JDubTickTrader

02:26

JDubTickTrader

Long term weekly channel since 2009 has us wicking below the center line into that 2970-2948 area. We spent 13 plus weeks in this area trading and acted as resistance for many weeks and support in others. Before I go long out of this drop it's going to be on that channel line. IF and that's a big IF no more bad news on Corona spreading and such.

03:17

JDubTickTrader

Was on the phone earlier with a good friend while this 60 min first red candle down wicked into the gap and came down. I'm like Mark this is going down. 200 plus ticks later I was right...again! If you aren't using channels you are missing out on easy moves. Best part is the drawing tool is free on most platforms. You have to frame your trades before you add your...

03:13

JDubTickTrader

Live video of the ES/ S&P 500 wave 5start back up. Buyers kicking in this morning. Watch the power of these daily and weekly gaps as we touch them to the tick and pull back and then force through them. W5T Elliot Wave on a daily chart helps you see where we are and can possibly go.

02:00

JDubTickTrader

Third update today - Look where we are right now? The exact to the tick weekly gap I said we would hit next. GAPS work people! Our Roller Coaster indicator picked up a nice 220 tick move on the @es_f today as well and our Elliot Wave indicators picked up a massive 5th wave move. What are you using to find moves like this??

03:19

JDubTickTrader Updated 

Follow up from yesterdays @es_f Elliot Wave 4 pullback and completed 5th wave to the tick! Both BITS and Elliot Wave Indicators called this move today. 75-100 plus ticks. Roller Coaster likes to have a more stable environment and didn't have much on it today. Gaps play a MAJOR part in where the market goes guys and gals.

03:05

JDubTickTrader

UPDATE from last nights post. Look how we blew through the weekly gap, a couple daily gaps, and bounced off the daily center channel line. If you read the Price Action Breakdown book by Laurentiu Damir we wicked just below the daily center channel, filled a daily gap, and rocketed back up 80 plus ticks. The W5T Roller Coaster indicator called this move days ago...

06:28

JDubTickTrader

Nice gap down on the Sunday open creating a deeper W5T Elliot wave 4 pullback on a daily chart. Almost a wave 5 down on a 5 minute chart. A lot of people don't realize you can have multiple wave patterns going opposite directions at the same time. With the right charting and wave count isolated you can see them in action. The wave 5 down on the 5 minute is...

10:09

JDubTickTrader

Check out todays ES move using the W5T Elliot Wave, BITS, & Roller Coaster indicators together. We were still showing on the Roller Coaster a down movement from yesterday, barely stopped it out before it took off down again today. I use daily & weekly gaps with channels that worked to the tick today. Pulled 54 ticks out on the down move & 9 ticks on the...