GOLD - be patient - Deflation trend is down — I trade Gold, and have collected Maple Leaf bullion coins since 1976, last time in 2001. My view is to be patient and wait, gold is correcting a 10 year bull run, the .382 is at $600 with a ...

Can anybody give me an opinion on my gold trade?

ride my sleigh DOWN HILL — Well, I am going to ride my sleigh DOWN HILL. thank you. url (much easier than pushing it up against the slope)

I see oil reaching 100 USD?!

Patience with oil — Patience, my chart tells me the bottom is not in yet. Not while S&P and Eur/Usd are dropping again. The lower it goes, the better I like it, looking for adding some 1:2 margin longs to get out of USD while it is strong, and ...

I see oil reaching 100 USD?!

S&P Daily — S&P 500 and oil are very correlated right now. Below is a daily view, showing the retracement of wave IV of 3 down, should be complete. Wave V of 3 may have already begun last week, and we look for the market price action to ...

Wall Street close watch

Coount is good — Your count looks good, I also had a small triangle w.iv that broke lower last night as expected. Not sure small w.v is done. It is not truncated technically if it is lower than w.3 (the B wave does not count). In light of the ...

Elliott Wave Trading

S&P 500 Peaked yet? — S&P may be ripe for another round of short selling on Tuesday. The expected wave iv retracement should be complete, and wave 5 down has begun, with wave iii of v to push toward testing new lows. Third waves are steep, ...

Wall Street close watch

Back Up Plans — Plan A - Use stops. At IB they are stored on the server - not my computer. My original backup plan includes a generator and UPS. However ADSL requires 110v relays every 3-4 km, so I still cannot get out with high speed because ...

A scenario... what's your plan of action?

Leading diagonals — Leading diagonals are quite rare, and expanding variety are even more rare. Grega - nice to see you drop in. I favor a bearish Gold count, still favor an unfinished Cycle degree correction from the Mar 17 high is not ...

Elliott Wave Trading

Oil — Pressure is still down on Oil and Gas prices, with liquidations from Hedge Funds and Banks. Plus if USD Index strength is half way to a top, and stocks are half way to a bottom, then both are Oil negative. (Eur/Usd down = Oil down). I ...

Sweet, sweet Oil

Know the larger trend — Thank you Sonic, I appreciate the kind words from a good trader. I hear the newbies and scalpers saying monthly and weekly TF charts don't matter when they are in and out in a few hours, and I don't disagree. I would ...

The trend is your friend Myth?

ETFs — I like double inverse S&P 500, it shorts the index at 1:2 leverage, but it should be played for best results, i.e short - then bank and step aside, repeat.... Oil and Gas ETFs going long will be a good bet soon. Watch Eur/USD go down, ...

Good funds/etfs to be in right now?

Trend is in 5 waves — Yes David, it was Elliott rules being applied, to show reliably determine trend by impulse wave count, below: image FN - Even scalpers can benefit from going with the trend. It is like swimming up stream or down ...

The trend is your friend Myth?

Trend is always in 5 waves — Agree 110%, it is not about right or wrong, but about improving the odds in your favor. I look at that chart in my own way. What stands out is the steep fall, a typical wave iii impulse move - that is the larger ...

The trend is your friend Myth?

Oil at $75 today — Thanks Swami, forums can be like kindergarten sometimes. I used to be a James16 student, and still have respect for his price action trading methods. Also followed Martin Pring. As EUR/USD drops, Oil is falling as ...

I see oil reaching 100 USD?!

Dow Oct 14 — Profits were banked big time on Friday, and the expected counter-trend rally was warmly welcomed as another opportunity to short again soon. The latest interventions over the weekend have shown disappointment from the market. I ...

Wall Street close watch

Bless You - my poor friend — Forums are a community, and they benefit from people who give back. Oh really? It is a fact that anyone can open 1:1 using MetaTrader4 or many other platforms, as you can see from the setup screen shot ...

Wall Street close watch

I agree Peter B should have used Log scale - not linear. His trend line and Fibos make are distorted and rendered meaningless. I said the same for some of the people posting 20 years of Dow using the wrong scale. You just comfirmed you can see ...

DJIA Futures

Fxorce - We have that in common, I trade the same way. I count 5 waves with the trend, and then a 3 wave correction pattern, then enter long with the trend. It is my bread and butter, and works 75% of the time. When I am wrong, losses are small, I ...

We're all saying the same thing

Put up.... — Rude nstein - I have been enormously patient to discuss the 2014 - 2016 bottom estimation quoted from Evil Speculator, so I gave you 5 different back up opinions from experts in analysis for the same dating issue, all in the same ...

Wall Street close watch

Me, and some friends.

DJIA Futures