Elliott wave does work

Quote from FreeMarketRider:

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.


"seem" "wavy" "subjective" "hard to prove" etc. etc.

This could also be said of reading chicken entrails or tea leaves. So many believe in their witch doctors. They usually put on a very good show that entrances the believers...
 
TA is subjected to interpretations. Although technical analysis predict the market, most PA traders listened but won't believe in it and I wondered why?

sg20
 
Like anything else that's for sale, its tough to find verifiable track records for EW calls.

Glen Neely has a service, you could subscribe for a while & see if it offers an edge. I get the impression he doesn't mix in a whole lot of other stuff with it, but I don't know what his River method entails...

There's some track record info in Timer Digest occasionally (lets you see how the so-called experts do with the methodology). Google:

"timer digest" elliott wave filetype : pdf

Eliminate the spaces on either side of the colon. If I do so in the post, ET shows a smiley.
The filetype : pdf thing will get you old issues of Timer Digest that are on the net, but if you remove it from the search there's more info in html pages.

Finding a workable method is like finding the right golf club for your game - there's no one correct answer for all, and some that suck for you are great for others.

smitty
 
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

You need to get back on your meds. Why does anyone have to prove anything to you? What makes you so special that you can make demands that others give or do something for you? Just because you have posted over 2,200 times on ET does not mean you are anything special.
 
Quote from jhithers:

You need to get back on your meds. Why does anyone have to prove anything to you? What makes you so special that you can make demands that others give or do something for you? Just because you have posted over 2,200 times on ET does not mean you are anything special.

So, you think that something that remains in the belief space (asserted but unproven) is better than traders actually being able to rely on something. I don't really think you understand the gist of this thread. Apparently you remain in the 95% loser category...

Don't let the door hit you and your 63 posts on the way out...
 
Quote from TraderZones:

So, you think that something that remains in the belief space (asserted but unproven) is better than traders actually being able to rely on something. I don't really think you understand the gist of this thread. Apparently you remain in the 95% loser category...

Don't let the door hit you and your 63 posts on the way out...

Wow, you really put me in my place.
 
Quote from jhithers:

Wow, you really put me in my place.

Didn't mean to overload your little mental circuits.

Sorry, but it is hard to put you any lower than you already are. You believe in fairies and Santa Claus, and do not understand nor grasp why something should be proven before risking money. This is a strong sign of a newbie trader, so there is little hope for going any further with "you"

As your head is filled with hot sand, about all you can do is tip it and let the sand run to the other side.

Not worth bothering with the feeble minded, so you are invited to join my ignore list.

 
Quote from Wallace:
…………….

‘Elliott Wave Principle : Key to Market Behavior’ by Frost and Prechter

Thanks for the reference, Wallace, shall look into it.
 
Quote from JaiSreeram:

Thanks for the reference, Wallace, shall look into it.

that book is a good start for elliot wave trader wannabe. i recommend that you combine with fibonacci too.
 
Quote from benleeph:

that book is a good start for elliot wave trader wannabe. i recommend that you combine with fibonacci too.

that way, you can be assured of losses
 
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