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    • MeInGraySuit replied Nov 23, 2012

      Luis, what is your max upside potential for this wave C. IF IT IS A WAVE C? I have it at 1.38695 which is 1.618% from wave A and around 60%Fib of Macro 1. But I have a high of 1.44860 which is 1.618% of A which is around 90%Fib of Macro 1

      Elliott wave outlook
    • MeInGraySuit replied Nov 23, 2012

      Wave 1 around 255...Yes Wave 3 usually longest, but this wave C has given us a pain in the buttock, just ask Luis. This wave count wasn't my first choice but it is the only one that makes the most since now that we have broken this expanding wedge ...

      Elliott wave outlook
    • MeInGraySuit replied Nov 23, 2012

      I can't tell you how many times, I have been burned!!! I took a 25k loss in one weekend and I felt like I was kicked in the balls...but i told myself to stick with the ratio and I made it back in 3 days. Entries are also the key. I realized that ...

      Elliott wave outlook
    • MeInGraySuit replied Nov 23, 2012

      The problem is greed is all relative. People tell me all the time using 30-40% margin is greedy. I say whatever margin you use stick with it! Why? Because if you use 30-40% margin and then you have a loss and switch to say a 10% margin use then it ...

      Elliott wave outlook
    • MeInGraySuit replied Nov 23, 2012

      Thanks Luis!! So much for that last leg down. I thought for sure we were going to stay under that trend line. People in euro just want to bailout more and more. The funny thing is, in order to make money you have to go along with them even though ...

      Elliott wave outlook
    • MeInGraySuit replied Nov 23, 2012

      Happy belated Thanksgiving from the US...Did not trade yesterday, I was stuffing myself with food and watching american football....and crying because my stops got taken out and I 13 $@#% lots on that @$#!* %$#@% trade expecting one more turn down. ...

      Elliott wave outlook