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By their fruits you will know them. If your trading coach doesn't need a regular job, you are in good company. :)

The actual execution on hourly bars. Note the wave 4 created a most excellent breakout barrier. Note the momentum divergence, higher low, and enormous green candle as the third wave lifted off....... :D The remainder of this thread will be more of the same. 1. Countable Elliot...

Most recent trade setup. This trade caught the majority of wave labeled iii:

Current Account Status, 2012

Greetings. This thread will measure my equity curve for your enjoyment, and show a trend following strategy that has proven itself to me after testing everything else my heart desired. The objective: Catch the "tails" of stock trends using classic trend following tactics, technical...

I'm willing to give up a substantial part of the move for a better confirmation that it is actually happening. :)

For similar reasons, I have a lot against fundamental analysis. EW fits into my trend following system by filtering the buy signals by wave type. My be$t trades, by far, have been during a third wave (either the general market or the stock itself). Wave 3 is the first higher low and...

EW is very difficult to back test because programming a pivot requires some critical parameter selection (days back / forward being the first I can think of). From these pivots comes the trend lines, etc. I still haven't figured out how to do it. :) A simpler way would be to simply back...

Biggest change came from burning my bridges behind me. Then the answer just "popped" into my subconscious mind, even though it had been festering for some time. This came about 9 months after I started trading, then again a few months ago. I've been trading for less than 2 years. Here...

Everyone has a resonant frequency. The successful trader can find it and get the tails that happen to present themselvez.... :D

Your aim always was, and always will be to get paid by The Market for the assumption of risk you take with every position. There are millions of market participants who want the opposite: to give up profit potential just to lock in price and eliminate all risk of change. They are willing to...

BAC last week. My trend bot was out due to it being pegged on overbought but this juicy trade set up right as I came home from work. Bought that huge candle on the breakout. Elliot wave used for profit target. Waiting for the final leg up after wave 4 for re-entry...... :D +$1100

So true. I traded better when I was brand new, compared to a couple years later after "learning" all I could about whatever interesting thing someone had to say about the market and trading. The very simple essence of successful trading is the market pays you to help it move. When price...

So go long, don't fight the tape. You can always get out if it doesn't show you a profit.

Here

You have an opportunity to accumulate more calls at a discount.....

What a great thread. It goes to show, the grail itself is very simple. But the mentality required to recognize it is the difference between those who are the market and those who are punished by it. :D

A wise and very wealthy system trader once said: "System trading is ultimately discretionary" There is no escape from diving into the unknown, every time you put on a trade. You can always hit the mushroom switch if the algo stops performing. They call this "equity curve trading"...

I learned a lot from Tharp. I'd be willing to train with a professional, although the opportunity rarely presents itself. Actually, the guy I learned the most from had a subscription service where he proceeded to deliver the goods, over and over, 5-15% at a time using a ridiculously simple...

Could be true. It's gone so high so fast I dumped my shares at the top of the channel, 9.77 right before the close. That was a serious run. I doubt it's over.