- #949,061
- Jan 9, 2015 12:29pm Jan 9, 2015 12:29pm
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #949,063
- Jan 9, 2015 12:32pm Jan 9, 2015 12:32pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} Do you mind sharing your opinion on Ian's version of EW? Will very much appreciate it.
Hi Greenspanke,
here we go:
I think, that you can get nearly every thing to work, when you obey your on set rules. So HEW may function.
I have tried it out for some time. It did not work for me. Maybe I did not try hard enough.
My critique on HEW:
Ian deals with so much fib-levels and additional his evidence based levels, that the chart is full of it. Chance gets really high, that one of this levels is hit eventually to the pip.But one can not say beforehand which will be hit and causes the price to reverse.
OK, with the traditional EW we face the same problem, we do not necessarily know on what Fib-level price will turn.
But when you look at some counts from Ian, you will frequently notice, that the deliberate search of the right fib-levels very often leads to super-tiny wave 2 rejections, or alternatively wave 4 rejections.
My point is: when your count needs the "white noise" in order to get fitting fib- or evidence based levels, something is wrong.
Ian oftentimes ridicules the traditional EW for dealing with wave extensions etc. But he has replaced some topics he did not like in traditional EW with other enemies, in my view.
Also I have also issues with his concept, that the impulses consist out of 5 waves (1,2,3,4,5), but that each impulsive subwave wave consists out of 3 waves (a-b-c or impulse-correction-impulse or 5-3-5). I think one can not have both ways, because out of my view will result in break of fractal-nature (or logic).
Maybe I am wrong here. So would be nice when someone can enlighten me. Ian was not able to refute my view here. We need a mathematician here!!!
Also, Ian is quick in ridiculing traditional EW and saying, that HEW is superior. Up to date I have not seen this to make it a valid point. On mid December Ian called for a correction in UDX, when it was at 88.50. He thought about a wave 4 target @ below of 70. I think the same day the UDX got wings.
I am not to say, that such calls do not happen with traditional EW. For example, I closed all my remaining long time shorts in the 2375 area, and thought about a correction higher.
What I am saying is, I simply do not see the advantage and superiority of HEW over traditional EW
In fact, I think, that you can take Dow Theories ABC-moves and make a very profitable system out of it
- #949,066
- Jan 9, 2015 12:35pm Jan 9, 2015 12:35pm
- Joined Feb 2011 | Status: building a shortfolio | 2,418 Posts
Twitter: @TrendersGame
- #949,067
- Jan 9, 2015 12:35pm Jan 9, 2015 12:35pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
{quote} thats why u talked about trading after NFP later ?big boyas push price up to take SLs ? and then have clear move down ?
Someone even asked if i was gona bet my life on lng and short... I said i preferred the sideline cuz
1. Long term trend is down so i wont long, ever, not even trying to catch any.
2. When price action sets up nicely to favour a 50/50 outcome for bulls and bears, i dont like the odds of taking either direction...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #949,068
- Jan 9, 2015 12:39pm Jan 9, 2015 12:39pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
{quote} Whewww.. My brain hurts. I'm glad trading isn't' this hard.
Hear the music before the song is over ...
- #949,071
- Jan 9, 2015 12:48pm Jan 9, 2015 12:48pm
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
Fix up, trade sharp ...
- #949,072
- Jan 9, 2015 12:50pm Jan 9, 2015 12:50pm
- Joined Jan 2014 | Status: Less is more ... | 9,059 Posts
{quote} Gotcha... Yeah I always blot out my position size on charts posted as well but just didn't put 2&2 together today. I guess at the end of the day nobody likes a boaster or a bragger & that's never my intentions here at the Factory. Later man & have a nice weekend.
Fix up, trade sharp ...
- #949,073
- Jan 9, 2015 12:50pm Jan 9, 2015 12:50pm
- Joined Jan 2010 | Status: Trader | 10,268 Posts
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return:
0.7%
- #949,074
- Jan 9, 2015 12:52pm Jan 9, 2015 12:52pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
- #949,075
- Jan 9, 2015 12:52pm Jan 9, 2015 12:52pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} Given the fact that most brokers' standard lots are worth about 10 $ a pip and the information is all there it gives you a guess ... however, why do you take it so serious? Chill dude lol
I thought basic maths is taught in the first years in school
- #949,077
- Jan 9, 2015 1:00pm Jan 9, 2015 1:00pm
- Joined Apr 2013 | Status: I'm learnding! | 8,973 Posts
- #949,080
- Jan 9, 2015 1:15pm Jan 9, 2015 1:15pm
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...