Gold Count

[finster869]

Hi Tom. I have read the book and am trying to grasp the concepts. Thanks for sharing your work.

Do you have a gold count you can post? As others have noted, it is much easier to learn the new counting system from analyzing your counts.

Thanks again for your efforts.

[TS Hennessy]

(02-14-2010 08:55 AM)finster869 Wrote:  Hi Tom. I have read the book and am trying to grasp the concepts. Thanks for sharing your work.

Do you have a gold count you can post? As others have noted, it is much easier to learn the new counting system from analyzing your counts.

Thanks again for your efforts.

Well the charts for Gold which I have only go back to 1992 and have just
the current bull run. There only remain assumptions that it matches up
to the general market like the DOW but that could be way off.

Honestly this instrument has worked so well with my other system that
I have had no incentive to even look for other charting sources for Gold.

If you know of any then by all means we may be able to get a better look.

[finster869]

TS- Attached is a weekly gold chart. Since we don't have good data, I cheated on this, and looked for the "4's", "3's" and "b's". Based on your other system or general knowledge, do you think this chart makes any sense?

[Raklian]

(02-23-2010 06:57 PM)finster869 Wrote:  TS- Attached is a weekly gold chart. Since we don't have good data, I cheated on this, and looked for the "4's", "3's" and "b's". Based on your other system or general knowledge, do you think this chart makes any sense?

To ensure that you're counting right, you need to confirm it is so by counting the detail on a faster timeframe. Any swing you see between the labeling you marked on your chart, I suggest you to try to delve deeper into faster timeframes and count to make sure they make sense. Like Tom has been saying, finding enough detail is crucial for a proper count. I know it can be very time-consuming, but it is a one-time thing if you do it right in the slower timeframes.

[finster869]

I have done the daily from 680 up (what I have marked wave [iv]). There is no data for gold forex at a lower degree than daily. I have been using GLD spider fund, but the data does not always match up exactly.

Anyway, the purpose of the post was not to have him review it in total, but to see if he thinks we are currently in a Primary wave 5.

Here is my daily chart.

[TS Hennessy]

(02-24-2010 06:34 AM)finster869 Wrote:  I have done the daily from 680 up (what I have marked wave [iv]). There is no data for gold forex at a lower degree than daily. I have been using GLD spider fund, but the data does not always match up exactly.

Anyway, the purpose of the post was not to have him review it in total, but to see if he thinks we are currently in a Primary wave 5.

Here is my daily chart.

You may get more data by using Metatrader demo.
This is a link from which you may download it:
Alpari.org Metatrader 4

It goes back on GOLD, symbol XAUUSD, to 1991 on weekly and 1998
on daily and 1997 on H4.


The way that waves mimic other waves makes counting with no
completed wave on a higher degree an almost impossible task.

Gold does not give us anything close to a completed pattern on the
larger degrees for this lack of data.

Raklian's suggestion is a valid one and it may prove fruitful if enough
segments could be verified and then the qualifiers put together.

If I had to guess I would say this ( the whole segment to 1991 )
appears more like it is a C or 5th wave.

Locating the initial sharp drop during long Bull runs are usually going to
be where the A of an RTB 4th may be located. That is just a starting
point because the A could also be complex instead.

Hope that helps.

[finster869]

Updated gold chart.....still proceeding as planned.

   

[Gooner]

Hi finster869

Trying to get a handle on labeling here.

Are you using the same labeling that Tom proposed in the book?

For instance in your last gold chart the (4) wave divides into "A, "B, "C.

How does that work?

Cheers
Gooner

[finster869]

(06-08-2010 11:01 PM)Gooner Wrote:  Hi finster869

Trying to get a handle on labeling here.

Are you using the same labeling that Tom proposed in the book?

For instance in your last gold chart the (4) wave divides into "A, "B, "C.

How does that work?

Cheers
Gooner

Hi Gooner. Yes, I am using Tom's RTB 4th system. On that chart, Blue (4) is a NON-RTB 4th. Here is the weekly chart so you can see a longer term perspective:

   

EDIT: Oh, sorry, I think I misunderstood the question. If you are referring to the degrees, then you are correct, that is an error. Those waves should be marked green (a), (b) and ©. The black and reds are the wrong degrees in that 4th wave as well. Blue wave 5, which is presently being built, has the degrees labeled properly.

P.S. Don't get bogged down on whether we are in a (a), or an .A or an "A. The level of degree is not as significant in the big picture as identifying trend changes.

P.P.S. I don't use "circles" since they are difficult to draw with stockcharts.com. I use [ ] instead.

[Gooner]

Thanks finster869

I thought I better check because even the small things can trip me up at this stage.

So, if I have my head around it right, no RTB in blue (4) because its part of red [iii] but we are anticipating a RTB in green (iv) because its the 4th of blue (5)