Trading with ELLIOTT WAVES.....
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The greatest lesson in learning to trade with Elliott Waves
is understanding that it is Subjective ................
-In fact , all of technical analysis is Subjective !
Elliott Waves , Wolf Waves, Gann Lines ,...Fibonacci ,..ALL OF IT !
Name your Method - Name your System
NOTHING- is 100% Reliable !
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No matter what Wave- count you come up with ,
there is always another wave count in the same chart
There are always more than one point of view !
Because we all don't see the world the same way .....
Again ,I say to you
Elliott Waves, like any other form of technical analysis is very subjective.
These wave counts - They mean nothing without the understanding
of Risk to Reward and applying Position Sizing to each individual trade .
If you don't take the time to study what's called Position Sizing ,
You are wasting your Time !...............................................
So Mastering Elliott Waves is about Mastering Money Mangement
and understanding what is called Position Sizing .........
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Also, Learn to accept that -
Elliott Waves Formations will be correct only 50% of the time .
So, the big question is ,
Can you make it in Trading - and only being only correct 50% of the Time ?............
////////////////////////////////////////////////
The greatest lesson in learning to trade with Elliott Waves
is understanding that it is Subjective ................
-In fact , all of technical analysis is Subjective !
Elliott Waves , Wolf Waves, Gann Lines ,...Fibonacci ,..ALL OF IT !
Name your Method - Name your System
NOTHING- is 100% Reliable !
-------------------------------------------------------------------
No matter what Wave- count you come up with ,
there is always another wave count in the same chart
There are always more than one point of view !
Because we all don't see the world the same way .....
Again ,I say to you
Elliott Waves, like any other form of technical analysis is very subjective.
These wave counts - They mean nothing without the understanding
of Risk to Reward and applying Position Sizing to each individual trade .
If you don't take the time to study what's called Position Sizing ,
You are wasting your Time !...............................................
So Mastering Elliott Waves is about Mastering Money Mangement
and understanding what is called Position Sizing .........
-----------------------------------------------------------------------
Also, Learn to accept that -
Elliott Waves Formations will be correct only 50% of the time .
So, the big question is ,
Can you make it in Trading - and only being only correct 50% of the Time ?............