Recent content by slight

that cant be explained just like that. it depends on the market situation and more or less what wave you are in. there are a couple of ways to do that, depending on how long you want to stay with the trend or bank profits.. reading his books should give you a good idea about that.

Re: 10/09/2010 NOW I agreee with your preferred count ;) still thinking price is going to hit at least 1220. Friday's close seconds that. We'll see. Weekly is upwards now .. if price keeps rising during the next trading days this is supported as well. Long since 1157,9 ... can't wait to see...

hm after this false breakout to the upside this afternoon i wonder if you could be right after all with the bull trap .. will price run back into the sidemove? we'll see.

Well well well who would've thought that ... internally, I am looking at wave 5 of 3 .. meaning, there is going to be a wave 5 for this timeframe (4h) as well. it will probably go up more before coming back more significantly...

Re: Weekly Yes I would second that, but I am very cautious about that. I will only take breakouts to the downside after a smaller degree wave 1 has been made, no immediate reversal signals for me.

Ah ok I now see what you mean. If wave [I] really has completed and the end of wave [II] correction has also been met, you are now thinking, if it goes up, that it's a weekly wave 3. That is possible as well of course and would bring pretty nice buy signals over some time. And you are right, if...

Just so people understand the power of the trend in the softs department .. here is the current orange juice and soybean charts including entry and stop locations ... I found commodities trend much better than currencies and even better than indices (even though they are pretty good) .. but I...

Re: Weekly I was surprised by this weeks up-action as well. Didn't think that would happen, fortunately I didn't sell as I had planned at the beginning of the week. Imo this must be the last couple of tries getting gold higher and higher. A correction is overdue. Even the weekly chart is...

Re: Weekly hey snowrider, here is a question for you, since I cant tell from your charts what your overall wave count is .. on the sp .. if you check the weekly chart, there is a wave 5 just happening right now with the breakout above 1130. I am expecting this to go above 1220 sooner or later...

Good call shorting Gold I believe. I will put in a pending short on monday as well. Funnily enough, I heard on the radio on friday how gold is at its alltime high etc pp and I thought ... hm, now that they are talking about it in the radio I should take that as another argument for selling gold...

It's a bummer not a lot of people seem to care about the softs ... they are trending much better than what most people are involved in: forex. I am currently running 3 trades on higher timeframes (4h, daily) that are all in profit... orange juice, soybeans and copper. Wheat soon to be hit. With...

Re: 09/14/2010 What is wave-9 and wave-8?? I am surprised on this guy as well that it has been going up after taking a break before hitting 1265 area. However, it's done now pretty much .. I see 5 waves ending on multiple timeframes ... next week price should be declining is my guess. I exited...

Re: 09/11/2010 Your preferred count works good. Can't wait to see how it will end ... I think since this guy is losing momentum more and more and there is barely any steam upwards anymore, there will be a correction pretty soon before reaching 1180 as indicated in your chart (dunno if that is a...

This upmove is losing and has been losing steam for days now. A correction is over due in my opinion. I wouldnt have thought it goes that high .... acutally, I do believe in the weekly chart we will see new highs, but before that should come a higher degree correction during the next trading...

Re: 09/07/2010 you may be right on that intraday count. i also see the waves ending, but cant really come up with a satisfying count .. many divergences, 5 waves could be done already, or another wave 4 and wave 5 are following .. I'll post a chart when I know more.