tech/a
No Ordinary Duck
- Joined
- 14 October 2004
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Good grief!, remind me not to question elliot wave accuracy and "change the story analysis until its right" approach again .
have a lovely day
So..? Up, Down tomorrow..? What do you think..?
LOL but no disrespect nor offence intended
But my take on the elliot wave spruikers and readers of said patterns have the advantage of being able to change the "pivot " points on a daily
basis using new fandango phraseology and numbers quoted until one day they might get it right
I to was a skeptic (so was Tech BTW) years ago
AKA terrorist trading.WayneL said:Also FWIW, there is a lot of wild swings in sentiment at the moment making it very difficult to trade any sort of pattern system in the normal way we're used to (IMO).
I've gone from being a strategist with a big map of the battlefield on a huge table, in a big cigar smoke filled room, pushing little models of armies and battleships around with sticks - to slipping on black clothes, blackening my face and sneaking around the jungle with an AK47 (don't jam up when they get dirty like the stupid m16) and my bayonet in my teeth, making a few raids, slitting a few throats and getting the hell away before "they" know I'm there.
This is guerrilla warfare as far as I'm concerned and the normal rules don't apply.
FWIW on EW
...it's no different to any other type of "pattern" trading. As long as it's used in a prove-disprove(to paraphrase Nick) manner and not as a strict predicting mechanism.
Also FWIW, there is a lot of wild swings in sentiment at the moment making it very difficult to trade any sort of pattern system in the normal way we're used to (IMO).
I've gone from being a strategist with a big map of the battlefield on a huge table, in a big cigar smoke filled room, pushing little models of armies and battleships around with sticks - to slipping on black clothes, blackening my face and sneaking around the jungle with an AK47 (don't jam up when they get dirty like the stupid m16) and my bayonet in my teeth, making a few raids, slitting a few throats and getting the hell away before "they" know I'm there.
This is guerrilla warfare as far as I'm concerned and the normal rules don't apply.
Falls like that make for fairly exhilarating trading as it’s difficult to control risk. If BHP closes 15% lower today what can traders do? Just frantically wave the 2% rule at market?Dunno Tech,
Though gold up a bit, copper and oil took it up the khyber.
BHP down -14.2% on NYSE.
ASIC banned short selling to solve this problem. Looks like they are going to have to ban long sellers now as well.
Actually, l wouldn't mind betting the ASX suffers a strategically placed computer glitch this morning. Who’s going to bet against me? Winner gets a poke in the eye.
So do you buy more when they go down or panic?
Dunno Tech,
Though gold up a bit, copper and oil took it up the khyber.
BHP down -14.2% on NYSE.
Falls like that make for fairly exhilarating trading as it’s difficult to control risk. If BHP closes 15% lower today what can traders do? Just frantically wave the 2% rule at market?
Yeah and I bet you won't be able to get into Comsuck either.
panicSo do you buy more when they go down or panic?
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