On 06-03-10 04:26 PM I posted the following:
I have been charting Gold with Elliot wave and found it to be really helpful. I think we are currently in wave 5. According to this theory, wave 5 should equal wave 1, which moved $100. If true my upside target for gold is 1265.00.
Comments about Ew and it's merits, were met with a very frank and valid point points, the discussion pro's and con's were well thought out, with the belief that we as traders can use this forum to learn from each other.
All the comments had merit and raised very good points. EW is subjective. Except for one poster all comentss were meant to reveal personal insight on this topic.
I only posted that thread, because the wave projection on wave 3 was within 2 dollars, and I thought that it should provide gold traders with valuable information.
I hope that some found this information of great use, and helped them in their trading
I have been charting Gold with Elliot wave and found it to be really helpful. I think we are currently in wave 5. According to this theory, wave 5 should equal wave 1, which moved $100. If true my upside target for gold is 1265.00.
Comments about Ew and it's merits, were met with a very frank and valid point points, the discussion pro's and con's were well thought out, with the belief that we as traders can use this forum to learn from each other.
All the comments had merit and raised very good points. EW is subjective. Except for one poster all comentss were meant to reveal personal insight on this topic.
I only posted that thread, because the wave projection on wave 3 was within 2 dollars, and I thought that it should provide gold traders with valuable information.
I hope that some found this information of great use, and helped them in their trading