I am glad you allow me to think out loud without taking it wrong Jack. like I said, I've watched you make a lot of money, but hey, we can all get better and it often jsut takes someone else, not necessarily someone smarter at all, to notice stuff we don't.
Another thing about Elliott in the smaller timeframes that helps me, is that it can give me some idea of when we are headed into jello. For example, whether I am wrong or not, I think we are in a 4 here (if we roll hard, then hey, I'm wrong). I don't trade 4's -- well, I try not too. They are made to drive traders mad. They are an engine fueled by whipsaws.
One could make the wider case that one should stay away from corrections altogher. I am convinced that buying/selling only '3'/'C' setup, but doing so agressively, is a great way to make a living as a trader. Stops can be tight and it should run quickly in your favour if you're right.
Anyway, I talk the talk fine and I trade it halfways fine. Always room to get better for damn sure. I'm sorta riffin' here 'cause it's been a good day and I don't have an excellent history of making money on Friday afternoons. -g/-ng |
