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There it is... Sirf now trading up into first resistance at $28-29.23. Projected buy price over a month in advance was 24.44, the low was 24.29, 15 cents off. Here is the updated chart from the first post.

I dont usually trade oil, especially in cases like this. From my analysis that 54 area was very strong support and pretty much the last hope for the oil bulls. The question is now is if this will be a confirmed breakout below it. It traded down to the next the support on an 81min chart. It...

There is your retest, I hope you guys at least got a unit short in at the highs...

Hey BB, Been busy with xmas and vacations so just getting back into the grind. Yes, if there is a selloff it probably wont commence until next week. But the zone has seemed to put a stop to this rally for the meantime. I still think it needs to get a bit higher into the zone and run some...

bullish 5 wave move is overlayed with many other cfs that I can not comment on. Bulls are exhausted, a correction is imminent. The magnitude of the correction could be big as we are in a weekly resistance zone. I have called these 30+ point declines to the tick numerous times over the past...

We'll see... I trade like 1% of the trading community. Nothing is certain in this business, but high high probability it doesnt get to 1444 today. This could be the start of another weekly decline, just may need to get the stops above 1440.

We have contact with R2.... get out of your longs now. We will probably get a retest and possibly move a point or 2 higher but I would seriously consider putting stops to breakeven if you are long

Here are the levels for today. Possible 5 wave move completing in the 1440 area. Any confirmed move below 1424 will probably result in another bear move.

Try calling it 2 months in advance..... http://elitetrader.com/vb/showthread.php?threadid=79351

......Updated Chart....... Notice the month consolidation at the first pink zone. It is now in the second zone and has been in this range for over a month now. A sustainable breakout is on the horizon. If they are going to take it down they will most likely run the stops above the December...

Euro Future

Well we got the retest, minimum of 78.6 retracement from highs and then it got mutilated. I began this thread with the intent of calling a climatic top and the price behaviour has definately been exhibiting just that. We are at a critical zone now. It is now in the process of completing a...

The only problem with the system is that if you are good at constructing key levels, there is usually a lot of consolidation at those levels. The slippage and small losses will add up. I suggest going over months and months of charts trading the right edge and tracking the peformance. You may...

You obviously are missing one of the greatest element of a good trading plan. Dont you realize that most good systems have statistics on what the outcome on the next trade would be after 2 losers in a row etc. I dont know if Romik can really backtest this way and use this to his advantage...

Grow is very oversold at the moment. My anaylsis is showing that this 55.44 area is key for the bulls. A good bounce from this area is a high probability. You could get long in here and place a close stop and get at least a move to the local pink R zone. There will most likely be a gap in the...

I gave you the short term top and now I have given you the short term, possibly long term bottom. Sirf stopped at the 24.73 buy zone, DB and is now trying to head up into resis( pink levels) If it can get above those, it has good odds of getting up to that 45 level. Most likely move up to...

tax free? You in the Bahamas? How do you not have to pay commissions?

You may want to check those levels out intraday. I have a feeling that a lot of those clean breaks shown on the weekly chopped around on a 15 minute or daily enough to get you in and out several times. This would eat up many small losses, commissions if you are trading large size and not to...

To be honest, I am glad that you dont use it. The less people that use it and think that it only works with 20/20 hindsight the better.

Surdo you have to adapt to the market, its organic. Your analysis is not going to be right every time. Its the ones that act accordingly that survive. I trade with 20/20 foresight, not a rear view mirror.