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Search: Posts Made By: SoonPeso7
Forum: Trading Journals August 13th, 2015, 10:17 AM
Replies: 12
Views: 3,415
Posted By SoonPeso7
Wave 2?

Last trade gave a few bucks. Commission and Red Robin meal with one grand kid. Market jitters last night made it hard to trade when one is sleeping.

At the top. When I see a big pattern of...
Forum: Trading Journals August 13th, 2015, 04:48 AM
Replies: 12
Views: 3,415
Posted By SoonPeso7
1-2-1-2 or abc5

My favorite pattern is what I call a 1-2-1-2 pattern for turn point. In Elliott Wave patterns it is a a-b-c- with a fifth wave failure. The two wave retraces approximately 66% or a bit more. Using...
Forum: Trading Journals August 12th, 2015, 03:37 PM
Replies: 12
Views: 3,415
Posted By SoonPeso7
Pull back and....

When the market gets extreme away from the moving averages. One needs to look for a block of trading and take action. In this case it would be a short. So will try a short here with close stop.
...
Forum: Trading Journals August 12th, 2015, 02:20 PM
Replies: 12
Views: 3,415
Posted By SoonPeso7
Pull Backs

No matter what this forum individuals believe. One just has to look at the charts. 80% of the pull backs last night were winners and the same when the market turned up. Most traders never get that at...
Forum: Trading Journals August 11th, 2015, 02:27 PM
Replies: 12
Views: 3,415
Posted By SoonPeso7
Flexible

Thought it was going to turn (last post) and lost a couple hundred, but reversed quickly for the day and here is why. Look at upper right chart and notice consolidation 1 and consolidation 2....
Forum: Trading Journals August 11th, 2015, 10:10 AM
Replies: 12
Views: 3,415
Posted By SoonPeso7
Makes one wonder

The market is at a crucial area of analysis when one could say, you love me you love me not. My thoughts are the red line for change. The bigger consolidation last night appears more a B wave then a...
Forum: Trading Journals August 10th, 2015, 11:54 PM
Replies: 12
Views: 3,415
Posted By SoonPeso7
Bad News

Just noticed that I have been posting the same chart. That will be hard to go back and evaluate. Drawing the line like this usually a good way to find a market turn. It often goes deep the other...
Forum: Trading Journals August 10th, 2015, 03:32 PM
Replies: 12
Views: 3,415
Posted By SoonPeso7
Next Swing

Normally the biggest moves of the day are early in morning or end of day. Is it today? The two moving averages on the right charts have not indicated a solid trending market. So keep trading the ...
Forum: Trading Journals August 10th, 2015, 09:22 AM
Replies: 12
Views: 3,415
Posted By SoonPeso7
Does what it does

Never got the pull back I was suspecting and will try to pick up a couple on filling last nights gap open this morning.

since I am still looking for my five posts it says I can not place the...
Forum: Trading Journals August 9th, 2015, 04:02 PM
Replies: 12
Views: 3,415
Posted By SoonPeso7
Sillywave's Journal (Elliott Wave style)

This is my journal and my explanation of what I see in the market. Using moving averages to identify wave patterns and strength of market movement. Both critical to wave structures.

I use a...
Showing results 1 to 10 of 10

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

 


 
 


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