Comments on: Spotting Setups vs. Trading Them

By: Declan Fallon

Declan Fallon — Wed, 25 Jul 2007 09:21:51 +0000

There is always next time….

DJF

By: Will

Will — Wed, 25 Jul 2007 03:14:20 +0000

Brett - Thanks. Having taken profits looks pretty sharp at this point.. that recent 558 high may hold for some time. As for FWLT, I’d be hesitant to trade that one as a Wolfe Wave… the swings aren’t quite symmetrical enough (I like three nice clear higher highs about the same distance apart). But again, I’m no expert on them, and am just trying to watch for really pristine setups.

Ned - Yep, you know I always keep one eye on that sucka for a short setup. Thanks for the heads-up!

By: Ned

Ned — Tue, 24 Jul 2007 21:43:22 +0000

The Apple has started to fall off the tree.
cheers.
FXI looks ripe too.

By: Brett

Brett — Mon, 23 Jul 2007 13:48:50 +0000

I liked the call from when I first read it. GOOG moved up way too fast, I took profits a little early, but I didn’t want to stick around too long. I don’t know the Wolf Wave rules, but one might be forming on FWLT, what do you think? That stock has gone up way too fast as well. Keep up the good work.

By: doc40

doc40 — Sun, 22 Jul 2007 04:54:43 +0000

Right on Will…. I forgot to tell my wife about your Jul 12 post and she bought some GOOG just before the earnings news.

By: Will

Will — Sat, 21 Jul 2007 15:37:30 +0000

Joshm- Yep, cried wolfe then looked away. Gosh darn me to heck, as I would say in front of my daughters. I’m very impressed with the way these setups often play out, and I consider it a bonus that there’s no easy way to code a scanner for them (although I’m working on it… you there, doc?) — these hail back to the old days when trained eyes counted more than trained computers. Thanks for the visit! Hopefully we’ll catch some more good ones like this on daily charts and actually get to put a trade on with them.

By: Joshm

Joshm — Sat, 21 Jul 2007 03:17:32 +0000

So you might say you are the trader that cried wolfe? Just kidding, as I always your posts and information are much appreciated and respected. Thx for the time you put into your work.