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

Not trading right now, just watching action & making notes.

First 2 charts

July 6, 2009:

1. Gap Open
2. 0.886 Fibo Retrace (883.25)
3. 1.272 Fibo Retrace (881.25)
4. Simple Line 1 Support
5. Simple Line 2 Support
6. Is there Support at 881 - 883 area? YES, Overnight at 882.25, at 3:06AM & 5:56 AM
7. After Open, Look for a Kane ABCD BUY.
8. Kane TD BUY at 8:54.
9. After that one, see any more Kane ABCD BUYs?
10. Yes, Kane Flat ABCD at 11:46.
11. After that one, see any more Kane ABCD BUYs?
12. Yes, Kane EXP ABCD at 14:36.

Second 3 charts

July 7, 2009:

1. Gap Open
2. 0.886 Fibo Retrace (898.50)
3. 1.272 Fibo Retrace (898.00)
4. Simple Line 1, 2, & 3 Resistance
5. Is there Resistance at 898 area? YES, Overnight at 898.25, at 5:31AM. Point D of Kane DB ABCD, 1.618 Fibo Retrace. I was not up early enough for this one. How to get on board SELL trade after open? Maybe Kane Pattern-Fib-Line completing at 10:18
10. After that one, see any more Kane ABCD SELLs?

Comments welcome.

Best Wishes,

Al Kamego

Not trading right now, just watching action & making notes.

Nice Kane Pattern-Line-Fib SELL followed by Kane TD SELL followed by Simple Line 1.128 - 1.128 - 1.272 (overall) BUY. Thanks Jim & roofer & all the Kane traders. 0.886 is an awesome number!

Best Wishes,

Al Kamego

Nice Patterns & Nice sequence of patterns.

Best Wishes,

Al Kamego

Jim, It is good to have you back.

ES U9

I am still paper trading. Made a bit on a SELL on the downthrust from 945.5 area around 8:42 AM.


Best Wishes,

Al Kamego

Kane Pattern=Fib-Line ABCD.

Best Wishes,

KaneTrading 4 PCP ABCD completing at 0.382 Fibo Retrace, price attains top of Kane pattern and then some! I am working at uncluding some of roofer's great high percentage setups and observations into my trading. My trading can use some help!

Best Wishes,

Al KAmego

KaneTrading Pattern-Fib-Line coinciding with Lightning Trade. I am working on including some of roofer's great high-probability trading ideas into my KaneTrading trading style. I am always looking for low-risk & high probability trading ideas.

Comments welcome.

Good Trading to All,

Al Kamego

Price reversal at 0.886 Fibo Retrace. Kane EXP ABCD completing at 0.382 and Kane Pattern-Fib-Line

Best Wishes,

Al Kamego

Still paper trading. Made a bit on a Kane Pattern-Fib-Line setup.
I added the Fibonacci Time Ratios after the trade was complete, as an afterthought.

Best Wishes,

Al Kamego

Paper Trading, made a bit on a KaneTading 4 PCP. KaneTrading methods rock. Regarding my post here yesterday, I guess, strictly speaking, it is not appropriate to put Fibo time projections on tick charts, but on time-based charts only.

Best Wishes,

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