Criteria for Picking Winning Stocks and Futures

[MARKETWAVES]

Hi There Richkid .... I just started working on this piece of material in an attempt to help others ..... in this forum.

I FULLY EXPECT TO CATCH HELL FROM SOMEONE READING THIS
That's how you know its good !- you know! .....

I am prepared to do battle, So don't worry -
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These are things that I have accumulated over time that help me so I am just trying to pass them on to others that are willing to listen.
It is not complete yet. Here goes it..... Again I say IT IS NOT FOR EVERYONE ......

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So, here's the bottom line.
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- It doesn't matter what your Wolf wave count is.
- It doesn’t matter what your Elliott wave count is.
- It doesn't matter what your Gartley count is.

All wave counts are Subjective.............

What matters is Price Action.
(and the ability to analyze time)
Tracing out Elliot Waves - Wolf Waves- and Gartleys is
not a competition to see who has the right wave count.

These wave structures mean nothing without applying sound
Risk to Reward principles, which in the long run is the key
to success in the market.

-Please do not confuse Risk to Reward with Money management....
though similar, Money management is a subject on its own.
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The charts by Marketwavez are simply Elliott wave-counts that are believed to be what the given market is tracing out. Wave-counts are highly subjective and definitely not 100 % reliable... Wave-counts also vary from one person to another who may be analyzing the given market and also can vary based on the time frames that are being analyzed.....

 

[wavepicker]

Hi There Richkid .... I just started working on this piece of material in an attempt to help others ..... in this forum.

I FULLY EXPECT TO CATCH HELL FROM SOMEONE READING THIS
That's how you know its good !- you know! .....

I am prepared to do battle, So don't worry -
------------------------------------------------------------------
These are things that I have accumulated over time that help me so I am just trying to pass them on to others that are willing to listen.
It is not complete yet. Here goes it..... Again I say IT IS NOT FOR EVERYONE ......

------------------------------------------------------------------------
So, here's the bottom line.
------------------------------------------------------
- It doesn't matter what your Wolf wave count is.
- It doesn’t matter what your Elliott wave count is.
- It doesn't matter what your Gartley count is.

All wave counts are Subjective.............

What matters is Price Action.
(and the ability to analyze time)
Tracing out Elliot Waves - Wolf Waves- and Gartleys is
not a competition to see who has the right wave count.

These wave structures mean nothing without applying sound
Risk to Reward principles, which in the long run is the key
to success in the market.

-Please do not confuse Risk to Reward with Money management....
though similar, Money management is a subject on its own.
------------------------------------------------------------------------
The charts by Marketwavez are simply Elliott wave-counts that are believed to be what the given market is tracing out. Wave-counts are highly subjective and definitely not 100 % reliable... Wave-counts also vary from one person to another who may be analyzing the given market and also can vary based on the time frames that are being analyzed.....

Marketwavez,

Excellent peice of work. This information based on your experience is great,It is usefull for anybody, no matter how much experience they have.

Always very interesting to hear you insights, well done.

 

[tech/a]

I FULLY EXPECT TO CATCH HELL FROM SOMEONE READING THIS
That's how you know its good !- you know! .....

This is actually a tactic used by some to deflect critisism.
If I have any I will make it constructive. I'll bear your warning in mind when reading book/movie reviews and any pieces I see giving Blackbox methods and property schemes---urrr "hell"--.

IT IS NOT FOR EVERYONE ......

Another tactic I have seen used by many snake oil merchants who I have quizzed and queried at seminars.A method used to avoid questions which often dont have satisfactory answers.

Why not simply allow your trading methodolgy to stand on its own without pre cursory defence.

From your reading.

Note! Most technical Analysis chart patterns typically occur slowly over a 3 months to 4 months time span. Therefore, you should only
seriously use a weekly chart profile setting and at least
one-years worth of weekly time plots. .

Firstly I question the accuracy of failure rates particularly the 0% and 2-5%.
Next frequency.
Are you then suggesting trading in a weekly timeframe.

If not how then can you suggest that weekly patterns will or even could be similar in failure rates and possible average wins to smaller timeframes.
Therefore the initial premise of success rates of patterns cannot be used universally as the rates quoted are only weekly.

I'll read the whole works but these are comments as I find them.

On the plus side I agree re expectancy and R/R.

How do you/how have determined this in your trading---Expectancy?

Finally I love passionate people and their passion comes out as yours does---its contagious.

 

[RichKid]

I can feel the warmth and love already as long as this is constructive and professional then no problemo, thanks for sharing MW, same goes for you too Tech as you've shared heaps along the way. Critiques (as opposed to mere criticism) is always welcome. Let's make this thread a good one.

 

[MARKETWAVES]

You see what I mean about this guy Tech/a ......
He just won't go away ......
Just started this new thread to get away from you Tech/a and your thought process .

How man times must I ask you to Leave my posts alone ?

Tech/a .....PLEASE DO NOT ASK ME ANY QUESTIONS ......
THERE WILL BE NO ANSWRES........

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Just stay out of my posts
Just as ............... I am staying out of your posts

Why can't you simply respect this simple request ?

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You are rude and out of line ,,,
and causing unrest for the viewers in here....

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Again , I ask nicely
Ask me No questions - Just read the post and go on with you life !
Let the others in here ask the questions .

I am staying out of your posts ........ Really I am .....
Why can't you stay out ? Why is this so hard for you ?
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[tech/a]

Why can't you stay out ? Why is this so hard for you ?

Cause I and others I am sure are genuinely interested in your answers.
Or was it your expectation that you would present something and have it accepted without question?

Firstly I question the accuracy of failure rates particularly the 0% and 2-5%.
Next frequency.
Are you then suggesting trading in a weekly timeframe.

If not how then can you suggest that weekly patterns will or even could be similar in failure rates and possible average wins to smaller timeframes.
Therefore the initial premise of success rates of patterns cannot be used universally as the rates quoted are only weekly.

I'll read the whole works but these are comments as I find them.

On the plus side I agree re expectancy and R/R.

How do you/how have determined this in your trading---Expectancy?

Perhaps if you wont answer my questions someone else would ask them for me/us.

Relax its called discussion,you might actually like it.

 

[anon]

Hi There Richkid .... I just started working on this piece of material in an attempt to help others ..... in this forum.

I FULLY EXPECT TO CATCH HELL FROM SOMEONE READING THIS
That's how you know its good !- you know! .....

I am prepared to do battle, So don't worry -
------------------------------------------------------------------
These are things that I have accumulated over time that help me so I am just trying to pass them on to others that are willing to listen......

"I am prepared to do battle, So don't worry -"

Ok., Marketwaves. Do the battle, prove your point and don't give in. Before long I might present something that I've been working on which is different, and I'll be looking for constructive but not neccessarily gentle comments. So don't get put off, set an example.

I find discussions here to be robust, intelligent, thought provoking and at times very frank. There is also occasionally some hostile fire. So what's wrong with all that?

Personally I don't do wave analysis but do have some small interest in the methods. So do the battle, MW. Convince me.

anon