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The only guy who can delete posts is newdigital I think.
Nobody of us have admin privileges.
I would like to add something, now that posts a lowering in rage and/or anger.
Many theories like EW or Dow was made near 70/100 years ago.
You can find a lot of explanations and dis/agreements about if them are applicable today.
However in my little experience I just can say: These theories had made thinking in stocks market. Leverage 1:1, 2:1.
When I see a weekly or monthly chart of any cross (gbpusd, eurusd) I can detect the primary trend, the secondary, etc.
Meanwhile hourly or dailies charts are more confusing.
We are here, 100 years later in a much faster world. High speed communications and the need (of course) of doing money fast.
I mean, 60 years ago, somebody could wait 6 years to be profitable with one trade.
The problem is how to sustain your account 66 months leveraged 50:1 paying three time interest than in 1920īs.
I only see a time problem, a different world problem, humankind desperations problem. More than a theory problem.
In fact, if you had bought euros at 0.86 ( together with warren buffet) in 2000 or cable at 1.40 in 2001, today you will be drinking coffee with Soros.
But, off course, you donīt have time and money to do that, you have to choose shorter time frames. Well, maybe someone have it.
In a m30 I have to trade with cat because itīs impossible (for me) see a clear wave count.
The first rule of Dow a followers is: you canīt manipulate the primary trend. Of course, you canīt see the primary in daily chart for the cable. And, you canīt go against the primary, just wait for the pullbacks to buy sell again.
And, maybe the pullback is about 3500 pips.
So, I believe itīs too hard to support a 3500 pips losing position if youīre 50:1 leveraged.
Same problem with the EW. If youīre using weeklies to have a clear view of market action, in forex, sometimes you have to fight with a trade with -2000 pips, to see, in the next 36 months, how the price starts to go up/down like you predicted.
What happened in the middle: youīve suffered a nervous collapse.
By the end.
Buffet started to buy stocks in earlies 1970īs. They don't make their fortune in 2 years.
Why only Buffet could do that and not a huge amount of people? focus, patience, an discipline.
Using EW or CAT you need these 3 gifts.
Just my 2 cents.
PD: I would like to extend the post because some things can be explained a bit more but I feel tired.
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