35854 replies to this topic

[Ettas]

 

#>j

 

1. Have confidence in the trend, the chart pattern, and what you expect next.
2. If #1. is not happening for you, wait until it does (study basic Elliott wave theory & practice).
3.  Use Fibonacci in combination with wave theory.
4. Go to  traders-software.com/Free%20Download/   for Elliott Wave Principle by Frost & Prechter; Elliott Wave Principle for Forex by Robert Balan.      Read, read, read. Your education is essential and it needs your assistance.
5. Keep predicting even when not trading. Learn from each and every prediction mistake.
6. Know the risk & reward and be guided by it.
7. Employ a clear buy and sell strategy that suits you. Do not over-commit.
8. Hold those maturing, with-the-trend trades using increasing trailing stops (staying in-the-money, but only once well-established there) until target zone reached. Big winners need room to breathe.
9. Control those counter-trend trades with tighter stops.
10. Check Caldaro’s index charts via caldaro.wordpress.com for index wave count comparisons.
11. Never blindly believe or copy anyone, not ever – not even semi-blindly.
12. Avoid short-term, hit-and-run trades (Feeding a broker is same as feeding horses).
13. Say out loud: Predictions that lack reliable analysis-supported reasoning are pure guesswork.
14. Ignore all predictions except your own that you have sufficient confidence in.
15. Stop looking for distractions, trading is work – regard it as such.
16. Avoid over-confidence and jumping the gun. Blind faith is not faith – it is lazy needy greedy.
17. Have confidence in the trend, the chart pattern, and what you expect next.
18. If #17. is not happening for you, wait until it does. Refer to 4. & 15.

 

yet again great work V...it just keeps coming...like feeding birds in the garden

[HDB]

longs be careful, their is going to be red red blood out there today!!

Edited by HDB, 08 September 2014 - 07:06 AM.

[Plasma]

M


I am referring to the chart data....in other words are you using futures or cash and who's data are you using. Also, are you time points 0830 or 0900 and 1700 or 1730?


Thanks

The chart is Futures EOD data from Equis International from 08:30 - 17:30

[Mhlato]

M

I am referring to the chart data....in other words are you using futures or cash and who's data are you using. Also, are you time points 0830 or 0900 and 1700 or 1730?

Thanks

 

The chart is Futures EOD data from Equis International from 08:30 - 17:30

[Plasma]

M

What is your source data for the full gaps etc?

Thanks

P

Hi P, not sure what you are asking...anyway..see attachments for usefull info regarding gap trading.

AJS is correct, the "official" defenition is when the open > high[1] or when the open < low[1]. To me it's more significant if the gap does not close the same day, it indicates a strong move in whatever direction, spesially if there is also an increase in volumes.

M

I am referring to the chart data....in other words are you using futures or cash and who's data are you using. Also, are you time points 0830 or 0900 and 1700 or 1730?

Thanks

[Mhlato]

M<br /><br />What is your source data for the full gaps etc?<br /><br />Thanks <br /><br />P

 

Hi P, not sure what you are asking...anyway..see attachments for usefull info regarding gap trading.

 

AJS is correct, the "official" defenition is when the open > high[1] or when the open < low[1]. To me it's more significant if the gap does not close the same day, it indicates a strong move in whatever direction, spesially if there is also an increase in volumes.

Attached Files

•  Gap Types Description.png   96.14KB   15 downloads
•  Gap Types.png   91.64KB   10 downloads
•  Gap Trading.txt   10.5KB   15 downloads

[Plasma]

M<br /><br />What is your source data for the full gaps etc?<br /><br />Thanks <br /><br />P

[Mhlato]

Argento often mentions "Turnaround Tuesday" as a day to watch....looks like Thursdays & Fridays is fighing hard for that crown 

Attached Files

•  04 Sept 14 Turnaround.png   42.67KB   15 downloads

[Vertebrae]

#>j

 

