correct. People who state the "so you say it can go up or down" therewith simply and actually show how uneducated they are about the markets. correct. People who state the "so you say it can go up or down" therewith simply and actually show how uneducated they are about the markets.
Kris, yes, the market has now told us by moving already above 4324 yesterday that it most likely would like to target 4800. But it will not be a straight line, of course. Many waves to get there.
No, that's not at all what it is about. My ego has nothing to do with it. All I provide are cut-n-dry parameters to tell you what to look for if the market breaks above or below these price levels.One must always have a contingency plan in trading, but I can repeat that in every single update but most will never learn.
let us know when you can do better. only then can you come back and provide none-constructive comments. I am also sorry to learn you can't read comprehensively and have very limited if any understanding of how markets work and how to use the mentioned price levels for your trading.
Hi Michael, thank you.
Please visit the URL written in the chart in Figure 1 and then click on "Menu" in the upper right corner. Click on "Memberships" and select "Major Markets Forecasting". Easy as 1-2-3. Unfortunately, I can't write the URL here, and even when I write an article with a link in it they scrub it out..., so this description will do.
Note, as the comments section here will show: during the accumulation phase and early Bull retail is not interested in cryptos. They will come rushing back during the late Bull phase, when its essentially too late.
I've acknowledged every time I was wrong. But since I am ~70% of the time right, you won't find many wrongs. Moreover, it is not about being right or wrong; we are all students of the market, and thus, we are all wrong until proven right by the market.
Folks who comment like you or the usual "so it can go up or down" fail to realize that the primary value of the EWP is providing a context for market analysis. This context offers disciplined thinking and a perspective on the market's general position and outlook. At times, the EWP accuracy in identifying and even anticipating changes in direction is almost unbelievable.
Thanks, and I agree. But we must call out the BS spewers, the haters, and the trolls. Evil prevails when good men do nothing... Thanks, and I agree. But we must call out the BS spewers, the haters, and the trolls. Evil prevails when good men do nothing...
1) I am up >50% this year. That's what even a supposedly 60/40 edge does to one's account. 2) Show us how you calculated 60%. Otherwise, you are just making stuff up. Especially since my own records show I am about 70% of the time right based on the simple fact one often gets 3 to 4 out of the 5 waves correct. 3) Nobody always gets it right; I have yet to find an analyst who's consistently >70% correct. It's an illusion. 4) Proper risk management is what matters most, as Stephen concurs, and even with 60/40 your account will grow nicely over time. The problem is a) all want to get rich quickly, and b) poor risk management. Even with a 90% winning rate, the 10% losses will wreck most accounts when no proper stops are implemented. E.g., 9x $1000 profit vs. 1x $10K loss is still net -$1000....