Ewj: elliott wave

[Mup]

I do like EW

I wonder if any other thread posted a chart of the price action before it even happend....
http://www.elitetrader.com/vb/attachment.php?s=&postid=1696087

Quote from Mup
Think off all the Stops and limit orders they would like to pop just above yesterdays high which was the larger 38.2% fib before taking it back down for a better price later on..
Much Above the 123.6% ext (1478-9 area) kills the Exp Flat...(With some sort of 5th wave in play)... At the Moment the players will short the Measured move Point with Stop and Reverse just above the 123.6%.

 

[Mup]

We still could be in a larger W-X-Y or a Traingle pattern on the ES...

Just a scribble...

 

[mu200411]

Prepare to reverse position at measured move or at the last low

 

[Mup]

Quote from mu
Bravo! Mup

Thanks Mu

I just wait for the easy set up's to help avoid whipsaws

 

[mu200411]

Almost reach target at measured move and wave four. Wait for signal to reverse position.

 

[mu200411]

Position reversed as said. Set stop at the last high. Prepare for whipsaws.

 

[mu200411]

"M" pattern. Still short. Set target at -150, -15, -30. Will accept 2/3 target.

 

[mu200411]

Prepare to close all short position if there is a higher high.

 

[mu200411]

Short positions closed. Enter long position. Set stop at the last low.

 

[mu200411]

Short positions entered again at the ascending wedge sell signal.
Set stop at the last high. Same target. Long position closed.
If stop out try to enter short position again before close.