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[EquisMetaStock Group] Re: Elliott Waves




actually tom joseph's fview is to focus in trading 3rd waves, and 
has 
specific indicators developed to identify it

atte Pablo Paolucci
foro.terminusa.com
investment online community

--- In equismetastock@xxxxxxxxxxxxxxx, "rvalue1" <rvalue1@xxxx> 
wrote:
> 
> 
> Thank you all for your comments regarding Elliott waves. After 
> attending an (expensive) Options class, one of the senior partners 
> teaching the class pointed out that he used Elliott waves - 4th 
and 
> 5th waves for predicting major moves and that he has been 
successful 
> at a +70% level.. which is pretty high. I do plan to get the 
> Metastock add-in as a first step sometime in January.
> Wallace, thanks for the site reference and for reference to Tom 
> Joseph's notes. I will certainly read it. If anyone has any other 
> advice or personal experiences, pls go ahead and offer it. The 
nice 
> thing about trading or this chat group is although we don't agree 
on 
> everything, we discuss it with a pretty decent sense of decorum - 
and 
> there are certainly different paths to get to the same goal - 
making 
> money trading.
> --- In equismetastock@xxxxxxxxxxxxxxx, "mikesimmonsuk" 
> <mjsimmons@xxxx> wrote:
> > 
> > 
> > I am sorry superfragalist but you are very wrong.
> > 
> > In the UK, USA and Australia many analysts are using Elliott 
Waves 
> > very successfully.
> > 
> > I have been using Dynamic Trader for several years and have 
> produced 
> > some astonishing results using the Elliott Wave theory.
> > 
> > The Elliott Wave indicator in the Investors Dream software is 
also 
> > excellent in pre-empting trend changes.
> > 
> > I agree that if you follow any system mechanically and blindly 
you 
> > will fail - however, if you are disciplined and take the time to 
> > understand the basics and interpret the signals produced using 
the 
> > Ellott Wave you can be very successful.
> > 
> > In the UK, Elliott Wave theory is used by many major financial 
> > institutions as one of the tools in their technical analysis 
> armoury.
> > 
> > You obviously have some very strong beliefs about the Elliott 
Wave 
> > approach which you do not accept as being viable.
> > 
> > What would be interesting to hear from you is a list of the 
> technical 
> > indicators that you have found work successfully, and from which 
> > produce financial rewards year in and year out.
> > 
> > I am certain that all members of this group would also like to 
hear 
> > from you about this, and would appreciate your help in pointing 
> them 
> > in the right direction.
> > 
> > Regards
> > 
> > 
> > Mike Simmons
> > 
> > PS: The interesting thing is that the most successful systems 
are 
> > often those which have been written by and for Professional 
Traders 
> > often based on there many years trading experience, and are 
systems 
> > they still use today.
> > 
> > Those systems written by software technicians without trading 
> > experience are often those which fall short over a period of 
time.
> > 
> > 
> > --- In equismetastock@xxxxxxxxxxxxxxx, superfragalist 
> <no_reply@xxxx> 
> > wrote:
> > > 
> > > 
> > > Elliot Waves--plug-in--okay. I haven't used the plug-in, but 
> here's 
> > > my experience with waves of all kinds. They don't work. You're 
> > > wasting your time. There has never been a study published yet 
> that 
> > > shows that Elliot waves produce anythng but mediocre returns. 
> > > 
> > > For the those who love waves, instead of bad mouthing what I'm 
> > > saying, produce a study from one major systems developer whose 
> work 
> > > is published, that says that E waves or Gann or Murry Math or 
> > > whatever gets the job done. Just one real, unbiased study from 
> > > someone who actually develops systems for a living. 
> > > 
> > > You will spend countless amounts of money and time even trying 
to 
> > pin 
> > > down what an Elliot wave system is. When you get poor results, 
> > you'll 
> > > be told you just don't understand how the system works. Well, 
> > that's 
> > > your first clue. If you can't understand it in ten minutes or 
> less 
> > > you shouldn't be using it.
> > > 
> > > The big banks have spent multi-millions looking at every 
trading 
> > > system you can think of including waves, AI, all kinds of 
> > statistical 
> > > models, etc. You don't see any of them using anything close to 
E 
> > > Waves. On almost all trading screens you'll find MA's, not E 
> waves. 
> > > 
> > > However, all Equis plug-ins come with a 30 day, no questions 
> asked, 
> > > money back guarantee. They honor it everytime. So you have 
> nothing 
> > to 
> > > lose except your time. 
> > > 
> > > 
> > > 
> > > 
> > > 
> > > 
> > > --- In equismetastock@xxxxxxxxxxxxxxx, "rvalue1" 
<rvalue1@xxxx> 
> > wrote:
> > > > 
> > > > 
> > > > There was only one e-mail posted on this subject and I 
> appreciate 
> > > the 
> > > > input. Could anyone else using Aphomega Ellioo waves comment 
on 
> > its 
> > > > usefulness as a metastock plug-in? Really could use the 
> feedback 
> > > from 
> > > > this forum. Appreciate your time to send me your thoughts. 
Also 
> > > > interested in buying used copy from someone who might have 
> tired 
> > of 
> > > > it or found it not so good. Looking for version 5.0 for 
> Metastock 
> > > > 8.01. Thanks for your input..
> > > > --- In equismetastock@xxxxxxxxxxxxxxx, "rvalue1" 
<rvalue1@xxxx> 
> > > wrote:
> > > > > 
> > > > > 
> > > > > I checked out older archives on Elliott waves plug-in and 
> > looked 
> > > up 
> > > > > Aphomega site as they have the only Metastock certified 
> > software 
> > > > for 
> > > > > Elliott waves for metastock. Can someone who purchased it 
> tell 
> > me 
> > > > if 
> > > > > they like what they see and how accurate it might be for 
> higher 
> > > > > volumes and index trades? I heard that advanced GET was 
> pretty 
> > > > darned 
> > > > > good with its Elliott waves and PTI/ prediction for the 
5th 
> > wave 
> > > vs 
> > > > a 
> > > > > double top..  I am not too keen to spend $2.5K on advanced 
> GET 
> > as 
> > > > of 
> > > > > yet..
> > > > > Also would like to know if it has an exploration to look 
for 
> > good 
> > > > > correlated stocks that have decent volumes that are ready 
for 
> > the 
> > > > 5th 
> > > > > wave.. 
> > > > > 
> > > > > Would appreciate some serious feedback..
> > > > > 
> > > > > Rvalue1





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