Is price action trading the most insightful(& most accurate)?

[bone]

Zor_Champ,

I do not understand what you posted.

Please conclude what you trying to state in one sentence please?

It means that Elliott Wave theory can be made to fit any scenario the user wants. You can make a bullish case or a bearish case using EW at the same point in time.

In fact, if you’ve ever used Elliott Wave software - you’ll find that previously established wave counts change over time. For example, today we might be seeing an exhaustion Wave #5 but in two months it’s being called Wave #4. That’s been my experience on both CQG and eSignal.

 

[Handle123]

It means that Elliott Wave theory can be made to fit any scenario the user wants. You can make a bullish case or a bearish case using EW at the same point in time.

In fact, if you’ve ever used Elliott Wave software - you’ll find that previously established wave counts change over time. For example, today we might be seeing an exhaustion Wave #5 but in two months it’s being called Wave #4. That’s been my experience on both CQG and eSignal.

I think in golf they call it a "mulligan" and can hit it again without adding to stroke count? But in trading, there is no Mulligans, they are called losses.

 

[Zor_Champ]

Zor_Champ,

I do not understand what you posted.

Please conclude what you trying to state in one sentence please?

The only thing Elliott Wave is "good" at is constructing evidence after the fact.

 

[SimpleMeLike]

The only thing Elliott Wave is "good" at is constructing evidence after the fact.

Zor_Champ,

Have you day traded with Elliot Wave before?

Thanks

 

[bone]

Zor_Champ,

Have you day traded with Elliot Wave before?

Thanks

Oh, I’d love to hear from someone who has ‘successfully’ day traded with EW. Be a first for me - and I’ve been at it since the ‘90’s.

I’ve shared offices with hundreds of electronic Day traders.

 

[tommcginnis]

Oh, I’d love to hear from someone who has ‘successfully’ day traded with EW. Be a first for me - and I’ve been at it since the ‘90’s.

 

[murray t turtle]

My success comes from firstly finding trends (not hard) and joining them: secondly cutting the losers before they get as far as the stop-loss whenever possible.

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That + collecting dividends if the price action supports it-NOT a prediction. Prediction is not used by people that understand the stock market or the true meaning of prediction., HINT; its called a weather forecast, not a weather prediction.

Good question orbit23................................................................................

 

[pstrusi]

It can't be almost impossible to predict a coming new trend, but we should be able to tell if a new trend starting has "legs".

 

[murray t turtle]

Thank you bone for the response,


Paul Tudor Jones is Elliott Wave Theory and he is successful. I just did quick look and see Elliot Wave made alot people money.

Elliot Wave does not look too bad.

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True partly ;
but that + 500 or 505+ other things............. And i did not even count the PT Jones 2019 timely quote from before that 1987 video= ''BUY @ market'' Safe to say ''buy @ market'' made him much more money.

One of Jack Scwagers top traders who had used EW, in the past said, ''he is sitting by the pond waiting for the tidal waVe'' LOL -LOL,

 

[tomorton]

It can't be almost impossible to predict a coming new trend, but we should be able to tell if a new trend starting has "legs".

Surely price which is not trending cannot be predicted to become a trend, and neither can the duration or consistency of an existing trend be predicted. Unless you know of a way?