Quote from Wide Tailz:
I use it all the time on a discretionary basis. It's hard to quantify discretionary methodz, but you can look at the real $ equity curve & stats (assuming the trader is disciplined and does not contaminate the results with random guesses). Admittedly, this is only piking on my part, but I think it shows that EW will not prevent a trader from coming out ahead.
Disclaimer: I do not subscribe to the largest, most heavily advertised Elliot Wave service that you may be thinking of, but I did at one time (it actually helped me understand wave compounding, but their trade advisories were always wrong) :eek: