A Possible Long Term Elliott View

[malvado xetra]

Considering That Last Retracement Has Finished Helped By Cpi The Bullish Market Gets Reforced.

I Attach Some Charts From Dax And Sp To Show A Possible Next Future Scenario.

[brownsfan019]

Mal - so does this mean you are going long here, short or doing nothing? I don't use elliot waves, so I'm wondering how to interrupt all of this and how you are/plan to trade it.

[notouch]

The problem with Elliot Wave is that you can take random data, put it on a chart and find Elliot Waves in it. A lot of the waves you've identified don't look very convincing. An Elliot Wave should ideally retrace to a Fibonacci level but a lot of the waves you've identified don't and look more like ordinary market noise than proper Elliot Waves. I think there is value in Elliot Wave but at the moment the only waves I see are on the weekly chart.

[walterw]

Wave counts can be a hard task, now what MX is showing has to be monitored very closely, a break on does highs will be a key event... if it happens it will shure validate his wave counts... cheers Walter.

[malvado xetra]

Brown,

I Cant Tell If Im Long Or Short Or Doing Nothing. It Wouldnt Be Politically Correct Under The Traders Lab Rules. This Is Just A Possible Chart Scenario Like, I Imagine That You Have Yours. If You Want To Share It Or Not Is Up To You.

Notouch,

A Weekly View Is Quite Reliable Always. If I See The Weekly Chart The Counting Wave Is Even Easier. Thanks For The Appreciation

[brownsfan019]

	Quote:	malvado xetra
	Brown, I Cant Tell If Im Long Or Short Or Doing Nothing. It Wouldnt Be Politically Correct Under The Traders Lab Rules. This Is Just A Possible Chart Scenario Like, I Imagine That You Have Yours. If You Want To Share It Or Not Is Up To You.

I don't believe James does not allow you to specify if you are/will be long, short, flat. I posted a couple here recently explaining that I was long and what was going on with the trade. The point here is to share, like you have, but give us something concrete as well. I've posted some charts throughout (as have others such as PivotProfiler) that are very explicit with entries and/or exits.

See Walter's new thread as well on the flip trade. There's exact setups and entries posted there.

So, I think you can share your basis of trading based off these charts, unless of course you're not quite sure what all those lines mean. :p

[malvado xetra]

Ok Brown I Post You My Strategy.

We Ll See What Happen.

I Am Long And Swinger For This Trade.

You Make Work A Lot Noughty Cat