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

Just got back from a vacation.

Interesting KaneTrading pattern.
2 min RTH
Gap Opening & coincidence of:
(39 minute chart)
0.886 Fibo Retrace
1.272 Fibo Retrace
Simple Line
(13 minute chart)
KaneTrading Double Top completing at 0.382 Fibo Retrace
(89 tick chart)
KaneTrading Pattern-Line-Fib with additional 0.886 Fibo Retrace, 1.382 Fibo Retrace, & 1.272AB=CD, & Fibo 1.618 Low-to High Time Extension
Thanks Jim & Roofer, & all the other Kane Traders.

Good Trading,

Al Kamego

Doh! Got faked out again! I saw a Kane Fib-Pattern-Line developing, Gap open, very nice coincidence of Fibo Retraces & Lines, & I went long. Wrong! I barely exited with a small profit & I soon saw, to my chagrin, that a Kane DB developed & moved along nicely. I GUESS that my upsloping ML set gave me a BUY bias. I have really got to keep my eyes open to alternate possibilities when I get in a trade.

I wonder if I am being too explicit for Member's only area?

Al Kamego

Nice KaneTrading EXP completing at Fibo Retrace 0.564.

Good Trading,

Al Kamego

Kane Trading rocks. Kane DT, completing at 0.382 Fibo Retrace.


Al Kamego

Hi Al,

nice charts and thanks for all the updates. Always love to see something new in here.
Keep up the good work!

Best,
Marco

Thank you for the kind words. I really enjoy your posts too. Please keep up the good work. This is a super forum for learning & there is some great talent here. I have been paper trading for a while & continue to do so, until I can master the material. I am beginning to enjoy using the KaneTrading methods enen more than before.

Good Trading,

Al Kamego

Marco,

Regarding my previous message, and the statement:

"I have been paper trading for a while & continue to do so, until I can master the material."

I would like to delete that statement, and replace that statement with the following statement:

"I have been paper trading for a while & continue to do so, until I can BECOME CONSISTENTLY PROFITABLE."

I believe that is closer to the truth.

Thanks.

Good Trading,

Al Kamego

Kane 4P.

Good Trading,

Al Kamego

And as Duane likes to quote me: "They frequently appear in Wave 2".

J,
So, I would think that may mean that the 1090 top is probably the end of an Elliott Wave 5, and the 1080.50 low is probably the end of an Elliott Wave 1. Cool. I do not understand Elliott Wave theory or practice very well, but I do not underestimate its power to explain what is going on in the markets.

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