emehoke

emehoke

This one both confuses me a lot and doesn't surprise me. I can see how if money had little or no meaning then maybe I would think why not just go for an afternoon launch because f*** it? On the other hand, how could one possibly rationalize spending money on this? Are you considering spending money on becoming a space tourist? For half the price I can give you...

emehoke

I think copper will continue to rise. Copper is a useful metal for lots of electronic devices. Point of control might act as a magnet to draw price higher. In march through april copper was at a decision point, and markets decided it was in high demand. I would be surprised if price went back lower through that heavily traded range. If I was ordering copper for...

emehoke

Nasdaq has been continuing to make new highs. At this point there is no resistance above except what was made only a few hours ago, so effectively nothing to be concerned with. Volume Profile shows that we are 150 points above the point of control. If there is uncertainty look for this to be an area price comes down to.

emehoke

The ultimate goal of using Elliot waves is to label each wave with the knowledge that after a wave labeled L5, for example, we think that some type of directional movement is higher probability than picking randomly. In order to label a wave appropriately you have to do quite a bit of footwork. With the chart labeled as I have labeled it, and using the...

emehoke

I don't know how or why bitcoin is still being sold against, but it is. It's right at an area of previous strong support, but the current trajectory it's on might as well be straight down. I feel like a broken record at this point saying that bitcoin will recover soon, but the wicked only rest when they do. If I was an evil-doer I would plant seeds of discord...

emehoke

I was able to find an m1 wave, label past and forward waves, and measure their retracements. I couldn't remember which rule and condition that these waves would yield, therefore, I shouldn't be drawing any logical conclusions. Because I can't resist guessing how many beans are in a jar, I will say that the logical extension would be that another impulse wave...

emehoke

After sticking to the rule of proportioning (using 45 degree angle on m1), and rule of observations (labeling past waves m0, m-1, and future waves m2, m3 properly relative to m1), now we want to measure the retracements of these waves. The author of this book suggests people should use rulers and protractors and all that other caveman stuff. Sometimes technology...

emehoke

Before trying to guess how far a wave is going to retrace we want to understand how to label a wave properly. End goal: different waves will have different expected retracement values. Start: The labeling of waves centralizes around getting an m1 wave, and stretching out your chart so that the m1 wave is positioned at a 45 degree angle. The other parts of the...

emehoke

When you are just learning something I think it is best not to perform it on a live chart right away. You will most likely still be grasping concepts and run a high risk of failure and frustration. That being said, here are some basic applications of using Elliot wave measurements on something that's happening now. The 4 hour time frame is wide enough where you...

emehoke

The big takeaway for me was that this is a very complex and all encompassing way of chopping up market patterns. There are a lot of people who don't think it's a good way of doing it, and there are a lot of people who really put a lot of time into it and mastered it, and in doing so, made it work for them. It's not an easy discipline to learn, and it can take...

emehoke

Looking to involve Elliot waves a little more in my analysis. I like how Elliot waves attempt to incorporate psychology into trading. I'm not sure how many people are having deep reflections while chasing the market, but maybe Elliot wave theory holds more water than I think it does. Open for pleasant surprises and managing expectations.

emehoke

nq premarket

emehoke

I think the attitude will turn very bullish sooner than later. The higher low may but I think this is a good one to hold on to for several months, and it could be at a launch pad right now.

emehoke

This is like when you are trying to remember something and someone says "just try harder." There is well documented evidence that "trying harder" has nothing to do with the successful retrieval of memory, and succeeds reliably only in producing confabulations. We all know plenty of loveable people, however, that think even though it didn't work for them, maybe...

emehoke

I feel like falling asleep instead of trading. That means that I'm about to miss a good trade. Narcolepsy indicator flashing the sell signal.

emehoke

All markets took a hit yesterday after fed announced something bearish. Let's see which markets will continue lower.

emehoke

just an idea.

emehoke

I think something is wrong with my body where I get a narcolepsy immediately before I'm about to take a good trade. Has anyone ever seen that movie "Rat Race" where the narcoleptic is about to win the money, but as he's turning the key in the storage locker he falls asleep? That is the story of my life right now. Constantly falling asleep as I'm turning the...