Posted by racerick on 12th of Mar 2010 at 01:37 pm
I actually know a little about, but can't say I disagree with
you lately. Seems like the wavists have an answer for everything,
mostly in hindsight. Seem to work a little better on currency than
stocks it seems, but currency markets trend better most times.
Posted by vnathwani on 12th of Mar 2010 at 01:42 pm
Thats EXACTLY what I am referring to for the vast majority of us
traders on this forum and you sum it up well.
There is always an alternative scenario that fits what the
market is done and its that scenario that is shown to the world.
The other 74 scenarios that have cost the average trader are
brushed under the carpet to be forever forgotten about
Posted by racerick on 12th of Mar 2010 at 01:58 pm
It's just like most other indicators, can't rely on just one. It
can help predict certain movements, IF you can figure out what wave
you're really in. And there are certain rules they have that can
help. But leaves itself open for lots of interpetation. LOL, I'm
simple, just give me a trend line.
LOL, why don't you tell us how you really feel
Please....
Posted by racerick on 12th of Mar 2010 at 01:37 pm
I actually know a little about, but can't say I disagree with you lately. Seems like the wavists have an answer for everything, mostly in hindsight. Seem to work a little better on currency than stocks it seems, but currency markets trend better most times.
Thats EXACTLY what I am
Posted by vnathwani on 12th of Mar 2010 at 01:42 pm
Thats EXACTLY what I am referring to for the vast majority of us traders on this forum and you sum it up well.
There is always an alternative scenario that fits what the market is done and its that scenario that is shown to the world. The other 74 scenarios that have cost the average trader are brushed under the carpet to be forever forgotten about
Stick to the basics
EW
Posted by racerick on 12th of Mar 2010 at 01:58 pm
It's just like most other indicators, can't rely on just one. It can help predict certain movements, IF you can figure out what wave you're really in. And there are certain rules they have that can help. But leaves itself open for lots of interpetation. LOL, I'm simple, just give me a trend line.
I'm with you Rick, with
Posted by ditch on 12th of Mar 2010 at 02:05 pm
I'm with you Rick, with Waves you can have a sell on a 5 minute chart that's at the 5 wave while the 30 min. chart is on wave 2.
Trend lines, support and resistance, volumes and Moving Averages for me.