This has got to be one of the most retarded, irresponsible threads ever..... To the new ppl on this site trying to improve their trading skills, DO NOT LISTEN TO THIS GARBAGE ABOUT DEALERS AND GAMBLING Is there a casino forum this thread can be moved to?
Well, he is hiding his scaling and the damn thing does look like a Rorschach Test of some sort but it appears like wave counts ( same same as candle formations ) and an oscillator. All technical studies have inherent limitations. What looks brilliant using one timeframe is of course a complete shit show using another timeframe. Wave count and pattern recognition software is really deceptive to the novice because it changes dynamically with the market. A wave count of "5" that you got last Thursday ( or some hanging Doji or whatever the hell ) will change or might even disappear as subsequent data points get added over the course of time. It always looks better on a chart than it trades for reals. This dynamically and constantly changing charting results also makes legitimate backtesting difficult for the uninformed. Print out daily hard copies each day of an ES chart with an Elliot Wave Program for 20 days in a row ( one at the end of each day's settlement ) and you will see what I mean.
His "proprietary" formulas are just price derivatives (the look to me like variations of moving averages), don't let this guy blow smoke up your ass... It's clear he took the opportunity to pick up where JH, GrandSuperTricycle, Blowinski and the like left off. I know if I were a superstar trader I wouldn't be on these forums posting as much as he does.
My count system isn't a "exact" count system like e-wave and other systems. It just matches the fundamental ones that the market is actually moving on... And you can take advantage of certain high odds alignments in the waveforms. This Tuesday may be the end of a five count, but the momentum readings at the moment say a high odds short swing can't occur until the next count. And yes, the waveforms look the exact same on the 15m, 1h, 1d, etc timeframes... Doesn't matter. They do not look correct on 17m, 37m, etc timeframes... They only match the timeframes which the biggest players are playing this game on. 5m, 15m, 1hr, 1d, 1w, 1m... Etc... These timeframes because of their high use are also in sync with the emotional states of a large number of retail traders.
A lot of the most vocal people in opposition to my threads most likely already know the rules of market movement... And just want to keep them secret from others discovering them. LoL... Your all hopelessly paranoid. The market moves the way it does because a certain number of people know where it's going. It's all a self fulfilling prophecy. When I expect the market to go up for a number of days I don't short anything, and only do long until either the target point in time and price is reached. By following the rules I am supporting the markets movement within the ruleset. All trading is just a self fulfilling prophecy of what the biggest players and pro traders in the market see. What they think is going to happen happens because of how they place their orders and positions.