Practical use of Elliott Wave analysis

I also agree that this is and has been a very educational and enjoyable thread.
It is a shame that this thread is going down a familiar path and turning hostile.

No problem will carry on regardless.
You'll have to put up without me though end of May to Mid July.
Off to Europe and play time.

Chris, go back and read the blog properly and the individual stock threads at the time.

Chris45 said:

I have learned much from your posts and I only wish I had discovered you and ASF a couple of years earlier. This post still sticks in my memory as one of the most remarkable on this forum

Click to expand...

I think you should study that chart again Chris.

Definition of hostility to an EW'er?

Questioning EW....

No more questions.

For notting from RED thread.
I have two lots of software that automatically project target areas from current pattern based on the guidelines below (bold text being the ideal and most likely).
It can be done with any software that has Fibonacci projection ability.

Boggo said:

For notting from RED thread.
I have two lots of software that automatically project target areas from current pattern based on the guidelines below (bold text being the ideal and most likely).
It can be done with any software that has Fibonacci projection ability.

Click to expand...

Thanks Boggo.

In the Jul/Aug YTE magazine there is an article on "Elliott Wave Forex Trading." by Peter Mathers of Trading Lounge.

I will quote a few lines..
Using Fibonacci retracements and extensions can be very accurate - or not, so its also a technical analysis guideline.
However, if used with Elliott Wave, Fibonacci will start to strengthen your analysis....

... Trading levels can be a tool to strengthen your trading. They are unique in that they integrate Elliott Wave and Fibonacci and include trading psychology.
Trading levels offer exact price points to operate from, which is the most valuable element of all....

.... Trading levels are price points used as support for entry and to strengthen the point of entry when using Elliott Wave. Trading levels are used as target price points at which to exit, because we can expect that other traders
will be thinking of certain numbers and taking profit. The number '1' is the strongest number in the market, followed by 5.

To fully understand, the complete article needs to be read.
I use the Waves(5) suggested by Miner in his book(High Probability Trading Strategies), together with Fibonacci education from "Fibonacci Trading"
by Boroden.

cheers joea