Say what you want about the Wave...

I remember watching Prechter at the 1987 (Nov.) NCMR Investment Conference in New Orleans basking in the limelight, autographing his book and calling for the end of western civilization. How wrong he was!
 
Originally posted by inandlong
but Elliot, Prechter, et al have not missed it yet.

I have been in this camp long term since 1981, although I have to admit, 10,000 blew me away. I thought we had reached the zenith at 4400.

There are posts of mine here that will attest well before this linked article was printed my thoughts about where my long term TA has us headed.

The article below, even blows that out of the water... as did 10,000!

http://cbs.marketwatch.com/news/story.asp?guid={4DB7BBC8-CA0F-49A3-B5E9-AF20964AD5EA}&siteid=mktw

Good trading and remember....
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So exactly what TRADES have you done based on this guy's predictions?? Nothing else matters.
 
Prechter.. It's time for the old man to admit he's blown all the credibility he had, and to retire at his lake (wait he cant retire unless he keeps selling those tidal wave books!) oops..
 
Originally posted by bone
The real secret to the markets is that there is no secret. Trade correctly and you don't have to know where the market is going.
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Heh,

I thought I was doing this - but I have gone "cold."

nitro
 
Originally posted by marketsurfer
there is one person who truly understands and teaches elliott wave theory. his name is glen nealy. www.neowave.com his book was a major influence on my trading system.

best,

surf:)
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Surf,

Does this book explain how fibs and gann work into EW? (I am only hypothesizing that they do, I am not too clear on this stuff.)

nitro
 
Originally posted by gladiator
Jolly Jack,

What i do is determine wether the current move is an impulse move or corrective, in my time frame(i trade 1 minute NQ and ES).
I then enter on the corrective move, in the direction of the impulse wave. I look at the higher time frame Elliott to get an idea on targets and where i am. Not GPS coordinates, but at least i know what street i'm on.

The key is, once i'm in i either exit at target or reverse my position when an impulse occurs in the opposite direction.(therefore i use large stops(20 pts NQ, 9.25 ES) but these rarely hit.

So i don't really care what the count is, only if wave is impulse or corrective, and target. Been trading E-mini's this way since the day they opened, so can say it works.
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gladiator,

I am a novice at this stuff - is there somewhere I can read about how to tell if we are in an "impule" or a "corrective" move? Is there automated software (In Tradestation or Esignal for example) that "hilites" and identifies the state of a given move _as_it_is_happenning_? Even better, as a callable function?

FWIW, my experience with this stuff is that you only know that you are in one of those moves well after it is established, in which case you either chase, or, wait for a retrace and are now trading against momentum - the "only" remedy to this would seem to take smaller time frame trades based on a higher time frame...

I am not sure I understand this "system" too well so I would not be surprised to learn that I am confused...

nitro
 
Originally posted by inandlong

db... I wonder where you got the idea that I was advising anyone.
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Nowhere. But my curiosity is always aroused when someone's comments have no internal consistency. If name-calling is your response, I have to wonder about the level of your professionalism.

--Db
 
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