Monday was just a scratch $100-ish profit day. Nothing special. I was busy implementing Elliot Wave Software which suits my trading style (lot of losses, 1 winner solve it all)
Although I was new to Elliot Wave, but I learnt it sometime ago. I heard some expert said there always be Wave on every sequence. You only need to re-calculcate it if it's wrong. So I analyze and it's nearly impossible to count wave on let's say chopped market. Until I realized there's no need to be wave every time. I mean I don't have to calculate it on every chart exist. If it's too complex just leave it be, look for another sequence.
Te picture there showed perfect Elliot Wave Today. Wave 1 ABC correction, Strong Wave 3, so on. If there's nice EW like I showed, then it's easier to spotting the entry. If it failed, then just looking for nice sequence again, repeat the process.
Actually the ABC correction was a wedge breakout pattern too. Just like Head and Shoulder. So it's not changing the style I trade. Just enriched it.
It's amazing how trading unfolded new knowledge almost every second in my life. I probably never mastered the market. But I sure believe there's way to profit from it consistently.
If one person can do it, then I can do it too :)
you just missed tony, he even gives out his bands free
ReplyDeletehttp://screencast.com/t/RpuyqPdNC
tony's bands
ReplyDeletehttp://screencast.com/t/T2Zg4Ejh8JjR
Hi i did go to paltalkscene yesterday.my nick det001 room price actionm interesting. Dunno bout the screencast. is it new?
ReplyDeletehi Cory, where can I get the band? :)
ReplyDeleteask for the band when you see Tony933
ReplyDeletescreencast is from http://www.techsmith.com/Jing/?gclid=CJnfruiu2KYCFcTb4AodU1UdHA
ReplyDeleteit is very easy to use just 1 click to load it up the web, the advantage is it saves all your pictures so you can review them and have them available anywhere you go.