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RickM

2,131 Posts.

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10/02/19

19:44

Post #: 37391641
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Originally posted by fxghost: ↑

Hey Rick,

I agree with your comments about terrible trends and good trends. I too stay out of 'trends' that have such a strong push in one direction or the other, instead I look for a reversal trade in those situations as moves like that do tend to collapse quite frequently.

I like what I refer to as "clean trends" - as you have illustrated in your chart. I don't, however, enter multiple times like you, I normally try to enter on the 2nd leg of Elliot and ride the 3rd leg. I then wait to see if we get range-bound action after the 5th leg.

Also, are we still thinking a third forum for weekend research/set ups?

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Hi Dave

I like your description " clean trends " but personally never took to Elliot waves only because I just like to trade a wave I see.
My little brain could never get those wave right.

On the Third Forum, its something more interesting
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