USD

Brazil CB continues to buy USD even today ( dow jones newswire of oct 7 2010)

davo
i do it only on EW and few indicators
temporality and time frame are the mosst important ^part in EW. if not integrated in your counting then it is useless and u will have a lot of invalidated scenari.

SB, main trouble with EWA is its generally taught very badly. I had a 3 year break from it back in about 2000 and when I came back to it I started using it objectively. ALWAYS look for 3 alternate counts. Never get married to your preferred count and use fibs and symmetry correctly.

I have taught EW in RT trading rooms but not many students can grasp the concept to their benefit and I really don't think we should start discussing the subject here in any great depth. If Ash wants to give an an RT room with audio I could handle it.

I tend to direct newbs to learning sym and fibs first plus classical chart analysis. The EW is the icing on the cake if you can get it about right and have the right attitude. Nothing you fire at me will not be catered for in one of my 3 alternate counts and then if you want we can look at weekly and monthly for the larger perspective.

What really matters is that many of my "levels" play incredibly well regardless of whether I have managed to read the EW count correctly. Current GU position good example and the EG high on Sunday opening another recent example. Symmetry plays well most of the time in all markets. The EW simple ABC corrective is THE most profitable trigger I have ever come across. Bastardised as "zig zag" or "two step" or "butterfly" or whatever but RN. Elliott's work gurus like to make their own and rename.

If you think I am too much into EW you must come visit my rig. MP also plays a large role and I intergrate various things to form clusters of support and resistance. What works for me will not work for you and vice versa !

i pray god but i am a psyche technicalist.

Your 50% assumption should not be set in stone.