Ewj: elliott wave
- Thread starter mu200411
- Start date
When something does not go as our foreguess we have to re-count 
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The supposed Wave 5)4.c:1's size is too small anyway, may be it is part of Wave 5)4.b
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New Wave 5)4.c:4 invades new Wave 5)4.c:1, which Mup doesn't like :eek: .
New Wave 5)4.c:5 should end below measured move, because Wave 5)4.c:3 is shorter than Wave 5)4.c:1
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Bull and Bear Traps are all around
.
Note: The four red lines are triggers for Sell Signals.
.The supposed Wave 5)4.c:1's size is too small anyway, may be it is part of Wave 5)4.b
.New Wave 5)4.c:4 invades new Wave 5)4.c:1, which Mup doesn't like :eek: .
New Wave 5)4.c:5 should end below measured move, because Wave 5)4.c:3 is shorter than Wave 5)4.c:1
.Bull and Bear Traps are all around
.Note: The four red lines are triggers for Sell Signals.
Here is the fix to a trendline break on the 15 min chart, yesterday SP 500 end of the day trade.
If your scalping you need to go to the 3 min possible the 5 min and look for a close on the last 2 bar to be on the lower end of the bar, if you like longer term use the 5 min .
This will confirm a direction on the trade!
If the trendline break on the 15 min chart show a close in the middle after it break the trend line wait for two lower closes on the candle to avoid premature entry.
Tha same thing applies to breaking the trend line up, close at the upper part of the 2 candle enter at the break out of the second candle.
This is a filter system to get you out of sucker trades.
Or run for the Gold ant the end of the day!
If your scalping you need to go to the 3 min possible the 5 min and look for a close on the last 2 bar to be on the lower end of the bar, if you like longer term use the 5 min .
This will confirm a direction on the trade!
If the trendline break on the 15 min chart show a close in the middle after it break the trend line wait for two lower closes on the candle to avoid premature entry.
Tha same thing applies to breaking the trend line up, close at the upper part of the 2 candle enter at the break out of the second candle.
This is a filter system to get you out of sucker trades.
Or run for the Gold ant the end of the day!
The Fed announced that they are remaining vigilant on reflating the Economy by expanding their balance sheet by another $1.2 TRILLION.
Currently at $1.8 Trillion, heading to $3 TRILLION!
Buying $750 Billion in Mortgage Backed Securities . . . Another $300 Billion in US Treasuries, and another $250 Billion in Fannie and Freddie over the next 6 months!
What a time for my Internet to go down.