SunTrader

The expression made famous by John Maynard Keynes “The market can stay irrational longer than you can stay solvent.” had nothing to do with divergence(s).

And you must be a mind reader, as well as a skilled surgeon, since you know me and everyone other trader on this or any other trading forum. Keep up the good work, you talk a good game. Have a good Sunday resting your skills.

I don't know why I am bothering posting here since I am one of those "idiots" who find trading opportunities every single freakin' trading day, with a few exceptions over the course of the year. But if you filter out 44 out 50 trading opportunities then you didn't have 50 trading opportunities, You had 6 otherwise why filter them out. BTW it is George Soros - one s. Keep the insults coming oh great one.

"Anything is possible", but it probably won't help Gold at all. Those are possible reasons to sell the dollar but not necessarily reasons to buy Gold. Buying Gold is not automatic when selling the Dollar.

JC Penney: Getting Better? JC Penney: Getting Better? - Stocks To Watch - Barrons.com

BTW chart illustrates what Tom Bierovic/Playing for Keeps in Stocks & Futures calls a type II bullish multiple divergence.

Kick it to the curb. Or is there a rookie/newbie section here?

Divergences like trendline breaks, like moving averages, like XYZ etc work, except for when then don't work Knowing the difference, hopefully, is the key.

Those who believe in manipulation, are.

Not the only reason. Trend and momentum are two more reasons I can think of when comparing price to a previous price.

True. Day to day I trade the markets. This is all background noise to me.

Very little likelihood we can keep it going beyond a couple more years.

Most likely nothing, actually is the better description - for both. Neither want to acknowledge debt problems and are "kicking the can" down the road.

Where? And note my location before you reply.

Seems obvious to me. Market has spoken. Next the debt ceiling fight (deadline Oct 17th) is what matters to the markets. We have had shutdowns before. It is all political. But debt ceiling is an economic issue. Possible default, although highly unlikely at this point, would be big, very big. + + + Who was it that said Gold is bullish? Anyone? Bueller? It hasn't been since 2011 fa-cri-sakes.

Nothing wrong with it. Those who can't, teach,

What is that? Teach, talk or write a book about trading rather than actually trade.

Oh yeah and he did even better in the mid 90's year after year calling for a crash. He was right ........ eventually. :doh: But he makes his by teaching, not trading. Can you imagine. Wow! Another rule follower. Actually he probably wrote a few that even old man Elliott probably never fathomed.

Kind of merged two posts together here so I'm guessing the question is directed towards me? EW is no different than any other technical way of trading. Decide what you believe is happening, put a trade with a stop in place and wait for the results. Do wave counts change - all the time. So. Do OB/OS oscillators swing back and forth or give wrong or just plain lagging signals. And lets talk about the Lag Kings themselves MA's or MA crossovers. Whether I am using EW or a few other things in my tech toolbox I lay out what I think price should do to confirm I am right AND what price should to confirm I am wrong. Not much more you can do no matter what you use.

Thanks but you stick with yours and I'll stick with mine because as you can see with this chart version with fib time and price levels all duly noted for each wave they are almost perfect. Waiting around for 100% perfection is :doh:.

Hate to sounds like a broken record. Post away but as I say agree to disagree. You might be right but there is never definite in trading. You should know that. If you don't well ........

They were all guidelines - originally. So then I am wrong on this Gold chart. Wave 3 of Wave A is the shortest. Throw the count out. Except it worked. That is what I go by. Otherwise I am waiting around for things to be perfect. And miss out. As I said, we can agree to disagree.

That is what I do. But I don't force it to make a count that in actuality is not there. EW is NOT there 100% of the time in 100% of the markets. As you know Elliott developed it on the Dow. BTW originally these "rules" were no such thing. They were in fact guidelines. It was only after prodding from the public and his book publishers he felt obligated to "iron-clad" his theory. Give them what they want. Nothing in trading then, now or in the future is absolute.

Did I say I trade without a stoploss. Anyway we will have to agree to disagree. And I'll continue using EW - when it is right - but always trade price above all.

Markets (in the form of price waves however they are defined and labeled) are sometimes known to not follow the rules, What then? By that as an example an impulsive wave 3 (in a picture perfect five wave move) turns out to be the shortest wave - start the count all over? Its no good even though price turns and reacts as it should to a 5 wave completion Don't tell me bring out the X's and Y's or alternative mangled labeling re-labeling sheeesh. Price marches on.