there's versions on Trading View on Elliot Wave indicators like
that, one of them I have is called Elliot Wave Absolute, it's okay,
But I don't use it to make decisions, more just fun to look at once
in a while
but guys, view them out of curiosity, I won't put too much
energy into them. Focus on price action, patterns, and a few
indicators that you might use.
the guys who are always looking for that next holy grail
indicator never settle on something and master it, and thus end up
never making any money.
plus if you think about - there's nothing magical about those
programs trying to generate EW signals. They use technical
indicators to try and have it guess what the pattern is - which
will never ever be as good as you doing it yourself. It's just like
those programs that try to identify stock patterns like coils,
flags, inverse H&S patterns - they will find some of them, and
they will miss identifying tons of them, miss them all together
etc. Those EW programs I've looked at, they all constantly change
their counts as well - ha kind of like a lot of Elliot Wavers
do
there's versions on Trading View
This is from a fellow trader I follow. I've used ...
Posted by matt on 22nd of Sep 2022 at 03:51 pm
there's versions on Trading View on Elliot Wave indicators like that, one of them I have is called Elliot Wave Absolute, it's okay, But I don't use it to make decisions, more just fun to look at once in a while
but guys, view them out of curiosity, I won't put too much energy into them. Focus on price action, patterns, and a few indicators that you might use.
the guys who are always looking for that next holy grail indicator never settle on something and master it, and thus end up never making any money.
plus if you think about - there's nothing magical about those programs trying to generate EW signals. They use technical indicators to try and have it guess what the pattern is - which will never ever be as good as you doing it yourself. It's just like those programs that try to identify stock patterns like coils, flags, inverse H&S patterns - they will find some of them, and they will miss identifying tons of them, miss them all together etc. Those EW programs I've looked at, they all constantly change their counts as well - ha kind of like a lot of Elliot Wavers do
A funny thing about those
Posted by brophy on 22nd of Sep 2022 at 04:04 pm
A funny thing about those auto Elliot Waves. They always work. Until you put money behind them.
Posted by timebandit on 22nd of Sep 2022 at 04:14 pm
Posted by DigiNomad on 22nd of Sep 2022 at 03:52 pm