Ewj: elliott wave
- Thread starter mu200411
- Start date
I am simply buying the dips and selling the rips from a trading/scalping point of view. I just don't want to get hung-up on targets and "objectives" at this point because waiting for the market to "roll-over" and change trend has been a money losing proposition.
Tell me, does anyone on this thread "daytrade" or "scalp" at all?
Just curious.
Tell me, does anyone on this thread "daytrade" or "scalp" at all?
Just curious.
I don't see any cracks in the OIH.
In fact, it came down to the 94 area that I spoke of yesterday and bounced off the 21-day MA. That's enough for me.
Not playing the short side here.
And for my money, there really isn't any other group that is any better for TRADING than the COAL stocks.
BTU now $1.90 off the 10AM low.
ACI now $1.50 off the 10AM low.
Thanks for the comment and the chart, Illum.
Yes, the chart looks quite interesting. I entered a long position at the end of the last cycle day. But I did not buy at the exact low. I'll watch it closely. If oil and S&P move down, it would help the USD move up against the CAD. Let's see which way the markets go.
Yes, the chart looks quite interesting. I entered a long position at the end of the last cycle day. But I did not buy at the exact low. I'll watch it closely. If oil and S&P move down, it would help the USD move up against the CAD. Let's see which way the markets go.