Ewj: elliott wave
- Thread starter mu200411
- Start date
I would have been better off sticking to the original April 17th target.
Status: ST long position closed after open when Monday high was invaded. LT long position sold at "M" pattern confirmation after Reverse Head and Shoulder failed to materialized and bought back at the last chance for the Bulls. ST long position re-entered at the "W" pattern confirmation.
Strategy:
Sell long positions at wave i.v measured move or "W" pattern break down and buy back at -150, -15, -30 points retracement + or - 30%.
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Posted by mu200411 on 04-17-08 08:05 PM:
Status: Still hold long positions.
Strategy: Take profit on the ST long position at the resistance when there is a lower low. Re-enter after a 100, 10, 20 points retracement, allow for + or - 30% error.
Consider ST short position near measured move when there is a lower low. Cover short position after a 150, 10, 20 points retracement, allow for + or - 30% error.
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Posted by mu200411 on 04-19-08 01:58 PM:
Sold at the hesitation and elovemer's ED after the "M" pattern confirmation and bought back at -70, -7, -14 points at the "W" pattern confirmation. The Market is too strong for a short position.
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Status: ST long position closed after open when Monday high was invaded. LT long position sold at "M" pattern confirmation after Reverse Head and Shoulder failed to materialized and bought back at the last chance for the Bulls. ST long position re-entered at the "W" pattern confirmation.
Strategy:
Sell long positions at wave i.v measured move or "W" pattern break down and buy back at -150, -15, -30 points retracement + or - 30%.
________________________________________
Posted by mu200411 on 04-17-08 08:05 PM:
Status: Still hold long positions.
Strategy: Take profit on the ST long position at the resistance when there is a lower low. Re-enter after a 100, 10, 20 points retracement, allow for + or - 30% error.
Consider ST short position near measured move when there is a lower low. Cover short position after a 150, 10, 20 points retracement, allow for + or - 30% error.
________________________________________
Posted by mu200411 on 04-19-08 01:58 PM:
Sold at the hesitation and elovemer's ED after the "M" pattern confirmation and bought back at -70, -7, -14 points at the "W" pattern confirmation. The Market is too strong for a short position.
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Quote from Mup:
Just gone 1:1 for a measured move @ 1389.75...
Needs to overbalance that 1:1 to rule out a C wave.....
120min Globex http://www.elitetrader.com/vb/attachment.php?s=&postid=1895036
Handy that EW
The bigger 1:1 Measured move now comes into play at around 1362 area....
120min ES
Quote from mu200411:
Is this an ascending wedge or ending diagonal triangle?
If the answer is YES, Oil bull move may end here, :eek: , at least temporarily.
Yeah, but your Big Wave 4 looks a little short, and it is very possible that your last 1-2, is actually the B-C of 4. At least that is a very plausible (alternative) count.