Let me correct myself "from 1280-13xx? is an impulse wave cycle"... $2000 here we come.... Going to wait for a sharp correction which is long over due (NOT GOING TO SHORT) but will go long then... That Bo guy is so far bang on the ...

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My wave count is finally broken when there was a close above 1312 on the hourly... Now the alternate count means that this upsurge from 1280 to 1313-15 was an impulse wave cycle... I've tried shorting this a couple of times with very tight stops but ...

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This is a public forum...and there are many pro programmers/hackers around... you will be surprised what "very inquisitive" people are capable of doing with such little information. Please for your own good...either take that post off; or conceal ...

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Wafiq please don't post your account statement like that with all your information (account number etc)... It is not safe!

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On a lighter note... CT - you should put this image in the first post... image

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How much does a good college education cost? why should one expect instant results when it comes to trading? Hang in there and keep a positive attitude..

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Roullette is 50-50 odds... Trading is 60 to 70%... but solely depends on your risk/reward ratio... At any given day at any given value (be it roulette, sports betting etc); I would choose trading... Because if you are smart and disciplined ...

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LOL!

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There are many types of wave cycles...but Elliott is the best place to start... url You should read the book elliotwave principle by "Prechter" (the valid source of elliottwaves). Any thing else you come across "neowaves", "harmonic waves" etc are ...

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Good you have something that works for you Retweaking MACD to low fibonacci numbers does not mean eradicating lag...The mind gets tricked into thinking this... In reality any indicator based on a moving average "is lagging" because it accounts ...

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LOL! That was a ploy by the government to give Americans confidence again..."by asking the greatest investor on earth" to buy the bank that should have gone broke! And it sure worked! The oracle of Omaha...is truly an oracle (self fulfilling ...

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Hi Goldglobal No problem... I really don't know how new you are to trading? but if somebody advised you to only trade/scalp the lower time frames and gave you a strategy based solely on oscillators then I would suspect it is your broker or some ...

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was this also during the time when Buffett became popularized/politicized...buying bank of america for like 2 to 6 buck a share or something?

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Have you ever considered trading the larger time frames? (1hr, 4hr, daily & weekly). The latter ones are much more predictable and you will not get stopped out too much... Small time frames are too choppy and are very fast (IMO)... If you are ...

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I think that is the key sentence here... And there is a lot of sense in what CT is doing; as long as ones lot size is very small and they slowly accumulate... Ct is right in saying that prices come back... MARKets range 70-80% of the time and trend ...

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The uSD index has really taken off the past few hours... (also aussie is falling off a cliff) S&P and other markets finished with a morning star.... todays close will indicate whether this "so called correction" is over or not... My Ew structure is ...

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True...!

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It's possible that the sell off is over... Deja vu Possible morning star on the markets (daily chart)... Also note the proximity to the 100sma and how price has tended to flirt and bounce off it! Lets see how the markets close today!

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Thanks for the reminder... Have you turned full on "bullish" disbarring the minor retracements? I still expect 1 leg down and then I'll be a full out bull... which I might become if a retracement holds in the area of 1296-1300. Cheers & Good luck ...

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Possible not confirmed....(wait for the 4hr candle to close) *also it should be noted that the S&P amd nasdaq seems to have reversed for the time being...Oil is not moving much & neither is silver*

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