Quote from Agassi:
Hello surf,
You may not know me, but I have been reading your journal since 2002...
I don't know much about your system but I do know that you are a big fan of Glenn's elliott wave book and you have modified a little to create your own system.
Just curious about your thoughts on Euro? I am subscribing to Elliott wave and according to Prechter, Euro is supposed to go down. But the Economic data gives me a contrary picture (like today's housing market data which pushed the euro to the upside).
How would you make a decision? I have too many indicators, too many charts, too much of research and finally i am unable to make a decision. I think that I am just gambling and not trading. Any ways, at what point do you make a decision as to whether it is trading or simply gambling?
If you follow the Euro, would like to know your thoughts/analysis. Would like to see how your brain works. Thanks in advance.
Hi Agassi,
I believe we corresponded in the past several times. Nice to see you back!
I am a proponent of Neely, as far as Elliott goes. I believe he has, by far, the most succinct and valid method of interpreting the wave.
My opinion is to stay flat right now. When your getting conflicting signals, thoughts--trading is akin to gambling.
However, if i was forced to choose a direction, I would fade precter, going long the EURO. hope this helps.
regards,
surf