OK guys/ children, please get back to projective posting.
I get tired of the EW bashing, people bashing, etc.
Just post ideas, analysis, articles, ask questions, but
please get away from the criticism. Drowns out productive
posts, this isn't a Yahoo message board
Matt you need to take a step back and ask why people are
continuously bashing EW rather than not accepting criticism.
Sometimes (as in this case I believe), criticism can be
constructive.
The reason why its mentioned again here
is usually because a newbie to the site and probably
trading has seen EW mentioned in the newsletter. That newbie now
thinks that all he needs to know is how to count 12345, know his
abcs and his xyzs and he has made it. Little does he know about the
EMPERICAL research I have posted on this site before that tracks
the performance of EW Calls. This proves EW itself as being vastly
useless and heavily detrimental to a traders account. Much more so
than any basic indicator. Even a simple crossover works better than
EW and thats a fact. Bloomberg research has evaluated different
indicators and their quality and I have this research somewhere but
I am sure it can be googled. Even they are better than EW
The likes of myself, Freddy and others are a bit wiser however
to EW and its lack of credibility and hence its valuable to point
this out to newbies to ensure they don't take the same path as we
once took with this
Extremely
Worthless way of analysing markets. Its all
hindsight and not a roadmap at all. Why is it not a roadmap? I will
tell you why
Because there is always an alternate scenario up the sleeve.
Please give me the emperical research that proves EW works. I don't
want any alternate bull. Just the main core scenario over a good
length period of time and lets take it from there
So to stop EW bashing, its simple. Take it off the newsletter
and it will probably not be mentioned again.
vimal -- the only way to stop EW bashing is for matt to remove
it from the newsletter?? That's ridiculous. Its
certainly not the focus of anaylsis here. People people don't
have to bash everything they don't agree with. If you don't
agree with it, summon up your objectivity and just ignore
it.
so your conclusion Michael is that we should only post on the
blog if we agree with something? Be interesting to hear if anyone
else agrees with this stance. I would have thought fellow traders
would like to know what works and what doesn't. What the heck is
the point in a blog if research and experiences are not shared? You
are heavily outnumbered here given the feedback from other posters
on the value (or otherwise) of EW.
I value not only people saying hey that worked great but equally
outlining things that don't work.
vimal -- that's not what I said. You were speaking of
"bashing" -- your word not mine. I'm all for reasoned
discourse. People repeatedly mocking EW or saying it sucks is
not sharing research and experiences. And its that mindless
bashing that upsets people and starts off negative
threads. Anyway -- this is the end of it for
me.
bashing...Matts word originally not mine. In any area in life
whether it be work, sport, social, family or other, sharing
experiences good and bad helps nurture and develop oneself. I share
experiences with my children every day both good and bad. If I only
share good experiences with them, then they will not know the good
from the bad and what to avoid as they develop. I would rather they
learn from my bad experiences or emperical research I have (eg
don't eat too many sweets because it messes up your teeth and you
will end up getting diabetes) rather than them find out after the
event and have only a rear view mirror to look at
Maybe this will explain better the value in providing
information both good and bad on not just this forum but in any
walk of life
EW has been right (sort of)...the market is declining in terms
of real money...it's only the FED that's propping stocks up for
now, it will be very ugly when the con-game ends.
show me the stats. Not cherry picked EW Calls but take Prechter
as an example and list out all of his primary calls. Its difficult
to trade from sort ofs
from my side, here are my stats which hopefully helps traders
constructively decide to either use or not use EW. It also begs the
question that if Prechter as an example can't make EW
work.....being as he has an army of people working for him and
lives and breathes it, then what chance does the average investor
have? Not much if any chance at all
OK guys
Posted by matt on 30th of Mar 2011 at 09:48 pm
OK guys/ children, please get back to projective posting. I get tired of the EW bashing, people bashing, etc. Just post ideas, analysis, articles, ask questions, but please get away from the criticism. Drowns out productive posts, this isn't a Yahoo message board
thanks
Title: summary Matt you need to
Posted by vimal on 31st of Mar 2011 at 02:52 am
Matt you need to take a step back and ask why people are continuously bashing EW rather than not accepting criticism. Sometimes (as in this case I believe), criticism can be constructive.
