Elliott Wave Analyzer Software That I

Elliott Wave Analyzer Software That I

I am not looking for a holy grail but as a beginner of Elliott wave student, a software that I can learn some basics of identifying Elliott Counts.

It seems Advanced GET had marginal usefullness, but it only played for trying to catch the 4th wave correction and the following 5th wave, as I recall.

Expensive, though.

Save yourself some grief and dont get into Elliott.

Second, even if you are right about the direction of the market, your entry price may be too high or too low, preventing the trade or reducing future profit potential.

Even if your entry was great, your stop placement may be too close or your exit too early.

If you give each step of this process a 50 rate of success (probably too high), by the time you reach the end you will achieve (at best) a 12.5 success rate.

Is there any wonder trading is so difficult for most author of Mastering Elliott Wave which I havent read, I wouldnt want to make my analysis life more difficult trying to apply his methodology, as someone said about Neelys method, it makes my head hurt, which may well apply to EW generally.

The RET guy swears by his product but I hear lots of complaints from the PS guys.

You have to have a thorough understanding of Elliott Wave theory first so you understand what the software is telling you.

I maintain my own Elliott Wave counts by hand on several stocks.

Elliott software is good for promiscuously scanning the universe of stocks for certain patterns like wave 4 buys.

They do the interpretations and stuff and provide a monthly report as well as daily analysis during the week.

I am looking for help in figuring out whats going on with this market.

I have a a bunch of stocks for retirement and Ive been on the buy and hold method.

Would appreciate tips for ideas including info about e wave track record.

Ive attending conferences where they pull up charts that look so perfect with Elliott.but the truth is that, real world charts dont follow Elliott too often.