Replies to post #10929 on Market Sense and Sentiment (MKTSS)

[bbgold]

Thanks for the link Pep
And Welcome to the board! I am not sure how familiar with Elliot Wave Bernard has become but it is still a mystery to me. I always get confused about which wave cycle we are on and where one cycle ends and the next begins. I would definitely appreciate any links or articles that might enlighten me a bit. Feel free to post on anything that you might feel would be of interest to the board. Bernard and others on the board trade a lot of individual stocks also and I am sure that they would be interested in finding out what you find interesting to trade. I hope that the board will be helpful with your trading.
Sincerely, Bob :^)

Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!

[Bernard Ng]

Welcome aboard pepdrug1, one thing I have never mentioned on this thread... for stocks trading, the 5 min HOD and LOD works better with parameters 21 on both ADX and DMIs. The one on BigCharts has parameters 14, which work better with indexes.

I don't know much about Elliott Wave theories... I do know some simple wave counts, that's about it. I figure it's too vague sometimes and kinda time consuming. I don't need this tool to figure out what might happen next. So it's just one tool I'm giving up on right now, as I don't think it's essential to me at the moment. I did open that PDF file, but I figure I could be more constructive if I would just check the chart patterns... I will try to post something about it later tonight.

I trade INTC all day, nailed the LOD today in the morning sell off, but took my profit way too early... what stocks do you trade? Please feel free to post your thoughts here, though we are focusing on the index trading issues here.

That Longwaves thread is kinda funny, where did you know about that thread?

signed,
Bernard