Topic: Yet another analyst :) - page 130. (Read 269580 times)

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and Waveaddict.  

Your Best Friend,

Smoothie

From my modest expirence, TA precedes news.

And some basic EW of this correction off the 1380 top.

and daily adx starting new round http://bitcoincharts.com/charts/mtgoxUSD#rg90zigDailyztgSza1gSMAzm1g10za2gSMAzm2g20zxzi1gADXzv

doesn't Satan have 2 heads?

just to be fair, being an analyst is not easy work.  one can never be right all the time.  but if you can get the trends correct most of the time you're doing good.  lucif is just doing the same thing most analysts do; he hedges by providing lots of different alternative scenarios via lots of lines and squiggles.  nothing wrong with that.

da2ce7, a valued sub of mine, gave me some great advice early on back in April when i was struggling to find my "style".  he told me to just tell my subs what i think will happen and to ignore all the skeptics or trolls.  so what i do in my letter is just that; tell everyone exactly what i think is going to happen, analyze why according to my cycle work, and that's it.  i rarely if ever put up alternative scenarios or hedge my calls.  it makes it cleaner, more intellectually honest, and allows me to focus my mind on the highest probability; no hedging.  the bad side is that i am an intermediate term trader (hold for months even years) and given the markets inherent nature to swing both up and down weeks at a time, i can look very bad when its moving against my general outlook.  this is where money management comes in.  sure i could be wrong in my views but at least subs get an honest, straightforward analysis of what i think w/o any double speak.  and i've become very comfortable with that.  its not a style for every analyst or subscriber that's for sure.

just my two cents.