For Walter, Ross, George, Greg, Pete, Jim and other non-ET friends, Introduction to ET and this thread ET ... stands for EliteTrader but there are no elite traders here, only copious numbers of what Greg refers to as DIRTBAGS aka blue-collar workers aka in Joe's (deadbroke's) jargon, "wildebeest" - these wildebeest make the market just as they do in the wild on the Serengetti, and it is they that drive the economy and consumption. What you see on my charts is their collective thought plotted - why? ... because they operate as "one" and if you listen to their shit you'll get lost for they lie, bs and manipulate etc., but the one thing they cannot do is fake their "own footprint" and that and only that is what Joe (deadbroke) follows - reading the footprint correctly is the nonpareil SKILL the dead and broke one is trying to acquire. Dirtbags aka wildebeest shown below Uploaded with ImageShack.us deadbroke deciphering their footprint - and note that he does this entirely alone, no help required from anybody ...... Uploaded with ImageShack.us For my friends, note a remarkable divergence between the WILD and ET - in the wild lions have to seek out the dirtbags, here at ET the dirtbags come to Papa aka Lion aka deadbroke. Its quite remarkable. So watch and learn to recognize them .... here they come.
EurUsd SHORT trade is now at 500 pips profit locked in with a judicious STOP on a lower timeframe. Qs trade as you already know was stopped out on market money, so no loss here but nothing to write home about. Will resume the Qs short as soon as the 1H low is taken out. Right now its all EurUsd SHORT, just the one engine. http://www.youtube.com/watch?v=oZUp1gUQLyg
original TOP call is here and we are still working on this ... http://www.elitetrader.com/vb/showthread.php?threadid=219266 Thus far I've called the reversal of the ROGUE WAVE aka US Dollar absolutely spot on. For the morons forthcoming, one thing you will never learn is one aspect of the simplicity of the "dirtbags" .... namely, Wave C equals Wave A very often, so since trading is a matter of ODDS aka PROBABILITIES, its a good bet to take. I took it. http://www.youtube.com/watch?v=vNBEiyGwGRc
My Dow Jones TOP call will fail unless the following occurs - and note that it MUST occur or else there is no lasting TOP. So to put it another way for the dummies and retards, I will open the throttle a whole heck of a lot more once the breakout on Daily occurs in Vix - i.e. the downtrendline shown is taken out in a rocket northbound move. Its gotta be a rocket for the "wildebeest" footprint has been read by yours truly as just about to embark on wave 3 up. Let's see if I'm correct? Uploaded with ImageShack.us http://www.youtube.com/watch?v=qE2Vdcv9Q_o
There is one other requirement for my Dow Top Call to be correct ... The instrument that measures the insanity inherent in the wildebeest collective must also breakout and fire northbound thru' the 50 m.a. and the trendline shown in the parallel channel This instrument is based on YIELDS Moody's BAA corp. bond yield MINUS 30-yr T-bond yield Uploaded with ImageShack.us http://www.youtube.com/watch?v=ejPi8D8LFnI
this post is repeated from my April 22 thread Dow top Call http://www.elitetrader.com/vb/showthread.php?threadid=219266 posted April 24th, 2011 Dow call corroboration from a closer view of the ROGUE WAVE ..... US Dollar bullrun turn expected @ 73.27. Why here? Because Wave C will equal Wave A. See chart. Rogue wave will topple the Dow just like it did in Mar 08 - Mar 09. I called a Dollar turn as a newbie on Oct 14, 2009 but was overall 1 month early and had many mistakes. http://www.elitetrader.com/vb/showt...ghlight=trigger Let's see if I've improved? Uploaded with ImageShack.us posted April 29th Uploaded with ImageShack.us what does it look like today (sticking with the same timeframe, weekly) Uploaded with ImageShack.us what does it look like today, May 13, 2011 on Daily timeframe? Uploaded with ImageShack.us and what does it look like today May 13, 2011 on realtime 4H? .... note the same thick reversal green line @ 73.27 from weekly is now shown on 4H Uploaded with ImageShack.us http://www.youtube.com/watch?v=cIwwJQds3DE
Dirtbags will no doubt forget how I subliminal-ed the 2 other male lions, albeit golden maned, not black-maned like deadbroke (who pay to be here but can't time the markets worth a shit) to get out of Dodge on Gold with this simple, oh so pure, Technician's omnipotent tool, the beloved Trendline, an awesome tool in the hands of a practitioner such as deadbroke who is constantly trying to take its application to higher levels ......... unlike the clowns who just connect the lows willy-nilly and think that's all God wrote On May 2, 2011 I presented this chart in the same thread that showed GOLD on 4H with the message, "the universal SHORT will fire when the trendline breaks" Here's what it looked like ..... Uploaded with ImageShack.us and here's the same chart without adding a thing .... Uploaded with ImageShack.us you will notice how Goldie is resting nicely on the 200 m.a. on 4H threatening to bounce northbound as the downside momentum dries up. When to take profits on the SHORT for the time being? why of course when the trendline is taken out topside and then go short again if it is once again taken out to the southbound side. Uploaded with ImageShack.us http://www.youtube.com/watch?v=DRC0rdFokKM
just a reminder of the multifaceted deadbroke as he has his eye on every aspect of the opposing general's weaponry, especially those hard to detect subterranean troops - akin to checkmating with just a pawn, bishop and knight. (can still be wrong but the habits are winners) deadbroke nails Asia too with a precise near-perfect call on the Japanese Nikkei the last sentnce of the thread was 50 crossing the 200 is underway now. and yeah baby she is still under the 200 http://www.elitetrader.com/vb/showthread.php?s=&threadid=219384 http://www.youtube.com/watch?v=E23U2VwH_PM
Dow and S&P 1H supported by 200 m.a. on 60-min. seems easy enough, but notice how the Nas and Qs have not even touched the 200 ma yet, i.e. relative strength galore. then throw in some confusion by noting that european indexes Footsie, DAX and CAC40 are all under their respective 200 on 1H confusion? Mixed signals or are the latter leading signals? So what to do amidst such mixed signals? Here's what I do ... I block out everything except the 200 ma on 1H for the Qs and Nas, Dow and S&P. Break that and I go SHORT instantly. Stay above it and I do nothing. Why? ... because I can clearly see the 1 and 2 and then another 1 and 2 downwaves on 1H. To me that's a Rogue Down Wave aborning. Just my 2 cents, could be wrong, but I try to apply the golden rule, In a confusion, any confusion that you feel lost in, just find a single solitary stable datum and hold on to it - mine is the 200 ma. Dig? http://www.youtube.com/watch?v=YUWMSVDPdGQ