http://www.traderslog.com/get/ Online Trading Community for Stocks Futures and Forex Traders Tue, 27 Dec 2011 07:21:15 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.traderslog.com/get/comment-page-1/#comment-88 Joe Thu, 19 Nov 2009 00:13:59 +0000 http://qs2506.traderslog.com/?p=7832#comment-88 I used this software years ago when it was hot. It was very expensive. You will never learn it with a 30 day demo. That's where these expensive programs get you, with a short demo then you are stuck. It takes months to figure out you can't make money with Elliot Waves. The Elliot Wave counts and projections would change on new bars coming in, so Elliot Wave counts and projections from two bars ago would change completely on new data. Elliot Waves are useless... They can never be back-tested because they keep changing on new data coming in. What was wave 1 magicly becomes wave a, then wave 3, then wave b, then wave 4. You get the idea. Never buy anything that can't be back tested. The only thing that the software does very good is trend lines. I doubt anyone would want to pay such a high price for good trend line charting however. I used this software years ago when it was hot. It was very expensive. You will never learn it with a 30 day demo. That’s where these expensive programs get you, with a short demo then you are stuck. It takes months to figure out you can’t make money with Elliot Waves. The Elliot Wave counts and projections would change on new bars coming in, so Elliot Wave counts and projections from two bars ago would change completely on new data. Elliot Waves are useless… They can never be back-tested because they keep changing on new data coming in. What was wave 1 magicly becomes wave a, then wave 3, then wave b, then wave 4. You get the idea. Never buy anything that can’t be back tested. The only thing that the software does very good is trend lines. I doubt anyone would want to pay such a high price for good trend line charting however.

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