Here are some of my paper trades that I do during the day. I know that Jim pointed out that I have done mostly YM charts, & that is true, but I decided to do some ES paper trading also, so it is be easier for me to relate to the fantastic contributions in ES and other trading that this forum's members are making.

Here are some paper trades today. Kane Trading methods rock!

Kane 4 PCP (won), Kane EXP (exited too early, lost), & Kane Fib-Pattern-Line (won).

Good Trading All,

Al Kamego

Kane TD ABCD, ABC = 1.382, BCD = within a tic of 0.685, completing at Fibo Retrace 0.382, price meeting resistance at confluence of two simple lines and price reversing.

Good Trading,

Al Kamego

Another look at the previous example.

Al Kamego

The previous example was a Lightning trade too.

Good Trading,

Al Kamego

And it's a Kane Fib-Pattern-Line, also.

Current moon phase is a new moon.

Good Trading,

Al Kamego

Originally posted by albert

Kane TD ABCD, ABC = 1.382, BCD = within a tic of 0.685, completing at Fibo Retrace 0.382, price meeting resistance at confluence of two simple lines and price reversing.

Good Trading,

Al Kamego

Click image for original size

The cool thing here, Al, was the DB ABCD setup that completed and had a nice trigger, too, at the second contact point of your red line. That was an even earlier chance to get in for those that didn't want to take it off the top. If this setup was passed up, the abcde that you show sure was primo. If one took the ABCD part of that setup it would require a reentry once it morphed into an abcde, or a very thick skin on the stop (thicker than my skin is). Lots and lots of potential opportunity on this drop, as, in my opinion, usual. Nice charts.

Thanks for the comments, Jim. Awesome. I did not even see that Kane DB, right there in plain sight. What a setup that was! This KaneTrading methodology is fantastic!

As roofer has pointed out, I owe a debt of gratitude to all of you who contribute to the Kane Members-Only website, and especially to you, Jim, and to roofer, for your many contributions that have helped me, as well as others, I am sure, to understand trading. The Kane community is the real deal.

Good Trading,

Al Kamego

Jim,

The "thick skin" comment was very cool also.

Al Kamego

Kane Pattern-Line-Fib completing at Fibo Retrace = 0.382, confluent with 0.382 Fibo Retrace of GLOBEX Hi-to-Lo, and adjusted ML Lower //.

Good Trading,

Al Kamego

Combination of KaneTrading 4 PCP completing at a 0.382 Fibo Retrace and a Lightning Trade. I figuratively stepped in front of a train this morning in my paper trading. I am still learning the ropes, I hope!

Good Trading,

Al Kamego

Al, what do you mean you stepped in front of a train? You didn't catch the 4PT? Didn't stay with it? Went against it?

Yes, I am still trying to learn more about context. Here is a Kane Flat/EXP ABCD completing at 0.300/0.447 fibo. Kane Flat ABCD Point D gets resistance at Profit Target from previous Head and Shoulders. Cool.

Good Trading,

Al Kamego