Do Elliott waves work?
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Thread: Do Elliott waves work?

  1. #1
    Sarccroqwta
    Guest
    Nothing new about this particular subject, most of us know about elliot waves, The theory is quite straightforward but in fact elliot waves are more complex and takes years to master,I am not a elliottician, I see lot of individuals swear by it in precisely the exact same time the majority of the traders give negative opinions about elliot waves, Some say elliot waves do not even exist,So is there anybody who uses elliot waves in their analysis, Is elliot waves working for you? Please share thoughts and your opinions

  2. #2
    cometecstt
    Guest
    Quote Originally Posted by ;
    Nothing new about this subject, most of us know about elliot waves, '' The theory is very simple but in fact elliot waves are more complex and takes years to master,I am not a elliottician, I see lot of individuals swear by it in precisely the same time most of the traders give unwanted feedback about elliot waves, Some state elliot waves don't even exist,So is there anyone who utilizes elliot waves in their own analysis, Is elliot waves working for you? Please share your comments and thoughts Eagleprice
    I feel that EWT exist.
    It is based on many years of learning the construction of market charts. Yes, somewhat subjective, but it's another question.
    The question is, how well each individual broker can ascertain each wave in terms of forecasting the future movement.
    Personally, I'm fairly successfully trading using EWT in combination with oscillators.

  3. #3
    lacykae
    Guest
    Quote Originally Posted by ;
    quote I believe that EWT exist. It is based on years of studying the construction of market charts. Yes subjective, but it's still another question. The question is, how well each person broker can ascertain each wave of forecasting the upcoming motion in terms. Personally, I trading utilizing EWT in combination.
    I concur with you.
    Especially important is that quite often distinct theories in the analysis of nearly conflicting

  4. #4
    irenedsimli
    Guest
    Waves grant insights into the character of markets. If you would like to understand everything about the market, go to the shore. Push and pull your hands together with the waves. Some are larger waves, some are smaller. But should you try to push on the wave out when it is coming in, it'll never happen.

  5. #5
    ActiokCradok
    Guest
    Quote Originally Posted by ;
    quote I do not use elliot waves, '' I do not like elliot waves but I am pretty well edued on this stuff so I just wanted to say what you're trying to accomplish is chased ahead by elliot textbooks so don't go down that street. That will lead to misjudges on the subject.
    My article is my opinion it has nothing to do with you personally. If you'd like to discredit my opinion it's your prerogative. My point is many charts do not create anything resembling Elliot wave patterns.
    Filtering out instruments that aren't exchanged by the masses may be acceptable to you but IMO it only begs the question what qualifies as the masses and how can you possibly know if those necessary masses are actively engaging. It is just. each to their own. .

  6. #6
    zapatayca
    Guest
    From the time you allow for extensions, alterations, trunions and the rest of the super-interpretative, completely artificial constructs which the Elliott wave fans have been forced to come up with (in an effort to explain away all of the glaring and regular contradictions between market reality and their own theories), it seems that there isn't one chart on earth that they can't fit in with their existing preconceptions. But are they making any money from it (apart from maybe by attempting to teach it to other people, and writing books about it )?

  7. #7
    Kasuna
    Guest
    Here is the distinction between trading with Elliot waves and trading, say, pin bars.
    Should you exchange pinbars at resistance or support, you'll have any sort of odds to rely on. They are verifiable
    events on the market that you can back test and corroborate with other traders.

    An elliott wave count is highly subjective and open to interpretation of the trader/analyst. This places you as a trader
    in a really tricky spot. - since there is absolutely no way to the current evaluation of the market as interpreted by yourself. You theoretically could lose 10 from 10 trades.

    That is the real motive Elliott waves aren't so popular. But, it doesn't mean they're not true, or not useful.

    If a trader uses a different program and utilizes his elliott count as context, this could be quite valuable.

  8. #8
    JakeSorrowSmile
    Guest
    Quote Originally Posted by ;
    Nothing new about this particular subject, We all know about elliot waves, The theory is very straightforward but in fact elliot waves are somewhat more complex and takes years to master,I'm not a elliottician, I see lot of individuals swear by it meanwhile in the exact same time most of the traders give unwanted feedback about elliot waves, Some say that elliot waves do not even exist,So is there anyone who uses elliot waves in their own analysis, Is elliot waves working for you? Please share your comments and thoughts Eagleprice
    From my point of view, even in the event that you don't need to get deeper in to Elliot-waves or you also can not and so forth, the basics of Elliot waves can help you recognise when a horrible unhealthy market state is going to unfold. The impulses are very clear, may be observed very easy. The same with all the obvious three waves goes such as triangles when there is a contracting triangle going to complete.

  9. #9
    Anpknius
    Guest
    Quote Originally Posted by ;
    quote I used to exchange based on EW to determine the management of the price. Because of my principal job isn't allowed, I always miss the opportunity trade however, I have stop trading for a month. So I like EA to exchange for me. However, it is not possible since it is a intrie system, to code EW to EA. But I have yet another method myself. If You Would like to understand LIVE EW prediction of SP500, EUR, YEN, Gold and etc.. You might refer to the thread https://www.forexsoutheast.asia/cryp...ysis-tool.html if you would like to know something about EW, this is...
    Thanks for your info, I still learn about EW.

  10. #10
    C3ly
    Guest
    Elliot Wave, like most other analytic tools, is for prediction of price and market directions. Predictions, whether non-scientific remain predictions. It takes careful tracking of forecast accuracy of any tool compared to other tools for its degree to be reliable by traders. Auto trade progr unite the best tried and tested analytic tools to create an alogarithms to get a egies. Yet there is no guarantee against results. .

    Traders who've ordered opposite trades in the peak or trough of Elliot wave, understand it kicks in a bit too early or a bit too late, with dangerous financial consequences. It's worse with a major market drift that never activates the ordered commerce or stop loss tool. It swept through both trades with stop loss in place and people without stop loss in place, when CHF crashed recently.

    Relying solely on resources specific for price motion could be dangerous. Combining price movement and volatility resources is much safer. It is risky to trade against market volatility management. The market forecast tool unites volatility and price action tools in the top segment. This helps traders to see whether momentum, volatility and price are trending in precisely the same way, before placing a transaction. It suggests a exit stage when divergence sets in. Any person who has toyed with intraday options knows that what decides a winning or losing trade is mostly the market volatility, over. So, any tool that can ascertain a synch between price movement and market motion is exactly what you desire. Notice momentum and stochastic are synched from the chart below. ATR or price Oscillator may also be thrown into the mixture, simply to be certain.

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