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Duane
Rep: 100
Posts: 1,095
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?

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TO
TonyC
Rep: 99
Posts: 471
Fri. clear entry zone ...gave me some sweat by going sideways for a while before it rocketed up ...sweet.

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MR
mreiserer
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Posts: 2,220




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JI
jimkane
Rep: 3,058
Posts: 33,089
Now you can see the last critical area I am watching before this 'blows out to new all-time highs'. Notice, though, the unfilled gap right above this area.
MR
mreiserer
Rep: 110
Posts: 2,220
If prices reaches the ext 1.618 retracement of Wave 3-4 the gap would be filled. Hmmm...
JI
jimkane
Rep: 3,058
Posts: 33,089
So you see, I think areas, not exact spots.
MR
mreiserer
Rep: 110
Posts: 2,220


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MR
mreiserer
Rep: 110
Posts: 2,220
The only way is up or so they say.....
DU
Duane
Rep: 100
Posts: 1,095

The 34 tick chart once again provides an early entry. This one of Jim's best techniques IMHO.


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JI
jimkane
Rep: 3,058
Posts: 33,089
Sometimes it seems so easy it just doesn't seem possible...
MR
mreiserer
Rep: 110
Posts: 2,220
What is the premise to take this as an entry?
A large overnight move? Do you trade this without any other confirmation such as a line?
RO
roofer
Rep: 3,689
Posts: 3,574
thankyou duane i knew it was back there somewhere...