I'd jumped into Elliott a little bit (got all the books and tapes) and like many of their concepts but I agree with you in keeping things simple and practical. Thanks.
First you get the skill then things get simpler. Could be a natural progression and it probably doesn't go the other way. After a while, making money pretty much comes down to monitoring P, V and executing. Doing wave counts and other stuff just get in the way. That's the place I've come to anyway. But I never know, I could one day stumble across the secret to the universe. Just kidding. I should emphasize executing, executing, executing.
I think there are only a few basic things you need to know. Once you have those down the other stuff just gives you too many options and conflicts with the other things you are looking at. Keep it simple. Brandon
Elder's "Trading for a Living" has a companion workbook. I found both to be very helpful. Interesting thread. Interesting comments. I personally believe the way to develop one's ability to view the market through t/a is to learn as much as you can about everything you can, then begin the process of eliminating that which does not seem to fit. For me, that process eliminated just about everything except for macro vs micro trends from my basic view, but every now and then one of those other elements dramatically JUMPS OUT fairly clearly. Then I use that one for that time. Fwiw. Peace and gtty, Lar