Ewj: elliott wave

[mu200411]

Long position opened at open as said.
Close long position now due to lower low.

 

[mu200411]

Plan to close short position if today high is surpassed and open long position then set target at Friday high. Set stop at the last low.

 

[Mup]

Some info for ES intraday scalpers....( ie not aimed at intra swingers just scalpers after quick points)

When there's not alts in play, the Players look towards the 5 min Opening Range (OR) Bar as support.

They'll set a Stop and reverse order just under the 5min opening range Bar low, so they can also be onbard a opening range Hook sell trade if the OR low gets take out.

 

[mu200411]

Position reversed. Set stop at the last low. Expect whipsaw.

 

[mu200411]

Position reversed. Whipsawed as expected. Set stop at the last high.

 

[mu200411]

Plan to wait and see if stop out again.

 

[mu200411]

Sell signal confirmed by the third lower low for today.
Position is not yet reversed. Hold short position.

 

[mu200411]

Stop out and quit for today.

 

[mu200411]

Open long position and set target at Friday high. Set stop at the last low.
Subminuette wave iii might have ended as descending wedge as Mup said.

 

[Mup]

I do like ED's

I know this is a bit late, I just had a DSL failure & being on back up dial up connection was no fun

Its another good example of how good ALT waves are as Trade points. You can always buy them with a double up stop order below ( 3 ticks is the fav) so your on the right side of the trade either way....