<HELP> for explanation

Блог им. wannatradelikePTJ

DJIA long-term chart

I don't look at long-term charts quite often, as I trade much shorter time-frames. But sometimes it really worths to take a look at, in order to get the proper perspective. And the long-term chart of DJIA is really something astonishing right here, right now. Again, I'm not a fun of making long-term forecasts&calls, at least my trading approach is not based on such things. But the technical picture is just staggering! It's like being staring into a bottomless abyss standing right on its egde:)
DJIA long-term chart

DJIA long-term chart
 

Wanna trade like Paul Tudor Jones?
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Zhelezo

Zhelezo, exactly!))) His approach (albeit it has not been disclosed in details) is really the way to go.
Сам написал?
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VP

Honestly, have found his name in internet ). His approach is catching highs&lows by elliot waves, aint it?
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Zhelezo

Zhelezo, not really. Catching h&l with elliott-waves will almost certainly bankrupt you.
wannatradelikePTJ, so why uve marked the waves in ur chart???
Because EW is a good tool to understand the price-structure.
ok, get it. could i ask u to mark ur entries and tp's? )
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Zhelezo

I don't trade DJIA at all, man
DAX?
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Zhelezo

Zhelezo, just scroll down the previous posts) Yes, Dax, Stoxx-50 and some other markets
ok, thx. I like ur posts. Good luck ;)
Zhelezo, you r welcome! Good luck trading)

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