SunTrader

Well then I'd say that you are the one making assumptions. I never hope, Not in the case of Presidents or trading.

Yes if 99% use MA's. I don't think they do though, but someone has to make up the 90% quotient who lose.

Most indicators are based on rate of change. Moving averages are just one variation, albeit the most popular - especially with noobs.

EWI makes it look all so simple. If one "knows" wave 2 is just a correction of wave 1 and not a continuation of the previous downtrend then of course buy it. Often confirmation comes only once the wave 1 top is taken out and even then the whole move might itself just be a ABC correction and not wave 1/2/3 of 5. BTW they didn't mention that although rarely there is such a thing as a 5 wave correction.

Wow!! 10 times. So I guess you trade really small or have a humongous trading account balance? Not that it is mine or anyone else's business what any other trader does and that applies to which rules me, you or anyone else does or does not adhere to. The "market" sorts it all out.

No system or human can know that at all times and under all market conditions.

And the reason why they lose is either risking too much or making too little. Manage risk ......... plus cut losses short, let winners run.

Those who risk 1000's to make 10's of dollars feel the need to post their trades.

My contribution (warning 8 minutes long - actual song begins about 1:50 in - but worth it): [ame=http://www.youtube.com/watch?v=BBSOjm8S34U]YouTube - Jackson Browne Sky Blue and Black[/ame]

I was as well. :dito

Saw this morning all 7 major Euro pairs were having inside days. Then the only one to break out, on the low side, was Kiwi/Dollar. It has since reutrned back to Friday's range. So we'll likely see more (or is that less ) tomorrow until 215pm ET.

As for Gann what I seem to have gotten out of his ideas are the squaring of time and price. When it happens, which is not too often, it can be strong signal and very profitable. On the main subject here are some other cycles that lined up on my 5min SPX chart this afternoon.

Take a chart from say the 1920's, 30's or 40's (see example attached) and see how well fib did work even before they were "discovered". 38% retracement 127.2% extended retracement cluster of: 50% retracment 161.8% extended retracement 100% projection of 1st swing up When they work (which of course is not 100% of the time), they work. Not simply because "x" number of traders are watching.

You've been busy. Sometimes TL throws you a curve. When I opened email link to what I thought was your last post somehow the one I was referencing was 2 pages back. :doh: This is the one I disagree with slightly: "Time has no bearing on money. You could earn 5% in an hour more than you get from a bank account in a year. That has no bearing on whether the market is going to carry on in the same direction. Nobody went broke banking profits". + + + Although I am optimistic by nature I like to concentrate on how much I can lose because "you have to survive to thrive". And the other point is you sure can go broke banking profits.

IMHO you should rethink that last one.

Now you are really not going to like me when I say that that little link at the bottom of your most recent post I believe is a no-no per rule# 5 - No promotion allowed. So please remove it or ....

Not that I am aware of?? Nothing for July - August 10th is the next meeting.

Neither will screentime do it alone.

+ 1 to the above.

I can tell when it is the first HL or LH 100% of the time - in hindsight.

I'd never "look a gift horse in the mouth".

Lik BP's oil and the water of the Gulf of Mexico - a bad mix. :fight:

Based on what, besides the overall market dropping?

Whatever works but all I am saying is if you measure ranges than where price closes matters less if the following day the move extends the projected fib levels further out - like today's low. Unless of course you exit at the close and move on to next trade, than that is what matters most. :thumbs up:

If you are referencing close amounts to do with fibs, that only works if the fib retracements are drawn from close to close as well - which is what I sometimes do. Apples to apples in other words.