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Flag trading the trend

  • #11,121
  • Jan 9, 2017 1:41pm Jan 9, 2017 1:41pm
You have a pretty enviable hourly wage that's for sure! Amazing trading.
Invincibility lies in the defence; the possibility of victory in the attack
  • #11,122
  • Jan 9, 2017 3:39pm Jan 9, 2017 3:39pm
Today was a tick per minute lol
  • #11,123
  • Jan 9, 2017 4:45pm Jan 9, 2017 4:45pm
Quoting Divergence
Today was a tick per minute lol
Great trading....regarding the webinar. What time zone are you in??
  • #11,124
  • Jan 9, 2017 5:07pm Jan 9, 2017 5:07pm
Even after reading the thread, I'm still confused with 1-2-3 pattern. I can't wait for the webinar. I also use Sierra and it's an awesome platform no doubt. The replay feature on Sierra is the best. Could be a perfect teaching tool for the webinar. This type of daytrade 1-2 hour scalping strategy is exactly what I 've been looking for for the past year. It fits my profile perfectly. And I've been watching daily CL and NQ. Keep those live videos coming! Win or lose, it's a refreshing and positive change to hindsight chart posting/training.
Again thanks a million for taking the time to do this.
  • #11,125
  • Jan 9, 2017 6:15pm Jan 9, 2017 6:15pm
Quoting PhilippineFX
{quote} Great trading....regarding the webinar. What time zone are you in??
Est new York time
  • #11,126
  • Jan 9, 2017 6:44pm Jan 9, 2017 6:44pm
Quoting miketrem
Even after reading the thread, I'm still confused with 1-2-3 pattern. I can't wait for the webinar. I also use Sierra and it's an awesome platform no doubt. The replay feature on Sierra is the best. Could be a perfect teaching tool for the webinar. This type of daytrade 1-2 hour scalping strategy is exactly what I 've been looking for for the past year. It fits my profile perfectly. And I've been watching daily CL and NQ. Keep those live videos coming! Win or lose, it's a refreshing and positive change to hindsight chart posting/training. Again...
A 123 forms when we make a lower low lower high but not a lower low and when last lower high is taken out trend changes
  • #11,127
  • Jan 9, 2017 6:57pm Jan 9, 2017 6:57pm
So, the 1 is the leg leading to a lower low, the 2 is the pullback itself and the 3 is trend continuation leg except it doesn't make another lower low? So it's a reversal pattern? What if the 3 makes another lower low?
  • #11,128
  • Jan 9, 2017 7:05pm Jan 9, 2017 7:05pm
Point 3 becomes point 3 when it doesn't take out point 1 but price takes out point 2 instead
  • #11,129
  • Jan 9, 2017 7:06pm Jan 9, 2017 7:06pm
But if point 3 takes out point 1 that's a new lower low
  • #11,130
  • Jan 10, 2017 6:34am Jan 10, 2017 6:34am
So great! Just realized D is doing some vids.

I really am looking for the webinar also.

Cheers!
  • #11,131
  • Jan 10, 2017 11:05am Jan 10, 2017 11:05am
todays price action if you want to call it price action was dull it stayed in a small range. I did put on 1 trade it got up 10 ended up +1 that's not worth a video. If it isn't trending I am not trading. I trade pullbacks in a trend based on market structure to determine the trend.
  • #11,132
  • Jan 11, 2017 4:08am Jan 11, 2017 4:08am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 176 KB
  • #11,133
  • Jan 11, 2017 8:14am Jan 11, 2017 8:14am
This one's just for JT, cos i know how much he doubts EW capability!

Attached Image (click to enlarge)
Click to Enlarge Name: uj11-01-17a.png Size: 177 KB


The X wave clearly retraces exactly 61.8% of prior 3w set, thus we should have the same again. We have had the a&b of following set. Wave 'a' start should not be breached, thus highly skewed R:R.

The result;

Attached Image (click to enlarge)
Click to Enlarge Name: uj11-01-17b.png Size: 196 KB


and why 11,606 target?

so, we pan out to 1000 tick chart and see this;

Attached Image (click to enlarge)
Click to Enlarge Name: uj11-01-17c.png Size: 149 KB
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #11,134
  • Jan 11, 2017 8:18am Jan 11, 2017 8:18am
To non EW'ers it looks like any old random chart, but these patterns play out over and over again.

It is not even off topic, it is finding a trend, determining the pullback and getting onboard with highly skewed risk:reward combined with high probability.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #11,135
  • Jan 11, 2017 8:33am Jan 11, 2017 8:33am
I didn't know this thread was about Elliott? Hi Harold!!!
  • #11,136
  • Jan 11, 2017 8:43am Jan 11, 2017 8:43am
Quoting Sossos
I didn't know this thread was about Elliott? Hi Harold!!!
It's not, but many years ago now when Harold got me into flag trading, i found the need to understand why some worked and some didn't hence i embarked upon understanding phases that the market trends in. EW is the answer to that and basically why i don't post much on here anymore, because my own journey throughout the years has led me to where i am now and i can no longer view charts without adding counts to them, in order to understand what will likely come next.

You will find that there are many charts having been posted on here which do not necessarily relate to Harold's exact method, but educational, all the same...

and as i pointed out above, it is not off topic by any stretch, far from it, in fact....
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #11,137
  • Jan 11, 2017 9:18am Jan 11, 2017 9:18am
Hey sossos long time no see hope your doing well
  • #11,138
  • Jan 11, 2017 9:21am Jan 11, 2017 9:21am
Yea, I studied Elliott for years, have the videos, did the seminar..... I like Andrews 5 pivot theory better, not so many thing to be wrong about.
  • #11,139
  • Jan 11, 2017 9:24am Jan 11, 2017 9:24am
Good to see you're alive and kicking still. Barb and I are getting ready for the big trip down under for 6 weeks. Taking the idea of heading south for the winter to an extreme!!! Hope all is well with you and your family. God bless!!
  • #11,140
  • Jan 11, 2017 9:25am Jan 11, 2017 9:25am
Quoting Sossos
Good to see you're alive and kicking still. Barb and I are getting ready for the big trip down under for 6 weeks. Taking the idea of heading south for the winter to an extreme!!! Hope all is well with you and your family. God bless!!
Have a blessed time
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