The reason that he's never seen it used successfully is because he doesn't do any trading. He spends all of his time on message boards and blogs trying to find an "easy" way to approach the markets and technical analysis and more often than not spends his day in the "Politics & Religion" forum generating web "activity" for ET while his wife wears the pants and goes off to work every morning to pay the bills. Here's a suggestion: Do your own due-diligence and don't be so lazy trying to figure out what works for you, and what doesn't. If you are looking for a quick and easy way to make money, or the "Holy Grail" you won't be finding it here.
And therein lies the key point. It is only ONE tool in the technical tool box to use. Not the ONLY one.
That's what you say about everyone. Which reminds me, you conveniently overlooked this a while back. Hilarious, coming from a guy who posts more than twice as often I do and YOU are the one constantly referring to bloggers. Not me. Not to mention you saying you're going vacate P&R... but just can't leave. ET? Entertainment tonight? Extraterrestrial? For a guy who just started a whole thread on a spelling issue. This sure makes you look stupid. http://www.elitetrader.com/vb/showthread.php?threadid=173509 Besides what do you know about EW, you have to ask someone else anyway. http://www.elitetrader.com/vb/showthread.php?s=&threadid=101387&perpage=6&pagenumber=1340 And here you conveying your confidence in EW. Landis82 = Ego giant...Mental Midget.
What hasn't gone overlooked to everyone here on ET is how you continue to go to GREAT lengths to follow me around ET like a little lovelorn puppy dog. Still can't get yourself to put me on IGNORE, eh? Are you that insecure? How flattering.
I can and I have put you on ignore, I just don't have anyone on ignore now. Now is that the best evasion tactic you can come up with?
Poor Lucrum. More "fuzzy" logic from the girl without a brain... Is the electric shock-treatment no longer working very well for you at Bellevue?
Come on guys, must every thread devolve in to a 3rd grade name calling match. Who cares what anyone says about either one of you (its the internet). I'd rather learn something useful than read 2 pages of ppl making fun of each other.