Mar 272012
 

Hi everyone. I would like to thank readers for the overwhelming response for my book “Five Waves to Financial Freedom”. In case you have not already received the special update, please read the following post: “Five Waves to Financial Freedom” is a living book. If you have already received your copy, there is no need to write in again, because this is the same update that you already have in your files. Best wishes. Ramki

  29 Responses to “Special Update : Reminder”

  1. Dear Ramki,

    Thanks for your living book. İ have been making use of your book for 3 months. My trading attitudes changed substantially.

    Although i sent a reply for your special update email i didn’t have any return for the copy of update.

    Thanks for ur attention

  2. Dear Ramki,
    thanks a lot for your wonderful book and your regular analysis on various asset class
    I get to learn lot of things from you
    can you please update your count on Copper, as it is giving wild swings these days

    thanks a lot!!!
    - ajay

  3. Hello Ramki,
    I just bought your book yesterday and finished it this morning and looked through some of your posts while going through the book. As you say, I’ll be going back through the book. Many of your explanations and applications are easier to see than what was in Mr. Pretcher’s book and you give some rules for application that should be easier to apply in real time.

    I am curious about how different waves fit together and build into the next higher wave pattern.

    This post looks at a specific example – the Aud/Usd. After seeing your February commentary about CitiFX, I looked at a monthly chart and wondered – ‘What if 2001 through 2008 was wave 1 and 2 of a larger pattern? (I’ll call it super wave 1 for this discussion.) If we are in a super wave 3, what would that look like?’

    Of course, there is a clear 5 wave pattern from the 2008 low, and super wave 3 is just barely higher than super wave 1 if this is it for the wave 3. It just doesn’t seem to look like a wave 3.

    Arguing for the end of super wave 3 and being in a correction (obviously a complex correction) of a multi-year impulse wave, the monthly wick top in November 2009 and the wick bottom in October 2011 have a little overlap and 4 can’t go into 1. That argues against having an extended wave 3. Therefore, the expectation I suppose is for an abrupt decline into the 80′s at the end of this complex correction before super wave 5 begins.

    If that is the case (defining wave 1 as 2001 through 2008, and wave 3 as 2008 to current), wave 1 was extended in time, wave 2 was abrupt, and wave 3 was shorter than 1 in duration but normal compared to 1 in height. Does that argue for a wave 5 that is extended in height but short in time?

    Further, it looks like the super wave 3 (2008 to current) started with a complex wave 1 (October 2008 – March 2009) if that is the count. Does that argue for a quick reversal into super wave 5?

    To recap:
    Super wave 1: extended in time but rather simple component waves 1 and 2.
    Super wave 2: correction simple but short.
    Super wave 3: component wave 1 complex but short both in duration and time compared to component waves 3 and 5; and waves 3 and 5 look pretty normal to each other – in fact almost looking the same though wave 3 is about 100 pips higher.
    Super wave 4 (if it is): From August 2011 continuing to present and expected to continue is complex and should end with an abrupt wave C drop into the 80′s.
    My first conjecture is this -
    Super wave 5 after the complex wave 4 ends would be expected to have a simple component wave 1; probably it will extended in height since wave 1 and 3 are normal to each other in height; and possibly short in duration since we already have an extended duration in wave 1.
    My second conjecture is this -
    Is it possible to have a complex component wave 4 correction (of super wave 3 here) into an extended super wave 3 and if so what would that count look like? Or are we definitely through with super wave 3?

    Best regards,
    Curtis

    • Hi Curtis, First of all, my sincere thanks for taking time to write this long comment.Obviously, you are a very passionate follower of the Elliott Wave Principle, and I know for a fact that anyone who is passionate about his studies will do very well. You have asked me some questions about the wave counts in the very long term. I hope you will forgive me for not addressing those questions. The reason is I tend to focus my attention on actionable trade ideas, and generally feel the very long term waves are best left to academics. May I request that you copy and post these comments on the Forum so others who are inclined to discuss long term counts can engage with you directly. Once again, I do honestly appreciate your thoughtful comments on WaveTimes, and it is readers like you who make my day.Thanks again, Curtis.

