Hi Jim,
Thanks for opening this Forum to your students and giving us an opportunity to show our charts and share our ideas.
Here is a chart of todays ABCD's in the russell. I will post a context chart later. Today was one of those days where the market changes direction on Jim's unique Fib numbers, Had you been trading with standard fib numbers you may not have noticed these PTA's. Is it me or is .564 becomming more and more prevalent?
JI
jimkane
Rep: 3,058
Posts: 33,089
I used to use the word amazing in the commentary all the time, and I sounded just like all those knuckleheads that try to hype this or that system to sell. It was a dilemma because only those that already bought the materials could possibly see it, and then it would be preaching to the choir. And nothing I could ever say would really convince anyone of what I was seeing. The crazy part is I feel that literally a day doesn't go by, even at this advanced stage, where I don't make some small, subtle discovery that makes my jaw drop.
I don't mean this to sound egotistical at all, but I have things I simply have no one at the necessary level of the methodology that I could show them to that would understand what I am talking about. Such it is when you are blazing new trails. It's incredible to find these things, but sometimes frustrating not to be able to talk about them with anyone, to have anyone push back on me at that level. I do feel, though, that there is so much more for us all to learn as far as what this methodology can do. I feel like I'm just getting started sometimes. Sure, it may be a case of 'diminshing returns' now that all the key discoveries are done, but maybe not. Maybe a lot is left to find...
I don't mean this to sound egotistical at all, but I have things I simply have no one at the necessary level of the methodology that I could show them to that would understand what I am talking about. Such it is when you are blazing new trails. It's incredible to find these things, but sometimes frustrating not to be able to talk about them with anyone, to have anyone push back on me at that level. I do feel, though, that there is so much more for us all to learn as far as what this methodology can do. I feel like I'm just getting started sometimes. Sure, it may be a case of 'diminshing returns' now that all the key discoveries are done, but maybe not. Maybe a lot is left to find...
DU
Duane
Rep: 100
Posts: 1,095
Hey M, nice chart!! We have been on the same page alot lately! That is a testament to Jims teaching ability!!
MR
mreiserer
Rep: 110
Posts: 2,220
quote:
Originally posted by Duane
Hey M, nice chart!! We have been on the same page alot lately! That is a testament to Jims teaching ability!!
Yes, I agree. That's what makes it even more fun.
MR
mreiserer
Rep: 110
Posts: 2,220
quote:
Originally posted by Duane
Price kissed the upper \\ at todays high. Sweet!!
Duane, can you show a chart of your 60min set? Price went over mine a bit.
JI
jimkane
Rep: 3,058
Posts: 33,089
That's the ABCD. Now look at where the ABCD completed, and what it did. Go back to Duane's 34 tick chart and see how smooth the reversal really was, and how tradable.





