The Elliott Wave debate

[Trembling Hand]

ROFLMAO


funny place the internet

Yes, it's becoming clear that EW works only on the internet just like Gann. :

 

[ThingyMajiggy]

Re: XAO Analysis

hmm maybe my bear suit will have to be put back in the carboard for now.Need to re-chart again.

Mate, I used to be indecisive too once, but now I'm not so sure. :

 

[nunthewiser]

Re: XAO Analysis

Yes, it's becoming clear that EW works only on the internet just like Gann. :

LOL i refuse to comment any further on the grounds i may upset someone

 

[tech/a]

Re: XAO Analysis

Yes, it's becoming clear that EW works only on the internet just like Gann. :

Its very clear that very few know how to apply E/W.
Even fewer use it in their trading methodology.

Those who cannot apply it obviously cant make it "work".
A few of us dont have such a problem.

 

[motorway]

Re: XAO Analysis

Its very clear that very few know how to apply E/W.
Even fewer use it in their trading methodology.

Those who cannot apply it obviously cant make it "work".
A few of us dont have such a problem.

See it as a straight Jacket

The best opportunities
might well be where the count is totally opague

someone wise once said this

Dramatic price movements tend to unfold from price structures that minimize profitable participation.

You need to be the only -->
one of a few, on this side of the sea saw,,,
it don't go up to any large extent any other way

No matter how much the consensus
if we are all at the same end
ZIP



motorway

 

[Trembling Hand]

Re: XAO Analysis

Its very clear that very few know how to apply E/W.
Even fewer use it in their trading methodology.

Well thats my point Tech. What makes someone create multiple identities to praise their own "analysis" on a forum? Obviously they were getting no love from their trading account. Some have such weak and poor character they have to resort to cyberjerking themselves off.

The real maddening thing about this is all the others that follow in such jokers paths - wasting extremely valuable time and unknown amount of money. SAD!!

Just goes to show the point you were making in this thread,

https://www.aussiestockforums.com/forums/showthread.php?t=15129

Of course he could of been a trading genius just with personality issues, but I doubt it.

 

[Naked shorts]

Re: XAO Analysis

Its very clear that very few know how to apply E/W.
Even fewer use it in their trading methodology.

Those who cannot apply it obviously cant make it "work".
A few of us dont have such a problem.

EW analysis allows me to guess where EW users are placing their stops. Thats the only benefit I see in it.

 

[tech/a]

Re: XAO Analysis

Well thats my point Tech. What makes someone create multiple identities to praise their own "analysis" on a forum? Obviously they were getting no love from their trading account. Some have such weak and poor character they have to resort to cyberjerking themselves off.

Ah someone who understands the "duck"

And as is often the case they grow tired of the tedium and drift off into cyberspace.

Must duck off.

 

[tech/a]

Re: XAO Analysis

EW analysis allows me to guess where EW users are placing their stops. Thats the only benefit I see in it.

In what time frame would that be then?
In what instrument would that also be?
Would you really think "THAT" many people actually use Elliott Wave in YOUR instrument to such an extent they
(1) read the counts the same
(2) all use E/W for stop placement.(Rather stupid if you ask me)
(3) In the Time Frame your trading.
(4) guessing has always been a favorite indicator.About as accurate as most peoples counts.

Silly post.

 

[beerwm]

Re: XAO Analysis

EW needs to just die.

It's only reason for its modern existence is its early development [1930's], if someone in this forum 'discovered' it, they would be branded a guru and shot down.

Rules upon rules designed to curve-fit the occurence that markets move in waves.

The only useful bit of information i can deduce from EW is that markets move in waves/revert to the mean [sometimes] and dont tell me you need a 1930's theorem to understand that.

 

[tech/a]

Re: XAO Analysis

If I'm the only person on the planet that can use it to advantage then so be it.
If anyone wants a chart posted up then just holla.
If not----------not here to convince anyone.

 

[Naked shorts]

Re: XAO Analysis

In what time frame would that be then?
In what instrument would that also be?
Would you really think "THAT" many people actually use Elliott Wave in YOUR instrument to such an extent they
(1) read the counts the same
(2) all use E/W for stop placement.(Rather stupid if you ask me)
(3) In the Time Frame your trading.
(4) guessing has always been a favorite indicator.About as accurate as most peoples counts.

Silly post.

> Eur/Usd
> 1min
1) No
2) No
3) No
4) ??

These points are not something I care about. If at least some people are partially using it to determine their stops, then that should mean at certain points in the price action a mini-stop loss run might occur. So given the possibility that this could occur I look out for cases where it does actually occur to see if my suspicion holds true.

If these SL runs do happen at certain EW points, I don't sit around wondering why people would be so stupid as to use it, I simply laugh and add that to my arsenal of things to expect from the price action and adjust my strategy accordingly.

edit:
p.s. As for XAO analysis, I think we will continue on a slow uptrend as everyone starts to believe we have seen the bottom already (which I must commend TH for picking, his Guru status is well earned)

 

[ThingyMajiggy]

Re: XAO Analysis

If I'm the only person on the planet that can use it to advantage then so be it.
If anyone wants a chart posted up then just holla.
If not----------not here to convince anyone.

Yeah post up a chart tech, I'm interested to see it.

Whats funny, is the fact that the discussion has been the application from the individual applying the analysis has been the flaw, not the actual analysis, yet post after post is having a direct attack at EW, would have thought after discussions lately that attacks should be directed at those using it, not it.

 

[tech/a]

Re: XAO Analysis

> Eur/Usd
> 1min
1) No
2) No
3) No
4) ??

These points are not something I care about. If at least some people are partially using it to determine their stops, then that should mean at certain points in the price action a mini-stop loss run might occur. So given the possibility that this could occur I look out for cases where it does actually occur to see if my suspicion holds true.

If these SL runs do happen at certain EW points, I don't sit around wondering why people would be so stupid as to use it, I simply laugh and add that to my arsenal of things to expect from the price action and adjust my strategy accordingly.

edit:
p.s. As for XAO analysis, I think we will continue on a slow uptrend as everyone starts to believe we have seen the bottom already (which I must commend TH for picking, his Guru status is well earned)

Id love to see a 1 min EUR/USD chart marked up with a wave count!

 

[Naked shorts]

Re: XAO Analysis

Id love to see a 1 min EUR/USD chart marked up with a wave count!

Here.

I dont care too much for the accuracy or the interpretation, just where possible S/R points are.

 

[Boggo]

Re: XAO Analysis

Here.

I dont care too much for the accuracy or the interpretation, just where possible S/R points are.

Difficult to have one of the above without the other though is it not.

The wave 4 was fairly predicable at around 50% (1.4330) to 61.8% (1.4320) retracement once it broke below the start of the wave 5 of wave 3 parallel to where your label A is.

Your 3, 4, 5 and A are probably 1, 2, 3 and 4 of wave 3.

Just my
.

 

[It's Snake Pliskin]

I hate EW.

 

[nunthewiser]

it usually turns into one big massdebate anyways

 

[theasxgorilla]

Re: XAO Analysis

If I'm the only person on the planet that can use it to advantage then so be it.
If anyone wants a chart posted up then just holla.
If not----------not here to convince anyone.

How about broker statements from EW traded account?

 

[GumbyLearner]

Are Elliott's Wave's in anyway more important or significant than Kondratieff's?

Just a question.

Please help me TH, I have no idea about this?????