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Old 06-30-2008, 08:51 AM
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rrram2 rrram2 is offline
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Join Date: Apr 2008
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Default I dont use Elliott waves

Not how I should, I never really took the time to learn them completely.
I sort of do an elliott wave in my mind when I am looking at charts.
And believe that legs up and down often equal out or cancel out and that the distance of up moves and down moves must equal. So I have high belief in elliott waves even though I dont use them. The theory seems very valid and can often predict reversal points.

Quote:
Originally Posted by Andrewunknown View Post
No, he primarily uses Elliott Wave, but is also heavy on fib retracement and chart patterns. Interesting approach mapping out several paths he believes are contenders for what will occur, then letting price itself cancel those paths that are invalidated, while he creates new potential paths. Even though he has several scenarios on his chart at any one time, he adds comments that usually explain which path he thinks is most probable. Good stuff, though some people find his charts a bit daunting at first.
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