Rank: Newbie
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Joined: 4/19/2006(UTC)
Posts: 1
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hey,
has someone more information about
Profit Taking Index and Wave Four Channel
and the MetaStock formular?
regards
wambui
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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These are Elliot Wave ideals....
To see some common thoughts of EW analysis:
Jose's excellent summary of EW: http://www.metastocktools.com/MetaStock/Elliot.txt
and a quote I received in a PM from (anon) who I hope doesnt mind me posting this:
Quote:I used to be heavily into E-Wave until I started reading (his) postings. I lost a ton of money following (him) and E-Wave religiously. Then, I slowly began to realize that expectation and forecasting were not the way to trade.
There are many more....
I don't actually know anyone who has made any money over a timeframe longer than a couple of months using EW. Most end up like (anon).
wabbit :D
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 3/7/2005(UTC)
Posts: 1,346
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hey wambui .... you might checkout pti and perhaps alphomega .... the manual is mind expanding..... have read it several times myself.....
i don't have the plugin..... but i have done well over the years paying attention to the waves, though freely admit not being a big fan..... many elliot wavers are consumed by bias, being so focused on counting waves down, they forget to count up..... or vice a versa....... many gann fans suffer from slightly different bias but bias nonetheless..... the egos of a published few give elliot and gann a bad rap.......
no one knows where the markets are headed and counting how they got there is ,,,, well ya know what i mean.......h
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