Tuesday, June 26, 2012


Shorter version:

It's possible today formed the high, but I think it's more likely that tomorrow will be the high.

Moving my short entry stop to just below today's candle.  If price moves down, it will pick up my stop and carry me into the July 4 low.

Longer version:
The chart that is central to my current outlook is this one.





Each line is either bullish (green) or bearish (red) on that particular day and has ~75% probability the close will either be higher or lower as the line predicts that day or the next day (I compiled that stat from over 350 samples I made).  Keep in mind that 1 in 4 will be dead wrong.

Usually when I look at this chart, I look at the cluster of 4 days and see if I can get a general bullish or bearish sense of what will happen in that time span.I see that the next 4 days look bearish and most of July looks bullish.

Also you can see I still have my hand drawn prediction of what will happen from a while back.  In my hand drawn, I had a 5 wave down and then 2 guesses as to what the July lines might mean.

As this current wave unfolded, I was presented with dilemmas:
1) w1 took 4 days to unfold, so it became too crunched for time to fit 5 waves in
2) what ew count would the crazy lines to the right be?  A gargantuan oversize w4?  That didn't make sense

...in swoops Tactical Strategist with this chart.





Perfect!  Three waves down for an X count and a big Y up!  That matches my time chart.

I can NOT say if the levels he shows in the chart is correct nor the angle of the waves.  I can only endorse the form.   And the way I trade, I don't really care too much about the levels. I only care about what day do I enter and what day do I exit.  Levels are just mildly interesting.   Elliott wave helps me to time my exit and gives me a general road map through time.   That is, calendar first, then EW, then levels or anything else last (if at all).

So if you buy Tactical Strategist's ew count like I do, let's talk about the next couple of days.

The high was on the 19th.  Then 4 days to the next low.  If we count days in the legs to the July 4 low, will it be:
4:1:5
or will it be
4:2:4    ?

I personally like the 4:2:4.  When you look at the one day, it looks a little thin, but it's still possible.


It doesn't really matter which for my strategy which is to place an entry stop below today's candle.  If tomorrow makes a higher candle with a higher low, I'll put my entry stop under that.

Obviously if some crazy whipsaw event occurs, I'll eject out of the trade.

Also the vehicles I use for all my trading is UPRO and SPXU.  It keeps it simple between my primary trading account and my IRA.  I only trade the S&P and I devote all my time to studying it relative to calendar systems.  I don't have time to fool around with options and greeks and crap.  Easy in, easy out.

Also, I'll go all in and bury my entire account in the trade.  I don't bother with scaling in and out or anything.  I'd like to think I've reached a zen state where I don't really care about this money. Might as well just slam it all in there.  If we're gonna get rich, let's make it happen.

Let's look at some astro charts.


This one shows heliocentric (sun centered) Venus lines going through Geocentric (earth centered) Mars.  Intersections seem to happen at turning or consolidation points.  I stumbled upon this by accident.  Why does it work?  Damned if I know.  But I use EW and don't know why that works either.

It's not clear whether turn will happen today or tomorrow, but as I mentioned, it doesn't really matter for my setup.

This next one shows planet aspect.


Tomorrow shows the sun crossing the 24 line on the Gann wheel.  Ignore the candle shape, it's just a copy of the one on 6/1.   My interpretation is energy and possible turns yesterday, today, and tomorrow. The next one (6/28) is a zero degree angle between the moon and Uranus, which historically doesn't seem to do much of anything as far as I can tell (limited sampling).

Lindsay charts have no data to interpret in that that area.

That's what I have.  Good luck everyone!


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