Malcolm, most likely... min time necessary to complete correction is between 10.25-11.07 (that's theory)- but maybe our fellow trader will be lucky and correction will be done earlier, let say on 10.24

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ashcorp, for sure they had called you from Luxembourg before you posted this chart...because they called me too. ... url

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Sir kimo, don't worry what other traders do just trade your own methodology/strategy/approach/plan and you will be fine. No one holds the gun to your head to take our advice. We are not here to provide trading signals just exchange our point of view ...

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Slim Jim

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asgcorp, everyone is wrong from time to time on the move in one market, some are wrong on two markets a few on three markets, but only one on four markets.

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Those who still hold NQ (futures) pray that top TL of the channel will hold.

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Done, if GU goes higher today it will go without me...

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MXT, I saw earlier the video clip with Queen speaking in another thread (don't remember which one)

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MXT, we did. "Deep pockets" wouldn't commit so much money on Thursday and Friday if they didn't know more then we did.

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...and now we watch how CD leg unfolds and where will be terminated...Choose your analysis (EW, HP, or just technical tools (channel, horizontal trend lines, S/R zones, ranges). Good luck with your trading.

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asgcorp, allow me to back up your words with the evidence. 3 markets he advised to short ( NQ, CL, and GBP) would produce a staggering loss of $11,500.00 per contract in 2 days.

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Moty, 1) One method 2) One time frame (15M, 30M,1- 2H) 3) The last swing only 4) Ret. or Ext.? 5) Discipline 6) The rest you know.

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if you scalp on 1M chart...

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Thanks, forda. I appreciate your kind words.

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...not rocket science...

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The target for daily range extension is at 200% ...but some times the market gives more like yesterday.

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As @asgcorp use to say: "it's not rocket science"...for me, it's harmonic patterns (and EW). You can read basics here url if this interests you, you will dig deeper...Good luck with your trading.

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just stick to your plan...unfortunately for me I am now only UN observer ( from 1.2385--- 200% EXT. of Prior Day Range)

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might be enough for today if WR1 and DR3 hold...

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I guess impossible is nothing...GU is today on steroids.

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