Beginner trader working on a real account on Elliott Waves (invest - password enclosed)... - page 31

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Sart:

Analyzing my practical experience with VTE, I see that success was achieved precisely by a firm belief in the general trend of the market as indicated by the older waves.

So it turns out that success has one reason - 1. a firm belief in the general trend,

And failure has two reasons - 1. a firm belief in the general trend

2. lack of any belief.

And the question, "what to do?" is still open.

As for freedom of conscience, I am an atheist. As for trading, I prefer to be a squared atheist. The dumb belief in unshakable market trends or no-break stable strategies will not do any good. Mamona cannot be trusted. This beast will catch you in the most unexpected place and at the most inopportune time. All market strategies are probabilistic and highly unstable.
 

The Expert Advisor on EURUSD has caught a short on the short, but has gone short again:


2008.04.03 20:00:04 '17252': order was opened : #1894085 sell 0.02 EURUSD at 1.5634 sl: 1.5722 tp: 1.5549

 
So, is the VTE working? :))))))))))))))
 
I tried to learn VTE a few times. But I ended up abandoning it, and here's why. When analyzing the market, VTE usually gave me several options for marking up possible movements of specific pairs. After that I asked myself a question. But I can also say without the markers that this pair will go up or down tomorrow. And maybe it will reach this target. Or maybe not. What is the difference? I would like to hear the opinion of VTE specialists.
 
Igorr >> :
What's the difference?

in the statistical advantage... if without any markup you predict the market direction as well as you do with it - you don't have to use waves...

If markup gives you a bigger statistical advantage, then markup... :)

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