Ewj: elliott wave
- Thread starter mu200411
- Start date
This market continues to be incredibly well bid. If you are short heading into the final 30 minutes of the session, you are just asking to get CRUSHED.
Playing the long side has been extremely profitable. It reminds me of the motto from one of my old bosses, Victor Sperandeo who once said, "Observe What Is Happening and Assume That It Will Continue."
This "ED" has really caused a lot of fear among Elliott Wave followers and as a result, has prevented some from making a TON of money on the upside in this market environment.
Me included.
Playing the long side has been extremely profitable. It reminds me of the motto from one of my old bosses, Victor Sperandeo who once said, "Observe What Is Happening and Assume That It Will Continue."
This "ED" has really caused a lot of fear among Elliott Wave followers and as a result, has prevented some from making a TON of money on the upside in this market environment.
Me included.
Thanks Landis and Keith.... Mu got the upmove too!
I have always preferred not to post actual longs or shorts 'cos I feel a sense of obligation after making a call. And circumstances usually do not allow me to update that call when the market turns.....
Now that the disclaimer part is done.....
I closed out my ES longs from 837.50 to 849.50 at market close yesterday....
Am preparing to go long ES again at about 845 and hoping to get out at 860
I still believe in the ED but all my attempts to draw them accurately have been futile, so I'm just going to work the numbers for myself as Mr Market wiggles
I have always preferred not to post actual longs or shorts 'cos I feel a sense of obligation after making a call. And circumstances usually do not allow me to update that call when the market turns.....
Now that the disclaimer part is done.....
I closed out my ES longs from 837.50 to 849.50 at market close yesterday....
Am preparing to go long ES again at about 845 and hoping to get out at 860
I still believe in the ED but all my attempts to draw them accurately have been futile, so I'm just going to work the numbers for myself as Mr Market wiggles
ed,
Trade first, post later .
Remember the good calls, forget the bad calls, life will be happier .
We share our opinions with good intention,
but nobody can be right all the time in the Market,
else he can own the whole world stock markets.
mu.
A series of smaller and smaller 5-waves UP
,
and a higher high Buy Signal .
There may be a small and a bigger measured move UP .
Trade first, post later
. Remember the good calls, forget the bad calls, life will be happier
.We share our opinions with good intention,
but nobody can be right all the time in the Market,
else he can own the whole world stock markets.
mu.
A series of smaller and smaller 5-waves UP
,and a higher high Buy Signal
.There may be a small and a bigger measured move UP
.