Elliottwave Education - Tools Only!
- Thread starter SLT
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Re: Elliottwave Education
I am a 2 year student of ICT's work & have also studied the elliotwave principal
for the same amount of time, only to use the concept as an additional tool!
Bloomberg Link
http://www.bloomberg.com/video/elliot-wave-principle-predict-fx-price-trends-KK3NNHSISkywiXTqC~O1Jw.html
In this business you need the correct tools to manage your projects, what is the project?
Project Pips!
make em, take em, bag em
Note - i suggest not using elliottwave labeling on your common charts, use a totally separate
platform for EW only, just to get the feel for things, then in time you will be able to just view
the sentiment of the markets from only just looking at the chart
I am a 2 year student of ICT's work & have also studied the elliotwave principal
for the same amount of time, only to use the concept as an additional tool!
Bloomberg Link
http://www.bloomberg.com/video/elliot-wave-principle-predict-fx-price-trends-KK3NNHSISkywiXTqC~O1Jw.html
In this business you need the correct tools to manage your projects, what is the project?
Project Pips!
make em, take em, bag em
Note - i suggest not using elliottwave labeling on your common charts, use a totally separate
platform for EW only, just to get the feel for things, then in time you will be able to just view
the sentiment of the markets from only just looking at the chart
P
Piper
Guest
Re: Elliottwave Education
Not to discourage or anything... But Elliot died pretty much pennyless.. 8)
-P
Not to discourage or anything... But Elliot died pretty much pennyless.. 8)
-P
Re: Elliottwave Education
That's the s**t
Like i have said before, elliottwave is only another tool,
if time of day lines up with Sup & or Res with a nice wave count, then it is game on,
notice the small pocket of clean lines liquidity in this pic to, under green 3 into 4
That's the s**t
Like i have said before, elliottwave is only another tool,
if time of day lines up with Sup & or Res with a nice wave count, then it is game on,
notice the small pocket of clean lines liquidity in this pic to, under green 3 into 4
Attachments
P
Piper
Guest
Re: Elliottwave Education
Have to this disagree.. Better "sh*t"
(appropriate to call your tools this way,even if its a joke?) Not picking on you or anything.. Just to remind you that if you think that you are the best, you are closing your mind from learning new things. And from what i've seen, a lot of guys fall into that trap..
Have to this disagree.. Better "sh*t"
(appropriate to call your tools this way,even if its a joke?) Not picking on you or anything.. Just to remind you that if you think that you are the best, you are closing your mind from learning new things. And from what i've seen, a lot of guys fall into that trap..Attachments
Re: Elliottwave Education
Thanks for the input,
no dramas
http://fxgears.com/forum/index.php/topic,140.msg7341.html#msg7341
Thanks for the input,
no dramas
http://fxgears.com/forum/index.php/topic,140.msg7341.html#msg7341
P
Piper
Guest
Re: Elliottwave Education
Yea... but i got the top tick Factually better s***, no drama.
This is the reason i replied. You got potential mate. Was just an opinion and pointer toward respect the tools that bringing you success. Back in the days i got a big kick in the ass(just a virtual one ) from my mentor,because i referred to my tools in the exact above language. And i'm very thankful for that today.
Yea... but i got the top tick
Factually better s***, no drama.GdayFx said:
This is the reason i replied. You got potential mate. Was just an opinion and pointer toward respect the tools that bringing you success. Back in the days i got a big kick in the ass(just a virtual one
) from my mentor,because i referred to my tools in the exact above language. And i'm very thankful for that today. Re: Elliottwave Education
Here you go Dan, watch the video on this page. Better yet, watch it twice.
http://harmonicelliottwave.blogspot.jp/
As a certified Elliottician from way back I would recommend Ian Copsey over Robert Prechter (and his EWI - even though that's where I trained mainly). I have just come across Copsey and I find him refreshing. He reminds me of Robert Miner, in that he understands forecasting with Elliott and he combines it with sensible technical analysis and real market trader's knowledge.
Here you go Dan, watch the video on this page. Better yet, watch it twice.
http://harmonicelliottwave.blogspot.jp/
As a certified Elliottician from way back I would recommend Ian Copsey over Robert Prechter (and his EWI - even though that's where I trained mainly). I have just come across Copsey and I find him refreshing. He reminds me of Robert Miner, in that he understands forecasting with Elliott and he combines it with sensible technical analysis and real market trader's knowledge.
Re: Elliottwave Education
That's great. There is an important issue that developing traders face. It is the belief that there is a right formula, that includes all the required moving parts, and that if they can find it they will be successful. There is no shortage of people out there who proclaim that they have that formula and they are willing to teach it to you, in most cases for a fee, but sometimes for free.
