35854 replies to this topic

[Motion Picture]

4 of my 5 longs bought 'on the way down', closed at 46953 (IG Cash).

 

Average made per trade = 406.5 pips

Total banked = 1626 pips

Time period = 9 days

[Argento]

That’s just my strategy and one that works for me. The first and last 8^th of a major move are the most expensive to try and time.

 

If I have made 150% I am willing to give away an 8^th of that profit. The end result is greater profit as the amount of times that this strategy has allowed me to remain on the bull is worth every bit of anguish of giving away some of a MUCH larger profit at the end of the day

If you have bought last year June and sat through all the waves one could have literally made millions, she was on 33 000 and look where she is now!

 

But...I believe Elliott shows you exactly where you are (and you need to know) in the bullmarket cause come the top she will drop like a stone and catch most investors off guard...but you sure got the principle right and kudu's to you...simple actually with doing less but making more money!

 

For those who have not read Livingstone's book...see attached!

 

A

Attached Files

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[Argento]

long till im wrong, but sarting to build up small short positions

 

can i ask you to show me the IV drop pls?

If you look at the size of intermediate 1 and 2...4 should also be in that range, pointing to a 3000 points drop!

 

0.382 fib target aims at 44352ish futures..but can overshoot a bit!

 

This drop I will definitely short, then long again for intermediate V up into Oct!

 

But waiting for new highs and that signal....

 

A

Edited by Argento, 16 July 2014 - 11:52 AM.

[grantmu]

Happy to give away 15 - 20 % so until I see that size correction I am holding. The correction will come as it always does, but we could be at 50,000 or 60,000 etc by the time we have that level of correction.

I like the way you think SIR. 

I often think people forget that simple gets you there. 

I am never sure in a group like this offering what seems to me obvious as a trade would be appreciated, but a simple trade of waiting for a drop that is around 1000 points happens about 14 times a year, at every drop if you bought 2 full contracts with a sell point of 1000 points away, will give you an income of approximately 100K minus 10k in interest, working on the assumption that you will see 1000 points approximately 10 days after the drop. This seems to work 80 percent of the time from a history point of view, that to me is good money, and I still get to play much smaller contracts during the long trade and if I get it right I cover the interest every day and sometimes a bit more.

G 

[sequoia]

Now thats what you call balls!

That’s just my strategy and one that works for me. The first and last 8^th of a major move are the most expensive to try and time.

 

If I have made 150% I am willing to give away an 8^th of that profit. The end result is greater profit as the amount of times that this strategy has allowed me to remain on the bull is worth every bit of anguish of giving away some of a MUCH larger profit at the end of the day

[Beorn]

 Dead right you are.

 

Thanks AJ,

[davidp13]

When you going to cut? Big drop (intermediate IV) coming in August!

 

A

long till im wrong, but sarting to build up small short positions

 

can i ask you to show me the IV drop pls?

[Wingnut]

Happy to give away 15 - 20 % so until I see that size correction I am holding. The correction will come as it always does, but we could be at 50,000 or 60,000 etc by the time we have that level of correction.

Now thats what you call balls!

Edited by Wingnut, 16 July 2014 - 11:36 AM.

[sequoia]

When you going to cut? Big drop (intermediate IV) coming in August!

 

A

 

Happy to give away 15 - 20 % so until I see that size correction I am holding. The correction will come as it always does, but we could be at 50,000 or 60,000 etc by the time we have that level of correction.

[Wingnut]

Out 46860 210 points bagged

Nice one

[bear catcher]

Out 46860 210 points bagged

[Argento]

making money sitting tight, emotionally difficult but financially rewarding

When you going to cut? Big drop (intermediate IV) coming in August!

 

A

[sequoia]

making money sitting tight, emotionally difficult but financially rewarding

[warnerbroers]

maybe ...maybe not....

Attached Files

•  16:7:14 - 1.jpg   233.91KB   7 downloads

[Wingnut]

 Dead right you are.

Yee-Haaa!

[delta66]

stopped out 46750/163p bagged

 

cheers everyone..taking day off!

[bear catcher]

Longs beware i bought at 46650 so up move might be short lived? Haha To tell the truth i actually wanted to go short **** doing opposite what i wanted to do and now in the green unbelieveable

[grantmu]

Or not!!

 

Back in long, this bull wants to move!

 

60min bullish cross approaching......

 

A

not all bad there was 200 drop overnight, I missed it though

[AJS]

Very nice Inverse H&S on 90 min, neckline was tested, I'm long with a target of 47200

 

 Dead right you are.

Attached Files

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[Wingnut]

Script written and edited by NY Fed (=JP Morgan)

Greatest con job. Everyone believes their Gran. No matter what.

Ask a direct question like why no action on main responsibility to ensure no TBTF and get a waffle with syrup.