ES Journal Archive (2006 - 2008)

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Quote from K-Rock:

?

If they did, they might not want to tell you on a public board. I've looked at them, but they don't suit my fancy, so I don't use them.

This guy does:

Simple as 1-2-3

The guy used to run a room where he taught other traders to use it, I don't know if that is the case anymore or what he is doing these days.

Not a promotion, just sharing information.

Good trading,

Jimmy

P.S. Ultimately, it's a scalping system, and I don't like to scalp.
 
Quote from K-Rock:

apex82,

Is this the wave 5 we're in?

In terms of the er2, it looks that way. Looks like a nice spot to top out for a decent decline in the 834-835 area as this higher level 5 wave move unfolds.

However, ES is in a prime zone to make a DT and roll over from here. If the broad market rolls over it will most likely drag the er with it. The buying seems fairly strong, I would not just throw out shorts here until more confirmation. I would love to see the es make it to 1468-1470 and the er2 to 834-835.... it would be a gift among all gifts. It would allow for a 50+ point possible trade with literally a 2-3 point stop.
 

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Quote from independenceair:

I know that there are critics of every indicator or method, I 've heard from most of them - In your opinion is Elliott wave worth taking the time to learn ?:confused:

No... dont touch it with a 10 foot pole. If you are interested just work on the basic methods and thats it. Dont make ewaves out of nothing, only the obvious.
 
Quote from apex82:

No... dont touch it with a 10 foot pole. If you are interested just work on the basic methods and thats it. Dont make ewaves out of nothing, only the obvious.

Agree. EW is subjective. Just like opinions about the market :)

2 out of 3 polled beer drinkers think Coors is as good or better tasting than Miller. That also means 2 out of 3 polled beer drinkers think Miller is as good or better tasting than Coors.
 
Quote from JimmyJam:

This trade closed 1460.00 for a 4.75pt gain.

Currently Short @ 1460.00 with a 1464 PS.

JJ

Almost went to lunch, but glad I didn't.

The market ticked to 1464.00 and dropped back down, saw it coming and moved protective stop to 1465 ... any bets 1464 will be the high of the day?

Short signal still in place, holding overnight.

Good trading,

JJ
 
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