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j2ee

Registered: Aug 2012
Posts: 361

04-21-13 06:19 AM

Quote from toolazy:

Sure EW works well. However, do not use price & volume as the only input. Consider
sentiment - moon cycle
news
planetary alignments
earth magnetic fields

as filter.

Then out of 100 EW you eliminate 90 and remainder works like a charm

You subjectively "think"/"consider" it works, no prove.

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toolazy

Registered: Apr 2013
Posts: 88

04-21-13 07:12 AM

Quote from j2ee:

You subjectively "think"/"consider" it works, no prove.

sorry, should be more precise - wave direction and reversals can be predicted in general, regardless of EW theory. EW = suburban legend.

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j2ee

Registered: Aug 2012
Posts: 361

04-21-13 01:35 PM

Quote from toolazy:

sorry, should be more precise - wave direction and reversals can be predicted in general, regardless of EW theory. EW = suburban legend.

again, You subjectively "think"/"consider" it works, no prove.

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toolazy

Registered: Apr 2013
Posts: 88

04-21-13 01:56 PM

Quote from j2ee:

again, You subjectively "think"/"consider" it works, no prove.

cant prove, except forward test. impossible to backtest sentiment, planetary alignments, news, etc...

wet dream of quants to create backtested mechanical system based on past price/volume that works like a charm is dangerous fantasy.

temporary inefficiencies are gone and actually reverse once enough traders figures out.

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