WEBINAR:

Counting The Waves

Jody Samuels Juan Maldonado

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 Disclaimer

There is a high degree of risk involved in any type of trading. Foreign

Exchange trading is not suitable for all investors. Past results are not
indicative of future returns. FX Traders EDGE and all "affiliated"
individuals assume no responsibility for your trading and investment
results. Please keep in mind that all comments made by FX Traders
EDGE instructors should not be construed as investment advice
regarding the purchase or sale of Foreign Exchange.

Copyright, August 2012

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 Counting Waves

WEBINAR OUTLINE:

1. NOMENCLATURE – COLOR CODES and LABELING

2. WAVE LABEL EXERCISE
3. TOP DOWN APPROACH
4. STARTING FROM ANY VISIBLE HIGH OR LOW ON A CHART
1. EUR/USD
2. S&P

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 Nomenclature - ROYGBIV
Motive wave Correction
Wave Degree 5-wave Trend 3-wave color / font Timeframe

Cycle 12345 abc black 22 Quarterly

Primary 12345 ABC red 20 Monthly
Intermediate 12345 ABC yellow 20 Weekly
Minor 12345 ABC green 20 Daily
Minute 1 2 3 4 5 abc blue 18 4 Hour

Minuette 1 2 3 4 5 abc purple 18 and

Subminuette 1 2 3 4 5 abc white 18 1 Hour

Micro 12345 ABC red 16 15 Minute

Submicro 12345 ABC yellow 16 and

Miniscule 12345 ABC green 16 5 Minute

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 Nomenclature - ROYGBIV
Scheme to differentiate the degrees of waves in the wave progression
Motive waves:
UC Roman numerals
Standardized Corrections:
sequence of Lower case letters
labels
Motive waves:
involving: Arabic numerals
Corrections:
Numbers and Upper case letters
Letters
Motive waves:
LC Roman numerals
Arabic and Corrections:
Roman Lower case letters
numerals
Motive waves:
Arabic numerals
Easily Corrections:
memorized Upper case letters
repetition Frost, A.J. and Robert Prechter. Elliott Wave Principle (Georgia, New Classics Library, 2005).

UC = UPPER CASE LC = lower case

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 Wave Label Exercise
MONTHLY – PRIMARY
– red 20 pt
1

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 Wave Label Exercise
1
WEEKLY – INTERMEDIATE
– orange 20 pt

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 Wave Label Exercise
1
WEEKLY – INTERMEDIATE 5
– orange 20 pt B

3 A

C
4 2

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 Wave Label Exercise 1
5
B
DAILY– MINOR
- green 20 pt A
3
C
2
4

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 Wave Label Exercise 1
5
5 B
2 C2
DAILY – MINOR 3
1
4 A
- green 20 pt 4
3 B 1
3 A 4
5 1
3
B
5
3 2 C
A
C 2
4 4
1
5 1
3 B

1 A 2
4 C
2
2
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 Wave Label Exercise

Wave Counting Clues

1. Count the sub-waves

2. Look for 3-wave move
in X-wave for clue
about double or triple
combination

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 Top Down Approach – EUR/USD

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 Top Down Approach – GBP/USD

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 Top Down Approach – AUD/USD

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 Top Down Approach – S&P

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