wcicom
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It is the most worthless overpriced book and website !!! He does not know correct Fibonacci Applications. Nothing but loud and catchy title.
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Hi logicgate, S&P e-minis expire on Thursday prior to third Friday of the contract month. Usually traders roll over, to the next contract, about eight days before expiration date, but like one post above said - looking at volume is ussually the best way to roll. As soon as March 2019 will expire - that same day June contract of 2020 will start trading. Stock Index futures do not have many foreward expirations since almost all volume is traded in the current contract. Good luck, Simon
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Glenn Neely – Neowave Taking ElliotWave
wcicom replied to Manideep Rana's topic in Forex Clips & Movies
For those not familiar with Glenn and Neowave. For many years Glenn Neely was teaching his Neowave approach to Elliott Wave, and for many years he was offering two different services based on it. One service was simply analytical representation of Neowave on various Markets, and another service was actually trading advisory based on Neowave approach. For years it seemed like his idea worked rather well, much better in analytical portion than a trade advisory, but overall trade record seemed to be profitable. I used his service a few times years ago for a short period of time, and did not find it beneficial to my trading. But, about five or six years ago I received an email from Glenn saying that he is opening a fund in which trading will be based on Neowave, and he expects to do very well, so not to join would be biggest mistake of my life :). Over the next 3 or 4 years Fund lost well over half of it’s assets in trading, and every time a hit would be taken by Glenn- he would send everyone an email explaining why it didn’t work, and that it’s a set of special circumstances which prevented his approach from being profitable. Just heads up that Neowave has taken lots of hits over the last 5-6 years. Sorry for the lengthy story - did as short as I could to tell the gist of it. Good luck, Simon -
Hi Elishar, I try to trade both swing and short term. I am not a major trend trader, I try to find one to three week moves, like Markets often exhibit after periods of consolidation....easier said than done :). Most of my time is spent looking for swing trades which meet my developed over the years criteria. I usually will not get involved in short term or day trading unless I found a few swing trades which I am in, that's why I don't get a chance to day-trade most days. I do trade ES on occasion, I do prefer the other three ( YM, NQ, and RTY ). Even though all of these are stock index futures of course, and on balance will go in the same direction, on real short term basis - often one of these will show us something before the others will, and it can add up to a "real" difference on the bottom line. The rule of thumb is that Markets which least used in arbitrage, kind of purer ones, are easier to trade, especially for beginning traders than heavily arbitraged ones. My personal opinion is that this should not be the most important criteria when one selects Market(s) to trade, but with all else being equal - it does make a difference. In swing or long term trading, Market selection is not very important, just like Jane said - over time all Markets will behave similarly, and most of them will respect Fibonacci ratios with sometimes mind blowing accuracy. But in short term or day trading - Market selection is incredibly important on individual basis. There is a lot to be said about how Market rhythm, sort of heart beat, swing size and time - match or mismatch our individual internal rhythms' Best, Simon
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Hi Jane, Thanks for the post. Actually I had a little different experience over the years by watching other traders. I know quite a few traders who had problems with some Markets including E-mini, but have done very well trading other Markets. You know what they say - don't trade the Market you like.....trade one that likes you :). Of course liquidity is always a big consideration when one chooses Market to trade, but since most retailers trade one to three lots - any Futures market will be plenty liquid. Simon
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Hi All, I have been a member here for about eight years now, for the most part it has been a good experience, except a bad apple here and there of course. I have been involved with Markets for more years than I care to remember :), and a better half of that time I was/am actually trading. For many years now I am puzzled by trader's unexplained strong desire to trade E-minis above all other Markets, and that seems to be the case for all traders.... novice and experienced . It seems like some traders are not satisfied by simply making money, they want to conquer E-minis before they feel that they have mastered the art of trading. Most of us here know that E-mini is one of the, if not the, most difficult Market to trade, it has been proven statistically many times over the years, yet that seems to not matter very much to most who want to trade that Behemoth. I would love to see traders write what they think about trading E-minis, whether they trade it or not. If they do - would be great to hear why and whether they find it more difficult than other Markets, if not.....why not ? What in their experience made them switch to something else. I will be writing about my own experience with E-minis over the years, as the thread gets going. I think as time goes by, and hopefully lots of folks decide to share their opinion - this would be a great learning experience for most. Thanks in advance for your participation, Best to all !!!
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E-signal 12.0 with Advanced Get studies enabled. https://www.sendspace.com/file/163a87 Enjoy !
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Hi trellis, Were you ever able to become "active member" at EWEF to download all those expensive files ? And my guess is you never will. I used to visit that forum more than 10 years ago, and quickly understood that it is near impossible to achieve that status there. And if you can do everything that is required to become a member - you don't need them anymore, meaning that by that time you can educate most software yourself :)
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Hi trellis, Were you ever able to become "active member" at EWEF to download all those expensive files ?
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Nice plug try for Ctoption broker guys....:) Binaries are traded against Exchange, so once winning in a Casino becomes a common event....so will be making money in binaries.
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Hi ryantc, That's why I brought up Connie's work. With any tool - knowing how to use it correctly is more important than which tool we use. Fibonacci is not as simple as it seems at first. Just pulling retracements from high to low will give you spotty results at best. Like Gann used to say - "if we start right we will finish right", but starting points are not as obvious as they often seem. Connie gives a bit of heads up on that, and the rest we can expand on ourselves. Good luck,
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Hi Cash, thanks for sharing the link. I am familiar with Tod's work...his knowledge of Fibs is pretty limited, or maybe he simply stays with very "safe" application of Fibonacci. In all honesty - there isn't a single book or webinar that will show "correct" and powerful use of Fib levels. I don't know if not many really have that knowledge, or nobody is willing to share, but Constance Brown books are as close as it gets to exposing the "real" strength of Fibonacci. Those should be easy to find online if anyone is interested.
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Please share course, software or both. http://www.precisiontradingsystem.com/