Every now and then, thankfully with a fair degree of frequency, we get some really nice moves on DAX that make trading seem so easy; today was one of those.
I've made a little video that shows how we used the eWavesHarmonics tools to identify the setup and targets. It also shows some of the discussions, about the trades, that I had with my trading friends.
I touched on the subject of the ABC123 indicator in the previous video ... it's a sort of MT4 Elliott Waves indicator - yep, only sort of - it doesn't replace the expert eye of an Elliottician.
It's not intended to do perfect Wave counting, at least not at the moment. But ... it does do the following: -
The ABC123 indi is still very much work in progress but I've made a video (in my usual rough-and-ready video producing fashion), that shows it in more detail - initially intended for a few of my trading friends who are putting the indi to the test; and already getting some nice trades from it.
Drop me an email (or use the contact form) if you would like to try the early version - I'll make it available (for a very reasonable price) as I did the Wave Finder indi if there is enough interest. It only works with eWavesHarmonics though.
This indicator is similar to the Snorm Labels, on the Free Indicators page, but has been specifically designed for Elliott Wave analysts.
There's nothing fancy about it - just a quick way to label the waves in a consistent fashion. You can see it in action on this short video ... which also includes a little preview of the project that I'm currently working on - related to Elliott Waves.
If this is something that you'll find useful, click on the eWavesHarmonics page and scroll down to the download file ... free of charge for nice people only.