- #87
- Feb 15, 2008 10:22am Feb 15, 2008 10:22am
Ok, you guys are NEVER going to understand NEoWave or Elliott Wave for that matter if you continue trying to learn the way you are.
1.) You will not be able to predict 100% what the market is going to do.
2.) The wave indicator you are using is off and counts some monowaves improperly, misses some, and sometimes breaks a single monowave into multiple monowaves.
3.) You are suppose to skim through the book the first time. In fact, I would skip chapter 3 completely and read the rest of the chapters first. I have pages tabbed and labeled to revert back to.
4.) Chapter 3 to me, only helps me get out of very very sticky situations.
5.) Candles can be used because, in Forex, they show all price data. You don't have to draw lines if you are labeling your chart. You know that from the termination of wave-c, to the termination of wave-1..there is an imaginary line.
6.) I think those trying to use Neely should learn the basics from another book. I use Neely to confirm patterns and get an idea of what is going to happen by the different ratios he gives for each pattern. There's an important lesson on channeling
I've got more advice, but everyone in here seems like they know more than me
1.) You will not be able to predict 100% what the market is going to do.
2.) The wave indicator you are using is off and counts some monowaves improperly, misses some, and sometimes breaks a single monowave into multiple monowaves.
3.) You are suppose to skim through the book the first time. In fact, I would skip chapter 3 completely and read the rest of the chapters first. I have pages tabbed and labeled to revert back to.
4.) Chapter 3 to me, only helps me get out of very very sticky situations.
5.) Candles can be used because, in Forex, they show all price data. You don't have to draw lines if you are labeling your chart. You know that from the termination of wave-c, to the termination of wave-1..there is an imaginary line.
6.) I think those trying to use Neely should learn the basics from another book. I use Neely to confirm patterns and get an idea of what is going to happen by the different ratios he gives for each pattern. There's an important lesson on channeling
I've got more advice, but everyone in here seems like they know more than me
- #89
- Feb 22, 2008 6:54am Feb 22, 2008 6:54am
- Joined Jul 2007 | Status: C.E.O of BWR Investment firm | 4,736 Posts
Ok, you guys are NEVER going to understand NEoWave or Elliott Wave for that matter if you continue trying to learn the way you are.
1.) You will not be able to predict 100% what the market is going to do.
2.) The wave indicator you are using is off and counts some monowaves improperly, misses some, and sometimes breaks a single monowave into multiple monowaves.
3.) You are suppose to skim through the book the first time. In fact, I would skip chapter 3 completely and read the rest of the chapters first. I have pages tabbed and labeled to revert back to.
4.) Chapter 3 to me, only helps me get out of very very sticky situations.
5.) Candles can be used because, in Forex, they show all price data. You don't have to draw lines if you are labeling your chart. You know that from the termination of wave-c, to the termination of wave-1..there is an imaginary line.
6.) I think those trying to use Neely should learn the basics from another book. I use Neely to confirm patterns and get an idea of what is going to happen by the different ratios he gives for each pattern. There's an important lesson on channeling
I've got more advice, but everyone in here seems like they know more than me
I agree that Neowave should not be studied until you have a good understanding Of E.W first.
I was reading the book this last week on vacation (when I found time) and yes chapter 3 should be skipped and go straight to chapter 5 and on.
You should still read CH3 but don't get hung up on it cause you'll get frustrated and give it up. So is there anyway to get a proper indicator that does CH3 for us? That would be great.
Just Trade It
