Greetings Everyone,
I recently was looking at another forum where an individual asked why EBOT’s in Profitsource appear to be missing from time to time. I have heard this question several times before and had this question myself a while back.
My biggest concerns when I hear this question over and over again are:
1. If you are trading via a system that stipulates a certain EBOT level, did you make trades outside of that system?
2. Have you contacted a HUBB trading tutor and have them explain the why and why not of the EBOT’s? I don’t know why people don’t want to call; this has to be one of the best features of Profitsource and it’s free!
3. Have you checked the Profitsource Knowledgebase to see if this question has already been answered?
4. Have you reviewed and studied the Video Training Modules from Profitsource?
5. Have you ever used the Data Window in Profitsource?
6. If someone asked you to determine a future EBOT level using the Profitsource Drawling tools….could you do it?
If you’re using the Elliott wave precomputed scans for trading opportunities and you don’t have the motivation or desire to honestly answer these questions: SHAME ON YOU! Fortunately, I see that your here, so I’ll do my best with the small brain I have to work with.
If you want a Profitsource answer to the EBOT disappearing question do both of these:
1. Go to the Profitsource Knowledgebase and perform an “any word” search for “1412”. The title of the question is “Why isn't there an EBOT in some precomputed scans?” This gives a little detail into why some EBOTS show on the precomputed and some do not.
2. Another good resource is the training modules. The specific module is 'Elliott wave in Profitsource' and the sub-module is 'EBOT's'
In a nutshell, the EBOT's are actually there, but they haven't crossed above/below the level and/or specific timeframe of trading days to generate the visual EBOT.
Has everyone used the Data Window in Profitsource? If not, you need to give it a look. If you find an Elliott Wave precomputed that doesn’t have a visual EBOT, the EBOT level may be reflected in the Data Window. If you don’t know where the Data Window is, here is a screenshot:
This second screenshot has the Data Window open. From the chart, you can see that there is no visual EBOT level being shown on the screen, but the Data Window is showing a Wave 3 and Wave 4 EBOT level. This was given by hovering over the day marked by the red arrow.
Now that you can see that the EBOT still appears, do you think I can predict the EBOT level in the future? I believe I can, and probably within 99.8% of the price, 100% of the time. “Hold on now Big Daddy”, you say, “What you’re saying is kin to evil!” It seems like that at first, but once you see it…all the magic is gone.
Here is the step-by-step that might help you understand how the EBOT is generated and where it will be in the future. Right now, I’m just going to show you a Wave 4 Precompute buy with a missing visual EBOT. The one I choose was ATW from 5-23-07.
One more thing, close your data window. It will ruin the surprise
1. Pick a wave 4 buy, the one I picked was ATW from 5-23-07. Notice that ATW does not have visual EBOT
2. Click on the Standard Deviation Channel tool under the drawling tools (don't get this confused with the one under the indicators)
3. Click on the day the wave 3 bubble shows up
4. Then click on the day the wave 4 bubble shows up
5. Right click on the Channel to open the channel properties
6. Change the Top and Bottom Deviation to 2
7. Set the 'Calculate Using' to Close
8. And check the tick mark for 'Extend to right'
9. Select OK
10. Now pick any day after the Wave 4 Bubble and draw a vertical line right over top of that day and take a look where the Top of the Standard Deviation Channel intersects with the vertical line you just put in
11. Now draw a horizontal line to match up with the intersection, and see what value pulls up on the right hand side of the horizontal line. (I zoomed in to make it line up perfect). The value shown is $51.04
12. Now open up you Data Window and hover over the day you selected for your vertical line. What do you see?
13. Here is what additional dates would look like
Other Question to Consider:
Q: What about the dates in the future?
A: If the main Elliott Wave pattern hasn’t changed, the results will be the same.
Q: Can I apply this to Wave 5’s?
A: Yep, but the Standard Deviation Channel settings are different.
Later Fibonacci 
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PLEASE REMEMBER THIS IS FOR EDUCATIONAL PURPOSES ONLY!
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