ES Journal Archive (2006 - 2008)

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Quote from OldTrader:

1300 by Friday? Unlikely. Don't ever allow yourself to be roped into predicting both time and price. LOL.

OldTrader
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I don't but he asked for a day, so I gave it to him.
 
Just bugging you. I enjoy your wave analysis. I have found elliot
waves to be best used after they have happened. Not sure about your analysis, but it is very hard to pick bottoms and
and tops with elliot waves.

Quote from wave:

I don't but he asked for a day, so I gave it to him.
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Quote from wave:

The start of this new wave long will also be its end to reverse back short.
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Wave,

Can you expand on this please ....
"its end to reverse back short"

regards
f9
 
Quote from fearless9:

Wave,

Can you expand on this please ....
"its end to reverse back short"

regards
f9
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Market structure dictates that the starting point of a new wave will also be it's end. So if you went long at 1381, you should be prepared to reverse short at or under 1381 or use a trailing stop formula to stop you in short.
 
Quote from wave:

If you figure out the nonlinear nature of the waves that occur in the markets, you will come to realize in your testing that you will be given two chance to sell the high or buy the low. If you are wrong on the first, you will have 85-90% odds of catching it on the second signal. This took six years to figure out.
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How often %wise you wrong on the first attempt? If percentage is high, doesn't it make sense to always wait for second time through?
 
Quote from wave:

Market structure dictates that the starting point of a new wave will also be it's end. So if you went long at 1381, you should be prepared to reverse short at or under 1381 or use a trailing stop formula to stop you in short.
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thanks Wave,

I just wanted to clear up precisely where you are coming from.

regards
f9
 
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