1. Have confidence in the trend, the chart pattern, and what you expect next.
2. If #1. is not happening for you, wait until it does (study basic Elliott wave theory & practice).
3.  Use Fibonacci in combination with wave theory.
4. Go to  traders-software.com/Free%20Download/   for Elliott Wave Principle by Frost & Prechter; Elliott Wave Principle for Forex by Robert Balan.      Read, read, read. Your education is essential and it needs your assistance.
5. Keep predicting even when not trading. Learn from each and every prediction mistake.
6. Know the risk & reward and be guided by it.
7. Employ a clear buy and sell strategy that suits you. Do not over-commit.
8. Hold those maturing, with-the-trend trades using increasing trailing stops (staying in-the-money, but only once well-established there) until target zone reached. Big winners need room to breathe.
9. Control those counter-trend trades with tighter stops.
10. Check Caldaro’s index charts via caldaro.wordpress.com for index wave count comparisons.
11. Never blindly believe or copy anyone, not ever – not even semi-blindly.
12. Avoid short-term, hit-and-run trades (Feeding a broker is same as feeding horses).
13. Say out loud: Predictions that lack reliable analysis-supported reasoning are pure guesswork.
14. Ignore all predictions except your own that you have sufficient confidence in.
15. Stop looking for distractions, trading is work – regard it as such.
16. Avoid over-confidence and jumping the gun. Blind faith is not faith – it is lazy needy greedy.
17. Have confidence in the trend, the chart pattern, and what you expect next.
18. If #17. is not happening for you, wait until it does. Refer to 4. & 15.

 

 

 

[Vertebrae]

1. Have confidence in the trend, the chart pattern, and what you expect next.
2. If #1. is not happening for you, wait until it does (study basic Elliott wave theory & practice).
3.  Use Fibonacci in combination with wave theory.
4. Go to  traders-software.com/Free%20Download/

Download: Elliott Wave Principle by Frost & Prechter; Elliott Wave Principle for Forex by Robert Balan. Start reading, read again and again.

1. Keep predicting even when not trading. Learn from each and every prediction mistake.
2. Know the risk & reward and be guided by it.
3. Employ a clear buy and sell strategy that suits you. Do not over-commit.
4. Hold those maturing, with-the-trend trades using increasing trailing stops (staying in-the-money, but only once well-established there) until target zone reached. Big winners need room to breathe.
5. Control those counter-trend trades with tighter stops.
6. Check Caldaro’s index charts via caldaro.wordpress.com for index wave count comparisons.
7. Never blindly believe or copy anyone, not ever – not even semi-blindly.
8. Avoid short-term, hit-and-run trades (Feeding a broker is same as feeding horses).
9. Say out loud: Predictions that lack reliable analysis-supported reasoning are pure guesswork.
10. Ignore all predictions except your own that you have sufficient confidence in.
11. Stop looking for distractions, trading is work – regard it as such.
12. Avoid over-confidence and jumping the gun. Blind faith is not faith – it is lazy needy greedy.
13. Have confidence in the trend, the chart pattern, and what you expect next.
14. If #17. is not happening for you, wait until it does. Refer to 4. & 15.

 

[Vertebrae]

Thankyou to all who said thankyou but I always exclude HDB and all of his multiple personalities marketing cons

 

PS If you don't like Elliott please spit on the screen

 

[mx125]

Thank you to everyone that contributed this week and thanks to everyone that taught me something, especially HDB . I made 400+ p for the week and managed to hedge my old shorts against today's dividend.

Have a good weekend and get some rest in. 

[mx125]

Was going to end off the week with > 1000 pips for the week...this morning it was 1054 pips. Then the kind of day that just gets me. Was supposed to stop trading after 2 bad trades (204 pips down). But no....doing it again....now 329 pips down for the day with a red long...<br /><br />This is what I was referring to MX.

Your long must have made you some good money. Look at it this way, it is still 700+ for the week which is still brilliant. You will klap it again next week.

[Plasma]

This would be a good area to turn down

We have to see it touch 46050 - ish before making it's next move

Not trusting the US....not going to take a short over the weekend.

[gannet]

This would be a good area to turn down

 

We have to see it touch 46050 - ish before making it's next move

[Beorn]

It was Edison invented the screw

 

   

[Vertebrae]

 

Beorn, on 04 Sept 2014 - 5:05 PM, said:

 

How was that call! Basically at the top!

and all I used was trend lines, screw Elliot. 

 

 

It was Edison invented the screw

[Beorn]

Beorn, on 04 Sept 2014 - 5:05 PM, said:

First Shorts in @ 46695.

 

Adding all the way to 46800

 

I'm going to ride this thing like Sea Biscuit 

 

How was that call! Basically at the top!

and all I used was trend lines, screw Elliot. 

[Plasma]

Was going to end off the week with > 1000 pips for the week...this morning it was 1054 pips. Then the kind of day that just gets me. Was supposed to stop trading after 2 bad trades (204 pips down). But no....doing it again....now 329 pips down for the day with a red long...<br /><br />This is what I was referring to MX.

[Shortboy]

Looks like ALSI is setting up nicely for a high probability Friday afternoon short cover rally