Elliott Wave Theory

I supposed we could add Fibonacci to the fire as well; same thing: over 80 rooms with Fibonacci in their name (or claim to trade it) but none have a track record. What a galactic joke.
 
panzerman said:
The problem with EW is that it isn't based on any fundamental scientific or engineering principles, just the observation that prices seem to behave like waves.

If you think prices have wave and cycle like behavior, then you should apply digital signals processing (DSP) methods. At least DSP is solidly rooted in science and engineering. Of course the argument against DSP is that anything from the world of physics applied to financial markets is a misapplication of the physics. That is a philosophical argument you must decide on for yourselves.
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It's been a while, but I believe that EW are rooted in Fibonacci?
 
both dead, both mathematicians, never met until recently!!!!!!!!
But both have been dug up and have been seen having breakfast together in this video:
(8:57 into video)
 
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So much bashing in this thread.
Are you guys trying to protect something ?

I'd rather advise a newbie to study EW than any other indicator.
Disclaimer: I am not an Elliott Wave practitioner nor do I ever studied it.
 
would elliott wave show on this chart, say, from 0412 forward?
just any wild guess would be Ok. Thx
deleteelliotwave.png
 
Elliott Wave is so very entertaining! So fun to watch, no really, the adherents that is. One expert predicted the grand super cycle horrendous crash in the '90's and kept his adherents out of the stock markets' insane bubble. I guess he knew they couldn't stand prosperity. He was still selling his amazingly large and detailed tome with page after page of charts and graphs in 1996 after predicting the crash of 1995. I saw that he was interviewed as an expert even a decade later.
 
Sekiyo said:
So much bashing in this thread.
Are you guys trying to protect something ?

I'd rather advise a newbie to study EW than any other indicator.
Disclaimer: I am not an Elliott Wave practitioner nor do I ever studied it.
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This post makes sense, advise a noob to study EW so you can rob them, I must try it.
 
RainMaker3000 said:
The classification of a wave at any particular degree can vary, though practitioners generally agree on the standard order of degrees (approximate durations given):

  • Grand supercycle: multi-century
  • Supercycle: multi-decade (about 40–70 years)
  • Cycle: one year to several years (or even several decades under an Elliott Extension)
  • Primary: a few months to a couple of years
  • Intermediate: weeks to months
  • Minor: weeks
  • Minute: days
  • Minuette: hours
  • Subminuette: minutes
Are the markets entering a new cycle or supercycle?
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so with over 200 futures trades sites and over 40 rooms claiming to trade EW, there is not a single trade record or performance result. I give that an F.
 
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