Why do'nt all you guys who have faith in EW treat us to an analysis of where we are in terms of the various waves and where we can expect to go next ?
Otherwise I'm going back to Madame Rose and her trusty crystal ball..............last week she said the markets going up but beware the full moon!
You say...."knowing in what phase you are is very very valuable"
so obviously you accept that markets conform to elliot waves and if that is the case why say that it has little predictive power?
Prechter is all about promoting his books and his website, that's how he makes his money.
As for his predictions, he makes plenty of them and I suppose some must turn out right but when you consider that for the most part his predictions are all too easily settled by the flip of a coin [ the...
If Chris Terry is reading this then would he or someone else who can speak to LBR suggest to her that the next new setup she trades should be christened " shortpants "
Daytrader,
A fellow trader asks you to lend him some money so that he can add to a losing position,,,,,,,,,,,,,what you going to do?
You got shit for brains if you say yes.
Good trading !!
tampa,
try to watch what you are doing from a distance........watch yourself as if it was somebody else sitting there.
The real problem I have found in trading is that in my previous business life I was smarter than most in my field so I prospered, now I've come up against the meanest...
Norway2000.
I have just looked at the Stoxx 50 futures chart for today,sx2z, it's hopeless.......no volume.
I trade dax and ftse and agree with you about dax a great contract
Jack