I'm using MTP 7.5 now for 5 months with very good results. I have to admit that it was at the beginning hard for me - as an Elliott practitioner - to realize the benefit of the isolated EW approach. The EW principle is logical and looks simple and clear (only) in the retrospective view, however, the confusion comes when you have to make decisions now with the consequences of loosing money. I think the assumption of a 50% "unclear and foggy" situation is not too far away from the truth. In this dilemma, your EW approach gives very clear and reliable guidelines. The longer I work with MTP 7.5 the more can I benefit from it
A.E. Private Trader
Elliott Wave (1) is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.
As such, Wave (1) is the initial swing off an importnat high or low…