X-ABCD Tables
SWING SIZE SETTING OPTIONS
SMART KEYS
RIGHT CLICK & DOUBLE RIGHT CLICK on << or >> option automatically adjusts SWINGS up or down in relative swing degree. This is the fastest way to review to your X-ABCD tables in swings of smaller degree through to swings of larger degree.
Double Left click << will Halve existing swing size or >> will double existing swing size.
Single Left Click << will decrease swing size 1 ick or >> increase 1 tick.
You also have the option to select swings sizes via the manual entry numeric key pad.
The WaveTrader X-ABCD system
IN REAL TIME AUTOMATICALLY tracks all the possible combinations of wave geometry in Elliott Wave terms. Retracements, Larger degree retracements, Alternate Waves, Reverse Cross, Double Cross and W5 ratios. Important ratios are highlighted as they come within 2 ticks or the next applicable geometric target will be listed. Previous swing pivots are also monitored for natural support and resistance. You can click on the Next Target boxes to see a visual on your eSignal chart.
At times the RATIO STRUCTURE of these combinations will ALERT you to important levels that traders using ELLIOTT WAVE will recognize as REVERSAL LEVELS in the unfolding patterns. The XABCD combinations that WT III highlights are dependent on the SWING degree for which you are monitoring. Small swing combinations will alert you to the MEDIUM degree, Medium degree swing combinations will alert you to the LARGE degree when it is important.
These are the configurations WaveTrader III monitors:
Retrace 1 – BcD
Alternate Wave – cD to aB
Reverse Cross – aD to bC
Double Cross – bD to xC
Retrace 2 – cD to xA or cD to xC
Alt 2 – X to cD in expansions
The wave configurations for the XABCD are fully explained in the PRICE ACTION MANUAL. Some are more important than others if they come together a certain way.
INTRA-DAY CHARTS
Each and every day the market stops and starts as it hits technical support and resistance in the smaller, small, medium, large and larger degree: you have to realize that there are so many operators using ratio and geometry to place buy and sell orders. To ignore the opportunity to compete with them is a huge mistake.
We have explained in the PRICE ACTION MANUAL over 30 reliable XABCD ratio events that the market seems to respect in terms of people acting on them. Nevertheless there are probably only between 5 and 10 that repeat over and over that you need to recognize and act upon should other indicators assume they are favorable.
You should always remember that the XABCD pivots on perfect geometry are POSSIBILITIES for a reversal, yet unless they are re-entry geometry they should not be taken as gospel until you have some confirmation they are working. Often the market will react on them and then when the side taking the chance of a reversal is exhausted the market will move on and break those levels. Knowing all of this they still create trading opportunities that lead to future trading opportunities.
This is why it is important to monitor swings as they unfold in relative degree. When the MEDIUM, LARGE or LARGER XABCD’s hit on the HIGH PRIORITY geometry the market will turn 80% of the time and move significantly in the new direction for a good distance and a profitable trade.