craft- i have been posting my best work here. i guess this is my cave! i am sure you noticed that all three charts showed what is now my highest probability setup.draw a simple line connecting 3 pivots that ends in fib box. anchor medianline set on that line. price will go to medianline 90% of time....

if you wonder why i have macd on some charts but rarely mention it... there is an answer... i watch it for one thing and one thing only.. the originator' favorite setup was what he called a ''bump''..that has a very high confirmation probabilty... that is how i use macd most of the the time...

this chart is a little more advanced and the purple line setup i make no claim for....the point of this chart is to reinforce what i said before.. I RARELY TAKE A TRADE ANYMORE THAT DOES NOT INVOVLE A SIMPLE LINE AND A MEDIANLINE SET ANCHORED ON IT. again if you go back to the spy charts posted under simplicity and focus on the simple line into fib box i think you will grab the power of what i am showing....

quote:

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Originally posted by roofer

if you wonder why i have macd on some charts but rarely mention it... there is an answer... i watch it for one thing and one thing only.. the originator' favorite setup was what he called a ''bump''..that has a very high confirmation probabilty... that is how i use macd most of the the time...

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You frequently point out MACD (histogram) divergence on your charts.
That's how I thought you used it. How is the bump defined?

you are correct. i do point out div on macd it is the last place i look..except on one min. it has been 30 years since i incorporated bump'''i wish i had originators def.. all i can say is it is a specific squiggle on line. perhaps another trader can dig out... i am tired from the lifting.. take care i am done posting for a while.

bump.

i am sure that any trader who has followed this thread could show me the IWM trade today.

Hopefully someone will take a shot at posting. I was watching today, too, to study this more in real-time. Quite cool.

This is how I saw it......

Here is what I had for IWM today. I also have one for ES (to follow)

at the turn, i was scrolling my charts looking for the best entry... the TWM lept off the charts grabbed my hand and pressed the button!




Note from Jim: I finally figured out why this didn't post correctly, and fixed it.