"......you can take the bitch out of the ghetto, but you just can't take the bitch out of the ghetto"
Michael Jai White from Thick as Thieves
while transactions abound and therefor human interaction abounds we cannot say, with exclusion, of all, or any other probabilities, that we see a confirmative wave pattern....... life and price comes at us at a variable speed, constantly, we are left with a consistency of likelihood of price movement.......even if it were true that a wave structure was truly a confirmative wave then it would be momentary, fleeting, until it changes and therefor rendered useless to me........whether a trader has invented a wave idea that is confirmative ......it is not as Elliott uncovered, in my opinion, however, he does clearly show from so long ago, that, because all degrees are operating at all times, what dominates must be defined but cannot be set in stone until the price is printed and becomes hindsight.......this print (still) in my opinion is, thus, a history of (future) probability and nothing more.......outside of Elliott work there maybe an invented "edge" but it remains adjunct to the origin, both in concept and in practice..........this is my position........may only define my edge not anyone elses..........therefor, I propose; as we cannot trade hindsight prices we look to them to assist in dismissing what is most likely to NOT (now) occurr......
I have heard that 10 different Elliotticians, given a chart, may come to 10 different conclusions.......so what! I only care about my own opinion, about my account, my own well being.......this is the beauty of Elliott as his work embraces all stances and we are unable to be seperated from the market becasue we must all eventually agree on one simple thing; price............he asks us to see and think clearly with distinction.......however, this thread is about Elliotts work he assists us to define immediate price action, present and operating price action.......the body of work is enough without dillusion.........I have seen some very good expansion and extrapolation on his work and have witnessed some horrendous employ and publishing that makes me reach for the puke-bag........I only ask for a level playing field as so many are quick to say that "Elliott doesn't work" again, not that I care much........but the market brings enough challenges without having all the womble stuff outside which is also the reason that the good Elliott traders rarely speak out.........I surely would like to speak to traders who can articulate what stops others from "seeing" wave structures but the truth is that the same answers recur over and over which is the exact driving force that is seen via Elliott.......2 years ago I spoke to an options educator and he confided in me that almost 95% of his students would fail even though he also had the 5 % of students with exactly the same knowledge who would go onto become wealthy........
Think of Elliotts work like this; an umbrella works great in the rain unless you hold it upside down.........most poeple come to his work on paper and then attempt to apply to the markets without dealing with their own propensity first....."but it can't be me"........
........bingo......like circular breathing.......
J
