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Watch that Nanex HFT video as it will explain why if you have used EW for a while you have seen it breakdown.57chevy wrote:
IMO few things are more dangerous than using Elliott Waves as one's primary tool for trading decisions, but they merit a slot on the tool belt. I believe the market does tend to move in identifiable Elliott Wave patterns, but that doesn't mean it's got much predictive power.
You betcha Walshie.SWalsh wrote:
Nice chart...does it come in a down version?
Yes it is insightful if you understand it. You can follow all the charts in the world and it won't tell you a thing about tomorrow. I find it laughable when i read these forums and people talking about HFT and everything else they know absolutely nothing about. Or the folks that look at sometime like the TRIN and its magic predictive power. LOL! The majority of the high school drop outs here with their disillusions of day trading for a live have zero clue as to how these indicators are even calculated. The EMA of the EMA of the EMA. That is laughable.BullBear52x wrote:Yes, nice what an insightful.waverider wrote:Wow! thanks!thanos wrote:Sure is alot of people guessing at what the market will do. Why not try and understand what it has done and mark a point to either exit or enter. Here is mine - long since Dec 20 and stay long until 1330 is broken with a loss of upward momentum. Very simple.
Good luck.
Now to me, the upside down chart looks like a perfect channel to turn violently up from inside of. So flipping it around, it's just a matter of time. But what time?57chevy wrote:You betcha Walshie.SWalsh wrote:
Nice chart...does it come in a down version?
The issue that remains fascinating is that the still believed to be hegemonic powers are coming to one decision and one decision only: who eats the default?xfradnex wrote:I guess I like OH 8 or 1352 (like 4 or 1248) for tomorrow, with no bad/good news; with good news I will take OH +14.5 . For OL I will take -4 or 1340 (on bad news -10, on real bad news -15). I guessed the low correctly yesterday with a bit of luck. I think the Greece finance solution hanging over our heads limited volatility somewhat today limiting upside.
thanos wrote:Yes it is insightful if you understand it. You can follow all the charts in the world and it won't tell you a thing about tomorrow. I find it laughable when i read these forums and people talking about HFT and everything else they know absolutely nothing about. Or the folks that look at sometime like the TRIN and its magic predictive power. LOL! The majority of the high school drop outs here with their disillusions of day trading for a live have zero clue as to how these indicators are even calculated. The EMA of the EMA of the EMA. That is laughable.BullBear52x wrote:Yes, nice what an insightful.waverider wrote:Wow! thanks!thanos wrote:Sure is alot of people guessing at what the market will do. Why not try and understand what it has done and mark a point to either exit or enter. Here is mine - long since Dec 20 and stay long until 1330 is broken with a loss of upward momentum. Very simple.
Good luck.
But yes you and waverider (who i believe went short on Friday probably based on 'gut feeling') laugh when i provide something so simple. Good luck to you and your TRIN! LOL!
Don't try to debate me. You will be sliced and diced as you are a rank amateur of marginal intellect.thanos wrote:Yes the sore losers alway doubt the winners. Sorry to have offended you mr high IQ or should I call you the trading Jesus with you trying to help the masses like you do. Enjoy your HFT videos (you do know that HFT is an acronym right?)