RTS is weak RTSI has lately been defying my outlooks. However now with oil topping and general weakness in global markets it reversed contained by 200 MA on D forming a bearish engulfing. Perhaps it is not the right time to take shorts off. Shortby FomenkaPublished 4
RTS updateThe Russian market peaked. It looks like there will be no further advance just insignificant correction today and then down sharply. Shortby FomenkaPublished 6
RTS is open to interpretationsWould be prudent to keep small shorts while looking to enter more when either the red or green scenario is confirmed. by FomenkaPublished 7
RTSI UpdateThe corrective bounce is likely to continue for some time on the back of oil and SP500 going up. by FomenkaPublished 6
Stop hunterthis is what I was talking about in the previous post. It has been several months I am testing trading without stops (or at least place them far away to protect from very low probability events only). This time it paid off. The trick with Elliottwave trading is that you often right about the big picture but have to continuously refine the count as the lower-level details reveal themselves. Trading with stops makes you get kicked out again and again which adds to the stress of being wrong with a count and adds up to emotional and financial suffering. This, in turn, makes you increase the stakes because you feel that you nailed the near term count and with a tight stop loss you can earn a fortune quick. This rarely ends well (though sometimes I managed to pull this trick). Shortby FomenkaPublished 118
RTSI updateThe index is tracing out unusual wave combinations. It even makes me doubt whether it is for real or I just see what I want to see.Shortby FomenkaPublished 6
Russian Market Update Despite the bounce what I see in the chart is horrifying. Shortby FomenkaPublished 115
RTS updatethe count looks complete. With oil being in the crest of wave 3 down and near term bear in US stocks Russian market has a high probability to sink into the abyss Shortby FomenkaPublished 9
18/05/2020 EOD fRTS updateEntry 112290 Reverse stop 109960 Last trade P/L -2650 Total P/L -5530 Longby koshcoinUpdated 5
13/05/2020 EOD fRTS shortEntry 109640 Reverse stop 113660 Total -2880 Last trade -2880Shortby koshcoinUpdated 4
fRTS_daily_updateOk. You wanna play raught?! Here I'm. Entry 112520 Reverse stop 109640Longby koshcoinUpdated 1
RI daily candle shortdouble top 1st target 98000 2nd target 90000 3st target zone 75000-85000 Shortby tradestivPublished 6
RI Daily candlethe price is within the range of the previous day awaiting further correction to the targets: min 138000 The most probable resistance level to a range of 140,000 -142,000 is the main resistance level, at this level you can look for a set up in the down trend. second resistance level 149,000 - 152,000 Longby tradestivUpdated 3