This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Sunday, 23 November 2014
This is Daneric's orthodox EW chart,as far as I know pretty much in line with EWI (Prechter)
Are these guys finally going to be right after years of failed top calls ?
I doubt it.. Too many possibilities and every turn. 50/50 still better odds. That said, I use EW in terms of Corrective and Impulsive recognition. This is a lot better way to use the system. But counting waves is much harder than even EWI thinks... or Daneric for that matter. But you can't convince them of that.
well I think all the money printing (on a scale never seen before after all) has screwed up a lot of TA....a lot of Gann setups that have good track records have also failed
I doubt it.. Too many possibilities and every turn. 50/50 still better odds. That said, I use EW in terms of Corrective and Impulsive recognition. This is a lot better way to use the system. But counting waves is much harder than even EWI thinks... or Daneric for that matter. But you can't convince them of that.
ReplyDeletewell I think all the money printing (on a scale never seen before after all) has screwed up a lot of TA....a lot of Gann setups that have good track records have also failed
ReplyDelete