EURUSD

Quoting Robinhood1

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Another practical case {image}

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Quoting blunderbuss

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2) EURUSD - 1H end of Friday trading. {image}

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Quoting Nordling

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{quote} Hahaha so you accept that you lose everytime you open a position? Don't worry birader, i don't need nor want you to open a position. Either sell this or stay away for your own sake. It is okay to buy in the small timeframes but it is not advised to buy and hold

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Quoting Robinhood1

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This is the DNA structure of any financial chart. Waves without rules regarding size, lenght etc, etc. 2 and 3 movements constantly. As long as you have an instrument to measure those waves you are fine. {image}

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Quoting DrDave

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{quote} Thanks for the biology lesson. But I am wondering, why does it appear that you have simply done a different method of numbering "waves" from an already well-established numbering method?? {image}

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Quoting Robinhood1

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Nature is abstract not linear. I will give you an example. You might have heard of Antoni Gaudi who designed the Sagrada Familia in Barcelona and still being built beginning at late 1800´s. He would not use the established tools compass, ruler etc take a look http://dataphys.org/list/gaudis-hanging-chain-models/ He created columns with a specific inclination according to the weight to be supported without the need for side walls. The Romans needed to support them with side walls limiting height, just to mention one of his creations

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Quoting Robinhood1

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{quote} There is no well-established numbering method. Nobody is making profits through Elliott waves. Books have been written trying to decode Elliott´s system. Alterning 2 & 3 wave swings "floating" in the air regardless whether waves are subject to stupid length rules. As long as traders keep learning the "well-established rules" failiure is garanteed. Edison was wrong till Einstein appeared and so were all Edison´s followeres. Einstein was a follower in his teens till he saw how wrong

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Quoting DrDave

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{quote} Thanks for the biology lesson. But I am wondering, why does it appear that you have simply done a different method of numbering "waves" from an already well-established numbering method?? {image}

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Quoting DrDave

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{quote} First of all, I purposely did not include any material related to the usefulness or degree of difficulty in learning or applying any wave numbering system, but simply compared your numbering system to a well-established system. So I am curious about why you decided to raise these issues. Excuse me, but there are thousands if not millions of people that use the wave numbering developed by Elliott, and hundreds if not thousands of publications that describe the numbering system. Therefore, it is indeed well established. Altern[nat]ing 2 &...

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Quoting Robinhood1

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{quote} Will the 2 wave swing be higher than its previous 3 wave swing? We will see as we go along. There is a lot of visual analysis involved. This is why AI will not detect it through the platform. AI keeps track of anything drawn on chart discovering one´s method. {image}

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Quoting Robinhood1

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The well-established elliott method seems to assume 3 waves and 2 more retracements depending direction. I can´t see retracemants but swings. ie: the 2 wave which is normally established as a,b,c can break below wave 1 of the "3" in my eyes I beleive Elliott knew what he was doing but his system did not reach the public truely

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Quoting DrDave

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{quote} Why skip over the lower low that I marked with a 3?? {image}

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