Just curious to know whether anyone out there is counting price, either using EWT or a self-invented system?
There is no category for
Counting seems to continue to exists on the boundaries and outskirts of trading. While technical analysis is now mainstream, price counting languishes on the sidelines...
It's always seemed strange to me that people would rather talk about what a great
Sometimes I wonder how many traders care or are interested in it any longer (even in EWT).
I know that many traders have grown frustrated with Elliott wave theory due to the difficulty and confusion in application. Granted, it is far from a flawless counting system. But has no one considered that a better system may exist? Or going one step further, attempted to create one?
If you've tried to apply EWT I would be interested in hearing your opinion of, not just EWT, but the concept of counting in general. Did your efforts succeed? fail? Are you using it now? Do you find it to be accurate? Do you see application of it as difficult? What would a better counting system involve and how accurate would it need to be?
Also, I would like to get your thoughts on the attached chart graphic. The red dots in the graphic are terminal points and identify the end of the count for that respective scale. It's a little confusing because I counted this movement at two wave scales, with overlaying counts - but you get the idea... I think the graphic does succeed in demonstrating how powerful counting can be (when the right sequences are known...)
Looking forward to reading of your experiences with/attitudes toward counting price...
There is no category for
in the forums so I figured I may as well post here.
Counting seems to continue to exists on the boundaries and outskirts of trading. While technical analysis is now mainstream, price counting languishes on the sidelines...
It's always seemed strange to me that people would rather talk about what a great
pattern appears in a chart rather than wonder
price creates such a pattern.
Sometimes I wonder how many traders care or are interested in it any longer (even in EWT).
I know that many traders have grown frustrated with Elliott wave theory due to the difficulty and confusion in application. Granted, it is far from a flawless counting system. But has no one considered that a better system may exist? Or going one step further, attempted to create one?
If you've tried to apply EWT I would be interested in hearing your opinion of, not just EWT, but the concept of counting in general. Did your efforts succeed? fail? Are you using it now? Do you find it to be accurate? Do you see application of it as difficult? What would a better counting system involve and how accurate would it need to be?
Also, I would like to get your thoughts on the attached chart graphic. The red dots in the graphic are terminal points and identify the end of the count for that respective scale. It's a little confusing because I counted this movement at two wave scales, with overlaying counts - but you get the idea... I think the graphic does succeed in demonstrating how powerful counting can be (when the right sequences are known...)
Looking forward to reading of your experiences with/attitudes toward counting price...
