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I don't know of anything in trading that has "precise and certain" applicability. EW is a tool. The problem most people have with EW is they pick a stock first, and then they try to find out where it stands at a particular point in time from an EW point of view. It is far better to scan for...

You let your risk level determine your position size. If you choose to have a 1% risk level and you have 100,000 dollars in your account then you risk losing 1000 of every trade you make. If the stock is selling for 25.00 but you have to give it 2.00 worth of room then you can only buy 500...

I just picked up some xec at 38.77. I really don't like that entry point so I only purchased half of my position.

I'm not a very big believer in divergences. I have never backtested them with a program, but I have done it manually for macd,obv,and rsi. The results were less than stellar. The problem is in most cases you are comparing price to an indicator that uses a different time frame. I have not...

I have been really trying to find other indicators that will confirm an elliott wave entry but I have had very limited success. Money management has been the key because you are just plain wrong too often. I do use a 50 day regression with a 2% standard of deviation as another tool to ride...

Here is one more prediction. The stock is XEC. This is a long and in this tepid market may not do anything but if the stock doesn't at least hit the entry point you have lost nothing. You only enter if the stock makes it above 38.28 and looks like it will hold. I normally will never buy...

I should also mention the stock is very close to it's 2:1 reward vs risk ratio. Should it hit that I will sell 1/4 of my shares. If it hits my c wave prediction I wll sell 1/2 of my remaining shares.

Actually the win/loss ratio is more like 40/60 in favor of the losses if you use the program as a black box and do not use any discrimination. Even with discrimination you are lucky to get 50/50 but the win ratio is not as important as long as your winners are decent. I'll give you one...

I am nowhere near a pure elliottician. I have no problem posting predictions of turning points. I will do so in this thread. Please remember that with mt predictor there is either a count or there is not a count so I cannot just take any stock and make a prediction, but I will give you...

I agree with everything you mentioned prior to the above. I believe in the total opposite. It has amazingly accurate predictablity of turning points(at least mt predictor does) If it weren't for this quality I would never use it at all.

Elliott waves are not total BS. It is difficult to develop a viable trading platform around elliott waves, but not impossible. Mt predictor is on the right track but not quite there yet. They isolate the waves so that it doesn't matter where you are in a wave sequence. You could be in a...

I don't know why, but every time I see this thread's title it just cracks me up. I guess it's the combination of the words "massive market surge" which there wasn't anything close to a surge, and "I am right" which of course we all know he wasn't.

All I know is I was short before the announcement and short after the announcement. None of my stops were hit on any position.

Over the coming weeks the dollar is going to get slammed. I'm sure glad I have been short in the market. Remember now this was the "good news" and the market still went down. Wait until some more bad news comes out and this market will TANK!!! Even if the market comes back before the end...

Well here comes the slide anyway.

Well remember now he is a 500 dollar a day profitable daytrader but if his stocks go down he is buy and hold. It doesn't seem like a very good combination to me. I personally think he is just paper trading. If he had any real money in these stocks he would have learned his lesson by now, but...

I look at it this way. If someone is selling something that cannot possibly work and he tries to sell it based on the premise that it's the secret of the universe then it's a scam, period. It's a scam regardless whether everything else is legitimate.

I forgot to mention I could have done a whole lot better with this system if he would have used a green traffic light for buy and a red one for sell. I eventually figured it out though.

I only had 12 dollars in my trading account but after being a member of the "numbers" game for the past 2 months I now have 2.3 million. Yes the numbers work. It's incredible.:D

I would agree with you on that one. That is where the discipline is supposed to come in but does not always do so.:D