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    DU
    Duane
    Rep: 100
    Posts: 1,095
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    Thanks rat. Great trading week to everyone!


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    RA
    rat89
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    AL
    albert
    Rep: 99
    Posts: 3,094
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    Paper trading this one. The WPM 1234 wfi trade yesterday had good followthru with another 1234 wfi, with the previous Point 4 acting as a new Point 1. Maybe 1234... is an algo. Please note the Gold Cross on the 5 min chart. :--) WPM is at 0.500 fibo.
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    Originally posted by albert

    Paper trading on this one. Bought some WPM weekly calls based on the 1234 wfi setup at a STO OS Doji. The gap up after a Doji with STO OS is what Steve Bigelow, a candlestick guy, calls your "Best Friend." I made the mistake of placing a market order and paid too much to get into the trade. :--(



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    AL
    albert
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    Here is a better chart of daily WPM based on the double bottom ML set.

    Al :--)



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    RA
    rat89
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    RA
    rat89
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    AL
    albert
    Rep: 99
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    Awesome work guys.

    Al
    AL
    albert
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    Just looking at CMG.

    Al :--)


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    RA
    rat89
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    al, I'm not following this, but 3 can't be the shortest wave unless it's an ending diagonal or a leading diagonal....
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    AL
    albert
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    rat,

    Thanks for the comment. I mean no disrespect, but my numbers - blues and reds - are not intended to represent Elliot Wave counts or structure. For example, the 1234... pattern Point 2 merely points out where the 8ema crosses over the 20 ema. My little 1234 wait-for-it pattern is no way as rigorous as the Elliot Wave counts. I just noticed the pattern and thought it was post it. It looks to be leading or nearly coincidental with a +DI crossover with a -DI line, for a BUY, or a -DI crossover over with a +DI for a SELL. Does this help ?

    Al
    Originally posted by rat89

    al, I'm not following this, but 3 can't be the shortest wave unless it's an ending diagonal or a leading diagonal....
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    AL
    albert
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    Oops.

    thought it was post should read "thought I would post it."

    Al
    RA
    rat89
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