Stock Market : Technical Analysis. Is any one making money consistently by using EWT on Stock/Forex market ? This thread is open for discussion on various aspects of technical analysis too.
I dont wish to reveal my vast share holdings (I wish). Never been into shares since I lost my saving in a day when I bought shares at the top in a mining boom in early seventies. However why dont you present your experience I would be interested but my life savings are in real estate (its in a tin buried in the yard). Alex
There is tremendous amount of web literature available on this, so no point stating what the theory is. The biggest drawback of this theory is that pattern can be analysed once it is completed, a completed pattern on any time frame appears to follow this, but it is difficult to catch the pattern while forming. That's why I asked if anyone is making money consistently by using this. I am planning to make it more deterministic, so that it can be identified clearly while forming.