POLL: Elliott Wave vs Support & Resistance (which is better?)

[Reactive Analytics]

I can build a chart, devoid of all foreign indicators (only price), that clearly displays support and resistance points in real time, as well as displays momentum like an HD TV.
Here is the Micro Crude going into the close on Friday, the Sunday evening open and into the close today. The background color displays the momentum direction by reading the level of each price bar in real time; green down, white up.
Here we clearly see support and resistance, we see momentum direction and most importantly ew can see consolidation and where is comes out of it.
This is what naked price action looks like.

 

[Reactive Analytics]

Oh, in regards to Elliot.
How do you start a war?
Go into a room of Elliot Wave enthusiasts and yell, "which wave are we on?".
Then run.

 

[maxinger]

Some people pronounce Elliott as

ˈɪd.i.ətt

 

[SimpleMeLike]

Oh, in regards to Elliot.
How do you start a war?
Go into a room of Elliot Wave enthusiasts and yell, "which wave are we on?".
Then run.

LMFAO HAHAHAHAHHAHAHAHHAHHAHA That was a VERY good laugh for me. LOL

LOL AHAHAHAHHAHA

I can not imagine myself spending time and energy learning something called Elliot Wave where the inventor of Elliot Wave is not even rich from trading.

 

[schizo]

Hello schizo,

What does reversal, support, Elliot wave and resistance means?

Thank you,

For you, they all mean useless bullshit. Just focus on your clicks and forget abou the rest.

 

[SimpleMeLike]

For you, they all mean useless bullshit. Just focus on your clicks and forget about the rest.

Hello schizo,

You do not know what reversal, support, Elliot Wave and resistance means?

How can I answer your poll if I do not know what the terms means?

Please explain to me.

 

[deaddog]

This is what naked price action looks like.

Does it tell you where we will be 10 bars from now.
How are you going to make any money with that information?

 

[murray t turtle]

Don't get me wrong. There are definitely cycles and waves in the market. However, they're usually only known in hindsight. Also it's very subjective when it comes to determining where a given wave begins and where it ends. That's not to say that support and resistance don't have their own shortcomings and fuzzy logic either. Sometimes they work and sometimes they don't work at all and you're always searching for a reason to rationalize why it failed or why it should have worked.

So here's what I propose regardless of which camp you belong to.

1. Vote on which you see as more important of the two (or rather profitable).
2. Post a chart with an annotation (IMPORTANT: Don't forget to mark where the next potential reversal will be!!!). It doesn't have to be too elaborate and you don't need to divulge your secret. A general sketch with a few lines of explanation will suffice.

%%
WELL/
PitBull Trader[Jack Schwager notes] paid for Ewave service\
but noted a problem ''sitting by the pond, waiting for the tidal wave''LOL
So to answer your question mostly ''yes '';
+ i also use Mars [Moving average ribbons] also.
I some times eat Mars chocolate , late meal cut\with peanuts + whole grain oats. LOL
Wave On Wave \
not afraid anymore\
that'$ what I'm looking for. /
Wave on wave song/ Pat Green/ Motown /Song > 25,577,999 video volume hits

 

[schizo]

%%
WELL/
PitBull Trader[Jack Schwager notes] paid for Ewave service\
but noted a problem ''sitting by the pond, waiting for the tidal wave''LOL
So to answer your question mostly ''yes '';
+ i also use Mars [Moving average ribbons] also.
I some times eat Mars chocolate , late meal cut\with peanuts + whole grain oats. LOL
Wave On Wave \
not afraid anymore\
that'$ what I'm looking for. /
Wave on wave song/ Pat Green/ Motown /Song > 25,577,999 video volume hits

I used to listen to New Wave as a teenager. People are people wherever you go. We're all here to make money, in one form or another, whether that's a wave or a rainbow. BTW don't be eating that gooey chocolate at night (unless you're overexerting yourself ).

 

[murray t turtle]

I used to listen to New Wave as a teenager. People are people wherever you go. We're all here to make money, in one form or another, whether that's a wave or a rainbow. BTW don't be eating that gooey chocolate at night (unless you're overexerting yourself ).

%%
LOL that is not my naming chocolate with late in it
I seldom eat snacks outside of meals, but glad to gain a few pounds.
Wave after wave pattern can help.
A business that doesn't wave much LOL can be helpful also.