Online trading on Wave Theory (NIROBA method)
Screens are not interesting by definition,
only (min.) monitoring on Onyx or (max.) investment password will be of interest
As promised, on Monday 14.09.2009 I opened a 10K account, or rather I added money to one of my trading accounts up to 10. :)
I will try to surpass the result of one of my students in real time.
He started on 08.06.09 with 10K, now his trading account has a profit of $180,462.10
Apart from Elliott Wave Theory and Fibonacci levels I'm not going to use anything in trading.
I'll try to overtake his results in three or four months, the market situation is favorable, i.e.
The "GLOBAL" b-waves are coming to an end, followed by c-waves - for those who know what I'm talking about.
Good luck to all!!! and more tailwinds!!! :))))))))
Another clown has appeared. Call a hedge fund, I can give you a link, but do not tell them about Elliott Waves - why give out all sorts of secrets to such dumbasses.
Invest password once. Otherwise it will end up like that time. Although maybe that is your goal? Practical question. The account was funded to 10K on 14.09 and today is 02.10. Was the timing deliberate?
I'll probably post the password a little later :)))
started aka continued )))
---
>> folks, come on up, it's Friday.)
Invest password once. Otherwise it will end up like that time. Although maybe that is your goal? Practical question. My account was deposited up to 10K on 14.09 and today 02.10. Was the timing deliberate?
I'm on holiday now, I had no time before and now I have some free time. :)))))))))
Calling clowns like you, I already have my own investment fund. :)))
Can I get a link to the fund?
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As promised, on Monday 14.09.2009 I opened a 10K account, or rather I added money to one of my trading accounts up to 10. :)
I will try to surpass the result of one of my students in real time.
He started on 08.06.09 with 10K, now his trading account has a profit of $180,462.10
Apart from Elliott Wave Theory and Fibonacci levels I'm not going to use anything in trading.
I'll try to overtake his results in three or four months, the market situation is favorable, i.e.
the "GLOBAL" b-waves are coming to an end, and the c-waves will follow - for those who know what I'm talking about.
p.s. it's a pity the last thread was deleted... :(((
Good luck to all!!! and more tailwaves!!! :))))))))
Message from page 151 added by moderator on 03.11.2009
I really didn't want to get involved here, but I still think it would be a good idea to give some clarity to a subject which is, to put it mildly, not very cautiously named in the thread. I myself have spent some time on the Wave Principle and even translated a couple of books, so I can consider my opinion not too amateurish.
There are a few... ... mistakes, absolutely incompatible with the status of a waveguide, which he attributes to himself. Unfortunately, it seems that people who have made the Elliott Wave Principle (EWP) their life do not participate in this discussion, so its level (if you filter out the messages with outright flooding) cannot be called high. I will only note a few points.
1. the so-called predictions of EWP are never unambiguous and unquestioning. a person who makes such "predictions" with aplomb goes against the very spirit of EWP. In EWP, there are only scenarios according to which a trader acts at any given moment. Any professional wave trader, unless he is a superficial impostor, always clearly understands that any of the current scenarios can be cancelled and has several different scenarios in mind. He clearly knows that the scenario cancellation will not be his professional catastrophe - it is just a working moment. The wavehiker systematically works from the initial point of analysis and experiences a number of disasters of his scenarios, trying to squeeze a reasonable profit from the price during this time.
Any elementary trading operation of the wavehiker is always a harmonious part of the multi-run, specifying his actions under a given price movement scenario. This multi-way is not a simple linear unvariant sequence of entries/exits, but a multivariate tree of actions, the branches of which are selected depending on where the price moved. A part of this multi-way is always a complex management of position sizes (for example, partial closes and pyramiding - but never averaging, much less martingale!
It is in the sense of multi-runs that pro-wavers usually interpret the results of their operations. In other words, a professional does not consider trades to be isolated from one another. They are always a series of trades subordinated to a single plan, which depends on a particular scenario of price movement. The result of the series is what he says: "I made a profit" or "I made a loss".
