ES Journal - 2012

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Quote from ammo:

..not making a big deal here but wave is one of the best,doesnt post his trades,he's occassionally wrong ,who isn;t,but his strategy would take volumes to explain as he's added to the recipe for years,he mentioned a book once to read up on,i pulled it up and read a little of the description,i would need to be a rocket scientist first to understand the content,,don't take him lightly
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Not intending to pick a fight. I'm just going with what I see. No more from me on the subject
 
Quote from tortoise:

Not intending to pick a fight. I'm just going with what I see. No more from me on the subject
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wasnt attacking you tort, never met him,only know him from this forum,just get a lot out of wave and didn't want the print to be taken as truth without some research
 
Quote from ammo:

did an ammo /wave and a wave/ammo search and found the name hurst but not the book,this might be it... http://www.amazon.com/Mastering-Hurst-Cycle-Analysis-treatment/dp/0857190628
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if wave is using hurst, i suspect he's loading up short now.

if he's relying exclusively on hurst, i believe it explains his premature short call of a few weeks back.

anyway, enough from me about the wav(erer)


[edit: and if he is piling on the shorts now, this time i agree with him.]
 
At the end of the day, with all of the methods of attempting to predict market cycles, based on whatever method chosen, it seems to me that it's quite fruitless to really try to predict anything. Even analysis of volume, which I use and love, is prone to multiple interpretations and conflicting analyses. Isn't it easier to just buy when it's going up and sell when it's going down (based on whatever time frame you happen to be viewing)? I'm tired to trying to be a swami, it hurts my brain.

EDIT: We may use several measures to "predict" -- after all, we must have some prediction that price will go in our direction. For example, even though I expected the ON low would provide support, I didn't blindly buy it, as I have so often tried to do in the past. Only a bit later was it more clear that the intermediate direction is up. Trying to be a swami has cost me a lot of money.
 
i'm no swami and i cant daytrade(terrible)but i found it a lot easier to enter going into or away from a supp res,larger the timeframe the better,and when you hit res/supp in 2 or 3 correlating markets at the same time is the clearest signal i've found
 
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