Why not? Elliott Wave Theory is almost a hundred years old, and it still works.))
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DislikedDear Alan, Is your system still not taking full advantage of rsi, i.e. rsi support/resistance, rsi pattern etc.?Ignored
DislikedCould you explain a bit more detailed how you know a div fails to make it back to the EMA when trading real time? As about when do you expect it to make a higher high instead for example?Ignored
DislikedHope everyone is getting the idea now. Don't let anyone tell you that we cannot predict price action, just learn to read the chart information and interpret its meaning. The times you make a mistake will be well compensated by the rewards. Here we see the price has done exactly as we predict, always has done and probably always will. {image}Ignored
DislikedAnd as I awake this morning I see overnight the price action did return to the EMA following the div, a 50 pip bonus. As yet the bears have not crossed to FIND support so we could see a bounce back up again or we could see a break down. This is why it is just guesswork at the EMA level. {image}Better to wait now for the 108 and see what sets up.Ignored
Disliked{quote} Hi Alan, Could I ask at what stage to you disregard the red horizontal (bear resistance) & black horizontals (bull resistance) is it the MA26 when it moves up/below the levels or are they superseded if newer horizontal lines form happy for any clarification Cheers...DesIgnored
DislikedHi Alan , i got all the things that you describe and read whole thread more than five times and i am practicing from almost 6 months , now able to get good trades on demo account but when i want to trade on real account i am not so confident thogh i know this could be the very profitable trade but i am really afraid and after some time when i see charts price moves according this system, my question is how i will overcome this situation and how i gain confident, can start trading on real account with small lot sizes or continue with demo yet?Ignored
DislikedHi Alan , i got all the things that you describe and read whole thread more than five times and i am practicing from almost 6 months , now able to get good trades on demo account but when i want to trade on real account i am not so confident thogh i know this could be the very profitable trade but i am really afraid and after some time when i see charts price moves according this system, my question is how i will overcome this situation and how i gain confident, can start trading on real account with small lot sizes or continue with demo yet?Ignored