ES 11-04-09 RECAP

WELL TODAY WENT PRETTY MUCH AS EXPECTED! HOPE MY BUDDY VO SOLD THAT 1056.50 AS WE DISCUSSED! IF SO HE MADE A KILLING! NOW, WHATS IN STORE NEXT?.. IM EXPECTING A 3 WAVE ADVANCE HERE WITH THE FIRST WAVE UP ALREADY COMPLETED. NOW DOWN FOR THE 2ND WAVE. NOT ENOUGH TIME YET TO STUDY CHARTS ,BUT NORMAL WOULD BE 1034 OR EVEN 1031 AREAS. THEN UP STRONG EARLY NEXT WEEK TO COMPLETE THE PATTERN. REMEMBER , NOV 9 IS A BRADLEY TURNING POINT DATE. THERE NOT ALWAYS EXACT , BUT USUALLY VERY CLOSE! ALSO REMEMBER THE WEEKEND UPDATE A WEEKEND OR TWO AGO? I SHOWED WHERE LONG TERM CYCLES HAD AN IMPORTANT PEAK EITHER NEXT WEEK OR THANKSGIVING WEEK! LOOKS LIKE WERE O/N TRACK!

YOU CAN LAUGH ALL YOU WANT , AND I ADMIT I DONT TRADE BASED SOLELY O/N THIS , BUT IVE MENTIONED THE MOONS SEVERAL TIMES. FOR THOSE WHO THINK THIS IS ALL HOCUS POCUS ,CHECK OUT THIS CHART. SOLID CIRCLES ARE THE FULL MOON AND EMPTY ARE NEW MOONS! YOU BE THE JUDGE IF THERE IS ANY CORRELATION!!!...LOL:

...COURTESY FRANCIS BUSSIERE

Hi Kool. I really enjoy following your posts and watching your methodology. I have been applying this to QM and have been having fairly good success. Was wondering if you could elaborate a little more on how exactly u are using the MACD histogram on the 13 min chart. I understand its the beginning of a trend but do u go to the 1 min chart and enter on a retrace once you see the histogram changing? Also just one other minor point. I see your point wrt support below 1000 looking at the first 3 projections on the 120 min chart but doesnt the last projection from 1058.50 eliminate the second last projection from 1049.50? Thanks and good luck trading!

HI EINSTEIN!...GLAD YOUR HAVING SOME SUCCESS!... FIRST THE PROJECTIONS . TECHNICALLY , YES THE 1058.50 PROJECTION WOULD NEGATE, OR AT LEAST BE MORE IMPORTANT THAN THE LOWER TOP 1049.50 PROJECTION.AND ACTUALLY THE 1069.75 ONE WOULD BE EVEN MORE IMPORTANT , BEING A HIGHER HIGH. OF COURSE THE OFFICIAL PROJ WOULD COME FROM THE HIGHEST HIGH(1099) UNTILL MET. THE REASON I HAVE BEEN LEAVING THE OTHER ,(TECHNICALLY NEGATED) PROJECTIONS UP FOR VIEWING( AND I MIGHT ADD ,FOR MY OWN USE!) IS BECAUSE OFTEN WHEN 2 OR MORE PEAKS GIVE THE SAME GENERAL AREA, YOU CAN HAVE MUCH MORE CONFIDENCE THAT ,A: THEY WILL LIKELY BE ACHIEVED, AND B:THEY ARE LIKELY TO PROVIDE SOME KIND OF BOUNCE ,OR REACTION WHEN ACHIEVED. YOU KNOW HOW IM ALWAYS SAYING...SHE WANTS THIS OR THAT NUMBER? UAUALLY THATS WHY. FOR INSTANCE, WEVE SEEN THAT 1063 AREA AND THAT 1073 AREA A COUPLE TIMES NOW FROM DIFFERENT LOWS ,SO I WILL LIKELY SCALP A SHORT AT EACH ONE!

NOW TO THE MACD I SHOW FROM THE 13 MIN CHART. ITS REALLY JUST A GOOD TREND INDICATOR. SAME AS THE CROSSING OF THE RED WHITE AND GREY (15 EMA , 54 EMA, AND 100 EMA AVGS O/N THE 5 MIN CHART). I DONT USE THE MACD AS TRADING SIGNALS CAUSE TOO OFTEN IT WILL GIVE A BUY AND OF COURSE THE MARKET GOES UP, FOR SAKE OF EXPLANATION ,LETS SAY 7 HANDLES. THEN WHEN THE MARKET REVERSES AND BEGINS TO DECLINE, THE TREND SELL SIGNAL ISNT INSTANT OF COURSE AND BY THE TIME IT APPEARS IT MIGHT BE A HANDLE OR SO BELOW WHERE THE BUY WAS GENERATED! THIS ,IN A NUTSHELL IS WHY NEWBIES CANT MAKE MONEY WITH INDICATORS! BUT I STILL USE THEM IN A DIFFERENT WAY,THAN JUST FOR A BUY OR SELL SIGNAL. FOR EXAMPLE : LETS SAY I HAVE A PROJECTION AT 1000, AND A HIGHER ONE ALSO AT 1010. I SHORT 1000, BUT WILL I GET KILLED AS IT SOON SHOOTS UP TO 1010? NOW LETS SAY THE MACD SIGNALS A SELL (TREND ). AROUND THE TIME I SHORT AT 1000. WELL, NOW IM PRETTY CONFIDENT THAT WE WILL GET A GOOD DECLINE FIRST BEFORE ANY REBOUND BACK UP TO 1010 OCCURS! INTERESTNGLY ENOUGH , THAT HAPPENED YESTERDAY FOR ME! EARLY IN THE DAY I HAD PROJECTIONS AT 1056.50 AND THAT 1063 AND CHANGE AREA. AS WE ROSE FINALLY GETTING TO 1057.50 I THINK ...SHOULD I SELL NOW ,OR WILL IT CONTINUE RIGHT UP TO 1063? THE MARKET PULLED BACK A HANDLE TO ABOUT 1056 AND CHANGE AND SUDDENLY THE 13 MIN GAVE A SELL(TREND) SIGNAL! IN A NUTSHELL, THAT TOLD ME THERE IS A GOOD ODDS THAT WE DECLINE AT LEAST SEVERAL HANDLES FIRST BEFORE ANY SURPRISE REBOUND TO 1063! SO I SOLD 1056.00! AND MINUTES LATER IT CONTINUED DOWN! I WIMPED OUT EARLY AT ABOUT A 2 HANDLE PROFIT CAUSE I HAD TO SLEEP, BUT IF YOU GO BACK AND LOOK, YOULL SEE THAT IT WENT ALLTHE WAY TO 1051 AND CHANGE! ANY WAY THATS HOW I USE THE INDICATOR.