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Im playing it long here - got a nice conservative entry at big resistance. Decent buying at yesterdays HOD. Still expecting this to blast off - very tight stop. Dunno if this will hold. Thinking of getting out here. Not liking what im seeing.

Im a newbie and i have to say i have read about 40-50 trading books. However, i came to the conclusion 3 months into my training that any book giving you rules how to trade never made me money. Some books are great at giving you the basics like Fib, trendlines, pattern recognition. However...

I have been playing it short this morning, got stopped out on 1 though, sellers were struggling to push lower and i found it very difficult getting a conservative entry. However, even though i am bearish and have one measly YM short since after hours on monday. I took the long signal on ES...

No way no imo - but everyone has a subjective view of this. I believe we had the ABC retrace from the July highs to the august lows. Then we had the blast off and formed wave 2 on the 50% retrace in september. Then the rest has been a massive rise also my wave 3 which is often the most...

Yeah i wish i played long side more today but i can't complain - rectangle formation is easy pickings imo. Made most of my $$$ from the short side today, wish i had gone long on the open however. Good trading to you to sir.

That was easy long at the end of the day. The sellers could not break 67 and buyers stepped in. Nice scalp to end the day right there. All out at 70.25 - done for the day. Great day to finish the week - good weekend to all.

Hmm could you post a chart please. I only use elliot on very long timeframe now because when i started and tried to use it on smaller timescales it just made me lose. Its much better use on longer timeframe for myself - all im seeing on my elliot wave is wave 3 still intact. Thats why i would...

Diamond top could form with inverse head and shoulder may form - if so then i will like to play the downside on the break. It is a reversal formation so lets see what happens. If it breaks out topside then it will act as a consolidation pattern. On 24 hour chart valid inverse head a...

Oh rite much bigger picture - yeah i see it. I was referring to the 15 min chart for the broadening formation. Looks like its about to break downside unless it holds here.

Im not seeing a diamond top myself. Im seeing more of a broadening formation. Either way i think its clear distribution going on. I want it to break one way or the other. Odds are for upside breakout - might just be a head fake. Im on sidelines until i get a clearer low risk entry.

Good stuff storm - any ideas on future direction. Im thinking we might see some consolidation here but im sure a lot of people are expecting some more downside after yesterday evening action. Even though im 1 still short and don't know where we are going from here. Target is 65 for the...

Im with you on this one, still it might get to 75 before any turning point. Im seeing this as a low risk short. I will have tight stop (don't mind getting stopped out and getting back in at a better price) and scale out as it goes in my favour. [/B] Has to wait for that one but it was...

Im with you on this one, still it might get to 75 before any turning point. Im seeing this as a low risk short. I will have tight stop (don't mind getting stopped out and getting back in at a better price) and scale out as it goes in my favour.

Bulls came back and i had to scalp long here - probably sold to early. Still expecting some sellers to show up and 72-73. This will be interesting to see which way this is going.

Pretty quiet here today. Had some amazing confluence at the HOD. Was waiting for 72-73 to be hit but prices stalled at 71. Was roughly 50% retracement from yesterday, 71 was a previous POC and major moving averages resistance on my 15 min chart. Had some decent gain yesterday and put my...

Thats good advice, ebb & flow - i don't give a damn what the cause was. :D That last move down was the easiest $1000 i ever made. Massive selling down and i made my money going up - makes me feel better considering i missed out on the down move.

Wow this is crazy - what is going on here???? :confused:

This was beautiful, got in near the trend support line. Wow i love this volatility. Out 3 at 75 :D

Sorry your just talking semantics here - we all know Buy1Sell2 is a longer term trend follower - i think he plays close attention to the 60 min the 240 and the daily. As i day trader i also use the timeframes, but my most commonly used timeframes are 1,5,15 min frames. To me the longer...

Why would you follow Buy1Sell2, he has his trading style and others have theirs. What works for him may not work for others - lets not get ahead of ourselves, he his a great trader and his method works for him but this does not mean others can't outperform him. As for trend following - it...