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- rnl16616 replied Jun 23, 2008
Thanks for taking the time to respond. I think I understand your trading system and about selecting timeframes, system setup, entry, exit and money management. Although I have struggled to backtest the system as buying on dips has a strong element ...
- rnl16616 replied Jun 22, 2008
Comment has been made previously in this thread about treating this as a "business" and using a "business plan". Can someone explain a little more clearly what that is in terms of the key principles/steps? [I appreciate that it is highly likely that ...
- rnl16616 replied Jun 20, 2008
I have been lurking on this thread for a little while now and enjoy your journal entries. I have a question for you. You have touched on this briefly before: what timeframe do you prefer to identify your wave breaks [and why] and how do you assess ...
- rnl16616 replied Jun 17, 2008
If you read my post I was not asking for a signal service and I think I understand the system. I believe that it is profitable but the question was about the actual historical performance characteristics. Thanks for taking the effort to reply but ...
- rnl16616 replied Jun 15, 2008
Jacko has kindly posted his system for trading EUR/USD and is now teaching it to the Jacko Turtles. The system itself is reasonably clear, however, I would be interested in seeing its actual performance or backtested results: 1) Average annual ...
- rnl16616 replied May 8, 2008
Nice thread. Can you explain your use of: 1) Pin Bar - what are its defining characteristics and how do you interpret its signal [you presumably interpret this as some sort of exhaustion spike and signalling a price reversal...] 2) BeOB or BuOB - ...
- rnl16616 replied May 2, 2008
Is there a strong discretionary component to what is considered a dip? It seems that there must be otherwise there is a real possibility of missing an upward trend. So either case below would be considered a dip dependent on circumstance and your ...
- rnl16616 replied May 2, 2008
Jacko, you have covered your entry and exit system for a trade. What do you use in terms of position sizing? For example Alexander Elder recommends 1%-2% of capital per trade with a maximum exposure [to loss] of 6% in any one month period. People ...
- rnl16616 replied Sep 26, 2007
Yes, thankyou.
- rnl16616 replied Sep 26, 2007
Supporting an Elliott Wave count — How do people here support their Elliott Wave count? a) Do you use additional technical indicators to confirm/deny an EW count? b) Is Elliott Wave analysis used as the primary or secondary tool to determine a ...
- rnl16616 replied Sep 26, 2007
Still have two EW cable counts... — GBPUSD - I still have two alternate counts going at the moment with no resolution visible yet on the daily chart. Anyone see any third or fourth EW count alternatives?
- rnl16616 replied Sep 26, 2007
Good call on this. I know this trade is now closed and I can see your EW count but if I may, I would like to ask a few questions about the trade: 1) Why did you enter short at this particular level = 20275? 2) What initial stop loss did you set? Did ...
- rnl16616 replied Sep 1, 2007
Does anyone have any experience with software programs that perform Elliott Wave analysis? [RET = Refined Elliott Trader; MTPredictor; Elwave...] If yes, are they good, bad or indifferent?
- rnl16616 replied Aug 30, 2007
I have posted the chart I have of the two alternative counts as an attachment. [I am not sure how to post the image directly into this message as I do not have a URL for the image] Alternative counts are colour coded.
- rnl16616 replied Aug 29, 2007
africanpip I got a hiding today....good and solid....I traded my plan but because of volitilty extended my SL but that got hit at 170. Watch it turn now.....going to have to approach one of the three wise men for advice...... I know the ...
- rnl16616 replied Aug 27, 2007
Been away for a few days and cable has broken 20152 so I will need to revisit the original wave count. However, at first glance it looks like the obvious main interpretations: 1) Zig-zag finished at 19652 completing Wave A with Wave B in progress 2) ...
- rnl16616 replied Aug 22, 2007
marketwavez Quote: Originally Posted by Big Wave Rider image Anybody using the Neely system and his indicator? I havent quit figured it out yet, I am still reading the book which is pretty damm complicated. I havent found the indicator in his book ...
- rnl16616 replied Aug 22, 2007
marketwavez Don't expect everyone to have the same wave count as you... I don't, that is why I have asked questions. ...so therefore is always a difference of opinion...It's a place to exchange ideas and thoughts That's my understanding too; that is ...
- rnl16616 replied Aug 22, 2007
Jacko I have also just read an article which mirrors my own thoughts on what I believe is the big-ass "wild card" for currencies in the near future. (I was actually wondering when someone else would see the parallels in the current situation) ...
- rnl16616 replied Aug 22, 2007
Marketwavez Gbp/Usd Price Action .......... ------------------------------------------------- Can Price break below 9645 this week ? Let me ask two questions: 1) Why have you chosen an impulsive pattern [wave 1-5] rather than a corrective pattern ...