Posts by "daveo"

I agree Redstone and my next significant target level on the map is at 1.6052 for a probable reaction.

Catnip, your stuff is all very interesting but show me your trading account. Are you into 6 figure earnings with what you do with analysis ?

Catnip, I been trading EU and GU long for quite some time now. I don't care when they eventually turn because then I will start looking for short plays. I don't have to try be a hero and catch the absolute high or low candle and my stops take care of open positions.

My 5935 symmetry level for GU looks like breaking at last but need to see a more convincing break.

Yes Said, any elliottician will have some invalidated counts and if they say otherwise they are lieing. I am completely happy with my EWA methodology and regard myself a master elliottician. I rate myself somewhat better than Precher and somewhat better than Miner :-) Don't know why we are discussing it here, perhaps I should never have mentioned it as EWA is like a red rag to a bull to many who have been unable to master.

SB, main trouble with EWA is its generally taught very badly. I had a 3 year break from it back in about 2000 and when I came back to it I started using it objectively. ALWAYS look for 3 alternate counts. Never get married to your preferred count and use fibs and symmetry correctly.

I have taught EW in RT trading rooms but not many students can grasp the concept to their benefit and I really don't think we should start discussing the subject here in any great depth. If Ash wants to give an an RT room with audio I could handle it.

I tend to direct newbs to learning sym and fibs first plus classical chart analysis. The EW is the icing on the cake if you can get it about right and have the right attitude. Nothing you fire at me will not be catered for in one of my 3 alternate counts and then if you want we can look at weekly and monthly for the larger perspective.

What really matters is that many of my "levels" play incredibly well regardless of whether I have managed to read the EW count correctly. Current GU position good example and the EG high on Sunday opening another recent example. Symmetry plays well most of the time in all markets. The EW simple ABC corrective is THE most profitable trigger I have ever come across. Bastardised as "zig zag" or "two step" or "butterfly" or whatever but RN. Elliott's work gurus like to make their own and rename.

If you think I am too much into EW you must come visit my rig. MP also plays a large role and I intergrate various things to form clusters of support and resistance. What works for me will not work for you and vice versa !