Ewj: elliott wave

It is a bunch of crap teaching people, don't have the patience. I turn into a real prick, so we stop doing it all together.

People don't know how to appreciate, or to be thankful for your help, that is the reason people charge thousand of dollars to train people..............just for that reason.
 
Sometimes I see better clarity in the ES compared to the SPX.

Here's what I think is happening after the 5 impulsive waves down...

Those 50% and 61.8% retracements are just such powerful magnets! :D

ESM9 30min


Tras,

Some of your posts are indeed spot on! Can you stick a chart up once a while? :)
 

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Sell signal wait for a top to form, the problem we have it gives advance warning so we have to filter it first before we enter.


TL or bounce off a fib level etc.
 
Quote from athlonmank8:

Well looking for more while Dow is still green. Added a couple puts. Gonna target the 26% and keep it simple. HOD today is the stop.

(at least i'm jumping out with a shoot on)
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Well that was quick :)
 
Quote from TRAS:

Use the long term trendlines as a reference. to determine type of correction!

Meaning if the daily trendline is not broken this is only a correction.
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That's actually the best strategy i've found too (forgive my inability to follow it:p). (I also use MA's) Wait for the buy signal ( good to be backed by and indicator of some sort) and then add on the break.

Def. stick around. Do you run a system based around that?
 
Quote from athlonmank8:

(I also use MA's)
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I find that the specific use of 3 particular MA's allow me to tell whether or not we are in a Wave 2 or a Wave 4 correction, more often than not.

:)
 
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