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: -

• On the fly, at the click of a button, pop-up guidance about Elliott Waves - as in the above pic, telling you about the ABC zigzag
• Analysis of Impulsive or Corrective Waves - highlighting the swings and doing sequential labels.  Sometimes, if we're lucky, it just works out to be a good Elliott Wave count or perfect ABC identifier.  More work to be done on this, to fine-tune it.
• Automatic channel drawing - again, not perfect ... yet ... but with an option in eWH you can easily adjust where it starts from.
• Automatic Fibonacci Expansions based on the largest correction within a wave.
• etc.

The picture shows BitCoin H4, at FE127 of a possible ABC correction - the channel working very nicely there. Find an ABC FE100, for example, where price is at the channel boundary and you might just have a very nice trade - spotted in an instant.

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.

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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.