It's become apparent to me, thanks to your participation in the last poll, that there is a rather negative view of Elliott wave theory out there. 3 to 1 against, in fact. A number of traders have evidently gotten burnt with it.
I want to begin by saying THIS IS NOT AN ELLIOTT WAVE THREAD. My intention here is to share some interesting things I've found with regard to price counting in general. My methods are based on a new and distinct system for counting price, NOT EWT.
I am attaching a new graphic here that shows the counting sequences I use and attempts to illustrate my theory for their correllation - what I call "sequence flow." As the thread progresses I will be posting some real charts showing the sequence counts.
My method is a far cry from EWT so if you've had a bad experience with Elliott, don't let that stop you...
I almost quadroupled my account value over the last 2 weeks using this. I trade fixed odds, one of the more difficult forms of trading because there is no turning back once your start time kicks in. My last set (of 10) had 7 wins. I'm 4 for 5 on my current set.
Most of my time (over the last 3 years) has been spent studying price movement, so when it comes to actual trading experience, most of you probably trump me. I've traded options but I've become a bit enamored with the abiltiy to double your stake quickly in fixed odds. I prefer the indices. Anyway, how you trade or what you trade really doesn't matter much. Price counting works in all markets.
As this thread progress I'll be posting a good bit of explanatory content and graphics. I hope it will interest you and perhaps be of some benefit. I also look forward to your insights and opinions.
When I first started counting price I didn't even know about EWT. So my methods are not an EWT fix, the're totally new.
One last thing. Let's just try to have fun. We're all playing in the same sand box so why not just get along? No profanity (and no profane abbreviations) please. Thanks!
fx
I want to begin by saying THIS IS NOT AN ELLIOTT WAVE THREAD. My intention here is to share some interesting things I've found with regard to price counting in general. My methods are based on a new and distinct system for counting price, NOT EWT.
I am attaching a new graphic here that shows the counting sequences I use and attempts to illustrate my theory for their correllation - what I call "sequence flow." As the thread progresses I will be posting some real charts showing the sequence counts.
My method is a far cry from EWT so if you've had a bad experience with Elliott, don't let that stop you...
I almost quadroupled my account value over the last 2 weeks using this. I trade fixed odds, one of the more difficult forms of trading because there is no turning back once your start time kicks in. My last set (of 10) had 7 wins. I'm 4 for 5 on my current set.
Most of my time (over the last 3 years) has been spent studying price movement, so when it comes to actual trading experience, most of you probably trump me. I've traded options but I've become a bit enamored with the abiltiy to double your stake quickly in fixed odds. I prefer the indices. Anyway, how you trade or what you trade really doesn't matter much. Price counting works in all markets.
As this thread progress I'll be posting a good bit of explanatory content and graphics. I hope it will interest you and perhaps be of some benefit. I also look forward to your insights and opinions.
When I first started counting price I didn't even know about EWT. So my methods are not an EWT fix, the're totally new.
One last thing. Let's just try to have fun. We're all playing in the same sand box so why not just get along? No profanity (and no profane abbreviations) please. Thanks!
fx