Has Elliot Wave improving your trading better?

Eliot wave is definitely a great indicator, but you got to combine it with other tools. Relying on Eliot wave alone can be detrimental sometimes.

I am never any perfect with wave a,b,c but the rest !!

As seen many post posts on internet and in Forex fourms community its does not seems to be profitable

Elliott Wave Theory is very hard to manage properly.

It is not placing random 1-2-3-4-5-A-B-C on a chart.

It is not breaking rules.

It is applying rules & Guidelines.

It is recognizing patterns with practice.

 

I found a super-teacher, with his daily posts for free, here

http://studyofcycles.blogspot.com/

 

There is a lot to learn if you really wish, and you have to do it from the very beginning.

Edited December 31, 2018 by Minion

Y i like them

1 i know where to exit where to take profit.(That is one thing i like most)

2 Most system fail because they tell you to enter in market but there is no exit strategy.

3 If your Elliott wave are 50 % or less correct you should control risk increase your reward and reduce risk so that after failing 5 trade you are able to attain the balance back on 6th trade.

4 I like to enter when 2nd wave is complete and 3rd wave is about to start some time i get it perfectly some time i loss but again its about money management controlling your risk its not a black box its just make you clear where you can exit and enter.

 

Regards

rocko,

 

Can you post some screenshots of your awesome golf rangefinders and ideas, as to me all Elliot wave added more confusion?

 

I haven't tried it yet, but the exit strategy is really making me consider giving it a shot. Why don't more solutions have that?

Edited July 10, 2023 by Urman

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Sixer

Elliot wave is good in theory an some aspects are very good like corrective structures or so but I use just one part of it...

These three Elliott Wave concepts may improve trader's analysis skills or improve their trade timing, but it is not without its own problems. The theory can be complex to apply, as it isn't always easy isolating the five wave and three wave patterns. The pattern also isn't often present in individual stocks, but rather applies to only heavily traded assets which aren't susceptible to the buying or selling of only a few traders.