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

Gap down opening today. I made a bit paper trading on a KaneTrading EXP SELL at the open. A Kane Double Top ABCD Point D coincided with 0.886 & 1.272 Fibo Retraces, forming Point A od a Kane Pattern Line Fib SELL.

Good Trading to All,

Al Kamego

And the lower ML // forms a simple line.

Al Kamego

...er, please make that "forming Point D of" instead of "forming Point A od"

Al Kamego

Here is what I saw at the Open of 7/28/2009. 2 very nice areas with coinciding Gap/0.886/1.272/Simple Line DBSs. Both reactions to the PTA area met with the ML of the set defined by the DBSs.

Best Wishes,

Al Kamego

07/28/2009 Kane DT & a couple of 0.886s on a gap open day.

Best Wishes,

Al Kamego

Doh! Missed it. Looking the wrong way. All I can say is, Jim and roofer sure know their business!

Good Trading to All,

Al Kamego

Still paper trading. Saw a Kane FLAT ABCD sell on open but did not trade it. Stop run & nice short through 0.886/1.128 Fibo Retrace area, though.


Best Wishes,

Al Kamego

Kane EXP BUY.

Best Wishes,

Al Kamego

No trading for me today, just observing. Gap opening, 0.886 & 1.460 Fibo Retrace & Simple Line confluence. KaneTrading Double Bottom segue into KaneTrading 4 PCP completing at 0.618 Fibo Retrace, price pushes up through downsloping TrendLine.

Good Trading to All,

Al Kamego

More KaneTrading structures around the 1000 point level. KaneTrading concepts certainly explain a lot of what is going on in the market.

Good Trading to all,

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