Soooo we been short SPX down move from the top 4500 to 4000
10 minutes before the market closed we hit S3 the rubber band was spent no energy left.
I reversed and went long SPXL at 4012 ES Futures == SPY = SPX. i always talk in Futures
If i'm lucky they take it up overnight and i take profits in the morning.
The Tripple Thrust Elliot pattern is still in effect. Three sets of Five EWs completed
a down more from an all time high, and a counter trend wave 4 up, I expect more down
this is just an extra profit trade before we go down more.
If not i never hold these "Tripple" or "Tripple Inverse" long they are highly leveraged
using Futures, which are a commodity. Once i held one 3 months and took $3000.
In general I hold them less than 5 days, preferably 1-2.
I had a genius IQ age 10 and worked in Cybersecurity for 30++n years. I wasn't as
good of an Engineer as I am looking at chart patters. I first traded at 7. Opened one
of the first online accounts in 1981.
My Mentors are many. I hired Giget Sune for $200/hr and we soon became trading partners
She showed me how you can code tradinbg programs easily on TradeNavigator. She taught
me Elliot Waves, had me read Elliott Wave Principle: Key to Market Behavior Paperback – February 9, 2022 by Robert R Prechter (Author) the acknowleged Best book on EWT.
lastly i took all of David Elliots classes an became friends with him. I figured out his materials
over a weekend (I'm an Engineer right?) Some of his students behaved very jealous of me, as
they consideered me some kind of threat to their reputation... So they kicked me out of David's
EWT Trading/learning group and the next day 3,000 of them joined my room.
I am thinking about opening a room again focusing on high probability trades using 60 minute candles and The Pivots. If you are new and don't know me go back and read my posts going back 5 years, I have put out a challenge in the past... Find one that didn't work. So far no one found a losing trade. My posts are meant to be educational. I know all of the major chart types not just what most traders here know, but Volume Profile which talks about 30 " TPOs (time price opportunities) . You can find these here on TV they display similar to volume bars
but they display letters (EACH TPO has a letter) so that you can see the amount of volume at
every single price level that day.
If you like my charts and suggestions in the rooms consider joining my room. I will probably do 30 days free and then $100/mo sound fair? The timeframe would be 9:15 and done by 10:00. I will be out doing my other job but at 10:00 AM and 10:30 there are usually reversals, so you'd be launched if you wanted to continue daytrading. I'm not going to daytrade, i like low risk high probability trading using 60 " charts and the pivots.
I reversed and went long SPXL at 4012 ES Futures == SPY = SPX. i always talk in Futures
If i'm lucky they take it up overnight and i take profits in the morning.
The Tripple Thrust Elliot pattern is still in effect. Three sets of Five EWs completed
a down more from an all time high, and a counter trend wave 4 up, I expect more down
this is just an extra profit trade before we go down more.
If not i never hold these "Tripple" or "Tripple Inverse" long they are highly leveraged
using Futures, which are a commodity. Once i held one 3 months and took $3000.
In general I hold them less than 5 days, preferably 1-2.
I had a genius IQ age 10 and worked in Cybersecurity for 30++n years. I wasn't as
good of an Engineer as I am looking at chart patters. I first traded at 7. Opened one
of the first online accounts in 1981.
My Mentors are many. I hired Giget Sune for $200/hr and we soon became trading partners
She showed me how you can code tradinbg programs easily on TradeNavigator. She taught
me Elliot Waves, had me read Elliott Wave Principle: Key to Market Behavior Paperback – February 9, 2022 by Robert R Prechter (Author) the acknowleged Best book on EWT.
lastly i took all of David Elliots classes an became friends with him. I figured out his materials
over a weekend (I'm an Engineer right?) Some of his students behaved very jealous of me, as
they consideered me some kind of threat to their reputation... So they kicked me out of David's
EWT Trading/learning group and the next day 3,000 of them joined my room.
I am thinking about opening a room again focusing on high probability trades using 60 minute candles and The Pivots. If you are new and don't know me go back and read my posts going back 5 years, I have put out a challenge in the past... Find one that didn't work. So far no one found a losing trade. My posts are meant to be educational. I know all of the major chart types not just what most traders here know, but Volume Profile which talks about 30 " TPOs (time price opportunities) . You can find these here on TV they display similar to volume bars
but they display letters (EACH TPO has a letter) so that you can see the amount of volume at
every single price level that day.
If you like my charts and suggestions in the rooms consider joining my room. I will probably do 30 days free and then $100/mo sound fair? The timeframe would be 9:15 and done by 10:00. I will be out doing my other job but at 10:00 AM and 10:30 there are usually reversals, so you'd be launched if you wanted to continue daytrading. I'm not going to daytrade, i like low risk high probability trading using 60 " charts and the pivots.
Comment:
sorry we went down to 4500 not 4012 my bad
Comment:
well if you click the right arrow you will see we later went to 4505
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