Ewj: elliott wave

Discussion in 'Technical Analysis' started by mu200411, Aug 13, 2007.

  1. Long position opened at open as said.
    Close long position now due to lower low.
     
    #851     Nov 13, 2007
  2. Plan to close short position if today high is surpassed and open long position then set target at Friday high. Set stop at the last low.
     
    #852     Nov 13, 2007
  3. Mup

    Mup

    Some info for ES intraday scalpers....( ie not aimed at intra swingers just scalpers after quick points)

    When there's not alts in play, the Players look towards the 5 min Opening Range (OR) Bar as support.

    They'll set a Stop and reverse order just under the 5min opening range Bar low, so they can also be onbard a opening range Hook sell trade if the OR low gets take out.

    :)
     
    #853     Nov 13, 2007
  4. Position reversed. Set stop at the last low. Expect whipsaw.
     
    #854     Nov 13, 2007
  5. Position reversed. Whipsawed as expected. Set stop at the last high.
     
    #855     Nov 13, 2007
  6. Plan to wait and see if stop out again.
     
    #856     Nov 13, 2007
  7. Sell signal confirmed by the third lower low for today.
    Position is not yet reversed. Hold short position.
     
    #857     Nov 13, 2007
  8. Stop out and quit for today.
     
    #858     Nov 13, 2007
  9. Open long position and set target at Friday high. Set stop at the last low.
    Subminuette wave iii might have ended as descending wedge as Mup said. :D
     
    #859     Nov 13, 2007
  10. Mup

    Mup

    I do like ED's :D

    I know this is a bit late, I just had a DSL failure & being on back up dial up connection was no fun :(

    Its another good example of how good ALT waves are as Trade points. You can always buy them with a double up stop order below ( 3 ticks is the fav) so your on the right side of the trade either way....
     
    #860     Nov 13, 2007