Elliott Wave Indicator - Elliott Wave in 1 Second

[snorm]

Hi Immy and Steve,
Thanks so much again for the magnificent work done so far.
The eWave counter/indicator makes our life even more stress-free...thanks for pampering us.
Recently, I am trading using AIMS at higher TFs because of my day job. So far, AIMS has treated me well. Last time, I always look out for wave 3 and wait for setup 1 to re-appear to ride on wave 5. With this indicator, I believe I can spend more time on TF 1 min as well.

Just a few questions, gentlemen...
1) with this indicator, are we just trading wave 5 and taking profit at the displayed TZ? Any chance to trade wave 3 and TZ also displayed as well?
2) looking at which side is the price relative to the purple line, if it is above, we will go for the green wave numbers (3, 4, 5) on the chart and vice versa?
3) entry-wise, we will look out for red or blue dots after wave 3 appeared and use AIMS box for entry and SL? Do I still need to worry about setup 1 and 2?
4) if I want to use the indicator on TF 1H and 4H, are there anything additional to look out for?

Hope to hear from you gentlemen.

Rgds,
Randy

Hi Randy

I think I'll let Immy answer your questions about what and when to trade but I think he will say something like "we trade the setup, not the waves"
The Waves are as much about telling us when to avoid trading, as they are when to look for trades. The W5 Fib Projection is a great benefit of the indicator, showing something that is very trade-able and often repeated - but that isn't all we use the indy for. You can of course trade W3, that's the impulse move that we all want to jump on early, using the setups. You can do your own TZs, using manually drawn Fib Expansions though I will ponder doing some automatic ones in due course (based on my Fractal Fib Expansion indicator).

Your point 2 is good. Point 3 - trade the setups as normal (I think Immy will say)

Point 4 - nothing to change with the indicator, you can use as it is.

cheers
Steve

PS just as I was typing this post, Immy posted his response

[Randy Cha]

Thanks, Immy. Your explanation is clear.
I understand now.
Everything stays...Still trading setups...
Nonetheless, EW is still a good-to-have...I have a feeling it is going to bring me more pips.

Good job again (wd) (wd) (wd)
Randy

[Randy Cha]

Hi 5 Steve,
I love the way you phrased the sentences...I understand what you are trying to tell me.
Btw, very good job with the eWave...I strongly believe I can benefit greatly from it.
Will keep you posted.

Rgds, Randy
PS: now my mind s racing...

[snorm]

Hi 5 Steve,
I love the way you phrased the sentences...I understand what you are trying to tell me.
Btw, very good job with the eWave...I strongly believe I can benefit greatly from it.
Will keep you posted.

Rgds, Randy
PS: now my mind s racing...

Thanks Randy, I truly hope that you and everyone else get infinite pips with the help of the indy

[pmanisha77]

Immy great !!
what a development happening in hindsight. My salute to Steve and all AIMSters.
Whow!!
Keep it up
regards
jeewesh

[Bettina]

Hi Immy and Steve ( alphabetical order ),

I really admire, what you both have created here !!

I'm speaking of course of the new indicator. Steve, I've been watching your travel through w3s and w4s up and down yesterday absolutely fascinated. Very, very intelligently done - and crystal clear ! I often thought about and tried to cope with the Elliott structures by means of programming, but always got lost in the jungle of the past and the nesting of the waves.

And that's, why I'm also speaking of the whole concept and it's simplicity. It's nothing but "EW in the NOW" ! - and that's a sensation, worth a book, Immy ! It's the same as before, but the indicator shows still more brilliantly, when and how to throw away the past.
Please, please care for enough copyrights on that one !
My feeling says me, that it's much more than painting a few dots.

My honest admiration and respect - and many, many thanks !
Bettina

[Herbert]

Hi Immy and Steve ( alphabetical order ),

I really admire, what you both have created here !!

I'm speaking of course of the new indicator. Steve, I've been watching your travel through w3s and w4s up and down yesterday absolutely fascinated. Very, very intelligently done - and crystal clear ! I often thought about and tried to cope with the Elliott structures by means of programming, but always got lost in the jungle of the past and the nesting of the waves.

And that's, why I'm also speaking of the whole concept and it's simplicity. It's nothing but "EW in the NOW" ! - and that's a sensation, worth a book, Immy ! It's the same as before, but the indicator shows still more brilliantly, when and how to throw away the past.
Please, please care for enough copyrights on that one !
My feeling says me, that it's much more than painting a few dots.

My honest admiration and respect - and many, many thanks !
Bettina

I categorically agree!! Well said Bettina.
Herbert

[snorm]

Hi Immy and Steve ( alphabetical order ),

I really admire, what you both have created here !!

I'm speaking of course of the new indicator. Steve, I've been watching your travel through w3s and w4s up and down yesterday absolutely fascinated. Very, very intelligently done - and crystal clear ! I often thought about and tried to cope with the Elliott structures by means of programming, but always got lost in the jungle of the past and the nesting of the waves.

And that's, why I'm also speaking of the whole concept and it's simplicity. It's nothing but "EW in the NOW" ! - and that's a sensation, worth a book, Immy ! It's the same as before, but the indicator shows still more brilliantly, when and how to throw away the past.
Please, please care for enough copyrights on that one !
My feeling says me, that it's much more than painting a few dots.

My honest admiration and respect - and many, many thanks !
Bettina

Hi Bettina

thank you very much for such a great post. It's heart-warming to know that the eWave indy is so well received and has had the positive impact that Immy and I had intended.

All the very best
Steve

[MichaelC1234]

Hi Steve can you shed any light on why when I apply the EW indicator it sets the ewaves V1.0 box and numbers the waves , Then immediatly goes blank , If I set to true I can get the numbers on the chart , but cannot get them back on the EW

[snorm]

Hi Steve can you shed any light on why when I apply the EW indicator it sets the ewaves V1.0 box and numbers the waves , Then immediatly goes blank , If I set to true I can get the numbers on the chart , but cannot get them back on the EW

Hi Michael

if you have any other indicators loading in sub-windows, please remove them before loading eWaves. You can load the other indies after eWave has been loaded.

Let me know if that does the job for you...

cheers
Steve