Thank you Tom4Jean! Just to add some more info. I looked at Elliott Trader link and it does a good job of explaining strategy, but there is a lot more that was not mentioned. Also, as informative as Ira Epstein's daily end of day financial videos are, his early morning subscriber videos (different from "morning flash") are packed with concise information, and his trading methodology includes much more than what he talks about in his videos as well.
I recently took his charting course and learned quite a bit. Aside from what was mentioned in that ET link, Mr. Epstein many other tools including 3 period MAs set at either high of day, or low of day depending on whether above or below the 18 MA. He also teaches how he uses those plus the 45MA, 100MA and Window Envelops and Bollinger bands. At times they are used for profit taking. The charting course does provide strategy/rules on when to enter a buy and some profit taking rules. But his settings for the Window Envelops are proprietary and are changed fairly often based on what is happening in the market. He posts them as "chart numbers" on his website available through subscription along with specific trading recommendations (specific entry/exit) that he provides to his subscribers each day for numerous ETFs and commodities, currencies, etc.
He also uses "Swing Lines" to define trends and as part of his trading strategy. These "Swing Lines" are something he developed rules for drawing, that are similar to identifying trends (via higher high, higher low, etc). You will not find them on any charting software like Stock Charts. He offers a subscription to Ira-Linn charts which will draw those swing lines as part of the indicators available on their charting software. In the charting course, he teaches the rules for drawing the lines, but while you can learn to draw them the charting software would be so much easier. I do think his course is worth taking.
He presently offers free morning flash videos that are very helpful. He talks about economic news, FOMC, information about the US market and international markets. The information is very good to know but important to note that this is just a tidbit of what he offers in his subscribers morning videos that come out before the market opens. As part of that charting course, he provides 30 days of free access to the trading recommendations, subscribers morning videos with extended commentary, and access to use their charting software.
Based on listening to some of his latest videos, it seems he is looking for more business and may stop the free videos all together. I hope not!
Best Wishes to you and Everyone* !!!!!!
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