Ewj: elliott wave

Blunder #6.
He tried to take revenge on the Market.

After his second and third shorts failed he tried to take revenge on the Market with the third short which quickly go against him, because the Market was well prepared this time.

He got even for the day by sheer dumb's luck. If he slipped at his switch it would have been a real bad day for him.

Blunder #7.
He didn't have the gut.

After three consecutive failed shorts, he didn't have the gut to place the last short because of insufficient time (as he cited). It turned out to be profitable, because it was at the end of Subminuette Wave iv and a double zigzag Subminuette Wave â.

7 blunders to end a day trading career.
 
Minuette Wave 4)c.c
13493.9805 1496.4 2642.6101 start of Wave c.c:a
13029.9004 1439.29 2536.9299 end of Wave c.c:a
13206.9502 1462.03 2578.8201 end of Wave c.c:b
MAY END AT
12742.8701 1404.92 2473.1399 end of Wave c.c:c?
751.1104 91.48 169.4702 length of Wave :c = :a?
13769.6299 1503.89 2627.75 start of Wave c.a
12455.9199 1370.6 2386.6899 end of Wave c.a
1313.71 133.29 241.0601 length of Wave .a
57.1747 68.6323 70.3020 % of Wave .a
13521.8604 1496.4 2644.45 end of Wave .b
1065.9405 125.8 257.7601 length of Wave .b
70.4645 72.7186 65.7472 % of Wave .b
286.8015018 35.29398 65.3103636
MAY END AT
12920.1487 1426.73602 2513.509736
IF Wave :c is .618 of Wave :a
 
Scenario 1.
Market opens up as Microwave 4)c.c:ci.ii then falls into i.iii to below yesterday close, then rebounds, then falls again to end Subminuette Wave 4)c.c:i at
13029.9004 1439.29 2536.9299
Strategy.
Sell at Tick Wave iii down.
Take profit around
13077,1445,2551
Sell again at left shoulder level, then close at end of Wave i.

Scenario 2.
Market opens up and gets above yesterday high.
Strategy.
Buy after correction and new intraday high appears. Sell at yesterday high. Buy after correction and see higher high.
 
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