shadowninja
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I don't think it's so much that they are scams, but they are just teaching you what you can learn on Traderpedia above. I've seen DVD recordings of a couple of them and read reviews. It's largely tech analysis and they do the obligatory 20 minutes on discipline. You need to find a decent mentor who can cultivate your skills.
shadowninja
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Link, please?
OK. Thanks. Do you know anything about Dick Diamond's 4 day course? I saw that from elliotwave.com. Is there anyway to buy the DVDs? I think that should be cheaper than the live course.
Thanks! I did some google search and found that. It is really simple. I think I would try out with a demo account!
I just read it and I think there is still some vague part.
To confirm a meaningful up trend, how many higher high/ lower low pair do we need to see?
To confirm a meaningful up trend, how many higher high/ lower low pair do we need to see?
UKtradergirl
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Not sure about how it would work in this strategy, i haven't read the thread, but, if there is a good trend there it is very obvious to the eye without any indicators (i.e. chart moving gradually upwards/downwards). (by the way i think you mean 'higher high/higher low')?
You can also use moving averages to help you see the direction of the trend.
For some people's purposes i suppose a trend could mean just two bars, one higher than the other.
So, it all depends really. For me, i draw support and resistance lines. If the lines are sloping up its an uptrend, if they are sloping down its a downtrend. If they are horizontal it's congestion. But these are just my definitions and one must bear in mind that trends exist within trends within trends. Line up as many trends as you can in all time frames and you've got a good thing. But well, i'm getting a bit complicated now... i suppose just concentrate on identifying one trend first
.p.s. for anyone who wants it the thread is here: Forums - AHG - Profitable Strategy for Struggling Traders
Thanks! Well, I think if you just see a few bars to say it is a trend, it may be just consolidation. I think life would be much easier if we could identify trends from consolidations. But how can we do that?
Not sure about how it would work in this strategy, i haven't read the thread, but, if there is a good trend there it is very obvious to the eye without any indicators (i.e. chart moving gradually upwards/downwards). (by the way i think you mean 'higher high/higher low')?
You can also use moving averages to help you see the direction of the trend.
For some people's purposes i suppose a trend could mean just two bars, one higher than the other.
So, it all depends really. For me, i draw support and resistance lines. If the lines are sloping up its an uptrend, if they are sloping down its a downtrend. If they are horizontal it's congestion. But these are just my definitions and one must bear in mind that trends exist within trends within trends. Line up as many trends as you can in all time frames and you've got a good thing. But well, i'm getting a bit complicated now... i suppose just concentrate on identifying one trend first
p.s. for anyone who wants it the thread is here: Forums - AHG - Profitable Strategy for Struggling Traders
For example, in Elliot wave of A-B-C down trend, suppose the internal structure of wave B is again a-b-c, then at the end of wave B you would identify the trend as up, so you are looking to buy. Then wave C comes down, and you bought against that wave.
Any way, I have decided to give it a try. I will run a demo account for 6 months and see how it goes.
But I still don't quite understand how he picks the entry and exit points. It looks like his entry point is almost perfect. Almost always at the bottom/top of a retracement. So how is that done?
But I still don't quite understand how he picks the entry and exit points. It looks like his entry point is almost perfect. Almost always at the bottom/top of a retracement. So how is that done?
KillPhil08
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Don't learn elliot wave, read the first steps forum.
And "shadowninjas" signature.
And "shadowninjas" signature.
£10kLoser
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Maybe he only shows the winning trades? Maybe he puts his trades in later? For $4,000 many people will simply lie...
Why are you assuming this guy is genuine? We don't know but it is unlikely.
Yeah I start from the first one. But there are over 1058 pages so it would really take some time to finish.
Do you think the following is better:
If trend is medium, then buy at 50% pull back.
If trend is strong and the retracement is far less than 50%, then buy at breakout of last top.
Do you think the following is better:
If trend is medium, then buy at 50% pull back.
If trend is strong and the retracement is far less than 50%, then buy at breakout of last top.
I would like to say a big thank you! I am carefully reading serveral pages per day with that thread, and I think I have really learned a lot!
I used to be a fan of Gann, but now I think Gann made money possibly through the same way, without any price-time forecasts.:cheesy:
Gann talked about price and trend in his books as well. But almost everyone was lost in his mysterious forecasting materials.
I used to be a fan of Gann, but now I think Gann made money possibly through the same way, without any price-time forecasts.:cheesy:
Gann talked about price and trend in his books as well. But almost everyone was lost in his mysterious forecasting materials.
