Since it appears that studying neowave in its basic form will not yield profits, as seemingly evidenced by Neely's move to "River Trading Theory", and his findings that forecasting doesn't necessarily lead to profits, does anyone who's studied EW or Neowave want to try and figure out ways to profit from waves that may be along the lines of what Glenn is doing with Neely River Theory (NRT)?
It must encapsulate neowaves somehow, without the need for actually analysing waves.
This may seem that it would rely on more the post-constructive concepts as opposed to the pre-constructive concepts?
Maybe the characteristics of corrections vs the absolute count of corrections?
When trading EW, the key is what?
1. To enter after corrections.
2. To enter in the right direction.
3. To place stops in areas not likely to be hit / or when hit indicating that the analysis was wrong.
Maybe 1 isn't even correct. Maybe it's not about entering after corrections, but entering "in the middle of the river?" Maybe the river is something to do with channels? I know Mastering Elliot Wave (MEW) seemed to talk about the importance of channels.
The following is the sales material from his website, if anyone has any other literature that may give clues to how we can profit from elliott wave / neowave, please post.
If I had the $9,000 to invest in NRT, I'd definitely give it a shot... but maybe the book (MEW) and some creativity we won't need it.
Any how, this is open to anyone interested in brainstorming.
Here's the sales material:
Don't miss this exciting opportunity to learn Glenn Neely's revolutionary trading technology - directly from Glenn Neely!
Are you anxious to learn a proven trading technique - without taking the time to master Wave theory? Or do you invest time to create forecasts, yet your forecasts result in bad trades?
Here's your chance to be among the first people in the world to learn Glenn Neely's revolutionary, proven trading technology. In this private, real-time Trading Class, Glenn Neely will teach you his extraordinary, high-return trading techniques. You'll learn how to make money in the markets without forecasting!
In this 3-month, real-time Trading Class, you'll meet one-on-one with Glenn Neely over the telephone.
You'll learn:
* Glenn Neely's revolutionary trading service, directly from this financial icon.
* The secrets of trading without forecasting.
* How to use bar charts to make ALL your trading decisions. (No need to learn Wave theory!)
You'll have an expert trading coach and mentor
Glenn Neely will coach you on every trade and teach you how to make objective, non-emotional trading decisions on any time frame. Your investment in this class will be well worth it. Once you've mastered these incredibly powerful techniques, you'll turn around your trading.
Ready to improve your trading?
It must encapsulate neowaves somehow, without the need for actually analysing waves.
This may seem that it would rely on more the post-constructive concepts as opposed to the pre-constructive concepts?
Maybe the characteristics of corrections vs the absolute count of corrections?
When trading EW, the key is what?
1. To enter after corrections.
2. To enter in the right direction.
3. To place stops in areas not likely to be hit / or when hit indicating that the analysis was wrong.
Maybe 1 isn't even correct. Maybe it's not about entering after corrections, but entering "in the middle of the river?" Maybe the river is something to do with channels? I know Mastering Elliot Wave (MEW) seemed to talk about the importance of channels.
The following is the sales material from his website, if anyone has any other literature that may give clues to how we can profit from elliott wave / neowave, please post.
If I had the $9,000 to invest in NRT, I'd definitely give it a shot... but maybe the book (MEW) and some creativity we won't need it.
Any how, this is open to anyone interested in brainstorming.
Here's the sales material:
Don't miss this exciting opportunity to learn Glenn Neely's revolutionary trading technology - directly from Glenn Neely!
Are you anxious to learn a proven trading technique - without taking the time to master Wave theory? Or do you invest time to create forecasts, yet your forecasts result in bad trades?
Here's your chance to be among the first people in the world to learn Glenn Neely's revolutionary, proven trading technology. In this private, real-time Trading Class, Glenn Neely will teach you his extraordinary, high-return trading techniques. You'll learn how to make money in the markets without forecasting!
In this 3-month, real-time Trading Class, you'll meet one-on-one with Glenn Neely over the telephone.
You'll learn:
* Glenn Neely's revolutionary trading service, directly from this financial icon.
* The secrets of trading without forecasting.
* How to use bar charts to make ALL your trading decisions. (No need to learn Wave theory!)
You'll have an expert trading coach and mentor
Glenn Neely will coach you on every trade and teach you how to make objective, non-emotional trading decisions on any time frame. Your investment in this class will be well worth it. Once you've mastered these incredibly powerful techniques, you'll turn around your trading.
Ready to improve your trading?