Analytical reviews by Sebastian Seliga: discussions and questions to the author

[MT5 Administrator]

Dear MT5 forumers,

In this thread you are welcome to discuss analytical reviews and forecasts prepared by InstaForex analyst Sebastian Seliga. The author will be glad to answer all your questions.

We hope you will derive much pleasure and helpful information from communication in this forum thread.

[Sebastian Seliga]

Greetings to everybody!

Please feel free to ask the questions about my analysys that I post on Instaforex.com web page.

Kind regards,
Sebastian Seliga

[forexlosser]

hi sir , r u using any indicator for plotting EL signs automatically at chart ?

[Sebastian Seliga]

Hi there,

I do not use any indicators expect:
-MACD oscilator,
- Awesome Oscilator
-Better Voulme Indicator.

Anything else that appears on chart is drawn by hand.

Regards,
Sebastian Seliga

[forexlosser]

ok thankx sir .. Sir how to understand Elliot wave system ? ... does elliot wave follow the fibonacci ? and we cant draw with out fibonacci ? like 1st correction leg will be 50 or 61 % of main trend leg .. or we can draw elliot wave without fibo ?

[Sebastian Seliga]

Hi there,

Yes, Elliott Wave is very close companion to Fibonacci ratios and one can not correctly trade without another.

As for wave 1:
here s a pic that illustrates the relationships between fibio and elliott principle on wave 1 and 4:



Take care,
Sebastian Seliga

[forexlosser]

Sir i am reading books of Elliot wave .. and mostly saying that ... XA leg(impulse) will be 100 % Fibo . AB Leg (corrective ) will be 50 % or 61 % of Fibo . BC Leg ( Trend or Impulse) 161% 261 % of AB Leg ...i Tried this but Failed mostly time ... and your Fig is not following this Pattern ...
look at it what Wrong with it Sir ?

[Sebastian Seliga]

Wave A is not impulse but a ZigZag.

Look here:


This is why You are not able to get the Fibonacci proportions right.


Regards,
Sebastian Seliga

[yasin42]

sir can you please share your analysis about nzd-usd
I will be thankful to you
thanks

[Tim_isoara]

Hi
I like your analysis. It's possible to update your post of eurjpy with H4 and daily. Thank you.
Kind Regards
Tim_isoara