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Elliot wave theory has an enormous and loyal following - shame the theory has no basis of sound logic that can help you make money! Elliot trend theory loves huge reputation - being described as higher level technical research, by writers and several brokers. Elliot wave theory has an enormous and loyal following - shame the theory has no basis of sound logic which will help you make money! Lets look at Elliott wave theory in increased detail and then look at practical industry research. The idea was named after Ralph Nelson Elliott, who concluded in his book natures law that the movement of financial markets could be predicted by observing, and distinguishing a similar pat-tern of waves. Elliotts Unique Observation Elliott came to the stunning conclusion that all natural phenomena are cyclical - and this includes the financial markets. This is true, but we know that anyhow - we know that at some time in our lives, we will feel water when we venture outside, the question is when exactly? So, markets are cyclical - big deal! What we would like from an expenditure theory, is the likelihood of the event - i.e. when could it be probably to occur. Elliott wave theory can be an objective expense theory - but there is no actual objectivity inside at all! It's all a subjective interpretation of troughs and peaks, in just about any time period you like! Does this sound a sensible predictive theory for you? The Idea Depending on rhythms within nature, the idea shows that the marketplace moves up in a series of five waves and down-in a series of three waves. The difference involving the Elliott wave concept and other cyclical ideas is the fact that the theory suggests no absolute time requirements for a period to perform - well thats a lot of support! The subjectivity is really good in Elliott trend, that like most concepts, everything is explainable in hindsight - but the difficulty is obviously predicting the future. There are numerous interpretations of the specific peaks and troughs in several time-frames, that everyone might find them differently, this is barely the foundation of a predictive theory. Discover further on an affiliated article directory - Click here: http://finance.9wsyr.com/inergize.wsyr/news/read/30969755/advanced_5%C3%975. Elliott wave theory promises to be able to estimate industry - but provides no objective way of doing it used. We discovered Advanced 5×5: Review Examining Elliott Hulse’s Workout Program Released by searching Google Books. Elliott Wave Theory is used by who? 1. People who would like a simple way to earn money, and are attracted to the mysticism of such resources because the Fibonacci number sequence, to estimate market retracements. 2. Investors who rely on the false assumption that one may predict market behavior beforehand - and need an easy way to make money. How Areas Actually Go Market prices are a reflection of the following: Supply and demand fundamentals + human psychology = cost action That appears easy, but is in reality, complicated situation - which is difficult to predict in advance. Trading areas via complex research is about getting the likelihood and odds in your favor, and only that. It is NOT really a method of predicting the near future. Are there better ideas than Elliott wave around, for making money in the markets? - A good exercise should be to study the entire top performing fund managers in the world and observe many take the idea seriously. Subjectivity and predictive won't mix! The Elliott wave theory is just a predictive theory that leaves everything to subjective analysis. If Elliott had exercised a predictive principle, why didnt he provide a target way to earn money from this? - Like most predictive ideas it doesnt work. If all investors could estimate the market in advance, we'd all know what was likely to happen - and there would actually be no market at all, as we would all know the market price in advance! Elliott wave theory is meant to become a predictive theory, however the only thing you can foresee with it, is you will lose your money..