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

[BKR88]

Talk to me when you can forecast price over a year in advance like I did with BTC. That can only be done with EW and fibonacci.

(nice drawings though...did you put those up on the fridge?)

Here is the proof.
https://community.swingcharts.com/c/8-category/8

I have no opinion of EW or fib.
You said S & R don't exist.
My charts said otherwise.

 

[wxytrader]

I have no opinion of EW or fib.
You said S & R don't exist.
My charts said otherwise.

Your charts are labelled wrong. Sometimes it might line up but it doesn't act as support or resistance. If support and resistance was tradeable then every trader would be profitable because it's literally the retail calling card.

Also you can throw order blocks and mitigation into the mix. These are all just incomplete methods that do not see the big picture.

 

[BKR88]

Your charts are labelled wrong. Sometimes it might line up but it doesn't act as support or resistance. If support and resistance was tradeable then every trader would be profitable because it's literally the retail calling card.

Also you can throw order blocks and mitigation into the mix. These are all just incomplete methods that do not see the big picture.

1-You said S/R don't exist. I proved that statement wrong.
2-Pick any of my charts that I "labelled wrong" and show the correction. You won't because you can't.
3-Welcome to my ignore list.

 

[wxytrader]

1-You said S/R don't exist. I proved that statement wrong.
2-Pick any of my charts that I "labelled wrong" and show the correction. You won't because you can't.
3-Welcome to my ignore list.

Using support and resistance is a rudimentary form of TA for beginner traders.

 

[Reactive Analytics]

Using support and resistance is a rudimentary form of TA for beginner traders.

We traders with over 30 years experience use them quite well. The difference is we know how to objectively define them inside of our trading environments.

 

[schizo]

Using support and resistance is a rudimentary form of TA for beginner traders.

You really sound like a noob now.

 

[themickey]

You really sound like a noob now.

Yup, S/R is a backbone in trading, it's essential.

 

[wxytrader]

Yup, S/R is a backbone in trading, it's essential.

They do not exist...anybody who trades based on r/s is trading based on a misconception.

 

[themickey]

They do not exist...anybody who trades based on r/s is trading based on a misconception.

You make me laugh!
It seems to me you think S/R is all about tying together lines across tops and bottoms.
It's way more than that, there are a large number of different ways to identify different types of s/r.

 

[wxytrader]

You make me laugh!
It seems to me you think S/R is all about tying together lines across tops and bottoms.
It's way more than that, there are a large number of different ways to identify different types of s/r.

R/S is a crude from of TA. What you think is happening isn't actually happening. The green would be your support, but it has no affect on price...price will just blow right through on an extended c.