Many traders, as you know, spend their time and most of their money jumping from one provider to the next, over and over again. Most of the teachers or mentors are clueless and have little or nothing of value to offer. Some do indeed have the goods but most make the mistake of believing their students will only be 'right' if they become carbon copies of themselves so they criticize other providers and become frustrated by any departure from their training. For these people, it must be done their way. This is ultimately not helpful to the developing trader.
The truth is, there is no one right way to trade successfully. There are certainly elements that could be considered essential and some, that would differ between individuals, that could be desirable or nice-to-have. In all cases however, real success depends upon developing an ability to think independently and to devise a way that is entirely individual and works for the trader.
So you are on the right track it seems. Superficially jumping from one approach or method or teacher to the next is a huge mistake. But studying a range, critically identifying what is useful from each and then synthesizing the parts into a unique way of your own is a proven path to success.
Enjoy the journey.
GdayFx said:
That's great. There is an important issue that developing traders face. It is the belief that there is a right formula, that includes all the required moving parts, and that if they can find it they will be successful. There is no shortage of people out there who proclaim that they have that formula and they are willing to teach it to you, in most cases for a fee, but sometimes for free.
Many traders, as you know, spend their time and most of their money jumping from one provider to the next, over and over again. Most of the teachers or mentors are clueless and have little or nothing of value to offer. Some do indeed have the goods but most make the mistake of believing their students will only be 'right' if they become carbon copies of themselves so they criticize other providers and become frustrated by any departure from their training. For these people, it must be done their way. This is ultimately not helpful to the developing trader.
The truth is, there is no one right way to trade successfully. There are certainly elements that could be considered essential and some, that would differ between individuals, that could be desirable or nice-to-have. In all cases however, real success depends upon developing an ability to think independently and to devise a way that is entirely individual and works for the trader.
So you are on the right track it seems. Superficially jumping from one approach or method or teacher to the next is a huge mistake. But studying a range, critically identifying what is useful from each and then synthesizing the parts into a unique way of your own is a proven path to success.
Enjoy the journey.
Re: Elliottwave Education
Thanks J
I totally agree, must be something in the Aussie spirit going on.
I have followed Todd Gordon for some time... do you know of him,
he's not to bad on most subjects, forex, stocks, options & bonds as he kind of looks at
the markets as a whole, then analyses the trends taking place and or looking for "possible" reversal points
AusDoc said:That's great. There is an important issue that developing traders face. It is the belief that there is a right formula, that includes all the required moving parts, and that if they can find it they will be successful. There is no shortage of people out there who proclaim that they have that formula and they are willing to teach it to you, in most cases for a fee, but sometimes for free.
Many traders, as you know, spend their time and most of their money jumping from one provider to the next, over and over again. Most of the teachers or mentors are clueless and have little or nothing of value to offer. Some do indeed have the goods but most make the mistake of believing their students will only be 'right' if they become carbon copies of themselves so they criticize other providers and become frustrated by any departure from their training. For these people, it must be done their way. This is ultimately not helpful to the developing trader.
The truth is, there is no one right way to trade successfully. There are certainly elements that could be considered essential and some, that would differ between individuals, that could be desirable or nice-to-have. In all cases however, real success depends upon developing an ability to think independently and to devise a way that is entirely individual and works for the trader.
So you are on the right track it seems. Superficially jumping from one approach or method or teacher to the next is a huge mistake. But studying a range, critically identifying what is useful from each and then synthesizing the parts into a unique way of your own is a proven path to success.
Enjoy the journey.
Thanks J
I totally agree, must be something in the Aussie spirit going on.
I have followed Todd Gordon for some time... do you know of him,
he's not to bad on most subjects, forex, stocks, options & bonds as he kind of looks at
the markets as a whole, then analyses the trends taking place and or looking for "possible" reversal points
Re: Elliottwave Education
Probably the human spirit at some level, but yeah mate, us Aussies have it alright.
No, I haven't heard of Todd. There are so many people out there in trading. Over the decades some have lasted, some not, but there's always plenty to chose from. That's good in that some suit one person more than another so with some critical sifting and diligent searching some gems can be found. Horses for courses I guess.
GdayFx said:
Probably the human spirit at some level, but yeah mate, us Aussies have it alright.
No, I haven't heard of Todd. There are so many people out there in trading. Over the decades some have lasted, some not, but there's always plenty to chose from. That's good in that some suit one person more than another so with some critical sifting and diligent searching some gems can be found. Horses for courses I guess.
