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3 questions
01-09-2013, 10:47 AM
Post: #1
3 questions
- how do u decide if an ABC or an 12345 Impuls is running (also by a look at the internal structure?)
- are Fibo-relationships also important?
- in an 12345, is wave 3 still not supposed to be the shortest?
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01-10-2013, 05:23 PM
Post: #2
RE: 3 questions
(01-09-2013 10:47 AM)Streebeck Wrote:  - how do u decide if an ABC or an 12345 Impuls is running (also by a look at the internal structure?)
- are Fibo-relationships also important?
- in an 12345, is wave 3 still not supposed to be the shortest?

1st Q:

Hope you don't mind but I'll need to disect the terms here just to make
sure we don't lose clarity. Let me know if I've misunderstood your meaning.
I have assumed you are discussing a running correction, an RTB.

When you use the term 'running' it would be applied to the B of any
RTB 4th which may only be a subwave of a 5th or C. So by definition
an impulse cannot be running of itself, it could only be a subwave of
that retrending B to be part of the running aspect.

An ABC will only run as the component structure of that RTB, the B
portion comprising an ABC.

Those are the breakdowns of what the waves will do but for the other
aspect of your question, the decision, I would have to take you back
to the method for counting for all EW technicians.

We actually may wonder but never decide. The only determination, to do
it correctly, is made on the basis of what does the count say in the
larger, current and smaller degrees. Larger and current should agree
with smaller and groups of those subwaves of the smaller will warn
when something is in disagreement and hopefully we notice.

With NEWR understanding, the tools at your disposal for this approach
are a much much simpler set of rules eliminating all else but 12345 & ABC.

2nd Q:

Fibonacci relationships are very important. There are so many involved
in the fractal constructs that I do not think it is possible to keep
track. The major ones are plenty.

This may not be a practical help in counting because they guide travel
of price over time which is "speed" of moves but the market changes
speeds within waves or as combinations of subwaves.

For example when a 5th wave accelerates into a parabolic move that
dwarfs the 3rd it is a speed change with price moving further in less
time. The count will not change a bit but the subdivisions are longer
and yet the degree remains the same.

3rd Q:

Correct, the 3rd wave of an impulse is never the shortest.

Smile

TS Hennessy
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01-11-2013, 03:37 AM
Post: #3
RE: 3 questions
(01-10-2013 05:23 PM)TS Hennessy Wrote:  
(01-09-2013 10:47 AM)Streebeck Wrote:  - how do u decide if an ABC or an 12345 Impuls is running (also by a look at the internal structure?)

1st Q:

Hope you don't mind but I'll need to disect the terms here just to make
sure we don't lose clarity. Let me know if I've misunderstood your meaning.
I have assumed you are discussing a running correction, an RTB.

1st question: the word "running" was probably misleading
probably "if an ABC or an 12345 Impuls is in development?" is better

i was asking because on your charts, based on the always large and running wave 4 with very much new price development, the wave 3 always tends to be very small compared to 1 and 5
so the 1st 123 of an impulse can almost not be differentiated from an abc correction about to end
to know wich one is going on, is crucial though
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01-11-2013, 05:00 PM
Post: #4
RE: 3 questions
(01-11-2013 03:37 AM)Streebeck Wrote:  
(01-10-2013 05:23 PM)TS Hennessy Wrote:  
(01-09-2013 10:47 AM)Streebeck Wrote:  - how do u decide if an ABC or an 12345 Impuls is running (also by a look at the internal structure?)

1st Q:

Hope you don't mind but I'll need to disect the terms here just to make
sure we don't lose clarity. Let me know if I've misunderstood your meaning.
I have assumed you are discussing a running correction, an RTB.

1st question: the word "running" was probably misleading
probably "if an ABC or an 12345 Impuls is in development?" is better

i was asking because on your charts, based on the always large and running wave 4 with very much new price development, the wave 3 always tends to be very small compared to 1 and 5
so the 1st 123 of an impulse can almost not be differentiated from an abc correction about to end
to know wich one is going on, is crucial though

Ahh, I was not sure. Thank you for clarifying.

Remember that the 5th and C are finishing waves with certain typical
characteristics which follow along after that situation. The crowd has
had all doubts removed and this thing will go on forever.

I completely agree that it is critical to know where you are in a wave
but the place to determine this 'should' be before you are in it. No
knowledge exists which makes it easy so I cannot help there, only give
you the rules according to what the waves actually are doing.

Even the personality of the wave I mention is just some explanation
for the most typical of what you will encounter. It does not negate
a valid count where 5 is shortest. The only thing we have is that
3 cannot be shortest and this has never changed.

Consider that a normal 4 carries on very often for much time and
perhaps quite a bit of travel as well. An RTB 4 sometimes does little
actual net change to prices, terminating nearby the end of 3 after
hacking up the landscape, switching about.

This thread has the particulars with an illustration of the allowed
travel for the 4th's with green dashed lines for allowed and red for
areas they cannot go. You may have seen this already.

That thread relates to the chart in the ebook on page 32. You will
find, I believe, no real alternative to counting that ending wave
other than NEWR. The wave's personality fits and note especially that
the scale of each section is maintained along with the correct subwave
count even where not enumerated.

While I certainly realize that there are constant challenges to the
detailed counting, the waves are very sure to keep a 5 wave impulse
or a 3 wave correction exactly where it should be. I know that the
wave on pg 32 is an impulse and it could casually be counted as
standard EW does but the waves know the difference.

Smile

TS Hennessy
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