OAC

I hate to say this. I will not sign up for his webinar any more. Since I signed up for the last one, I have been getting a whole bunch of nonsensical spam mails. I have a very exclusive e-mail address, and I never had spams before.

I just signed up. Thanks James.

Well, thats a gutsy statement to make ! IF you turn out to be right, I guess those of us who call you a fraud would have to eat our words, huh ? But what happens if you turn out to be wrong ? I guess you will just lose two lousy ticks ?

I can't agree with you more there. my next question is why does John Carter charge close to $500 for each of his TTM Squeeze, TTM Scalp, and TTM Brick Indicators like they are some Holy Grail Indicators ? Why doesn't he just give them away ? It sure create the wrong impressionj for a newbie in my opinion. Or is it that he needs the money because he can't make enough from trading ?

Let me clear some of the confusions that may be out there. There is a difference between the 1-4 target line and the EPA. EPA is defined as the apex of the 1-4 target line when we 've arrived at the ETA which is the point where 2-4 line intersects the 1-3 line.

The term Wolfe Wave came from the gentleman who originated it: Mr. Bill Wolfe. For many years, he had a course on his website selling for $3000 and I believe still do. My friend took the course and I had the previlege of peeking at it at one time. I can tell you that he hardly uses the EPA, and most of his 1-3-5 lines are nearly horizontal.

Wow, that is exciting. Most people pay attention to price, but I did a little timing work this past weekend (Nowadays I don't take any significant position unless, Price, Time and Pattern all come together). Just like price, where you may find confluence of support and resistance from several major levels like weekly pivots, 200 day ma...etc. There is a confluence of several time cycles due this week. Also if you notice, the first leg of the drop from 10/11/07 to 11/26/07 took 30 trading days, and the second leg of the drop from 12/11/07 to last Friday is 26 trading, so a few more days of the drop will still produce time symmetry. The Butterfly Pattern I mentioned last week can still be valid according to Pesavento(the originator of the pattern) but get extended from 127% to 162% of the distance of the rally from 8/16/07 to 10/11/07. Since it is a Big Butterfly, the next extention would take the Dow down to 11,000. Because of several time cycle due this week, I didn't think Dow can still drop another 1000 points in a couple days. Now with the Globex down 6%, we are already halfway there. Wow !! If Dow goes down to 11,000 this week, loading up on OEX call options would be the way to go anticipating a huge bounce . The way I look at it, the only way that we don't get a bounce at the 11,000 level is a complete meltdown of the Derivative Market . Trillion dollars worth of highly leveraged derivative products had been built up in the last few years, it is like an accident waiting to happen. If that happens, I will lose all my option premium, but then a Derivative Meltdown will throw the world's financial system into the stone ages. we would then have very little worry about a recession, because depression will be the word of the day.

I thought some of you may find the two attached daily charts of Dow and S&P 500 interesting. They are two almost perfectly formed Butterfly Patterns with the right proportions textbook style. It is a very powerful pattern and it should hold. if it fails, then the market can get very ugly. So Mr. Market, the ball is in your court.:o

Well, we better not crash. I took a long at the close yesterday in my long-term portfolio based a potential completion of an ABC correction on the daily chart. I have a tight stop, and risk vs. reward looks great at this point.

I hope that is a hypothetical question. The reason you are asking this question is probably that you don't have enough experience under your belt and you are already trading 50 contracts ? Do you know that 50 contracts controls about $3 million. A 1% move, which can easily happen in less than a couple hours given today's volatility, means a $30,000 swing in your account. And you are doing this from your car with a wireless card and a laptop ? Well, you must be a very wealthy man.

I find that a Wolfe Wave failure, meaning failure to reach anywhere close to the 1-4 line after point 5 had been established, sets up some of the best bull/bear flag formations.

One good thing though. With the Opentick and Ensign combination, I am able to display $VOLD (used in E-Signal), which is $UVOL minus $DVOL on NYSE. Opentick has both $UVOL and $DVOL and Ensign can calculate a spread between the two. Not sure if NinjaTrader can do that ?

I only had it for less than a week and I use it to run Ensign. There is a problem already. The symbol ES #F is supposed to give me the nearest month ES contract. I still get Dec contract coming in as new data, but when I refresh, I get march contract and leave a nice gap on my chart

It is a failed Cup-and-Handle, although the handle looks big compared to the cup.

Tasuki: The relationship is simple. If you go to Bill Wolfe's website, he said the key thing WW measures is balance. You have 3 things: WW, Pitchfork, and parallell channel all measuring balance, the lines are bound to run into each other. Just like if your Stochastic is oversold, then your RSI is probably also oversold because both measure momentum

Also I would like to look into exactly how Wolfe Waves relate to Elliott Waves, can anybody give me a head up on that ?

Or if you draw a parallel channel from pt2 parallel to 1-3 sometimes gives you pt4

Sometimes Wolf Waves's 1-4 line is the same as Andrew's medianline.

Actually trading was pretty orderly for a big down day. Or is it because I am getting faster at this game ? :\

Actually your Wolfe chart looks more like a Gartley to me.:\

BTW for an entrepreneuer, MBA is basically useless. Next time I will go for my Law degree. AbeSmith is smart. If he blows up his account, he just hang up his shingle for his new law practice. Not too shabby.

Thank God, I have my MBA and I didn't fall for that Auction Theory talk. But then my MBA wasn't cheap. Damn, Life is a bitch.

You have to be careful, a vendor can easily infiltrate a forum. registering for membership requires no proof of age, no credit card, Vendor know how to plant the seeds, they are not that stupid.

Swear to God, this Trading Mind has been around a long long time. Give Ebay a shot first.

I kind of disagree with that. I watched quite a few of his SFO video clips lately. He talks a lot about the Fed, Subprime, corporate earnings. how they move the market, then he just use "auction" as a fancy word which really don't mean much. My experience with his room is limited. I can't say whether he can trade or not, but he definitely come across as a salesman. A lot of Market Profile Graphics and very few Market Profile concepts. Better stick with Dalton.