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When I first started trading, I had no idea where to start in using elliot
waves. However since then I have adapted a very simplistic form that I use
that has worked out very well for me. I try not to get caught up in which
wave is which, but I look at the waves that are forming and make my trades
accordingly. And this is on the basic assumption that you have 3 moves up
and 2 moves back..thats it, when I time my trades into this cycle, it seems
to put me in the correct swing of things. You'll notice that by going in
this manner, youll tend to be on the right swing even if your trade is not
perfect. yes there are ways of using EW to its utmost perfection, but I
think this is much to much information for me to use to trade. if im on the
5th wave going into resistance, im shorting....but putting myself into this
swing I tend to increase the odds and probabilities of my trades
Troy
wallst@xxxxxxxx
----- Original Message -----
From: "DH" <catapult@xxxxxxxxxxxxxx>
To: "Realtraders" <realtraders@xxxxxxxxxxx>
Sent: Friday, November 03, 2000 1:24 PM
Subject: [RT] Elliot Waves
> I don't use EW myself. Too subjective for my taste. But it seems to work
> well for some people. So, the engineer in me wanted to see if there is
> any logical explanation for the phenomenon. Here's what I came up with.
> The gif shows a combination of
>
> A trendline
> A sine wave
> Another sine wave with 1/4 the period and 1/2 the amplitude.
>
> The top graph shows the combo and the bottom one shows the individual
> components. I have no idea if this is what is going on. Judge for
> yourself. If it is the mechanism, I suppose one could look at EW as a
> crude form of spectral analysis. Works better for me than some of the
> other voodoo explanations I've heard. :-)
>
> --
> Dennis
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
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