The reason why its mentioned again here is usually because a newbie to the site and probably trading has seen EW mentioned in the newsletter. That newbie now thinks that all he needs to know is how to count 12345, know his abcs and his xyzs and he has made it. Little does he know about the EMPERICAL research I have posted on this site before that tracks the performance of EW Calls. This proves EW itself as being vastly useless and heavily detrimental to a traders account. Much more so than any basic indicator. Even a simple crossover works better than EW and thats a fact. Bloomberg research has evaluated different indicators and their quality and I have this research somewhere but I am sure it can be googled. Even they are better than EW
The likes of myself, Freddy and others are a bit wiser however to EW and its lack of credibility and hence its valuable to point this out to newbies to ensure they don't take the same path as we once took with this Extremely Worthless way of analysing markets. Its all hindsight and not a roadmap at all. Why is it not a roadmap? I will tell you why
Because there is always an alternate scenario up the sleeve. Please give me the emperical research that proves EW works. I don't want any alternate bull. Just the main core scenario over a good length period of time and lets take it from there
So to stop EW bashing, its simple. Take it off the newsletter and it will probably not be mentioned again.
vimal -- the only way
Posted by Michael on 31st of Mar 2011 at 09:20 am
vimal -- the only way to stop EW bashing is for matt to remove it from the newsletter?? That's ridiculous. Its certainly not the focus of anaylsis here. People people don't have to bash everything they don't agree with. If you don't agree with it, summon up your objectivity and just ignore it.
Title: summary so your conclusion Michael
Posted by vimal on 31st of Mar 2011 at 09:26 am
so your conclusion Michael is that we should only post on the blog if we agree with something? Be interesting to hear if anyone else agrees with this stance. I would have thought fellow traders would like to know what works and what doesn't. What the heck is the point in a blog if research and experiences are not shared? You are heavily outnumbered here given the feedback from other posters on the value (or otherwise) of EW.
I value not only people saying hey that worked great but equally outlining things that don't work.
vimal -- that's not what
Posted by Michael on 31st of Mar 2011 at 09:30 am
vimal -- that's not what I said. You were speaking of "bashing" -- your word not mine. I'm all for reasoned discourse. People repeatedly mocking EW or saying it sucks is not sharing research and experiences. And its that mindless bashing that upsets people and starts off negative threads. Anyway -- this is the end of it for me.
bashing...Matts word originally not mine.
Posted by vimal on 31st of Mar 2011 at 10:44 am
bashing...Matts word originally not mine. In any area in life whether it be work, sport, social, family or other, sharing experiences good and bad helps nurture and develop oneself. I share experiences with my children every day both good and bad. If I only share good experiences with them, then they will not know the good from the bad and what to avoid as they develop. I would rather they learn from my bad experiences or emperical research I have (eg don't eat too many sweets because it messes up your teeth and you will end up getting diabetes) rather than them find out after the event and have only a rear view mirror to look at
Maybe this will explain better the value in providing information both good and bad on not just this forum but in any walk of life
OK Guys point taken -
Posted by steve on 31st of Mar 2011 at 10:48 am
OK Guys point taken - let's get back to trading. Further, my advice is to simply utilize what works for you.
EW has been right (sort
Posted by jtverr on 31st of Mar 2011 at 09:23 am
EW has been right (sort of)...the market is declining in terms of real money...it's only the FED that's propping stocks up for now, it will be very ugly when the con-game ends.
Title: stats show me the stats.
Posted by vimal on 31st of Mar 2011 at 09:45 am
show me the stats. Not cherry picked EW Calls but take Prechter as an example and list out all of his primary calls. Its difficult to trade from sort ofs
from my side, here are my stats which hopefully helps traders constructively decide to either use or not use EW. It also begs the question that if Prechter as an example can't make EW work.....being as he has an army of people working for him and lives and breathes it, then what chance does the average investor have? Not much if any chance at all
http://www.erictyson.com/articles/20090616
thanks Matt
Posted by hazbin1 on 30th of Mar 2011 at 10:06 pm
having an 'adult' in the room with all the kiddies is a prime example of how well you will do as a Dad.
bashing (destructive criticism) really detracts from the value of this website.