      • Hi Ramki,
        You’re right. Using EW to help find actionable trades is its best use. Your suggestions have helped me over the past few days see and refine my entry and exit. I just need to practice acting on what I see over time and gain confidence in what it is telling me. The other thing is keeping the losses small when it tells you that you’re wrong in your interpretation. Both are useful
        About my other question, You’re right! That means we can’t be in wave 4 of the larger structure from 2001 – so perhaps we’re heading into wave 3 of 3 once this correction is over. Interesting to think about, but I’m not going to try to plot it out – back to the charts to look at tonight’s trading.

        Best,
        Curtis

  4. Hello Ramki,
    I should have looked through what I said and been more explicit. I am asking your opinion concerning how you see the count and its development.

    If I understand what you said in your book, it looks like we are seeing a correction at a larger degree within a larger degree wave before going into what should then develop into a wave 5.

    Best,
    Curtis

    • Hi again Curtis, I am not comfortable with calling the rally from 2008 lows as wave 3. If i recall, you yourself said it doesn’t look like a wave 3 judging from its personality. Besides, the top of wave 1 has already been violated….best wishes

  5. It seems to me that this website doesnt download in a Motorola Droid. Are other folks having the same problem? I like this web site and dont want to have to miss it whenever Im gone from my computer.

  6. Dziękuję za FWFF Pozdrowienia z Polski

  7. I bought his book in English and I liked it. I congratulate you for your work in the book, and your website.
    In the future, I ask you to do a Spanish version.
    I can read in English, but I would love it in my language.

    Thanks for everything

  8. Hi Ramki:

    I just purchased your book from Amazon.

    I would really like to see a print version of this book – I am using a Kindle reader for my PC but much prefer to have printed versions of books.

    Hopefully you will take this under consideration.

    Looking forward to learning.

    Thanks,

    Alan

    • Hi Alan
      Thanks for writing. A printed edition is something for the future. But at present I am afraid the kindle edition is my only offering. Please try downloading the Kindle for Ipad, or PC and you can read it there for free as well.

  9. i go through your post,,, very exciting!!!!!!!sir please look in to indian nifty indices..

  10. Though you dont live in india I love the name RAMKI……….learning without seeing the teacher

  11. Hi Ramki:
    thanks for have writing that book. I bought yesterday by amazon. One of the best thing, is that you put a lot of examples in an easy way to learn. As a teacher who i am a really appreciate your job.

    Apart from that, I would like to ask you if you can give us your view (Elliot) about CLF.

    Thanks very much
    Germán from Argentina

  12. Hi, I enjoyed your book a lot but I did not receive the latest updates (i.e., I only received one update since I bought the book and that was a long time ago)

  13. Hello Ramki,

    I bought your book from Amazon.com.Iam just going through book and have a query.

    Would like to know what exactly is Reflex Point ? This word is used at many instances in the book.
    Sorry if this is the right place or not to post this question or can you please share if there is any forum where in i can post my qureies .
    But would like to know what is this reflex point.

    Thanks in Advance
    Reddy

  14. Dear Ramki Sir,
    I am from kolkata (west bengal), very recently i came to know about your book and website , and i read throughly your each and every posts, by reading your posts i felt that your book on EW will be very useful to me, but the problem is i can’ t by it online . can please let me help to purchase the book from any book store in kolkata, pls help me.

  15. Hi Mr. Ramki

    I have recently had the pleasure and honor to buy your book and read it and am half way thorough, I read each chapter almost 5 to 6 times and I plan to reread the whole thing after completion just to make sure that I understand every little details

    Thanks again for providing this website as supplement to the book where we can read up on update live example

    I have always used harmonic trading and know how to trade that ABCD in details, and wanted to read on Elliot Wave but everywhere you read on the internet makes you scared of its complexity, so let for a while, until I found your book over Amazon and since I stated reading the ebook, its simplicity guides me in the correct way and thats really what am looking for, simple approach to already a complex factor

    I just took a trade on GPB/JPY Hourly chart on what I thought was wave 5 and made 50 pips targeting 61.8 completion by projecting wave 3 to wave 4 , isn’t that awesome!

    Thanks for making that possible

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