Recent content by mccullek

Spansih, as someone that trys to read and keep up with this thread, and who really doesn't post much at all, good or bad, I thought I would just throw this out. It's meant to help, so don't take it the wrong way. I think what happens is that when you are in the "zone" so to speak and, these...

Last one I promise, but this was a small silver cycle in an uptrend. Count back from top to top, then count forward. Prices actually traded down into this reversal date, and then look what happened. These cycles are everywhere, but you have to watch the daily charts and know what to look for.

I agree, and also disagree with this. You have to determine the time frame you are trading, and then determine the trend on that time frame. You also have to know how to trade the trend following the price action, as you are correct, if you trade the trend and your timing is bad, you can lose...

OK, here's a look at my oil chart for Feb 09. Notice the three arrows I drew... in a down trend, you calculate the reversals or cycles based off previous lows. In an uptrend, you calculate future reversals off past highs. You get a daily bar count from low to low or high to high, then...

Here's the thing.... Yes, there is something that is pushing the price up, but you and I will not really know why until it is way too late. Even Spanish with his news alert won't know the real reason until it's long, long too late. We small time traders will never know what the big commercial...

Not trying to say I told you so, but there was a clear cycle bottom that could be identified in oil 2 to 3 weeks prior to it happening. I had 12/24 noted on my chart 2 weeks prior and on Christmas even I placed a post indicating that there was a high probability that prices would bottom that...

MJUK, go to the web address below and look for the book titled "Unlocking Wealth, Secret to Market Timing". Someone else introduced it to me, and I found the book at my library and read it first. It was good enough that I later bought it though, because you will need to study it some to get...

No, not Elliott, but cycle counts. Counting the cycles on the daily bar chart. It's not difficult, but it would take a few pages to explain.

Any time you see a gap open like we had last night, expect prices to try and at least fill the gap. Prices won't always turn back up afterwards, but I expected that today because we are now in a long cycle. No way to tell how far this cycle will go just yet, but make no mistake, we are in a...

There is a gap that was created on the open last night vs. the close on Friday. They are trying their hardest to fill that gap, and as of this writing, they are finally about to fill it. After that, I'd be careful of prices rallying again. Maybe not, but that's what I would expect and be...

Not sure what system you are using that told you to hang on to any shorts, but I think I'll stick to my cycle counts. The cycle count told me to exit shorts at the close on Thursday, and to go long on Friday if prices showed strength. I know a lot of people don't believe you can trade on...

The last person that was thinking along those lines was Sadam Hussien. The last legitimate Country brave enough to try anything like that was Japan I believe! Wonder if they still feel that way today too? :D

My cycle count indicates that today (Friday) could be the start of a new cycle to the upside in oil. It's not 100%, but I pay attention to the cycles when prices react to them, so be careful if you are short and don't be surprised to see a rebound, even if only temporarily. This could be a...

The ES has made a nice move down today, so I've been scalping it off and on for a nice profit.

I'm still paying about $65.00 to fill up with diesel, but a couple of month's back, I was paying about $140 for a fill up, which lasts about a week for me. I've considered buying something that gets better mileage, but the one I've got is paid for, so you can buy a lot of gas for what a new...