Corrections take experience — Impulses are easy, and it is where we make money. But your 'set up' waves are 2, 4, and B, so you have to know all the nuances of their patterns, to enter. The classic trade is after a small 5 wave impulse, then ...

Elliott Wave Trading

Not quite that simple — Some recessions have been anticipated by stock market declines. In Stocks for the Long Run, Siegel mentions that since 1948, ten recessions were preceded by a stock market declines of more than 10%, by a lead time of 0 ...

EURUSD

May I join your discussion? — Hey, I am glad to find an Oil trading discussion with some experienced traders, mind if I join in? No sense being where you are not welcome. My first share and bullion trades were around 1975 in Canada, and I have ...

I see oil reaching 100 USD?!

Bullish Delusions Crushed — Here is a good S&P 500 chart from my friends at the Evil Speculator. url Their real time commentary has been awesome, it fits with my style closely of trading naked, but counting waves. 5 down bank profits, 3 up ...

Is the Market Bottoming???

Be Patient — Be patient. The move down from 1.4869 was wave 1, and wave 2 rally has a ways to go in this correction. Look for a retreat back to the previous 4th wave, or at least into the fibo zone. I am looking to count a flat pattern 3-3-5 ...

EURUSD

S&P Chart — Short term S&P 500 count for consideration. I am looking for a relief rally to complete wave.iv maybe Monday, then short again for wave.v image

Is the Market Bottoming???

Major Bear Market — I agree. This is a major Deflationary Depression Bear market. My team says we are in a deflationary fall that should see price levels back to 1974 prices. Dow under 999. I just banked my S&P shorts to wait for the G-8 ...

Is the Market Bottoming???

Euro thoughts — I see the larger EUR trend as down, and just in a short counter-trend rally up into the 1.39 - 1.42 range, before continuing down in the next move. Personally, I do not like trading counter-trend, especially complex corrective ...

EURUSD

Triangle in B or 4 only. — Your EUR/USD w.2 count may need change. You will never find a wave 2 as a triangle, only w.4 or w.B. You can have w.A, B triangle, C, - but not the whole thing as one triangle. While it is not a rule, it is a very ...

Elliott Wave Trading

first EW chart — Your chart is well done, way to good for a first chart. It looks like a w.B triangle is forming, or flat? I have this small w.ii correction in an extended small w.III (1,2; i,ii....) Smallest time frame? I can chart perfectly ...

Elliott Wave Trading

Excellent USD/CAD chart — Excellent USD/CAD chart, you have a good eye for correct counts.

Elliott Wave Trading

Fixed — The fight is fixed this round. Palms have been greased and this boondoggle is going through Friday. I would love a 'Rocky' style surprise defeat again, not good odds.

$700B Bailout Plan Discussions...

Let it fail — Let it fail. It only would have made things worse. url

$700B Bailout Plan Discussions...

Martial Law Declared — Martial Law has been declared since last Saturday night, Sept. 27, 2008. Listen how the representative who represents 820,000 North Texans say how no one was allowed to review the bill and how it is under secrecy. As a ...

$700B Bailout Plan Discussions...

Trends are in 5 waves — Trend can easily be determined in all time frames by counting waves. Trend is always in 5 waves, corrections are in 3 wave patterns. The 5 wave patterns typically fit into a parallel channel, where wave 2 and 4 form the ...

How do you find and confirm a trend?

As predicted by many here and elsewhere, a great show of "protecting the taxpayer" commenced, but, in the end, the bailout bill sailed through largely unchanged. Link (NYT) Sure, they tacked on a few trinkets, such as "limiting CEO pay," but in the ...

$700B Bailout Plan Discussions...

How much is a Trillion $ ? — Most of us can get our minds around the difference between $1000 and $1,000,000 as it may relate to savings in our bank account, but cannot grasp the next steps up into Billions or Trillions. Here is the best ...

$700B Bailout Plan Discussions...

Eur Fibo expansion — Good coverage of Fibonacci expansion to estimate target price levels. Nice to see some Elliott being covered for EUR here. Blue Bottle has a thread for those that want to go deeper, and there are many excellent views, to ...

EURUSD

Euro Evidence - long term — I think if you look at a Monthly or Weekly chart, you can see a clear up channel over the past 5 years in EUR, that has one more cycle up under way. Recent USD strength was just a 2 month corrective intermediate ...

EURUSD

Help — I trade EUR long term, so the headline intrigued me. I have to admit I am confused with the strategy???

EUR/USD Longer Term Trading