The Elliott Wave debate

[nunthewiser]

how did you go with your KAR trade ?

re CSR i am actually looking at it as a support bounce trade from here with a nice low% loss on stoploss point IF support is broken

 

[Nick Radge]

Out yesterday with some slippage. The stop was at $10.60.

 

[nunthewiser]

cool ........ well done

thx for sharing

 

[Ato]

I dont have anything amazing to add to this thread, so apologies out the way first.

That said, I've been reading this thread (and others on EW) and am finding it quite fascinating as a newbie to trading.

I've picked up your book, Nick, Adaptive Analysis and am hoping to get stuck into it this weekend while in Tokyo. It's nice to see some of your live trades here in this thread, and the information that you post is really helpful to understanding trading.

 

[Chris45]

Those interested in EW might be interested in this free "Ultimate Technical Analysis" eBook:
http://gainesville.elliottwave.com/t/80840/2477907/6608/0/

Free membership required to download.

 

[Nick Radge]

Out on the open for a < 1R loss. Next trade....

 

[Boggo]

A concise 52 page freebie that covers the basics of EW, Fibonacci, trendlines, indicators and stops available here...

http://www.elliottwave.com/club/ultimate-technical-analysis-handbook/default.aspx?code=36028

 

[Nick Radge]

FWIW, BOQ activated a week or so ago and popped higher today. Stop now moved to $11.20.

 

[doctorj]

FWIW, BOQ activated a week or so ago and popped higher today. Stop now moved to $11.20.

Pictures are pretty, but in isolation of very little value. Have the elliot-driven trades you've physically taken been net profitable over the past 12-18 months?

 

[Sean K]

Since the EW'ers have been kind enough to put their live trading calls up, using EW, I'm taken the time to collate them to see how they go.

 

[tech/a]

Kenna's MCR correct.
Another for your list
AOE.

 

[doctorj]

Since the EW'ers have been kind enough to put their live trading calls up, using EW, I'm taken the time to collate them to see how they go.

Good idea kennas. I can't think of a better way to give the hyperbole and emotion that's all too common with EW some real substance. It'll be interesting to see who continues to post their calls now they know they'll be tracked.

I hope EW is proven to work.

 

[tech/a]

Good idea kennas. I can't think of a better way to give the hyperbole and emotion that's all too common with EW some real substance. It'll be interesting to see who continues to post their calls now they know they'll be tracked.

I hope EW is proven to work.

Its a trading setup.
Like all analysis has a beginning middle and end.
But its not about the analysis although most everyone I know thinks it is.
Watch Radge carefully---you'll learn more from what you dont hear him say!
Cryptic I know but after 15 yrs thats where most of my best info has come from--I urge you all to let the man do his thing and watch BOTH success and failure--- then learn from BOTH

Currently we are seeing trades based on wave 4 setups---to possible wave 5
There are many others like hopping on Wave 3s. Elliotts NOT about picking tops and bottoms but more about "Where a trade is at in its life" in my view anyway
If intersted I can add a couple more as they come up to the mix.

Radge is a far better exponent of E/W than myself I just add mine to the mix.
May well see the difference in result from Pro to apprentice.

 

[Sean K]

Added AOE tech.

Thanks for contributing to this, I'm happy just to record the results and learn.

 

[swm79]

you'll learn more from what you dont hear him say!... thats where most of my best info has come from

hahahaha.... no disrespect; i listen to Nick and REALLY respect him. I also agree (somehow ) with you tech and have learnt a lot from you guys about EW.... but that has got to be the quote of the century!!!

 

[Kryzz]

updated chart for ALL (up >3% atm)

 

[It's Snake Pliskin]

I have been interstate and not watching this thread.

CSR looking poor. As stated in an earlier post, this method of trading dictates that any upside should be immediate and have no pause. Whenever price stalls one should take defensive action and its clear that CSR is not intending to follow through.

BOQ has triggered but am not on it.

I am watching AMP in the coming week and will post a chart when the setup is in order.

LLC also looking interesting but may need a little more time.

Did you get on AMP Nick? It seems to have punched up a bit yesterday and today.

 

[Sean K]

Did you get on AMP Nick? It seems to have punched up a bit yesterday and today.

Yeah, would be nice to get an update from a pro trader on this one. Looking forward to another chart.

There's a few things happening with AMP and I've been in it since the higher low and break through very long term downtrend. That inverse H&S and break through 5.50 was a pretty good signal too.

I assume from an EW perspective you are trading a potential W5 from here.

 

[Nick Radge]

No. It didn't meet my criteria. It was a good Wolfe Wave trade though.

 

[It's Snake Pliskin]

No. It didn't meet my criteria. It was a good Wolfe Wave trade though.

Not to mention a 2 leg down setup after a protracted move.
Also an abc down move which is part of ew?