The Elliott Wave debate

[Nick Radge]

EW being the ducks guts. And there are many that think it is here.

No method is the be all end all method. Anyone who suggests so is simply arrogant.

What would be interesting is that I make 100 trades using EW and Dilernia makes 100 trades using his technique. Side by side. Unfortunately its not going to happen...

 

[nunthewiser]

A lot of irony in this post.



Firstly, I started a practical Elliott Wave trading thread to do exactly as TH has asked. I was happy to sit there and post the trades ahead of time for as long as it took to prove its validity as a trading tool. However it was shot down in flames before the first setup was even triggered. So I'm kind of wondering why it is you guys want it so badly on the one hand yet won't allow it to occur on the other.

.

my posts in that thread u started were of the same nature as now

i pointed out that the trade example you gave was a hindsight entry as the stock had already moved at least a few days before you posted it in ASF

i have no doubts on your trading ability but sure am getting bored with all this hindsight validation of ppls techniques

have a nice day

 

[nunthewiser]

well ..

after evaluating the posts in this thread i have come to this conclusion

as no one in ASF is willing to show OR has shown EW used as a live trading tool , only a hindsight trading tool ........

i draw this conclusion

Elliot Wave makes a great discussion tool but is not used as a live trading tool

thankyou all for your participation

 

[Sean K]

well ..

after evaluating the posts in this thread i have come to this conclusion

as no one in ASF is willing to show OR has shown EW used as a live trading tool , only a hindsight trading tool ........

i draw this conclusion

Elliot Wave makes a great discussion tool but is not used as a live trading tool

thankyou all for your participation

I agree, but it has been seen to be a tool used in conjunction with many other tools which may be useful.

By itself, it's probably as good as H&S formations.

 

[tech/a]

my posts in that thread u started were of the same nature as now

i pointed out that the trade example you gave was a hindsight entry as the stock had already moved at least a few days before you posted it in ASF

i have no doubts on your trading ability but sure am getting bored with all this hindsight validation of ppls techniques

have a nice day

Nun.

Clearly you dont have any concept of how to trade.
Of course a trade will set up before a trade is taken.
There may well be some days of trading in our proposed direction before we take the trade and on exit some days against us before we exit.

Why on earth cant those who want to see trading using Elliott keep quiet for a few weeks to let those who are taking the time to demonstrate the trading principal---do their thing.
Quality posters cant be bothered with all the rubbish. So they just cease to contribute.--- they dont have to.

Proof to you NUN is exact tops and exact bottoms nothing less.

There's no analysis on the planet that will get you that.
I'm interested in how you trade then NUN.
Or dont you actually trade.
You to Kenna's-- whats your method which clearly has no hindsite?
Or you dont trade as well?

Proof to most everyone who has an interest in profitable trading is application of analysis--any analysis which returns consistent profit.


If I was Radge AGAIN I wouldnt waste my time.

 

[Sean K]

You to Kenna's-- whats your method which clearly has no hindsite?
Or you dont trade as well?

My trades and stock investments are in my ASF blog. All as live as possible.

 

[tech/a]

Question is whats your method?

 

[nunthewiser]

Nun.

Clearly you dont have any concept of how to trade.

LOL clearly , i forgot you was the only real trader here . lol you crack me up

Of course a trade will set up before a trade is taken.
There may well be some days of trading in our proposed direction before we take the trade and on exit some days against us before we exit.

Why on earth cant those who want to see trading using Elliott keep quiet for a few weeks to let those who are taking the time to demonstrate the trading principal---do their thing.

thats great tech but my argument IS that it seems HERE on ASF those using EW INCLUDING nicks thread that ppl tend to only add the trade AND entrys in hindsight . CBA trade for example as posted in his thread , the entry was posted WAY after the price had moved in the favourable direction , now thats well and good saying it was posted in "the chartist "live but it wasnt posted here live so hence my ORIGINAL post to him in that thread

Proof to you NUN is exact tops and exact bottoms nothing less.

no im asking for proof as a LIVE trading tool , not a hindsight trading tool as you guys seeem to like posting

I'm interested in how you trade then NUN.

my trades , entrys/exits /reasons /strategies are dotted all over these pages , i cant help it if you dont take the time to read them .

Or dont you actually trade.

you are the only real trader here

Proof to most everyone who has an interest in profitable trading is application of analysis--any analysis which returns consistent profit.

but the only profitable trading i see here from you real traders is in hindsight , so please forgive me for pointing out that i think EW is a great discussion tool but not a trading tool . i am yet to be convinced otherwise as it seems no one wants to prove me wrong , all i get told is to subscribe to the "chartist" to see ... sorry guys but we are at ASF just in case you didnt notice and the question/request is posted HERE

If I was Radge AGAIN I wouldnt waste my time.

well thats his call

 

[Sean K]

Question is whats your method?

Discretionary Fundamental Technical Analysis.

You have probably missed all my posts on stock analysis tech because it's not your cuppa. Picking fundamentally undervalued stocks and creaming them seems to not be your thing. See YT for a lesson there.

And as far as TA goes, S&R and trend is all that matters, imo. The rest is a distraction.

Buying and selling into stocks based on TA that you have a fundamental understanding of seems to be OK for me.

