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Craig, I purchased the book Dynamic Trading by Robert Miner in December 1998. I have been consuming TA since last July through reading books, surfing the web (SiliconInvestor is by far the most educational site), and playing with demo software programs (Advanced Get, Fibonacci Trader, AIQ, Metastock 6.5(I own), TC2000). After reading Miner's book I have decided that the Dynamic Trader and/or Advanced Get through Elliott Wave analysis is the way to go in order to become a successful trader. I too would love to have this thread become much more active so here goes. As you stated, Miner believes that markets only exhibit a useful Elliott wave pattern about 50% of the time. My problem is the useful 50%. I find wave 2 to be miniscule compared to 1 and 3 in a severely trending market many times and therefore am unable to label the end of wave 1 and the beginning of wave 3 as pivots. It's as if the wave's have to jump out at me or they are not there at all. Am I paranoid?? When I do find a good 5 wave impulse pattern it's great until the end of the 5th wave. I feel naked at that point! What do I do from here, it was such a great ride, weather up or down. Is the next pattern going to be an ABC or the start of another 5 wave pattern? How do you know the difference? Do you stand on the sidelines until the 3rd wave is in motion? That's all for now.Frank, Blake, Arb and all please chime in with your experiences with Elliott wave and Dynamic trading.We could talk about a multitude of subjects ranging from entries into a wave to moving protective stops when prices are moving your way(another problem of mine). I would like for someone to pick a commodity which they perceive is in the beginning of an impulse wave 3 and the thread discuss Miner's methods from there complete with entries, protective stops and exits. Thanks for listening - Lenny |
