Recent content by Q-Rick

Sive, as usual I express my many thanks for you very generously sharing your incite and research. I closed my short positions early last week as discussed and I'm certainly glad I did. Now, I'm looking to short again. As you know, we do have a (tight) lightning bolt, AB CD on the 1H that...

Yes Triantus, I am long time Elliot Wave(r) and the EUR is indeed in a bear market. It, as well as the Dollar Index which I primarily follow, (albeit converse to the EUR) are in what we believe is a 3rd wave of a major 3rd wave which has often been described as a move in the market that is a...

Yes Sive, I'm aware about where H&S & INVERSE H&S patterns, "rightfully" appear as reversal patterns. That's why I say "PERCEIVED" INVERSE H&S, because many traders, don't know this fact of where they appear, only that they are reversal patterns. So, ..... with a PERCEPTION of an INVERSE H&S...

Sive, thanks again for sharing all your research and expertise. You're a very generous man. Would you please comment your thoughts on the "PERCEIVED" INVERSE H&S pattern on the monthly chart as market forms RIGHT shoulder & while doing so: #1: Intersects with uptrend line support from 2000/2010...

I'm short right now from 1.2785. Looking to ride the ButterFly down to the 1.2590 area that corresponds with two different trendline supports. Stop set @1.2789 Good Risk/Reward if you want to join me.

Sive, .. Regarding the referenced StopGrabber, I do not understand the rationale of this being a reliable SG as compared to the obvious SG that exist when the trading action is taking out a significant "swing high or swing low", that is observable for ALL TRADERS to see. The reason I don't...

Agree regarding the lack of harmonics on the 15m, so I wouldn't trade on it alone, but we have a number of positive aspects that support an intraday BUY in this area.

So we have Gartley 222 on 4H, BF on 15m, stop grabber and pivot. We should be good here for a BUY (IMHO).

One more thing to watch here (imho). I always expect "stop grabber" to be more than just a couple of pips so I expect that market COULD trade a little lower after a slight pop. In this case I see a BF BUY on the 15m around 1.3250.

As always, it could fail so always apply good risk management. - :cool:

Gartley 222 will often lead to new high (sometimes explosively) however, more often & probable is .618

Also price point has now traded down to result in "stop grabber" from Nov 30, 2011 low.

Here you go - Gartley 222 BUY @ 1.3270 ish :rolleyes:

Consider the 4H Gartley 222 (BUY) 1.3270 area @ pivot

Sive, would you agree we have a B&B SELL on the S&P (Daily) in this area (1195ish)?