Member’s Video for Friday, February 16th, 2018

We’re beginning to move into the short side today after patiently waiting for the corrective structures to unfold. New positions at work in FB and CVX. Also, I’m doing a video tonight for questions, so If you have one drop it in the comments below!

Friday morning, 9:00 AM – Let’s take your questions!

Thursday night Feb 15th at 5:00 PM EST.


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Crypto Crash or Correction? Bitcoin And Ethereum Trading With Elliott Wave

6 Comments

  1. Nathan Labbe

    Olympics: You coulda taken them…

    Reply
  2. Shawn Purdy

    First, I got the text on FB at 1:19. Got the text on CVX at 3:37. Thought you would want to know timing…I’m in Philadelphia area (Super Bowl Champs!).

    For those looking to short stock indices S&P, DJIA, NDX and RUT (not using options), can you give us the levels where we are wrong to be short? Where to cover.

    Enjoying your work.
    Thank you

    Reply
  3. Christian Lepple

    Wave 2 or B? NDX has retraced almost 78.6% – Wave 2 retraces normally 50% – 61.8%. Is this already the killer criteria for Wave 2 and B is it? I looked at the NDX as it lead all the way up!

    Reply
    • Todd Gordon

      HI Christian,

      Answered your question in the member video! NDX is at the 78.6%, but remember that SPX and RUT are at 61.8% so still possibly a corrective rally.

      Todd.

      Reply
  4. Rick Trimble

    A trading question (not Fib or EW). You went short RTY (RUT futures) today with a stop loss of 1550. Do you close the trade when 1550 is touched, or do you wait for the price at closing?

    Reply
    • Todd Gordon

      Hey Rick – No, i just put a stop at $1550, which was triggered 2 unfortunately! It ran just 2 more points and then collapsed. So close.

      Reply

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