Elliott wave charts & predictions

[padutrader]

ABC correction

there are maybe 40 different types of corrections most of them complex and you are talking about the most simple one.
this is hilarious and very misleading.

 

[Bad_Badness]

You guys are looking at the market all wrong. It is not just random prices bouncing off resistance and support levels at the whim of news. It moves in measurable cycles.

ROLF. Yes it moves in measurable cycles, until it does not. EW does not have some magic golden ratio, fractal possession over the markets. It is your confirmation bias and lack of actual experience using it for live trading that makes it look interesting.

But if you want to try and build a system around EW, go for it. See you back in about 100 hours of research.

 

[wxytrader]

there are maybe 40 different types of corrections most of them complex and you are talking about the most simple one.
this is hilarious and very misleading.

I have already mentioned all this Paddy, if people want to learn how to chart an actual correction then there are plenty of resources. This is just showing you the Fibonacci levels, it isn't really even EW. How price gets there, and where to enter is how the charting comes into play.

 

[wxytrader]

which are so many that market has to hit one or nearly hit one.... FIB is just what it says and here is the meaning fib meaning in english - Search (bing.com)

Each wave has specific target levels that can be used for entries and exits. This is a little more involved that Brooks counting 16 candles hi/lo or bull break out fails lol. Yes I have all the books too.

 

[wxytrader]

EW does not have some magic golden ratio, fractal possession over the markets.

Of course it doesn't, it just shows that the golden ratio and fractals do.

 

[padutrader]

What a clairvoyant you are! I just wish you'd have said the same thing 2 years ago.

Be that as it may, I'll reference this following chart in the future. Frankly, the scenario doesn't sound that bad (a lot more realistic than the $1M pipe dream cooked up by the Bitcoiner community ). Good luck!

more like this.... elliot used to call this a complex flat and a simple ABC with a range thrown in between.
best of luck is bloody right

 

[padutrader]

Each wave has specific target levels that can be used for entries and exits. This is a little more involved that Brooks counting 16 candles hi/lo or bull break out fails lol. Yes I have all the books too.

i had them....

thrown them all away including brooks eliot gann

 

[padutrader]

specific target levels

which are always non specific

two elliot technicians cannot agree on any targets or wave counts...

i use a coin to trade and i got 100% hit rate yesterday

 

[padutrader]

golden ratio and fractals do.

there are 100 golden ratios according to elliot

 

[schizo]

more like this.... elliot used to call this a complex flat and a simple ABC with a range thrown in between.
best of luck is bloody rightView attachment 337831

For the time being, I'm gonna give him the benefit of the doubt. I wanna first see how his prediction pans out. If his prediction fails, it wouldn't be too late to jump on him then.