Do you know anyone who has made money off of the Elliott Wave?

[retaildaytrader]

Thanks for taking the time to vote and respond. I suspected this was the case. The majority of people do not know and believe that money can be made from it. A minority of persons know some people who make money off of it. Few people make money off of it consistently.

So Im guessing the Wave Theory is just another one of those market strategies that do not work for most people. Only a few people can get it to work on a consistent basis.

 

[ambienCR]

a close friend of mine made millions in college correctly calling the big crash. he swears by "mastering eliott wave" by glen neally---- needless to say, he has never repeated the performance.

 

[cleveland45]

Quote from stock777:

mf prechter made lots.
selling warez

lol

 

[southbeach4me]

Ive tried it for 1 month but have concluded that it wouldn't give me a distinct advantage over the common indicators(like RSI, volume, and S&R levels),etc.... which I use everyday.

I sent txt msgs to my pro trader friends(one trades at Barclays, NY branch and the other trades at a hedge fund in Palm Beach, FL)

Their response: None of their firms use Elliot Wave.

 

[MandelbrotSet]

Quote from ambienCR:

a close friend of mine made millions in college correctly calling the big crash. he swears by "mastering eliott wave" by glen neally---- needless to say, he has never repeated the performance.

"the gods of luck are truly benificient to us mortals every now and again"

 

[ambienCR]

Quote from MandelbrotSet:

"the gods of luck are truly benificient to us mortals every now and again"

yes.

 

[MohdSalleh]

Yes look for a poster on ET named Landis which is an expert proponent of Elliot Wave. I heard he lost his shirt in his expert application of the wave though