Rick
Thats what it is Elliot Wave. He believes in it and teaches it. I dont get it nor do I want too, seems too complex and open to interpretation. Shoot, I will let him do the work, he gets off on it.The guy will even shoot you a text when he is making any kind of move.............not bad for free. But I wonder, will he just give it all back like most cappers do. From 
to 
you know what I mean.
EW is complex but it has a few constant rules...just knowing those can make you some pips
Tail the guy if hes hot what can it hurt?Trade the trend till it ends
Walls right though there are too many excuses for counts being wrong or patterns just flat out failing but some of these guys are damn good...BHeurofighter [think that was his name]was a good trader but he went tout...cant blame him he was steady banking huge trades
Matts thread has been pretty good so far this year but he does get stopped out alot....they just closed a 400+ pip trade last week and were up a few hundred in a trade of EU/GBP which is like being up 300+ pips in any other pair...
Just have to find what works for you..try to pick up on what theyre looking for to enter trades just dont blindly tail or when the guys gone youre left high and dry
Im thinking about shifting to trading off longer term charts here...conflicting views on which way EU/$ is headed some think this rebound pushes up to about 1.4050[hope theyre right]others think this is just a short layover b4 the next leg down...my problem is the daily/weekly/monthly charts are seem to show different directions....when the monthly looks good the weekly looks good the other way..
NZD/USD monthly for example weekly looks like its gonna pop here to at least 72/73 but the monthly showing a cross lower...gonna have to wait two weeks for Feb candle to close need it to close around 70 to see a cross here maybe low 60s upper 50s...looking back theres only been 13 crosses of these lines in the last 15 YRS..and these are big moves
Eu/$ chart is about the same as NZD,weekly a bottom bottom monthly showing a cross and looking like it will go to test low 30s maybe even that major support in the mid 1.20s....and its only had 9 crosses of the DI lines looking all the back to 94...
Ive got the margin and the stomach to endure some move against me now i just got to try it out..EU/$ wasnt intended for this but its worked out that way so i guess ive really already started...still looking at 4hr charts for trades for the next few weeks..but March 1st ill be singing a different tune
Wall you been tearing it up....im just glad i brought the laptop to work...paid off for once...last time i took it the strap on my bag broke and my laptop took a nasty spill...and it was a brand new bag,first time it was ever used...
Im holding here i think this keeps dropping...got my eye on 6840
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