The Elliott Wave debate

[nulla nulla]

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

Hhhmmmm.....Is that an...Elliot Wave..goodbye?

 

[Nick Radge]

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

Yes. Agree.

 

[nunthewiser]

POSTED BY OZWAVE GUY in another thread

To be brutally honest, you've inserted your repetitive arguments into everyone one of those 300 threads. You've made your thoughts clear on EW, so now let the folks who enjoy the analysis get something from it.

If you want to ask rational questions, search the 300 threads for an answer, if you can't find it feel free or PM the author or post a sensible question.

i have asked many question re EW in lots of threads YES , thats true

the reason why i ask these questions is because NOT once yet have they been answered , i have asked NUMEROUS times to show that EW used as a trading tool, , asked for trades posted live BUT no all i get is hostile replies and more beating around the bush OR hindsight crap that no good for bugga all except the author to try and fluff his feathers

lots of talk about nothing but not willing to post a simple bloody live trade

last post to do with EW as until shown otherwise , basically i reckon you use it mainly to grab a bloody conversation and dribble for a while rather than actually use it to trade .....

my thoughts are concluded , as you were

 

[Boggo]

lots of talk about nothing but not willing to post a simple bloody live trade

From your little exercise on the "Potential Breakout" thread this morning I would stick to trying to master the difficult task of posting a simple chart rather than trying to stuff up a good debate where items associated with EW were being thrashed out.

Try to overcome the chart display task instead of taking cheap shots the genuine efforts of others

Fair go eh nun...

 

[nunthewiser]

the reason why i ask these questions is because NOT once yet have they been answered , i have asked NUMEROUS times to show that EW used as a trading tool, , asked for trades posted live BUT no all i get is hostile replies and more beating around the bush

From your little exercise on the "Potential Breakout" thread this morning I would stick to trying to master the difficult task of posting a simple chart rather than trying to stuff up a good debate where items associated with EW were being thrashed out.

Try to overcome the chart display task instead of taking cheap shots the genuine efforts of others

and there is my point exactly

thanks boggo

as you were

 

[ThingyMajiggy]

I would like to see a live trade also, if anyone has the time to post one up.

 

[Bobby]

I would like to see a live trade also, if anyone has the time to post one up.

Sam ,
You will never see a live EW trade from the zealots unfortunately

 

[Kryzz]

Aristocrat setup would have been triggered today, i know this may look like a hindsight trade, but i have delayed data as i dont have a data feed to amibroker yet so this is the chart i saw and the setup i saw just 5 minutes ago, 1 bar/traders trick entry used. (Yes this is a paper trade in case anyone was gonna jump on me bout that).

Wave 1 or A completed, a-b-c correction followed = trading opportunity

Not trying to 'defend' ew, just enjoy looking/learning about different trading methodologies. Breakouts are my preferred method of technical analysis too btw.

cheers

shaun

 

[Nick Radge]

BOQ
Buy on intra day break of $11.26
Place protective stop at $10.25
Initial target $12.50 but will revise in due course according to my trade management rules.

1 trade doesn't make a success story....

This email may contain advice that has been prepared by Reef Capital Coaching ABN 24 092 309 978 (“RCC”) and is general advice and does not take account of your objectives, financial situation or needs. Before acting on this general advice you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.

 

[Nick Radge]

CSR
Buy on intra day break of $2.00
Place a protective stop at $1.85
Take profit at $2.30 or unless stated otherwise.

2 trades don't make a success story...

This email may contain advice that has been prepared by Reef Capital Coaching ABN 24 092 309 978 (“RCC”) and is general advice and does not take account of your objectives, financial situation or needs. Before acting on this general advice you should therefore consider the appropriateness of the advice having regard to your situation. We recommend you obtain financial, legal and taxation advice before making any financial investment decision.

 

[adt100]

What about a 1000 Nick? Sorry couldn't resist!

Thanks for the effort guys am sure there are hundreds of semi lurkers like myself who will and do benefit from seeing how experienced traders go about their work irrespective if anyone agrees with their approaches.

Time given freely should always be appreciated

 

[nunthewiser]

yep thankyou Guys

I follow CSR , good trading stock

 

[explod]

What about a 1000 Nick? Sorry couldn't resist!

Thanks for the effort guys am sure there are hundreds of semi lurkers like myself who will and do benefit from seeing how experienced traders go about their work irrespective if anyone agrees with their approaches.

Time given freely should always be appreciated

Agree wholeheartedly. The community of ASF, particularly the experienced ones like Nick et al., are what makes this site an investor/trader paradise.

And approaches, there are "more angles than a corrugated roof" (an old one)

 

[Nick Radge]

I have even put my finger in to keep an interest...

 

[Frank D]

CSR monthly and Weekly

Thanks for the tip Nick...

I had a look at CSR, fits in with a nice set-up....

September 50% level support @ $1.89 & 3-week low support

above 1.97 on today's open

all it needs now is a daily close above $2.00 and I would model a move towards the September-October targets and 3rd Quarter highs @ $2.41.

I think in the short-term where Friday closes in relation to $2.00 (support 1.96) is what I would like to see (close above)

 

[nunthewiser]

Nick,

thanks for the live trade input

i notice on there that you have entered KAR also ........ this hit my page as a "potential breakout setup" trade today also, im trying to fit a count to its previous action to see if it was an EW based entry ....... i cannot see one from my seat but that doesent really mean much ...

how much in % terms would you base your use of EW when taking on a trade over say 100 trades ?

thankyou in advance

 

[Nick Radge]

No joy with entering BOQ today so we'll keep at it tomorrow.

Long CSR with a weak close. One tip with trading A-B-C pattern is that the move off the low should be clean and sharp. It shouldn't pause. Any stall means a potential failure. We'll run it for another day and assess the close again.

 

[tech/a]

Can I play!
Some AGET Wave 5 Trades

MCR

BOQ was also on the search

These two were the best from tonights search.



The AGET Chart

Click to expand.

 

[Bronte]

opcorn:

 

[Nick Radge]

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.