beathespread

I found this article by Neely on the web. It is interesting that Neely gave up predicting with Elliott waves for the stock market. 

I think the situation is approximately the same for the EURUSD, check this shot  :

Well, something interesting to read about manipulation on the market, how to detect them to avoid them

http://www.plosone.org/article/info%3Adoi%2F10.1371%2Fjournal.pone.0045598

I think this is the way to use the availabe extrapolator indicators, forming a commitee from them.

Hi

There are several types of Extrapolator indicators.

Their reliability is based on type  of algorythm, number of bars analyzed.. but for sure, the timeseries as input values doesn not reflect how is the market. Because, the market is like a torrent or a river.

There are several factors to take into accounts, outside the vision of the clouds created by the orders :

- the volume of orders (more there are many orders, the markets goes throw the direction given by the biggest orders.)

- speed regarding how the market is reacting.

- the current oscillation between ask and bid, sometimes, there is a cross between bid and ask

 Those extrapolators does not take those parmeters into account. I tried for 2 years many extrapolators and their results are less than expected at first glance

I thought using simultaneously a bunch of extrapolator (fourrier/ Burg/ Gauss) about fetching results. But I was not statisfied