Elliott wave charts & predictions

Please, some website's wimpy AI can't touch feline intuition.

It makes perfect sense as a double compounded third and fifth..... (cherry not yet on top)

extended fifth.jpg
 
On my phone but it looks like zig zag just let's you do zig zag lines with prices...kind of like when you put a big racing stripe on a car. :)
You set the parameters and it zigs and zags if price moves a certain %.
The percent I used is shown in the upper left hand corner of the chart.
probably less use than a racing stripe. :)
 
Basically if you are using stops you need to ask yourself if you should really be taking the trade at all.

Ah the old "I only take winning trades and average down when I'm wrong" strategy.
I can't see this ever going bad.
 
So would I. :)
I mostly don't use stops because they don't work after hours, so if things go bad you are probably going to get gapped down anyway. I will use stops if trading crypto as that is 24/7, but only if I am super leveraged and don't want to risk liquidation...but even then I am usually pretty confident with my entries and would probably prefer to average down. Basically if you are using stops you need to ask yourself if you should really be taking the trade at all.
Hello wxytrader,

Very great post!! I like it
 
Hello wxytrader,

Very great post!! I like it

You should learn how to do elliot wave analysis like wxy, it would make you wait before taking a trade until your brain figures out the supports, impulses that blast thru them, and corrections that zigzag all over themselves. It might make you stop gambling and learn when money is raining from the sky!
 
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