Goldnice - What I know about Elliot waves can be written on a
postage stamp. What makes this the "highest probability"
wave count? How do you calculate probabilities of wave
counts?
a few years I studied Elliot Wave as the panacea for all
trading. What I learned after a while is that there is a
count...then if it doesn't work, there is a rule for that, like the
wave is subdividing etc. Then if that doesn't work there is
an alternative count etc. after a while I realized its quite
the crapshoot, and the rules are just made to fit about anything
that happens but is not great for predicting anything, other than
five waves up is impulsive and ABC's are corrective. If one
could take that away as a lesson...not too bad.
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Goldnice - What I know
Ultra long term Elliott Wave count for the S&P500. Looks ...
Posted by z0ned on 11th of Jun 2020 at 08:19 pm
Goldnice - What I know about Elliot waves can be written on a postage stamp. What makes this the "highest probability" wave count? How do you calculate probabilities of wave counts?
a few years I studied
Posted by erikvik on 11th of Jun 2020 at 08:28 pm
a few years I studied Elliot Wave as the panacea for all trading. What I learned after a while is that there is a count...then if it doesn't work, there is a rule for that, like the wave is subdividing etc. Then if that doesn't work there is an alternative count etc. after a while I realized its quite the crapshoot, and the rules are just made to fit about anything that happens but is not great for predicting anything, other than five waves up is impulsive and ABC's are corrective. If one could take that away as a lesson...not too bad.