LNG breaking out. After my HL take down, it's good to have a good old fashioned highly leveraged winner. Could see 9.20+ before close here on shares I picked up on average 8.56 yesterday. It's all chutes and fucking ladders.
JAG's looking strong here as well.
Thanks jhnewman,
It's about the same time frame I'm working in as well. I guess cash will be the place to be starting anytime now. Atlee, what do you think?
Newman is back.
some one please let me know when they have a clear, without additional if ands or buts, elliot wave signal.
No, we must have been wave x or count z crap instead of a smaller wave y count q. Just a clear freaking buy or sell.
This wave crap is making me sea sick and seems to always have a cover so they are never wrong. I have yet to see anyone take a clear freaking position. So please do me a favor, when you do ,give me a shout out. Thanks in advance.
Use only the simplified 3 wave stuff.
There is a reason Elliot died broke in a rooming house in Jersey.
1270 to 1292 is an obvious clear impulsive wave up in ES using this thinking.
2nd wave is down to 1279 or thereabouts.
3rd Wave which should measure same length as first wave up targets and ends at 1301-2.
For starts and ends of impulse waves look for something with a nice tail on it that goes to high or a low that stands out.
Entry classically speaking is once the half-way mark is exceeded on the final leg and some will use an entry with tight stop 1/4 way into the final leg. Halfway mark is 1290 area and because it was exceeded then someone using this method would say there was a probability that the target of 1301-2 would be achieved. It was the tell.
now is all that unclear?
JAG just popped after hours with a "strategic review update." It appears Shandong has some competition as multiple parties are interested. JAG trading over 7 as I type.
$2.70 and someone has my shares.
http://finance.yahoo.com/news/Jaguar-Mining-Provides-Update-cnw-71521302...
Thanks for your feedback to my post.
You asked for a shout out when someone takes a clear position with Elliott Wave. So here's that shout out.
5 1/2 weeks ago, I put up a long post near the beginning of Turd's 12/5 "Prepping For the Week Ahead" message. At a time when gold was at 1750, and most people were calling for it to go up, I forecast it would be going down to 1511 - 1420 within 5 weeks. Here's the beginning of that long post:
**********
thanks SW clear as mud my friend.
jhnewman so what is the trade right now? Not 5 weeks ago when you were right. How about right now what is the signal? Are you long or short?
...tells you what the trade is. Do you know how to read an analysis?
The trade is to sell your PM longs and take your profits if you're long. And then the trade is to go short the PMs now for the ride down to the Big Bottom.
I am heavy short through DUST, the -3X for the miners, and I made +30% on this same trade for my trading account in 2 1/2 weeks in December.
DUST will be another big profit over the next 3 - 4 weeks, IMO.
And why all the unnecessary belligerence? Point me to a Big Forecast that you made that was dead on, please. If you've had a bad day -- go beat your dog.
When I read some of Atlee's posts, in my mind, I hear this general.
This is a classic, as well....
Nothing but respect to the generals!
edit - more of the General........and I quote,
"Oh shit, fuck me cocksucking motherfucker. Aw, fuck me."
no belligerence. Just want a simple answer. No offense intended but this makes 3 times I have read about your correct call 5 weeks ago. I am just asking what the position is now from an elliot wave stance.
Sorry if you feel offended.
Exactly. I use Elliott Wave in a very broad-brush way just like that -- focusing on the 3-waves/5-waves, for instance -- in order to get some valuable predictive clues. Then I combine them with clues from other areas of TA, macroeconomic analysis and fundamental analysis to get a pretty good idea of where price is going next and when it's likely to get there.
Too many EWers get tied up trying to label every little subwave accurately before they make a trade, IMO, and by the time they've done that to their satisfaction, the trade has passed them by and they have to start all over again -- with the same results the next time. I don't get caught up in the subwaves at all, and don't get caught up in arguments about "what count we're really in", etc. etc. I'm interested in trading and making some money, not winning an argument.
All the best. Later.
I outlined the position now.
But it's not from an Elliott Wave stance. It's a position based on a combination of different things -- not exclusively EW.
Later.
that sounds more like some of the guys I play golf with.
I have never thrown a club. But you know they named it golf because fuck was already taken.
I am hearing so much elliot wave lately that I have actually learned it from reading so much of it. I have come to one conclusion; they are never wrong because they never take a position. If they do I only hear about it after the fact and when site their wave count as being the determining factor.
Man I don't care if you flip a coin. I just want to know, real time, what the position is and why only if you can keep the explanation down to 50 words or less.
In my opinion, if 1650 is taken out any time soon then you have to reset the wave count and the down target changes.
If this wave up takes out 1650 tomorrow or Friday then the new upside is 1700 with a stop off at 1675, anybody sitting in tons of Dust will be crapping their drawers in that case.
If it rolls over here there will be time to get short imo.
@jhnewman
I am sorry I forgot to answer the rest of your post
1. I have never been right the market
2. unlike you I don't have 4 years experience, I just started doing this last week
3. I don't have bad days. But I do have a dog.
Nice. Nice clean arguments. Done. Move on.
Seems to have got a good idea.
He sees the market in terms of
ripples, waves and tides. This
is a nice analogy imo, because
it acknowledges the presence of
undercurrents and crosscurrents
that act as distortion to tidal flow,
but they are not interpreted as
a set of predictable circumstances,
but to be thought more as random
and transient forms of direction
change. That's how I interpret
him anyhow.
....you seem to be telling me in a sarcastic way that you're a good and experienced trader. And the number of hat tips you have would suggest the same thing.
But in my first post to you, I never said or implied anything different.
Your first post to me was rude and unnecessarily belligerent. My reply to you was not. I answered your original rudeness in a polite way, and I was in no way abusive to you and in no way said or implied that you weren't a good trader.
In this whole little interchange between us, it was you who came after me -- I didn't come after you.
You may be a Big Dog in this forum, but that doesn't give you the right to treat people in a rude way. And the Biggest Dog on this site -- Turd himself -- would never treat people that way. At least I've never seen it.
So, I'm sorry you and I got off on the wrong foot. And I'm certainly happy to let bygones be bygones if you are. You must be a good trader to have that many hat tips, and I'd certainly like to trade ideas, observations or analysis with you in the future. And I'm pretty good when it comes to this stuff too.
If you were rude because you had a bad day -- I can certainly understand that. I've done the very same thing myself a number of times in the past and have to constantly watch myself to try to control that impulse. You and I and everyone in here are in a very, VERY stressful undertaking, and good traders tend to be aggressive -- sort of like fighter pilots.
Anyway, I do sincerely wish you all the best. I've gotta run now to review charts and read stuff in preparation for tomorrow.
Comments for "Pailin's Trading Corner"Keep up with the latest TF Metals Report news. Subscribe to "This Week in Turdville" today!
| Username | Hat Tips Earned | |
|---|---|---|
 | Mr. Fix | 2254 |
 | The Watchman | 2165 |
 | ancientmoney | 2020 |
 | Pining 4 the Fjords | 1780 |
 | JakeBlues | 1721 |
 | AlexCojones | 1612 |
 | Gold Dog | 1476 |
 | Texas Sandman | 1423 |
 | Bollocks | 1365 |
| SouthernCross | 1215 |