The Power Of Elliot Wave!
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thread: The Power Of Elliot Wave!

  1. #1
    Junior Member rxrcilp's Avatar
    1

    The Power Of Elliot Wave!

    No matter how much I attempt to run off from EW, sooner or later it ches up with me. I have, in the past, attempted to rationalize the markets are unquestionably Random and NO patterns exsist. And also to a large extent I truly believe this is true. But EW just pops up and begins to make sense all over again. I guess that's the human error, understanding which makes EW so unpredictable.
    Whatever the resaon, if you have faith in EW or not, One cannot simply deny The Power of EW.

    So here goes. My input Gold.

  2. #2
    Junior Member Kalganath's Avatar
    1
    Yes you are absolutely perfect. EW is very powerful if you fully understand all patterns as well as TARGETS (!!!!!!!!!!!!!) .

    ... however... your EW count Is Completely wrong

  3. #3
    EW does have a place in technical analysis. However, taking it to the extreme, especially using the convoluted patterns connected with the corrective stage may be disastrous imho.

    KP

  4. #4
    Of course patterns exist. The main question is just whether you can extract value from them over the long term.

  5. #5
    Junior Member valerayparra's Avatar
    20
    kf,

    here is when compared with the Elliott count of Gold from EWI for the previous couple of years.



  6. #6
    EW is quite interesting. Now if EW really works I think the only issue is that market (and life ) is always in a wave within a wave, which is in a wave and so on. Thats why I think at some point nobody can predict every new wave because we dont understand which bigger wave we are in. My explanation could sound weird.

  7. #7
    Junior Member gnomo96's Avatar
    23
    I agree with the writer that it is impossible to escape from the market understanding by the wave patterns, having learned once how to utilize Elliott waves. Perhaps im confused, but the wave theory is fragile enough and it's easy to break it if the rules of analysis are not implemented. It is just like a diamond, that can be solid, but fragile.

  8. #8
    Junior Member vlad96's Avatar
    5
    If Elliot Wave really worked that great, wouldn't everybody using it be a billionaire? Just interested...

  9. #9
    Junior Member skabass's Avatar
    1
    If Elliot Wave really worked that good, wouldn't everybody using this be a billionaire? Just curious....
    And what does work?
    Probably it's something unassailable. This type of question doesn't need a response and can not be rhetorical. Among the most significant forex uncertainty.

  10. #10
    Junior Member zoepaspkr's Avatar
    1
    Regardless of how much I attempt to run away from EW, sooner or later it ches me up. I've, in the past, attempted to rationalize the markets are unquestionably Random and NO patterns exsist. And also to a large extent I genuinely think this is true. But then EW just pops up and begins to make sense all over again. I guess that's the human mistake, understanding that makes EW so unpredictable. Whatever the resaon, whether you have faith in EW or not, One cannot simply deny the ability of EW. So here goes. My input Gold. picture
    Amen to this friend. Subscribed

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