The whole reason for the book

[TS Hennessy]

I responded to this Q on another forum and
thought it would be good to put here as a
first post.

Quote:
Originally Posted by ninohoang
HI Cyclon,
I just downloaded your ebook and finished reading it. I haven't clearly understood the new rule , but I'll reread it again until i can grasp the new concept. It does seem to make sense to me. Thanks for the book. I think it's fantastic.
I have been using EW for about a year or so. I haven't been successful with EW but keep learning everyday. I primarily trade Forex. Sometimes Forex is so fast and furious and I often have the wrong counts. Is there anyway to improve my forex trading with EW principles?
In your book, I think you did mention the supertrade system. I think you might be the founder of that system. Is there any link between the supertrade system and the new EW rule that you propose? ( I think you mentioned briefly about that link in your book). Hope to interact with you soon. Cheers



Hi ninohoang,

The whole reason for writing the book is EXACTLY what you have
experienced with EW.

You are not alone in this experience, believe me. The book talks
about the reasons behind the general understanding of EW as
a "Theory" but it is far from it.

Here you are after a year with EW and the right approach has not
come about for you. That is quite typical as you read other's
experiences. There is so much confusion about rules.

As you see the New Rule strips away all the alternate and maybe
and "what it cannot do" stuff.

It strips away most of the things which got added onto the rules
as necessary ways of coping with an "unknown" which is an actual
RULE and is seen in every single solitary wave cycle.

Of course the same thing which has allowed this to go undetected
is just what caused you to have confusion.

We have seen what we were told to look for and when it does not
give a definitive count or ends up just seeming like it "broke" the
rules we do not question the rules and instead question our own
ability.

I was in the same situation but I got a little help which you read
about in the book. Once it is opened up to your eyes as a rule you
just see it.

Don't worry that the confusion lingers because I watched it for a
almost a year to make sure it was real. I've known it is a rule for
over 4 years but went into developing what else it could do.

For you this should clear up extremely quickly because it gets seen
constantly at the very time you need it most and the very time
where it caused the original trouble for Mr. Elliott - at the swing pivot.

As the book reveals there was much trouble for him on this issue and
the trouble has remained until today.

Just be prepared to completely revolutionize your EW paradigm.

This Rule is self evident and self validating once the obstacles
have been tossed. I would not give the confusion caused from all
the former baggage more than a few finished waves before this
becomes automatic.

That Spare Parts list in the book is extensive, isn't it?!

As far as the Supertradesystem goes, as stated in the book, they
are not linked, just built upon the same things and each has
advantages and disadvantages compared to the other.

They are numerically joined at the hip and both of self-similar
fractal nature in application at any degree.

For instance, we have traders using fibonacci-tickframes now and
seeing full application even below 1 tick if you want to be quick.

It is speed and trend analysis using tools. The same method is
used on all timeframes and formations and pairs. The two are not
designed to be used together but you could of course.

It will be a pleasure to talk further. I see you have signed on.

Many pips to you.

Cheers,
Cyclon

[forexspeculator84]

HI Cyclon,
Thanks for your kind reply. It helps me understand a bit more. I am reading the book again to clearly understand the concept. I hope to interact and discuss with you about EW soon. By the way, thanks for creating the forum as well.

Cheers,
Forexspeculator84

[Bogie]

Hi Tom,

Thanks for the ebook. Interesting stuff.
I like the addition of the "extra" degrees. However, Grand Supercycle, Primary, and Intermediate degrees are difficult to add to a chart, given the fact that the number, or letter, is enclosed in either a square or a circle. Maybe there's a way to do that with a keystroke or two from an existing character set, but I haven't tried to figure it out yet.

I understand from the ebook that you don't want to depart too far from existing, accepted, symbols. However, if we now have an improved EW methodology, we may as well make the plunge and offer up an improved symbol list that is PC friendly. Just my thought on that.

I took a stab at trying to incorporate the new rule in marking up a chart. It's the first time that I've been able to mark up a wave that seemed to make sense, and, to do it without getting lost somewhere in the middle of the count. What I did may be all wrong, but, like I said, I didn't get lost in the count, and give up in frustration.

I was going to attach the chart, but I see that it needs more work yet.

Cheers

Bryan

[TS Hennessy]

I hear ya, Bryan!

It really DOES make the wave 'make sense'.

I am very glad to see it works that quickly.

As for degree labels, I know what you mean. The PC wasn't around then
but it sure is now. Maybe the EW standards committee will have an
answer for us soon.

Wait... you're not suggesting!!??




[Note: This thread began to take a decided turn toward labels so I
started it in its own thread called "Degrees and Progress Labels".
http://newelliottwaverule.org/forums/thr...html#pid69 ]