Rule-Based Trading Systems

[capt_jmj]

The fact is, I can't understand how anyone manages to trade profitably with EW, since it lacks the critical time component. "The market will definitely go down at some point in the future, but I can't say exactly when." Wow! How insightful is that? It has probably been deleted, but as I said in a post this morning (and may have been the straw that broke the camel's back), if you had backed up the truck every time the arrival of the dreaded wave iii was loudly proclaimed over the last 6 or 7 months, you would have gotten crushed. Of course, if the count was revised afterwards to account for the fact that it didn't happen, then it wasn't really wrong, but just try to convince your broker of that. I like certain fantasies in my life as much as anyone, but not in my trading.