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?

Pivot is the Stop sign today...

Yes, but a grind right to the pivot to the tick, and then it checks back 11 ticks instantly. This is some tangible price action.

J,
is there a good way of filtering the price action for trend 'chopiness' level.I mean a threshold limit of sort that could help define the tradability of a given trend.I've tried the 'chopiness' indicators but failed to get anything consistent...
I now mainly use a visual "scan" and assess the situation but that is still subjective to me and I end up trading the setups anyway ,even though the 'chop' is rather obvious.That's overtrading on my part, I admit, and the results are often stopouts after stopouts...not cool at all.
I wonder what method u might use in these situations,if any, to actively trade or move to the sidelines due to the choppiness of the price action.What 'tool' do u think is useful to help make a decision on that?
=)
T

yawn...

Fore!

Hey, at least my golf game is getting some work!!

Mini Dow trending a little better

Ex-act-ly. Can't make a silk purse out of a sow's ear, no matter how hard you try. At least I can see if I have any potential to make it on the pro tour if the trading never comes out of this chop :-) The first 1-1.5 hours has still been been moving, though. Then I grab the clubs and go.

Yes, the manipulation rampers have been running the DOW. That's how they make the suckers think this is a grand new bull market, with new all-time highs daily. The YM has been playing a lot better, and I'm doing some work there lately.

thankyou duane i knew it was back there somewhere...