Nonsense. Price moves moving averages. Which obviously means moving averages do not move price. Stick with price movement not an illusion of price movement.
How I use it, got a few spare months at least, to listen? Price, time, pattern, momentum. Look on YouTube for free Robert Miner videos. He updates, for free, a few of the major symbols weekly/bi-weekly and many of the vids are instructional as well.
I have lots of time. The question is are you willing to spend the time to try and explain it? I think it was Peter Lynch that said you have to be able to explain it simply enough that a 5th grader can understand it and quick enough that a 5th grader won't get bored. I'll check out the videos although I don't spend a lot of time on YouTube.
This is his most recent (free one, he does a subscription service as well):- GOLD and S&P UPDATES (4/12/24) See what you think of it and come back to me.
Initial impression was lots of probable and probably. Not much discussion of EW. Not too different from what I'm doing now. Buy stocks that are going up. Sell when they stop going up. Don't hold losers in the portfolio. Been mostly selling this week
Can't help then. Seems you want the quick and easy - tell you what to do. Learning is not quick and not easy. You should know that by now.
I'm just trying to figure out if EW is a tool that I can make use of. No one seems to be able to explain how they use it. WXY is waiting for a retrace or a double retrace and then he'll average down on a losing position until who knows. And yes I like quick and easy. Not so much tell me what to do but the process you use to see if that particular toll has a place in my toolbox. Here is the problem I have. The process is to trade wave 3 after wave 2 has retraced 50% of wave 1. The problem is if wave 4 trades into wave 1 then wave 3 is invalid. Like all indicators it seem to me that price dictates where the indicator moves, not the other way around.
Start with the premise, observed by myself and many others far smarter, that an observable wave count is present about 50% of the time in all symbols in all markets. Still want to learn how to use it? And if so next forget anything wxy-confused says (I now do completely, as I put him on ignore). But really if you want to learn Miner's YT videos are the best source I know.
basically a coin flip. Thanks I will spend a little time on this and then come back and see if you'll tell me how you use it. Or at least propose how I would use it and get your feedback.
The pi cycle isn’t what intrigued me. It’s the long saucer pattern that has appeared after the previous halvings. A couple members here have said the whole time that the after halving increase wouldn’t be immediate, but with the ETF’s coming in I wanted to be ready for a much faster move up. And now we have the added complication of the war in the Middle East turning into something bigger.