trading journal: elliot waves in p.s.

some key points from last night's elliot wave online class (Module 4):

• Biggest problem of elliot wave: subjectivity
• therefore in p.s., some complex rules are excluded from the calculation
• TAPP -> time and price projection. stat TAPP: historical TAPP. fibonacci TAPP: based on fib sequence, ratio can be adjusted
• EBOT: elliot breakout trigger (end of a waave, use to signal when to enter/exit. based on standard deviation channel.
• range projector signals when and where the stock will go
• green upward arrow signals buy, red downward arrow signals sell
• walk thru mode is useful for backtesting

somehow i still feel human perception of chart is superior to algorithms. hmmm