Yo, rude girl. Who died and made you a monitor. What works for others doesn't have to work for you. Manners sure doesn't.
if your gonna do elliott, there is only one correct way. my good friend glenn neely cracked the code here: http://www.neowave.com/product-book.asp this is the ONLY elliott book worth reading.... highly reccomended. surf
The fifth wave does work. I know that on that wave from my girlfriend she at long last has finally left. I can shut the door and get back to work trading.
I was about to say the exact same thing to YOU! Did Elliott Wave bite you in the ass one day and you have been "bitter" ever since? Sure seems like it.
EW may or may not work for you. The fact that few people are able to successfully use it, makes it all the more appealing. You really have to understand this stuff, and it has to fit with your "world view". Many professionals use this method. PS. Manners count!
Hey Surf, Haven't talked to you in awhile.... you still in the islands ? I worked with Glen for awhile. He has developed a new way of trading in addition to his wave theory ..... calls it his River method. Very interesting .... He's a bright guy ! ............................................................................................. I see Elliotts patterns unfold every day right on schedule. Bang on those Fib numbers.....Arguing against it is a non starter. It's just part of the picture....but trading without having a good understanding of it is very shortsighted. Have a good weekend Ya'll .
rcanfiel the Rancid, still ranting on deaf ears there's a 'reader warning' that accompanies Neely's 'Mastering Elliott Waves' â 'it'll make your head hurt' âElliott Wave Principle : Key to Market Behaviorâ by Frost and Prechter
Fib levels seem to do a decent job of identifying make or break support & resistance in wavy markets. TA is subjective and so results are hard to "prove". The need for rigid rules vs subjective decision making is a function of where you are at as a trader. Fair disclosure - I'm not a full time trader. I'm in the process of returning to trading. I'm currently re-orienting to markets and reviewing the approach I will take to trading. In the past, I've used mostly fib analysis to identify support and resistance areas to help with entries, exits and stops.
Best quote about Elliott, from this TASC review: http://www.prognosis.nl/web2002/elwave/reviews/PRElwave.pdf "Despite all this however, no track record of these recommendations is available, but then, I've never seen one in any other Elliott analysis program, either Hmm, wonder why...