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by Ashraf Laidi
Posted: Jun 7, 2018 17:24
Comments: 56
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Ahead of the ECB

Central, Egypt
Posts: 0
1 year ago
Nov 19, 2019 22:33

Leading Diagonal

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When diagonal triangles occur in the wave 5 or C position, they take the 3-3-3-3-3 shape that Elliott described. However, it has recently come to light that a variation on this pattern occasionally appears in the wave 1 position of impulses and in the wave A position of zigzags. The characteristic overlapping of waves 1 and 4 and the convergence of boundary lines into a wedge shape remain as in the ending diagonal triangle. However, the subdivisions are different, tracing out a 5-3-5-3-5 pattern. The structure of this formation (see Figure 1-20) fits the spirit of the Wave Principle in that the five-wave subdivisions in the direction of the larger trend communicate a "continuation" message as opposed to the "termination" implication of the three-wave subdivisions in the ending diagonal. Analysts must be aware of this pattern to avoid mistaking it for a far more common development, a series of first and second waves. The main key to recognizing this pattern is the decided slowing of price change in the fifth subwave relative to the third. By contrast, in developing first and second waves, short term speed typically increases, and breadth (i.e., the number of stocks or subindexes participating) often expands.

Figure 1-21 shows a real life example of a leading diagonal triangle. This pattern was not originally discovered by R.N. Elliott but has appeared enough times and over a long enough period that we are convinced of its validity.
Amman, Jordan
Posts: 0
1 year ago
Nov 19, 2019 18:57
In reply to Ashraf Laidi's post
Hello dear Ashraf

How can I cancel my subscription?
Ashraf Laidi
London, UK
Posts: 0
1 year ago
Nov 11, 2019 10:45
In reply to davidmichaels's post

Thks for your input. EURUSD did well to hold above the 1.1030 horiz base, now eyeing another stab at 1.1110.

edmonton, Canada
Posts: 0
1 year ago
Nov 9, 2019 1:36
The euro has settled into a holding pattern ahead of the ECB meeting today. With a slide back to leave resistance at $1.1165/$1.1180, EUR/USD has unwound within the recent recovery trend. We have been discussing the importance of the market finding another higher low between $1.1075/$1.1100 and it was interesting to see yesterday’s low a shade above $1.1100. The support of a three week uptrend comes in at $1.1075 today to add to this confluence. Momentum remains strongly configured for little corrections to now be seen as an opportunity for the bulls rather than a threat. RSI is holding above 60, MACD lines rise above neutral and Stochastics are around 80. Getting past the ECB meeting today with these levels intact would be a real sign of more stable ground for the recovery. Above $1.1180 opens $1.1250.

Central, Egypt
Posts: 0
2 years ago
Mar 6, 2019 16:53
Kaufman's Adaptive Moving Average (KAMA) Usage and Signals
Chartists can use KAMA like any other trend following indicator, such as a moving average. Chartists can look for price crosses, directional changes, and filtered forex trading signals .
First, a cross above or below KAMA indicates directional changes in prices. As with any moving average, a simple crossover system will generate lots of forex trading signals and lots of whipsaws. Chartists can reduce whipsaws by applying a price or time filter to the crossovers. One might require price to hold the cross for a set number of days or require the cross to exceed KAMA by a set percentage.

Second, chartists can use the direction of KAMA to define the overall trend for a security. This may require a parameter adjustment to smooth the indicator further. Chartists can change the middle parameter, which is the fastest EMA constant, to smooth KAMA and look for directional changes. The trend is down as long as KAMA is falling and forging lower lows. The trend is up as long as KAMA is rising and forging higher highs. The Kroger example below shows KAMA(10,5,30) with a steep uptrend from December to March and a less-steep uptrend from May to August.

And finally, chartists can combine signals and techniques. Chartists can use a longer-term KAMA to define the bigger trend and a shorter-term KAMA for forex trading signals . For example, KAMA (10,5,30) could be used as a trend filter and be deemed bullish when rising. Once bullish, chartists could then look for bullish crosses when price moves above KAMA (10,2,30). The example below shows MMM with a rising long-term KAMA and bullish crosses in December, January, and February. Long-term KAMA turned down in April and there were bearish crosses in May, June, and July.
SINGAPORE, Singapore
Posts: 0
2 years ago
Jun 19, 2018 10:35
Thanks, Ashraf Laidi.
This blog is helpful for the analysis.