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I second Earls opinion on Miners book (he recommended it to me in the first
place). It is excellent and the wave applications are very well done and
thought out.
I have always used Elliott but my approach has always been... if its not an
obvious count, I can't use it. If it requires an x or double or anything
beyond the basic 3 and 5 wave pattern... Im not interested. If I can't
look at the chart and say... ummmm 1, 2, 3, 4, 5.... waves are in
proportion, time in wave looks about right... then I just can't trade with
it. But, when the wave is there and it is obvious... it can be a heck of
valuable tool. Ive read dozens of Elliott books over the last 15 years and
as far as I can recall Miner is about the first guy to admit that countable
waves just don't show up.
I thought this book one of the best 4 or 5 Ive ever come across. Miners
practicality is wonderful. His approach is tradable in the real world and
if nothing else his side comments (apart from Elliott)hold a lot of trading
wisdom. I am usually happy to learn one or two new things from any given
book... I learned a ton from this one.
Stewart.
At 06:20 AM 5/25/99 -0600, Earl Adamy wrote:
>Let me say that I wasn't interested in Elliott Wave when I picked up Miner's
>DT - I was primarily interested in Miner's Fib time techniques. I'd already
>been exposed ad nauseum to the zillions of EW complexities and conditionals
>as well as the pollution of various lists by those who were convinced of
>righteousness of their EW interpretations. I also owned some EW software
>which I'd found to be rather useless.
>
>Miner's approach to EW is clear, concise, and practical and includes the
>sage advice that EW provides clear information only 50% of the time so don't
>trade the markets when the pattern is not clear. The pattern of impulse and
>correction is an important part of understanding markets - Edwards McGee
>began their 600+ page classic with a dissertation. I have found application
>of Miner's EW techniques have improved my trading immensely and wish that I
>had found them many years ago. I purchased DiNapoli's Fib workshop over a
>decade ago and learned a great deal, however I found even more useful
>information packed into Miner's Dynamic Trading techniques. The DT book can
>be purchased for $100 with a MBG at http://www.dynamictraders.com. and
>DiNapoli's book is discounted at barnesandnoble for around $110.
>
>Earl
>
>----- Original Message -----
>From: Stewart Taylor <staylor@xxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Sent: Tuesday, May 25, 1999 5:21 AM
>Subject: Re: GEN: Fibonacci (seeking knowledge on)
>
>
>>
>> There is chapter in "Technical Analysis of the Futures Markets" by John
>> Murphy devoted to Fibo.
>>
>> "Trading With DiNapoli Levels" by Joe DiNapoli is very good with a general
>> overview of practical applications and lot of other great ideas in it.
>>
>> Robert Minors Dynamic Trader is also excellent with a great trading plan.
>> Most of the plan centers around Elliott so if you aren't interested in
>> learning Elliott it's probably not the right book for you.
>>
>> Tony Plummer "Psychology of Technical Analysis" is excellent and has a
>very
>> nice Fibo section.
>>
>> If you are looking at a general overview and want to do it on the cheap,
>> the Murphy book has a good general overview of most technical methods and
>> the Fibo section does a good job of covering the basic subject.
>>
>> For anyone else interested in markets, there is a huge amount of value in
>> these four books.
>>
>> Stewart
>>
>> At 11:44 AM 5/25/99 +0100, Jonathan Stewart Dempster wrote:
>> >Group, can anyone reccomend a web address and any books or have any
>> >info to send ,that will give a basic overview of the concepts of
>fibonacci.
>> >
>> >Thanks in Advance J.S.D
>> >
>> >
>> Stewart Taylor
>> Taylor Fixed Income Outlook
>> Voice: 501-219-9774
>> Fax: 501-228-0963
>> E-Mail: staylor@xxxxxxx
>> Web Site: http://www.cei.net/~staylor/
>
>
Stewart Taylor
Taylor Fixed Income Outlook
Voice: 501-219-9774
Fax: 501-228-0963
E-Mail: staylor@xxxxxxx
Web Site: http://www.cei.net/~staylor/
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