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Showing results 1 to 8 of 8
Search: Posts Made By: Slipknot511
Forum: Traders Hideout December 5th, 2010, 10:21 AM
Replies: 549
Views: 361,730
Posted By Slipknot511
Yes. Except, L's are counted in a down-trend and...

Yes. Except, L's are counted in a down-trend and H's are counted in an uptrend. Every line on the chart is a leg. I call them waves, others call them different things.

And the market is fractal...
Forum: Traders Hideout December 4th, 2010, 10:50 AM
Replies: 549
Views: 361,730
Posted By Slipknot511
The basic theory is from Elliott Wave. It's a...

The basic theory is from Elliott Wave. It's a refinement of Dow theory, which states that the market moves in waves.

The market moves in one of two ways: Impulse or retrace. Elliott Theory states...
Forum: Traders Hideout July 13th, 2010, 10:51 AM
Replies: 549
Views: 361,730
Posted By Slipknot511
I actually prefer the way he does it. I want to...

I actually prefer the way he does it. I want to learn to trade, not ride the coat-tails of someone else. What would happen when he decides to retire or quit the webinar service??? I'd be S.O.L.
...
Forum: Traders Hideout July 11th, 2010, 04:09 PM
Replies: 549
Views: 361,730
Posted By Slipknot511
Here's an excerpt from one of Al's articles: ...

Here's an excerpt from one of Al's articles:

"One important concept is that of a
High or Low 1 or 2. Here’s how it
works. The first time in an upswing
that there is a bar that has a low below...
Forum: Traders Hideout July 9th, 2010, 11:18 AM
Replies: 549
Views: 361,730
Posted By Slipknot511
I miss those frequently. You really have to think...

I miss those frequently. You really have to think quick. You get so focused on managing the open trade that you don't have time to analyze for stop-and-reverse potential.
I missed two great scalps...
Forum: Traders Hideout June 22nd, 2010, 09:53 AM
Replies: 549
Views: 361,730
Posted By Slipknot511
I want to address Jack's question's. First off,...

I want to address Jack's question's. First off, let me say I have been following Al's method very closely for well over a year. I bought his book on the day it was released and have been a member of...
Forum: Traders Hideout June 15th, 2010, 10:02 PM
Replies: 549
Views: 361,730
Posted By Slipknot511
Beautiful day today for Brooks price action...

Beautiful day today for Brooks price action traders. Two-legged pullbacks to the EMA all day long. Just buy the H2's. (see chapter 15 - "Best Trades: Pullbacks in a Strong Trend").
Large gap +...
Forum: Traders Hideout June 13th, 2010, 01:33 PM
Replies: 549
Views: 361,730
Posted By Slipknot511
It depends on what you use as a basis for...

It depends on what you use as a basis for comparison. If you want to use % of daily range as the basis, then about 20 pips... if just plain 'ol $$$, then 10 pips = $100. Or you could use margin...
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