Thank you Alexander, that's me who suggested LLY short from the very peak. The profits has already been taken and position closed, I just havent updated the comment yet, the reason why I put the TP so far away is because I saw participants winning books make around 20% profit so I thought to win this book I have to make also around 20, it was a pure gable to beat the most strong participants. Thank you for everything you are doing for us.
I would like to ask Dr. Elder, when trading a bullish divergence of prices and MACD-H on a daily chart, that might evolve as well into a bullish divergence on a weekly chart, do you always wait for impulse system to become blue on the weekly chart, or do you open the long position as soon as MACD-H ticks upwards on a daily close?
I've read his books and can tell you that everything is filtered from the higher time frame. In this case the triple screen filter would at least need to be blue on the weekly to consider any trade on the daily no matter what.
Thanks to Dr. Elder for answering my question. Today I have three questions: -Your chart on the cap. weighted NH+NL index shows that the New Highs are formed using the CSV file for the 52-Week Highs (CAPNH.CSV), but the New Lows are formed using the 1-Month Lows (1MLOW_CAP.CSV), why aren't the 52-Week Low data used for the Lows? -What advice would you give your younger self today in the area of trading? -Which author had the biggest influence on your trading or which perhaps relatively unknown/older book should one have read as a trader?
For the contest: Long JPM october 4th just before a kangaroo tail daily close (that looks that might evolve into a false breakdown + bullish divergence of MACD-H and MACD lines). Next Day is Dividend Day... Entry @ 143.28 SL @ 141.88 TP @ 146.38 (slow Daily EMA)
Thank you Alexander, that's me who suggested LLY short from the very peak. The profits has already been taken and position closed, I just havent updated the comment yet, the reason why I put the TP so far away is because I saw participants winning books make around 20% profit so I thought to win this book I have to make also around 20, it was a pure gable to beat the most strong participants. Thank you for everything you are doing for us.
I would like to ask Dr. Elder, when trading a bullish divergence of prices and MACD-H on a daily chart, that might evolve as well into a bullish divergence on a weekly chart, do you always wait for impulse system to become blue on the weekly chart, or do you open the long position as soon as MACD-H ticks upwards on a daily close?
I've read his books and can tell you that everything is filtered from the higher time frame. In this case the triple screen filter would at least need to be blue on the weekly to consider any trade on the daily no matter what.
Thanks to Dr. Elder for answering my question. Today I have three questions:
-Your chart on the cap. weighted NH+NL index shows that the New Highs are formed using the CSV file for the 52-Week Highs (CAPNH.CSV), but the New Lows are formed using the 1-Month Lows (1MLOW_CAP.CSV), why aren't the 52-Week Low data used for the Lows?
-What advice would you give your younger self today in the area of trading?
-Which author had the biggest influence on your trading or which perhaps relatively unknown/older book should one have read as a trader?
thank you... an amazing webinar, as usual!
Question to Dr. Elder: What is your most profitable instrument of all time?
For the contest:
Long JPM october 4th just before a kangaroo tail daily close (that looks that might evolve into a false breakdown + bullish divergence of MACD-H and MACD lines). Next Day is Dividend Day...
Entry @ 143.28
SL @ 141.88
TP @ 146.38 (slow Daily EMA)
Kur var nopirkt šo grāmatu?
❤