The best opportunities
might well be where the count is totally opague
someone wise once said this
You need to be the only -->Dramatic price movements tend to unfold from price structures that minimize profitable participation.
one of a few, on this side of the sea saw,,,
it don't go up to any large extent any other way
No matter how much the consensus
if we are all at the same end
The real maddening thing about this is all the others that follow in such jokers paths - wasting extremely valuable time and unknown amount of money. SAD!!
Just goes to show the point you were making in this thread,
Of course he could of been a trading genius just with personality issues, but I doubt it.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? -Hunter S. Thompson
Ah someone who understands the "duck"Well thats my point Tech. What makes someone create multiple identities to praise their own "analysis" on a forum? Obviously they were getting no love from their trading account. Some have such weak and poor character they have to resort to cyberjerking themselves off.
And as is often the case they grow tired of the tedium and drift off into cyberspace.
Must duck off.
In what instrument would that also be?
Would you really think "THAT" many people actually use Elliott Wave in YOUR instrument to such an extent they
(1) read the counts the same
(2) all use E/W for stop placement.(Rather stupid if you ask me)
(3) In the Time Frame your trading.
(4) guessing has always been a favorite indicator.About as accurate as most peoples counts.
EW needs to just die.
It's only reason for its modern existence is its early development [1930's], if someone in this forum 'discovered' it, they would be branded a guru and shot down.
Rules upon rules designed to curve-fit the occurence that markets move in waves.
The only useful bit of information i can deduce from EW is that markets move in waves/revert to the mean [sometimes] and dont tell me you need a 1930's theorem to understand that.
If I'm the only person on the planet that can use it to advantage then so be it.
If anyone wants a chart posted up then just holla.
If not----------not here to convince anyone.
These points are not something I care about. If at least some people are partially using it to determine their stops, then that should mean at certain points in the price action a mini-stop loss run might occur. So given the possibility that this could occur I look out for cases where it does actually occur to see if my suspicion holds true.
If these SL runs do happen at certain EW points, I don't sit around wondering why people would be so stupid as to use it, I simply laugh and add that to my arsenal of things to expect from the price action and adjust my strategy accordingly.
p.s. As for XAO analysis, I think we will continue on a slow uptrend as everyone starts to believe we have seen the bottom already (which I must commend TH for picking, his Guru status is well earned)
Last edited by Naked shorts; 1st-September-2009 at 10:16 PM.
Whats funny, is the fact that the discussion has been the application from the individual applying the analysis has been the flaw, not the actual analysis, yet post after post is having a direct attack at EW, would have thought after discussions lately that attacks should be directed at those using it, not it.
The wave 4 was fairly predicable at around 50% (1.4330) to 61.8% (1.4320) retracement once it broke below the start of the wave 5 of wave 3 parallel to where your label A is.
Your 3, 4, 5 and A are probably 1, 2, 3 and 4 of wave 3.
Si Hoc Legere Scis Nimium Eruditionis Habes
I hate EW.
Discussion only! Posts may be factually incorrect due to ignorance, taken out of context, misinterpreted, or just opinionated discussion.
it usually turns into one big massdebate anyways
Are Elliott's Wave's in anyway more important or significant than Kondratieff's?
Just a question.
Please help me TH, I have no idea about this?????