Trading

So.... It's probably not very clear how I trade..... I trade using Elliot Wave theory.... And it's Chart-Astrology..... ART.... MOJO.... Whatever....

This is a chart of the past 20 days 1 minute...... What I'm looking for are the points where we run out of Buyers... Or Sellers....... These are the Maximum Pivot Points in multi day swings. In this chart I point at them in Black arrows.... Now.... I would play both sides... Long and short.. if I figured it was playable... The last one I "Felt" was not going to be playable... It was, but barley... but I'd rather miss that opportunity than Mess up majorly......

Bear markets work in reverse of a Bull market... In a bull it's a bitch to get in on the short side, because the moves are too fast........ Now here in the Bear.. The bull moves are Too Fast..

Elliot waves In the middle of these moves you have ONE HUGE FAST MOVE..... When the Bears are absolutely taking it to the Bulls... These are marked in Red..... One of these days, I'm going to have enough money to just play the Red 3rd wave days.... Those 200+ days to the downside... Like today probably....

How do you know about the turn.... Well when we have momentum..... and go through a 3rd wave day..... I look for the move to slow... I look for a series of slightly lower lows... with some fairly violent moves in the opposite direction... This is when I start looking to get out. Marked in dark blue. .... for the most part... All I know about are the wave 3's.... the big moves..... and it's after those that I look for that turn.... I keep my eyes on the charts ... You can't trade perfectly.....

so.... What I do is place my money in lots of 3 or 5..... and Foolishly My first trade I try and top tick.... I get burned...... Then I try and look for the failed correction to the upside.... the first "Failed High" That is when I start loading up.... then as I see more and more success I empty my wallet and get fully into the trade.... After wave 3 I start to unload.... IE after today I expect to be taking some money off the table. ... But it will depend... Because sometimes a 3rd wave can extend itself.... and extend and extend.