Elliott Wave Trading

- Only one mistake and the whole thing collapses.

Sad but true!

USDCAD one pop higher on 5min then a reversal but this is still not the high imo.

Upperline of multiyear corrective channel might be a turning point seems nice potential this one.

I was also sceptic about EW.
EW opponents here wrote in ignorance of and may be never practiced it ...also a little bit jealous ?
They read a subject about it and conclude as the one Truth ,dont they ?



By the way ,as you know Psychlogy or Economics are also not Exact Sciences ...do you have any funny subjects about them ?:nerd:

Yes, criticism usually comes from misunderstanding or no understanding of a subject,
as 'Any f--- can criticize, condemn and complain, and most f---s do' B.F.

Crude Oil, d1

UsdCad, H1

SP500, d1

Sugar #11

AudUsd, d1

GbpJpy, m15, demo

AudJpy, m15

XauUsd H4

EurUsd, m15

Why Predicting Is a Problem

1. The future is uncertain.

No matter how good our analysis is, it is only as good as the information that is available right now. We cannot know for certain what will happen tomorrow. Analysis in regards to likely movement in the future is done with the idea of "all else being equal." This means that we assume a stock will go up based on a trend if things remain as they are right now.

1. We can't predict all contingencies.

While on some days, in fact many days, everything does remain equal, there are always days, weeks, months or even years that defy the odds. It is during these times when predicting can be especially dangerous if we are wrong in the prediction. Predicting something will go up when prices are falling can cripple a trader's finances, especially since we can't know for sure how the market will react to further news or information that may become available. When prices are falling even good news may not push prices substantially higher, and when prices are rising even bad news won't necessarily have a long-term negative effect on price.

1. If the overall market moves higher, this does not mean a stock will also move higher.

Often analysis for individual securities is based on the sentiment of the overall market. This can mean a trader expects one stock to rise because the market is rising, or vice versa. This does not always occur, especially on shorter time frames. Unfortunately, an alternative scenario also occurs where a trader expects one stock to outperform while the rest of the market continues to fall. Traders must be aware of market dynamics as well as individual stock dynamics. Either way, the end result is that we want to be trading in the direction of current cash flows, not against them, whether it be in the overall market or individual securities. (Learn nine simple rules to success from the talented Buffett, Gartman and Pearson. Check out Financial Wisdom From Three Wise Men.)

1. Predicting a particular share should move higher is vague and the investment decision will rarely include a profit or stop-loss exit point.

While not always the case, inexperienced traders predict that their equity positions will rise and assume that they will be able to get out near the top if they are correct. In reality, such a vague plan will rarely work out. Therefore, all traders must have a plan for how they will enter and exit a trade, whether the trade results in a profit or a loss.

1. The holding time from stocks has decreased along with increasing volatility.

Stock market volatility has increased over the years while the holding period for securities has fallen off. Buying and holding is still a viable strategy if the method is well devised (as with any trading method) but due to limited capital, buy-and-hold investors must be aware that volatility can reach very high levels and must be prepared to wait out such periods. Active traders trading on shorter time frames should trade in the direction of price movements given that volatility has increased and even short-term moves can sustain overbought or oversold levels for extended periods of time.

1. Statistically, prices rarely move in straight lines for long.

Predictions are often based on strong emotional feelings - the stronger the feeling, the stronger the trader may expect the price reaction to be. Thus, the trader assumes the stock will fly in their direction in a straight movement, leading to a the home-run trade. When we look at all the securities in the world and then factor in time variables, having a position right before a major move is very unlikely, statistically speaking. Traders are far better off trading the averages and trading in the direction of price movements to gain profits as opposed to looking for one trade or stock that rises aggressively in their favor in a short period of time.

http://www.investopedia.com/articles...#ixzz3x0yvYuaV

I don't try to predict market but try to realize what are happening

So Elliott/Fibo/Ma work for me, maybe not work for someone else.

Limit EurUsd, m15, follow wave 3

Thank you for sharing trading ideas, that's the main purpose here.