Elliott wave does work

Quote from rcanfiel:

Quote from commoditiestrdr:

What's your problem with Elliott wave....I've used it and did well with it. It's not the only thing I use and no you can't use just elliott you have to use other indicators in addition to it.

Stop ASSERTING it works. PROVE it. No one else really has. That is why these unproven claims are so annoying. And frankly, if it has outperformance capability, it can stand on its own 2 feet.

HERE IS ONE WAY TO PROVE IT (both the following sites allow discretionary trading - futurestruth and strategyrunner do not):

If trading a lot of different instruments: http://collective2.com/cgi-perl/session.mpl?session=1&displaypage=offer_start.sessionhtml

OR

If just trading indexes and $95 is too much: http://www.timertrac.com/Public/Timers.asp

Get back to us after 4-6 months with your INDEPENDENTLY MONITORED results

Otherwise, Get Lost
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Yo, rude girl.
Who died and made you a monitor. What works for others doesn't have to work for you. Manners sure doesn't.
 
Quote from rcanfiel:

Otherwise, Get Lost
More...

I was about to say the exact same thing to YOU!

Did Elliott Wave bite you in the ass one day and you have been "bitter" ever since?

Sure seems like it.
:p
 
EW may or may not work for you. The fact that few people are able to successfully use it, makes it all the more appealing. You really have to understand this stuff, and it has to fit with your "world view".

Many professionals use this method.:cool:

PS. Manners count!
 
Quote from marketsurfer:

if your gonna do elliott, there is only one correct way.

my good friend glenn neely cracked the code here:


http://www.neowave.com/product-book.asp



this is the ONLY elliott book worth reading.... highly reccomended.


surf
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Hey Surf,

Haven't talked to you in awhile.... you still in the islands ?

I worked with Glen for awhile.
He has developed a new way of trading in addition to his wave theory ..... calls it his River method.
Very interesting .... He's a bright guy !
.............................................................................................

I see Elliotts patterns unfold every day right on schedule.
Bang on those Fib numbers.....Arguing against it is a non starter.

It's just part of the picture....but trading without having a
good understanding of it is very shortsighted.

Have a good weekend Ya'll :p


.
 
rcanfiel the Rancid, still ranting on deaf ears


there's a 'reader warning' that accompanies Neely's 'Mastering Elliott Waves' —
'it'll make your head hurt'

‘Elliott Wave Principle : Key to Market Behavior’ by Frost and Prechter
 
Fib levels seem to do a decent job of identifying make or break support & resistance in wavy markets. TA is subjective and so results are hard to "prove". The need for rigid rules vs subjective decision making is a function of where you are at as a trader.

Fair disclosure - I'm not a full time trader. I'm in the process of returning to trading. I'm currently re-orienting to markets and reviewing the approach I will take to trading. In the past, I've used mostly fib analysis to identify support and resistance areas to help with entries, exits and stops.
 
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