LOL nun
We all know your endless requests for live entries/exits by other members is so you can piggyback those trades:
NO free lunch for you!! jk
T/H what exactly do you want to see?
Do you want to see a string of trades with the entry and exits based purely on the wave counts.
Youd have to include fib as they determine likely target areas.
Set the parameters.
No No. I have no doubt that most can get a static chart from the past and make it conform to a set of many different principles. Just like someone overlaying an indicator and getting it 100% correct. It happens often here.Ah, so it's not about whether EW is valid as a principle TH? Hmmm, the impression I have from you and many others in various threads is that it isn't valid.
Oh but I have. And that's where my doubts come from. This thread started from wavepicker having to cyberjerk his own "analysis". I cannot see why someone who has the market confirming their greatness with real $$$$'s would need to delude themselves like thatSo the real question your asking is if it's a valid trading tool? It seems that you haven't looked hard enough, as there's plenty of evidence that it is.
Sounds like a "hindsight" theory to me. If it is so reliable, why didn't it predict the comming of the global crisis? If it is so reliable how does hedge fund shorting of "over leveraged" stocks during the sell down slip under their radar?
!
The reality is, if enough people believe in it, there will be buys or sells at the appropriate point by the believers making it a self fulfilling prophesy. The believers must have become disbelievers, eh
For those who think EW or Gann will give them an edge ' try it !
Both are a crock of sh*t , just ask any two EW Guru's to come up with the same count
As for Tech supporting it , the guy has depth as a trader anyway , maybe skewing it somehow with his real skills ?
Just read the book & it sure has the stimulus factor!
I'll read it again as there is much to take in, the books integrity shines through
as Nick talks you through some of his own trades ( most refreshing to see ).
One question: How will this technique go with spec stocks?
A most interesting read, Well done.
Isn't EW just another reason to enter the market?what you do after is what counts, ie trade management, i've seen quite a few trades on the chartist setups based on EW, the ones that do run far outweigh the losers, the residual being profit obviously
anyways all biitchin aside
how about some LIVE trades posted using your methods of EW in a live trading situation .NOT after and telling us you did it . i mean as you take the trade or asap after and showing your thoughts on the count ,stops, exits etcetcetce
if its too much work thats fine........i dont post charts as i find it too much hassle so do understand .happy to provide entrys and exits as they happen as usual tho
Obviously its taken nearly four years to work out that it doesn't work on speccies Bobby, you are correct
Has your view of Nick's book also changed or have you got one these thingy's that TH has got or is looking for
any of you EW traders up for it ?
any of you EW traders up for it ?
Yet it is also you that preaches Dilernia's stuff as useful, yet
the irony is that its exactly the same; a set of complex patterns from
which to source some reliability and make trades. They are one and the
same whether you like it or not
They have tens of thousands who sign up year after year. For these people to sign up they must be getting something
Only god knows how you test the validity of EW.
Well the so called debate actually didn't start with me. I was just the sucker that happened to be on top of the list of post pulled out from the XAO thread into this one when we were all laughing our ar$es off at WavePicker finally getting booted out for creating about 8 different personalities praising his own work.TH, I have no idea what started this so called debate and what WP said to get up your goat.
Not true. I happily preach Franks work and yours because they seem to have the basis of good trading in them. Frame works for right- keep riding, wrong - get out and try again. With Franks stuff I like it because its unique and I find work thats grow from current observations valid. His work also has some of the same observation that I have come to see independently before I even knew his methods(which by the way I actually don't know much of), the stuff about S/R moving forward as time does, rotation back from 5 day moves and the complete lack of Overbought/Oversold crap etc.However, I will say that Elliott Wave is a set of patterns, some complex, some not, from which to base trades and analysis. Yet it is also you that preaches Dilernia's stuff as useful, yet the irony is that its exactly the same; a set of complex patterns from which to source some reliability and make trades. They are one and the same whether you like it or not so apart from your own bias I'm unsure why you're happy to kicking one on the floor and riding the other? Unfortunately an argument for complexities of one being less than the other doesn't cut it - there is independent proof out there on that so it can be fully qualified.
See that's the interesting bit for me and really the crux of my point (if I have one). That's where my curiosity/scepticism comes from about EW being the ducks guts. And there are many that think it is here. I reckon I could trade for a while based on just a bar chart with signals only from a RSI. But I don't. Because its too restrictive. When you are restricted to the rules you are forced to use them.I have no interest in selling Elliott Wave. Only a small part of The Chartist is Elliott Wave. I post my positions each and every day - currently all 70 of them - from three portfolios none of which are based on EW.
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