Ha.....it took balls of steel today on my ripping mountain bike descent on Tyler's Traverse - https://www.youtube.com/watch?v=6nzGLB5HQ38 But regarding IJH.....I get it, but it is a reasonable set-up across the board IMO

"How much more grievous are the consequences of anger than the causes of it." Marcus Aurelius

GM Richard....it is impossible to satisfy everyone in these days, I get it. There are hucksters everywhere and lots of noise. I do however put forth ideas and techniques that have worked for me over the years. Thankfully there is a long catalog of my videos/forecasts here at RV that support my approach, it just takes some time to go back and review/verify that. Have a great day.

Dave Floyd, please don't let negative comments here dissuade you from continuing posting very interesting videos. I am definitely a TA guy but have never cottoned to EW (it just didn't resonate with me - too subjective for my taste; but that doesn't mean other people can't find useful dimensions to it so more power to you!). Fib's are just one minor indicator I do look at and if other TA signals align with it (like RSI/Stochs and/or MACD) I will give the signal even more credence. I really like your TA segments so I look forward to future ones. Thanks!

Richard M....not dissuaded at all....disagreements come with the territory, and I welcome constructive feedback and criticism. That is how we all learn. Life is too short to argue in soundbites....RV was founded to invite objectivity, transparency and thoughtful discussion/debate. Soundbite analysis/critique can be found in plenty of other venues nowadays.

Richard, personally I'm not clever enough to use EW as a trigger - I have to rely on old-school stuff like order flow, price action, etc. But I do look at EW as a potential source of info to help shape my bias. Like many other things in life, trading is about digging up evidence, ideally from non-correlated sources, and seeing if the pieces fit together in a compelling manner. Whether Mr. Floyd is right or wrong on this call (and, for what it's worth, I think there's a good chance he's correct), he has looked for evidence and argued his case on the basis of what he sees. Re signor Fibonacci and his bunny counting - sure, I take your point. On the other hand, if you prefer 'fundamentals' do you really believe everything you read in a set of GAAP accounts, let alone all the 'adjusted this that and the other' fantasies that Wall Street purveys? Again, just as when using different technical analysis techniques, you simply have to dig around in the data deluge and piece together the clues. And, of course, there is no infallible 'secret' to trading. I don't think any of the contributors to RV, who on the whole are pretty bright people, would ever be daft enough to claim there is. And if I'm wrong about that and there really is a secret, don't expect it to be shared on RV - or in any other public domain.

I guess Richard F before calling hocus pocus you should check AAOI (David F's last call )

I think of waves & ratios as like 2 steps forward, 1 step back. Or 3 steps forward, 2 steps back. I don’t the mathmatician line helps the argument. Its pyschology & seeking a sign.

While I have my own approach and I know nothing about EW, my only comment relates to Dave saying "quantitative". Perhaps it is all semantics, but correct me if I'm wrong, it was not a "quantitative" reason, it was still another "technical", no?

Greg O.....there was quantitative data discussed....."Midcaps made a fresh 1-year high for the first time in 3 months." That scenario has produced higher levels of 12.5% on average one year out. It has played out like that 21 of the last 22 times this occurred.

Greg O - I had stated at the start of the video that there were TWO reasons for the trade - Technical and Quantitative