Nothing similar to the scenarios is visible in Alexey's statements.
2) Any entry into the position is always done with the mandatory setting of both potential exit points, i.e. stop loss and take profit. A wave expert never trades not only without stops, but even without takeovers (if the first one is obvious without any explanation, then the second one is not that well-known). Forecasts in the spirit of Alexei Niroba, where only the target (take-profit) is voiced, without specifying a stop-loss and key points refuting/confirming the scenario, are completely inconsistent with the spirit of EWP itself. Incidentally, there is such a wavemaker who has worked on Neely - Bezrodny. Although I have never gravitated towards Neely's version of EWP, I find Bezrodny's predictions to be very calibrated and tactically flawless.
Despite the fact that nominally EWP declares that "all fractals are good", never thelessprofessionals do not trade on small TF. The smallest working TF of a wave trader is usually H4, well H1 at least. On small TFs, according to the masters of EWP, significant wave patterns are not detected. The criterion for the pattern significance - is the correspondence of the pattern to its place among other patterns of different time specification.
4. There is no fixed knowledge, which completes the "sum of knowledge" of the wave-expert. The currency pairs market constantly surprises: there are patterns that are not explicitly described by the classics. (One of them, I remember, in 2005, was the appearance of a zigzag with wave B exceeding wave A; it is not absolutely ZZ, but it is the most logical variant from the point of view of its environment; and its mark-up was just 5-3-5, instead of 3-3-5). Recognition of such patterns is usually a consequence of the fact that no other logical way to mark up a chart was possible.
The emergence of new patterns is not usually considered among professionals as something to disprove EWP. They clearly know that EWP is dynamic and allows the inclusion of new patterns. The analysis itself becomes more complicated, of course.
5. Predicting the time frame for achieving the goals in EWP is not the primary task. Even the gurus recognise that this task is extremely difficult. To solve it, other tools, traditionally not related to EWP, are involved - cycle analysis, for example. Therefore I already considered Alexey's scandalous "prediction" about the timing of movement of the oira from 1.4 to 1.5 "within a couple of weeks" as extremely frivolous from the very beginning. However, Alexey himself said later about the difficulties of timing forecasts.
The common view of professionals on this subject is as follows: the key levels between which the price moves, at some prediction horizon, are "set from above", and some or other fundamental events can significantly delay or bring closer the terms for reaching these levels.
6. It is more reasonable to use a logarithmic scale for long-term forecasts, but not a linear one, especially if the expected movement is tens of percent of the current price level. Otherwise, a large error will occur. Alexey, your screenshots do not show anything logarithmic. Perhaps, this is the real reason for the scandalously low figures of your forecasts for oil or the Russian index. By the way, the logarithmic scale has a very simple explanation: the pair XXXYYY corresponds to the "inverted" YYYXXX, the markup of which should be identical to that of the straight pair.
7. The reduction of Neely's extensive work to a couple of pages of drawings is certainly an extreme simplification and emasculation of the Wave Principle. However, Neely is not considered a classic of EWP. The classics are considered to be the followers of the Elliott branch of analysis - Bolton, Balan, Prechter, etc. Incidentally, Elliott himself was not a successful analyst (indeed, the time when he made his forecasts cannot be called particularly convenient; it was a time of prolonged correction after the Great Depression. There is still debate about when the correction ended). He was simply an accountant who saw order in price movements. He was told about Fibonacci numbers by a friend, and for Elliott himself the properties of Fibonacci numbers were a revelation.
8. Some time ago I used to hang out on a forum of wave-experts-professionals (fxo3.ru or something like that). There is no sensationalism there, like here. There is just a civilized and reasoned justification of suggested markings. Wavesmen professionals consider themselves the elite of the trading community and behave accordingly.
Alexey, I don't expect answers and excuses from you, as I don't think it will change anything in your behaviour: you created the thread for PR, not for demonstrating the Wave Principle work. This is obvious to anyone who has seen the results of your actual trades.
My post is not for you, but for neophytes who will look into this thread and perhaps come across it.