 

[nunthewiser]

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

any of you EW traders up for it ?

im not here to PERSONALLY give you a hard time , i am merely intrested to see its validity as a LIVE trading tool instead of a hindsight trading tool as is all i see here

also i couldnt give a flyin floozie if the calls right or wrong . i KNOW myself no one is accurate 100% of the time . im wrong as much as im right , there will be NO heckling regarding the direction of your calls .

merely intrested to see it live NOT after as usual

thats all i asked


it seems its easier to argue with me over it rather than actually supply evidence EW is used as a LIVE trading tool

as you were and thankyou for confirming my thoughts

i have no more comments here for now

 

[tech/a]

Discretionary Fundamental Technical Analysis.

And you reckon Elliott Wave is ambiguous.

Ive looked at your Blog.
many comments like
I sold out of 1/3rd of XYZ---LAST WEEK
Bought more of ZXY-----LAST WEEK.
Thats as close as possible to live?? Acceptable to you?

Nun.

I would reckon that Radge and myself could supply countless trading statements to amuse your small mind for hrs showing realtime trades which are/were profitable.
Supplimented with a chart showing how it all panned out.
Both winners and losers.--Net profitable.

If you want to pay for that privilage then front up.
If not shut up and let a few trades run their course.

Its a waste of time the only people interested are you and Kenna's.
All we are doing is talking to people who like arguement.

Back to work.

 

[nunthewiser]

?

Nun.

I would reckon that Radge and myself could supply countless trading statements to amuse your small mind for hrs showing realtime trades which are/were profitable.
Supplimented with a chart showing how it all panned out.
Both winners and losers.--Net profitable.

If you want to pay for that privilage then front up.
If not shut up and let a few trades run their course.

Its a waste of time the only people interested are you and Kenna's.
All we are doing is talking to people who like arguement.

Back to work.

settle down tech/a .no need for insults .

i couldnt care less about trading statements AS some have been proven in the past to be mere fabrications ....... live trades tell alll , right or wrong

why would i pay for another site when the question/request is asked HERE at ASF ?

and yes i noticed everytime EW is questioned here it brings on hostile response and argumentive attacks by those that preach it

have a great day

 

[Sean K]

And you reckon Elliott Wave is ambiguous.

Ive looked at your Blog.
many comments like
I sold out of 1/3rd of XYZ---LAST WEEK
Bought more of ZXY-----LAST WEEK.
Thats as close as possible to live?? Acceptable to you?

I agree, it's less than useful recently for anyone wanting to use it as a trading method, which it is not, and was never intended to be. I don't claim to have a 'system' for anyone. It's just an ongoing list of buys and sells and comments for anyone interested. At one point it was live, but it's hard from Peru. I'm sure you understand that. Your 'system' is on another forum, so I never got to experience it. Shame.

 

[Timmy]

See it as a straight Jacket

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

EW ... its too restrictive.

I think these are two interesting comments (basically saying the same thing). Not that EW doesn't work, but that it is too limiting and restrictive?

 

[satanoperca]

Just learning EW to add to my trading tool collective. Find it fascinating along with FIB numbers. Nicks book and his subscription have made it easier to understand as his comments are current. Without this I would have given up. Understanding it and applying it do not necessarily go hand in hand.

To the question of whether it is not a live trading tool then give those that use it to trade with give some insight with some live trades so that those of us that do not understand it are given a chance to do so.

It does not need to denigrate into a questions of who has the biggest one, leave that for the footy field and keep the discussion of EW.

Cheers

 

[lasty]

Every sunken ship has a chartroom and HMAS ELLIOTT is no different.

The major decision with every chartist is at what point do they abandon ship when taking on water.
Most FIB's or EW'ers tend to listen to the band playing on deck alot longer than others who havent hung around to see the inevitable.

If it works for you do it.

 

[tech/a]

Every sunken ship has a chartroom and HMAS ELLIOTT is no different.

The major decision with every chartist is at what point do they abandon ship when taking on water.
Most FIB's or EW'ers tend to listen to the band playing on deck alot longer than others who havent hung around to see the inevitable.

If it works for you do it.

I think thats fair enough and says it all.
Those that can will.
Those that cant will join the majority.

I've wasted too much time on this thread.

 

[Trembling Hand]

The major decision with every chartist is at what point do they abandon ship when taking on water.
Most FIB's or EW'ers tend to listen to the band playing on deck alot longer than others who havent hung around to see the inevitable.

Hahahahahahaha!

Nice one.

and with that I think I will jump on board my 4000th post life raft and paddle off in search of bigger more rewarding wars to fight.

Anyone wont to work in a prop shop in Honkers?? TA traders need not apply :

grazie e arrivederci

or maybe that should be 再见

 

[nunthewiser]

IF thats a goodbye TH

thankyou for all input and trading knowledge donated here over the time

and yeah seems that your original thread starter post was correct after all

take care

 

[wayneL]

TH:

不是颤抖的手。 不要让蠢货让您担心。

All:

The big question is whether EW improves trading beyond other simpler pattern analysis... or even other forms of TA.

I've said it before, I think some correctives are great patterns to trade. If I see them I'll trade them, but why bother spending all the time labelling?

IMO EW is a useful map of the market... but does it predict likely outcomes?

No more than any other pattern/fib/whatever method IMO. I trade *some* of the patterns because I've been trained in them and therefore see them quite easily. But one thing I refuse to do is force a count on something... actually I refuse to even label it... what for?

It's one method, it's a crutch, just like all T/A. Nothing wrong with that, we all need a "logic" to enter and exit. But success depends on how the trader creates the boundaries around the analysis, i.e. the entries and exits.

A good EW trader would be a good tiddly winks trader. It still depends on the trader to make it turn a profit.