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

I forgot to mention that the Kane TD ABCD completed at a Fibo Retrace = 0.382.

Al Kamego

Just one more feature...The ML of the new gold colored ML set, anchored at the top of the five step pattern, goes right thru the center of the Standard ABCD, the one with the AB=CD in leg AB & with the AB=CD in the CD leg(aka the five step pattern).


Good Trading,

Al Kamego

Kane Flat ABCD and Kane 4PCP.

Al Kamego

Kane EXP ABCD on Sunday Night. Another Kane EXP ABCD Monday morning at confluence of Fibo Retrace = 0.886 & 1.618, & Simple Line. Price went through that area OK, looks like a sign of strength to me.

Good Trading,

Al Kamego

Kane Pattern-Line Fib and Kane EXP ABCD. Very nice Five-Step price action today on the 144 tick chart.

Good Trading,

Al Kamego

Close, but no cigar! Overrode my initial Stop Loss & got scared out of another trade! Drat!

Entered a Kane Fib-Pattern-Line SELL ABCD, price developed into a Kane TD ABCD,Pt D = 0.685 Fibo Retrace & completing at 0.382 Fibo Retrace going in opposite direction, A'B'C'D'. I overrode my initial stop loss, exited, because my Trading Plan says NOT to trade against a Kane ABCD. Well, the Kane TD got to 1.128 PtCD distance, formed 3D, & price fell again. Sticking with the original stop would have saved me grief.

Al Kamego

Sweet Kane 4 PCP completing at 0.236 Fibo Retrace and 0.685 Fibo Retrace of overnight lo-to-hi in preopen. Thank you, TonyC for your admonition to take the stop. I rode out some heat as price tested Point 4 levels, & made a bit before exiting. No, I did not take the stop, but I think I am improving!

Al Kamego

Another sweet Kane 4 PCP completing at 0.564 Fibo Retrace and touching two lines.

Al Kamego

Got stopped out on the Kane Flat ABCD SELL. I stuck around & made a bit on the Kane DB ABCD, on what I saw as a Kane Pattern-Line-Fib, on a 3D, and on a Kane 4 PCP completing at Fibo Retrace 0.382. Nice Simple Line, too. I guess I am a scalper at heart, sometimes. Those commissions do add up!

ABCDs in the Kane DB BC & CD leg, & in the Kane 4 PCP legs, also.

Al Kamego

Charts

Al Kamego

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