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I like Elliott


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#21 andr99

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Posted 13 December 2017 - 04:18 PM

 

 

 

c'mon guys....I just asked for a short term count....didn' t ask for the moon 

why ask.....i thought you were the expurtpop.gif

 

 

you might be my father for the age and a son of mine for the replies

 

im so old they didnt even teach history in high school.....yes.gif

 

 

 

in your high school they didn' t even teach to write then because history exists since the human kind learned to write......and this separates cultured men from the rest of society


forever and only a V-E-N-E-T-K-E-N.....though partly langbardic


#22 da_cheif

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Posted 13 December 2017 - 04:22 PM

depending on the recipient sometimes i have to write down to their level



#23 NAV

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Posted 13 December 2017 - 11:59 PM

 

 

 

 

c'mon guys....I just asked for a short term count....didn' t ask for the moon 

why ask.....i thought you were the expurtpop.gif

 

 

you might be my father for the age and a son of mine for the replies

 

im so old they didnt even teach history in high school.....yes.gif

 

 

 

in your high school they didn' t even teach to write then because history exists since the human kind learned to write......and this separates cultured men from the rest of society

 

 

wut r u taaking ? da cheif is an expurt in riting. purebs.gif


Edited by NAV, 14 December 2017 - 12:01 AM.

"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#24 ...

...

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Posted 19 December 2017 - 01:23 AM

Ha. I love Elliott. I first read about his ideas back in the '60s.

 

I'll tell an Elliott story. It's 1980. I'm on a plane to Mexico City. Perusing the most recent paper edition of my commodity chart service.

 

I notice what I think is a giant 4th wave in the grains. Huh. Who knows? May look like a top to a lot of people, but to me it looks like a months-long 4th wave. Could be explosive to the upside.

 

So we hit the ground in Mexico City. I find a pay phone and call my office. I tell my office manager to buy me (personally, not for any managed account) a million beans (200 contracts) and 300K (60 contracts) corn, along with some coffee and cocoa and other stuff on the open the next day.

 

I have no idea that there was an upcoming grain report (the big monthly!) in 2 days. At that point, I'm just a CTA metals trader (based on my system,) what do I know about grains, etc.?

 

Orders are placed and executed. Bang! Crop report hits a day later and beans and corn are locked limit-up bid for about 5 days running.

 

Click. 330K. Click. 330K. Click. 330K. Click. 330K. Click. 330K. This is getting boring, right? I'm back in town and sold it all off. Too early, but what do I care? Meanwhile, the metals are also running and we're long as hell. My system dictated that.

 

The 20% of customer profits on the metals was great (over a mill) but far more satisfying was the mill and a half made from my idle observation of what was going on in completely different markets.

 

All based on my interpretation of Elliott's theories, read about by me about 15 years earlier. And all long before there were thousands of Elliott "experts" around telling us all how smart they were.

 

I've found Elliott's observations useful in general over the years. I wouldn't try to base any trading system on it. Same for Fibonnaci stuff. Useful at times but not something to base any system on.