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 got back last night. Yes, Jim, you started a trend. You are a Trendsetter.

Price turned at 1129.50. Nice Kane TD ABCD completing at 0.618. This Kane TD had a very nice five-step move from Point B to C of the ABCD.






Al Kamego

I am a fool for my tick charts. Here is a "price pattern" "In Development" that I have been watching. This is not supported by very much research on my part, although I am sure Jim & roofer have researched most parts of this pattern extensively!

1. 3 D at 0.886 Fibo Retrace, also 1.272 Fibo & 1.460 Fibo this area.
2. 21 SMA crosses under 200 SMA
3. Hidden Divergence (in this case) between 3-10 SMA Oscillator (Linda Bradford Raschke & roofer's Trader's Dream) at peaks (for a SELL) X & D on either side of 21/200 SMA crossover.
4. Beauty Kane Pattern-Line-Fib with Hidden Divergence between 3-10 SMA Oscillator at Point X & Point D.

I think confluence of Kane ABCDs, 21/200 SMA crossover, & 3-10 Oscillator Divergence is quite interesting.

Good Trading,

Al Kamego

Thanks Jim, thanks roofer, & thanks to all of the other Kane traders!

Kane Pattern-Line-Fib & Trader's Dream Confluence.

Good Trading,

Al Kamego

I forgot the Bollinger Bands.

AAK

Just a few charts. Comments welcome.

Good Trading,

Al Kamego

Hey, Al, good to see you post in your area again. That monthly chart, that red line, that is what made me mention the 1330 area as key. It lines up with many Fib related areas via various techniques I use. It truly is critical in my opinion. If some things are about to change in a big manner (I can't see anything but endless, near infinite money priniting that will drive the stock market up way, way higher, until the system collapses), say started off with something big in Egypt, or any of hundreds of other ready to fall shoes, this could be the area. Imagine, looking back, if a major sea change happened right off that line and we 'didn't see it', or didn't act on it. We'd look back and say it was obvious, how could we have missed it. So, I will be watching this very, very closely...

jim,

Thanks for the comments. Your insights and trading methods are "truly amazing." I am so glad there are people of integrity like you that are willing to educate other traders by sharing their knowledge.

Al Kamego

More charts. Comments welcome.


Kane EXP ABCD with a ML running thru it, completing at 0.382 fibo.


Al Kamego

Kane Pattern-Line-Fib in Google completing at 0.486 fibo.

Good Trading,

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