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NTrading Journal

  #11 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
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Gold looks like a good buy, targeting ~1211.00

Bonds may have reached a top. I am expecting a move lower. A break above the July 6th high will invalidate count

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  #12 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
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Gold bias is still to the upside, targeting 1210-1215 into a wave 5. Sellers may be active at those levels

Natural Gas is setting up for a long, targeting 3.018. Gas report out at 9:30

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  #13 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
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if the fib cluster holds, crude may retest yesterday's high

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  #14 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
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  #15 (permalink)
 4tison 
PhuKet Island / Thailand
 
Experience: Advanced
Platform: Sierra Chart NT
Broker: IB / IQFeed
Trading: ES
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NTrading View Post
-

You sound like you really are a Master of many Ships,

but a Conqueror of NONE.... at this point in time....

why do you wish to be a general practitioner
a chiropractor, an immunologist, a heart specialist
and an astronaut....

all at the same time, the same day and the same town....?

Won't it be better just choose to be whatever you
incline and choose to be.... an astronaut, a heart specialist
or whatever....

THE SIMPLE REASON BEING.... NO ONE CAN HARDLY
USE THE SAME TAPE MEASUREMENT TO, OR ONE DISCIPLINE
TO FLY ACROSS THE UNIVERSE OR CUT OPEN SOMEONE CHEST....

hoping that whatever special superlative skills you learned
and mastered, can be used to successfully applied in other markets successfully
as well....

Just a personal thought and experience, K? With due respect.

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  #16 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
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Gold may be setting up for a move lower in a wave C zig-zag. Fib resistance and prior wave 4 resistance


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  #17 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
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Thank you for your comments. Although I agree with you, I'm not sure what you mean. If you are referring to the Gartley pattern picture posted, then, it should be noted that a Gartley, Bat, Butterfly...patterns are nothing more than a zig-zag in Elliott wave

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  #18 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
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Today's thoughts on Crude Oil

Daily: wave D of wave 4 triangle
triangle is a sideways corrective wave with subwave A-B-C-D-E. In most cases all the subwaves of a triangle are zig-zags

60 min: Looking at wave D as a zig-zag
A zig-zag is a sharp three-wave corrective pattern labled A-B-C. Wave A is always an impulse or leading diagonal and wave C is always an impulse or ending diagonal. Wave B is always a corrective wave, that is zig-zag, flat, triangle, or combination.

We may be at the start of wave B of wave D

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  #19 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
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Today's Thoughts on NG

Daily: looks like a completion of correction wave c of iv

60min: possible start of impulsive wave higher 1 of v


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  #20 (permalink)
NTrading
Chicago Illinois USA
 
Posts: 122 since Mar 2017
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Crude may be putting in an extended flat or a running triangle with B wave...see crude post 8/28

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Last Updated on September 4, 2018


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