Recent content by TraderRob

Nothing more than a correction.... out at 1002.50 and looking to get long!

Trade execution.... 2 minute ES attached

Attached is a better chart to illustrate what I am looking at(C wave decline). Good trading! Robert

C wave decline today? If my analysis is correct we should decline in a C wave to the 960-958 area in the S&P. 958 is a .382 retracement from the most recent high. Short the ES from 1001.50 Chart from the July 8th low attached. Robert

Mup your 666 price and time chart is fascinating.... for you, does this increase the probability that a top is in? Robert

Mup, what are your thoughts on divergences between the indices near tops or bottoms? My experience is that divergences typically occur at important turning points. The attached chart shows a major divergence between the ES(middle) and NQ, RM. Your thoughts are appreciated! Robert

Congrats on a profitable day... I was a bit too confident in my position and let some of my profits slip away. I like the analysis that you and Mup have been providing on the triangle and a new high. I try to go into each trading day with an open mind and no bearish or bullish bias. I believe...

Covered with a nice profit, but the market took back a lot of my profits with that late rally. Attached is an alt count or perhaps the triangle that has been mentioned is on. Robert

Kool.... that was smart to move your stop to break even. Preserving your capital is more important than being right. Robert

3rd wave update.... Dow may be off 150 - 200 by the end of the day! 2 minute ES attached! Robert

Kool Blue... I do not agree with your count. Look more closely at todays trading on a 1 minute chart and you will see that the wave you have labeled as 4 is 5 waves.... a perfect match for my irregular wave C/II count. Good luck with your position... Robert

3rd wave update... KoolBlue, I hope you have a tight stop! Added a second short in the NQ(weakest of the group)... see attached chart. Below 993 and the Bulls will be running for cover.... 2 minute ES attached Robert

A huge wave 3 today??? Attached is my chart(1 minute) of the trading from this mornings high. If my count is correct we should see a 3rd wave of 1 to the down side. KoolBlue... tighten up your stops! I am short the YM from 9262 Robert

Hi Mup, do you agree with this wave count and if not, what is yours? I am counting yesterdays high as 5 of 5. I am short the ES from 1002.25 in tonight's session. The high in the ES is 1006.50 only .50 away from your prediction of 1006..... great call!!! 10 minute chart of the YM...

Mup, like you, I cant wait to hear CNBC proclaim that "we are in a new bull market".... when I hear that I will immediatly look to get short. As always, your analysis and especially your alternate counts are appreciated. Robert