Ewj: elliott wave

@ Landis

Can you tell something about the timeframes these guys use? I see the ABCDE flat which makes me bullish(and base my position on), but i also see that it's in the last part of an ending diagonal, so that makes my longer term bearish. :)

Personally i think analysis should match specific trading timeframes. There are too many analysts yelling up and down without telling when to expect the next move or they use only one class of indicator. That's why i do my own homework :cool:

EW isn't the holy grail, just a pattern indicator of mass psychology...

ps. I don't follow analysts anymore, I'm still in the transition from semi-professional to professional trader(using the hard knocks method :) ) and find it a big relief to be the only one to blame.
 
Quote from MitchWorse:

ps. I don't follow analysts anymore, I'm still in the transition from semi-professional to professional trader(using the hard knocks method :) ) and find it a big relief to be the only one to blame.

Agreed 100%
:)
 
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