ELLIOTT WAVES (Track Record)of TRADES

[yardie]

Marketwavez are you losing it or what bud?

[marketwavez]

Yardie ..... Hi there buddy

I went to another forum last week called.......trade2win.com
and went into trhe forex forums - and they were all trashing Elliott Waves ..... then there was Mason .... Who I like very much to read his thoughts that makes it very clear that he is no believer in Elliott Waves ,,,,,, and then yesterday , Satuarday I went to a seminar and the instructor there wanted $5500 dollars for his course in which I am not against anyone tyring to make a living ..........

But he too, ..... was trashing ELLIOTT WAVES -
HE SAYS THAT HE USED TO USE IT BUT GAVE UP ON IT and then went on to tell a story n about a freind of his in New Zealand that worked for a Bank writing a news letter for a major bank about Elliott Waves .... and when he called his freind that worked at this large BANK ... The guy said he made no money for his clients trading Elliot Waves FOR THE BANK .

HE JUST TOTALLY TRASHED ELLIOTT WAVES ----

SO I DEDCIDED TO MAKE A THREAD TO SHOW WHO EVER GAVE UP ON ELLIOTT WAVES THAT IT IS JUST ANOTHER TRADING METHOD

AND
IT IS NOT CAST IN STONE - IT WILL BE WRONG SOMETIMES ,
YES and most definately-

But it is still a valid trading method and style...
Because nothing is 100% ....... In the End its all about Probabilty !

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[mosad2]

Elliott Wave is the most advanced skill in technical analysis, i have always believed in this, people who ca do it are unique..
it's hard to find a successful elliottician coz it requires a great deal of work before entering a trade...

people run to fibonacci coz it's easier although it's highly integrated into elliott waves! ( Read Glenn Neely's book on elliott waves and u will know this)..
it's even more sophisticated than following lazy indicators that always catchs a trend at its end!

I believe elliott is so perfect if only u can use it the right way and apply it as it should.
No wonder why people give it up, coz they want easy money .

see Ruffen's posts about Elliott and u will know

he caught the EUR/JPY trend even before anyone could even recognize it
I beleive now he is +200 pips profit in a couple of days, trading just this pair!

[marketwavez]

Well said ..... well done -
-we will take a look !
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