Wow is right. I know opinions are like... well u know.
I just still find it hard to see a recommendation against EW.
Maybe from a newbie but... I saw the heading Commercial Member
and that makes me wonder. The trader's makeup is unique so how
could a blanket suggestion be made like that?
EW is the Undisputed Champion of the World of TA.
I wrote a book about it publishing a New Rule.
It fixes everything but lack of data. But even without the new rule
there has been stunning market disection using EW.
Definitely if you are pursuing TA learn EW. There are many problems
with any other standard indicator TA like arbitrary timeframes which
is like throwing darts at balloons.
How do you match the speed of the price action with your analysis?
If you just pick a favorite timeframe it must be hit and miss. Your
indicators are being set by the timeframe. And all kinds of problems
like that.
Cheers,
Cyclon
I just still find it hard to see a recommendation against EW.
Maybe from a newbie but... I saw the heading Commercial Member
and that makes me wonder. The trader's makeup is unique so how
could a blanket suggestion be made like that?
EW is the Undisputed Champion of the World of TA.
I wrote a book about it publishing a New Rule.
It fixes everything but lack of data. But even without the new rule
there has been stunning market disection using EW.
Definitely if you are pursuing TA learn EW. There are many problems
with any other standard indicator TA like arbitrary timeframes which
is like throwing darts at balloons.
How do you match the speed of the price action with your analysis?
If you just pick a favorite timeframe it must be hit and miss. Your
indicators are being set by the timeframe. And all kinds of problems
like that.
Cheers,
Cyclon