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I think you make two valid points: know how to do the counts yourself and be
able to control/apply your own counts when you don't like the automated
counts. I highly recommend the simplified EW approach used by Robert Miner
in his Dynamic Trader book ($100 with full money back guarantee at
www.dynamictraders.com) ... I don't use the DT3 software. I'm not familiar
with EW3 (I did have WinWaves and didn't care for it), however AGet which I
use, allows one to control counts to a limited degree (short term,
aggressive, regular, long term, plus localize) ... as a last resort I just
turn the EW counts off and apply my own labels.
Earl
----- Original Message -----
From: "wavemechanic" <wd78@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 10, 2002 9:28 AM
Subject: Re: [RT] Re: forecasting-track record
----- Original Message -----
From: Karen Beckwith
To: realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, July 10, 2002 10:16 AM
Subject: Re: [RT] Re: forecasting-track record
Jeff:
Looking for a holy grail? Have u ever looked into the EW3 (Elliott Wave)
software? I can't find anyone who uses it, but it sounds awfully good.
Anyone here familiar w/ EW3?
I have not used EWII but did use the previous version WinWaves, and EWII
is supposed to have a better analysis engine. However, a couple of
thoughts. What is the correct count? There are many counts and in the last
analysis the only one that is right is yours. So being able to do your own
count is important, and the software is a tool to increase your efficiency
and, perhaps, help you over the rough spots. Having said that, one
important feature that I would be sure to have is the ability to input my
count and see how it plays. Most EW programs do not have this option, but
if I recall correctly ELWave does. FWIW.
best wishes,
karen
ps - May the force be with you.
:>)
:>)
----- Original Message -----
From: "jeff97_98_1998" <jprroth@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, July 07, 2002 9:50 AM
Subject: [RT] Re: forecasting-track record
>
> "If one tries to fight these forces they will be destroyed. If one
> can unite and redirect these forces to
> ones advantage, one should be able to progress quite swiftly."
>
>
> Sounds like a re-run of Kung Fu.
> Grasshopper, my son, be of unity with the universe.
> Now catch this fly in my soup.
>
> Please enlighten me, how does one unite and redirect these forces to
> ones advantage?
>
> How do I redirect a drought in the midwest, terrorist attack crashing
> the S & P , lumber import regulations vs. canadian exports?
>
> Fundamentals, schmundamentals, blah, blah.
>
> I have the force, the unity, the polarity...
>
> Beam me up Scotty, for I have discovered how markets
> work, yet I waste my time trolling for fish.
> Why is that?
>
>
>
>
>
>
>
> --- In realtraders@xxxx, "Norman Winski" <nwinski@xxxx> wrote:
> > Reinar,
> >
> > From one sailor to another, when one's sailboat hits a sand bar,
> that's
> > called running a ground and that's not a good thing.
> >
> > I know it's time for me to take a vacation. Your sailing metaphor
> is
> > starting to make sense to me.<G> Seriously, I agree that sailing
> is a good
> > analogy for trading, but not for the reasons you have stated. I
> think
> > sailing is a good analogy for trading because in order to be
> successful, one
> > must join with the huge natural forces at work. If one tries to
> fight these
> > forces they will be destroyed. If one can unite and redirect these
> forces to
> > ones advantage, one should be able to progress quite swiftly.
> >
> > Gann fans - the ideal position to attain maximum speed is to have
> the sail
> > at a 45 degree angle to the wind.
> >
> > Nautically,
> >
> > Norman
> >
> >
> >
> > ----- Original Message -----
> > From: "reinar2020" <reinar2020@xxxx>
> > To: <realtraders@xxxx>
> > Sent: Sunday, July 07, 2002 12:33 AM
> > Subject: Re: [RT] forecasting-track record
> >
> >
> > > Elk
> > >
> > > Not only will I continue to use sailing as a metaphor but I will
> > > expand the use. There are several reasons. Selling to "the
> traders"
> > > market is too limiting and more imortant.... If you can think
> like a
> > > sailor you can think like a profitable trader......
> > >
> > >
> > > If you have ever been sailing you would know that it is kind of a
> > > zen like experience where you have a very specific focus. All the
> BS
> > > that is provided by the media etc is gone.
> > >
> > > There are other advantages. Any monkey can draw an Andrews line
> and
> > > if you read his totally incomplete "free" 60 page lit.... at any
> > > time there are at least 20 or so that come in tomorrow. So which
> > > ones do you use? Rather than take the standard approach of here
> are
> > > the lines .....let get overwhelmed with stuff that is useless.....
> > >
> > > I will focus upon about 3 kinds of sand bars and a marker.
> > > I did something similar in Vienna seminars and the sucess rate of
> > > the students over a long time period was very high.
> > >
> > > Focus upon the chicken ( the end result.. you really want ) not on
> > > the eggs.
> > >
> > > We look for 4 things...
> > >
> > > 1) sand bars (support and resistance lines) where prices stop for
> a
> > > bar or 2 and then go through
> > >
> > > 2) sand bars where prices go through and then go back to it to
> touch
> > > it before continuing in the proper direction
> > >
> > > (the above are very handy for adding on positions or getting in
> with
> > > definable risk....the other side of the sand bar line)
> > >
> > > 3) and finally sand bars that are likely to produce a tradeable
> > > pivot ....like i pointed out on thursday in an email I sent out.
> > >
> > > 4) and then how to find markers (probable future pivot points)
> > >
> > > Now instead of learning how to draw all of those silly lines you
> > > learned how to draw lines that produced the above .......wouldn't
> > > Andrews really work .....and very easily at that?
> > >
> > > Oh by the way did you ever learn what the Andrews "ROS" line was?
> > > Hint....its a sand bar.
> > >
> > >
> > > Regards
> > > R
> > >
> > >
> > >
> > > --- In realtraders@xxxx, Infernal Elk <infernalelk@xxxx> wrote:
> > > >
> > > > >> John either you are blind or you faded the forecast.
> > > > >> ...or does north mean go short to you?
> > > >
> > > > >> R
> > > >
> > > > maybe if you spoke in market terms rather than cryptic pseudo-
> > > poetic
> > > > "nautical" terms, people would understand you.
> > > >
> > > > if your desire is to communicate, then do so CLEARLY. if your
> > > desire
> > > > is to tease and to draw people in to buy your product you'll do
> > > better
> > > > to speak clearly as well.
> > > >
> > > > we're not sailors. we're traders.
> > > >
> > > > - *lk
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to
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>
>
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