Hi Everybody,
Yesterday was a brilliant example of how the markets unfold absolutely perfectly sometimes..... Amazing that I hear so many times that people think markets are different now, and this Elliott Wave stuff does not work. Well, they have not seen days like yesterday !!
We start with the high of the day unfolding right at the minimum Wave 5 WPT, and on a high volume (VSA) spike................. this was a perfect setup to go short.............. The sensible place to bank profits would have been at the lower DP for a very nice +5.5R Profit (excluding slippage and commission).
But the point is that we had a perfect 5 Wave advance, that allowed us to nail the very high of the day, now I find that amazing !
Thanks, Steve
PS, there was an even better set-up just after the Wave 5 high – I wonder if any of you caught it ?
Yesterday was a brilliant example of how the markets unfold absolutely perfectly sometimes..... Amazing that I hear so many times that people think markets are different now, and this Elliott Wave stuff does not work. Well, they have not seen days like yesterday !!
We start with the high of the day unfolding right at the minimum Wave 5 WPT, and on a high volume (VSA) spike................. this was a perfect setup to go short.............. The sensible place to bank profits would have been at the lower DP for a very nice +5.5R Profit (excluding slippage and commission).
But the point is that we had a perfect 5 Wave advance, that allowed us to nail the very high of the day, now I find that amazing !
Thanks, Steve
PS, there was an even better set-up just after the Wave 5 high – I wonder if any of you caught it ?
