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Opinions on ESMA & Financial Markets

Professional4X
Jul 08 2018 at 20:05
1189 posts
NottsBlade posted:
….and no I'm not taking my meds


Well this explains why you aren't thinking clearly.
Seek immediate medical attention if needed.
Please get your medication straightened out.

NottsBlade posted:
and yes I am trying to get psychiatric help. I hope this answers your questions!!!


That's good. Perhaps professional therapy can help you with your emotions.
They are clearly in control of you, rather than you being in control of them.
It's a difficult skill that few people can truly master.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
NottsBlade
Jul 08 2018 at 20:39
75 posts
NottsBlade posted:
Financial Markets - Elliott Wave Theory


The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call 'Elliott waves', or simply 'waves'. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that 'because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable.

Since when did humans become psychologists in the behaviour of Artificial Intelligence? I thought they were being programmed to tell us what to do!!!

The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, moves between optimism and pessimism in natural sequences. These mood swings create patterns evidenced in the price movements of markets at every degree of trend or time scale. Algorithms do not have emotions, neither does Artificial Intelligence!!!

If algorithms are trading the financial markets how can the markets be showing collective investor psychology with all its emotions.

I'm not having a go at Elliott Wave, I'm not having a go at Robert Prechter but if the financial markets are a representation of mans productivity where does Artificial Intelligence come into it.

Furthermore how can we trust volume? If HFT are making millions of transactions a day how can that be classed as investor (people) transactions.


As for market manipulation: 'Manipulation is possible in the day to day movement of the averages, and the secondary reactions are subject to such an influence to a more limited degree, but the primary trend can never be manipulated'. The Dow Theory, by Robert Rhea (Rhea, p.12) and (2)


Refutation of the first idea in pages 379 -384 of Pioneering Studies in Socionomics (2003) and a challenge to the idea of any consequential manipulation of the averages in pages 365 - 370 of the The Wave Principle of Human Social Behaviour (1999)


My personal opinion is that Elliott Wave is used to some degree to manipulate the financial markets. This is my personal opinion, but if you're counting waves and you label them a, b, c and the market spikes making 4 & 5. I'm not saying Elliott Wave does not exist because I believe under perfect conditions is probably does.


Professional4X
Jul 08 2018 at 21:12
1189 posts
NottsBlade posted:
My personal opinion is that Elliott Wave is used to some degree to manipulate the financial markets. This is my personal opinion, but if you're counting waves and you label them a, b, c and the market spikes making 4 & 5. I'm not saying Elliott Wave does not exist because I believe under perfect conditions is probably does.


Wrong.
Elliott Wave isn't manipulating the financial markets. You clearly DO NOT understand how investment markets work in general or how currency valuations are actually determined.

What YOU are doing when you analyze a chart, is looking to recognize the Elliott Wave pattern.
Pattern recognition is nothing more than the visualization of past events from the 'real world' being reflected in the markets, and given the statistical probability of repeated patterns of outcomes from those past events (markets are cyclical), then you can establish a setup of high probability for that specific instance.

However this is still nothing more than just a technical indicator showing a possible pattern, you are not considering the actual HOW AND WHY the events took place, or what the greater level of impact those events will have on the markets.

Successful trading is SO MUCH more than just throwing a technical indicator on a screen.

To be successful you have to understand how the markets really work, and you MUST absolutely leave your emotions out of trading.

Kill your losing trades, let your winning trades run, collect them in profit when you hit your target. Don't get greedy.
If you did your job correctly, then hitting your target and collecting the profits is exactly what you should be doing.

Do you feel pleasure when you close a winning trade?
Do you feel loss when you close a losing trade?
Do you hold losing trades because you hope they will come back up? Why hold them? That's stupid. Close them, then open them back up when the markets come back to this price.

Do you feel a slight rush of excitement when you place a trade?
Do you feel proud and joyful when you see a trade become profitable?

If you said yes to any of those, then you do NOT have your emotions under control.

If you did your proper homework and proper advanced research, then you should know already if your trade is going to be profitable.

But of course, even if you did your homework and all your research properly, that is still no guarantee that you will be profitable.

If the trade goes bad, then it goes bad, kill it, analyze the markets again, and make the next trade when appropriate.

If you can't do that without emotions, then you have no business trading. Emotions cause traders to do STUPID things, and STUPID things cause BLOWN ACCOUNTS.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
NottsBlade
Jul 08 2018 at 21:14
75 posts
NottsBlade posted:
NottsBlade posted:
Financial Markets - Elliott Wave Theory


The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call 'Elliott waves', or simply 'waves'. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that 'because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable.

Since when did humans become psychologists in the behaviour of Artificial Intelligence? I thought they were being programmed to tell us what to do!!!

The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, moves between optimism and pessimism in natural sequences. These mood swings create patterns evidenced in the price movements of markets at every degree of trend or time scale. Algorithms do not have emotions, neither does Artificial Intelligence!!!

If algorithms are trading the financial markets how can the markets be showing collective investor psychology with all its emotions.

I'm not having a go at Elliott Wave, I'm not having a go at Robert Prechter but if the financial markets are a representation of mans productivity where does Artificial Intelligence come into it.

Furthermore how can we trust volume? If HFT are making millions of transactions a day how can that be classed as investor (people) transactions.


As for market manipulation: 'Manipulation is possible in the day to day movement of the averages, and the secondary reactions are subject to such an influence to a more limited degree, but the primary trend can never be manipulated'. The Dow Theory, by Robert Rhea (Rhea, p.12) and (2)


Refutation of the first idea in pages 379 -384 of Pioneering Studies in Socionomics (2003) and a challenge to the idea of any consequential manipulation of the averages in pages 365 - 370 of the The Wave Principle of Human Social Behaviour (1999)


My personal opinion is that Elliott Wave is used to some degree to manipulate the financial markets. This is my personal opinion, but if you're counting waves and you label them a, b, c and the market spikes making 4 & 5. I'm not saying Elliott Wave does not exist because I believe under perfect conditions is probably does.


Professional4X
Jul 08 2018 at 21:15
1189 posts
NottsBlade posted:
My personal opinion is that Elliott Wave is used to some degree to manipulate the financial markets. This is my personal opinion, but if you're counting waves and you label them a, b, c and the market spikes making 4 & 5. I'm not saying Elliott Wave does not exist because I believe under perfect conditions is probably does.


Multiple quote postings of your own messages? That's pointless.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
NottsBlade
Jul 08 2018 at 21:17
75 posts
NottsBlade posted:
NottsBlade posted:
Financial Markets - Elliott Wave Theory


The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call 'Elliott waves', or simply 'waves'. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that 'because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable.

Since when did humans become psychologists in the behaviour of Artificial Intelligence? I thought they were being programmed to tell us what to do!!!

The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, moves between optimism and pessimism in natural sequences. These mood swings create patterns evidenced in the price movements of markets at every degree of trend or time scale. Algorithms do not have emotions, neither does Artificial Intelligence!!!

If algorithms are trading the financial markets how can the markets be showing collective investor psychology with all its emotions.

I'm not having a go at Elliott Wave, I'm not having a go at Robert Prechter but if the financial markets are a representation of mans productivity where does Artificial Intelligence come into it.

Furthermore how can we trust volume? If HFT are making millions of transactions a day how can that be classed as investor (people) transactions.


As for market manipulation: 'Manipulation is possible in the day to day movement of the averages, and the secondary reactions are subject to such an influence to a more limited degree, but the primary trend can never be manipulated'. The Dow Theory, by Robert Rhea (Rhea, p.12) and (2)


Refutation of the first idea in pages 379 -384 of Pioneering Studies in Socionomics (2003) and a challenge to the idea of any consequential manipulation of the averages in pages 365 - 370 of the The Wave Principle of Human Social Behaviour (1999)


My personal opinion is that Elliott Wave is used to some degree to manipulate the financial markets. This is my personal opinion, but if you're counting waves and you label them a, b, c and the market spikes making 4 & 5. I'm not saying Elliott Wave does not exist because I believe under perfect conditions is probably does.

Elliott Wave is emotion Elliott Wave is about peoples emotions and they're trying to replace that with Automated Systems - Artificial Intelligence. How can Elliott Wave be a true reflection of human behaviour when the majority of trades are HFT!!!

Professional4X
Jul 08 2018 at 21:25
1189 posts
NottsBlade posted:
Financial Markets - Elliott Wave Theory
The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), eing programmed to tell us what to do!!!



Repeated quote posting of yourself is pointless.

You are clearly showing that you are incorrect, and you do not understand at all how the markets really work, even in using this website you are proving that your emotions are in control of you, where it should be you being in control of your emotions.

My advice is simple, Seek assistance from either a Psychologist or Psychiatrist who specializes in dealing with Professional level traders who need to control their emotions to be effective when trading.

Without control of your emotions, and without truly understanding how the markets work, you will never become a successful trader over the long term of your trading career.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
NottsBlade
Jul 08 2018 at 21:27
75 posts
Wave Personality

The idea of wave personality is a substantial expansion of the Wave Principle. It has the advantage of bringing human behaviour more personally into the equation. The personality of each wave in the Elliott sequence is an integral part of the reflection of the MASS PSYCHOLOGY it embodies. The progression of mass emotions from pessimism to optimism.

Furthermore Winston Churchill suffered with mental health problems and 'NO' he didn't take his meds!!!

Professional4X
Jul 08 2018 at 21:31
1189 posts
NottsBlade posted:
Wave Personality

The idea of wave personality is a substantial expansion of the Wave Principle. It has the advantage of bringing human behaviour more personally into the equation. The personality of each wave in the Elliott sequence is an integral part of the reflection of the MASS PSYCHOLOGY it embodies. The progression of mass emotions from pessimism to optimism.

Furthermore Winston Churchill suffered with mental health problems and 'NO' he didn't take his meds!!!


Another example of an EMOTIONAL response rather than a RATIONAL response.

You do not understand how the markets work.

Please get your emotions under control.

In order to be successful, you have to be disciplined in all aspects of ones self.

This goes for trading and all other aspects of ones life as well.

Without self control and discipline, how can you ever expect to become successful?

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X
Jul 08 2018 at 21:35
1189 posts
NottsBlade posted:
Furthermore Winston Churchill suffered with mental health problems and 'NO' he didn't take his meds!!!


1: You aren't Winston Churchill.
2: Mental health issues are a serious problem.
3: If you have mental health issues which are currently not under control, please seek Professional help immediately.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
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