a remarkable man i met in my other life asked me to explain what i do.. he is 84.. milton friedman was his advisor on his doctoral thesis at university of chicago.

roofer,

Totally awesome work. It is all geometry. I did not even see the Kane DB with the Measured Move in the CD leg! What great teaching.

Thank you for the teaching!

Good Trading to All.

Al Kamego

Thanks for sharing roofer, it's sinking in as I see the progression of the charts.

look.. everyone knows what i think... that it is all just geometry and that what jim has''discovered'' has always been in the market and always will be...but i do not think i am being too insistent or out of line in asking those who claim that jim's written work is not ground breaking to show me the exact page and exact reference to many of jim's fib numbers that predated jim's work... no generalities allowed... show me the specifics...

iso- the progression i show is available to me at any moment in time because i keep a check list of every thing possible i am looking for as i trade... my eyes go back and forth from chart to written concept...

I have just started a checklist of things to look for when reading a chart.

Al Kamego

let me end with this enduring gem from the mind of the trader joed that i have said many times...'' as price approaches an important turn, the tools work better and better on smaller and smaller time frames.. traders become mesmerized by their success and miss the bigger and more important swing''... we are close.

one for the road

quote:

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Originally posted by roofer

look.. everyone knows what i think... that it is all just geometry and that what jim has''discovered'' has always been in the market and always will be...but i do not think i am being too insistent or out of line in asking those who claim that jim's written work is not ground breaking to show me the exact page and exact reference to many of jim's fib numbers that predated jim's work... no generalities allowed... show me the specifics...

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That's so funny that you ask people for that, as I've heard all the claims, and no one has produced anything written for me, either. Like others figured that .685/1.460 out before me, yeah, right. And think about this. People post and post and post everywhere. Anything that can be posted gets posted. Now, at least four people told me they were using the .886 up to twenty years ago. They didn't tell me they secretly used it, one guy told me about a guy in the UK that showed it to him over twenty years ago. Yet not one single person posted that number in a trading context (I know of no posts in any conext) in all that time. Then I show it to Scott, I publish it, he publishes his patterns with it, and now, all of the sudden, it is posted everywhere. But before this, even though all these people that had it were sharing with other people, not trying to keep it secret (like I do with the .685/1.460 and some others), no one made any reference in any book or forum post anywhere about it. Yeah, that's real likely.

And BTW, it's the .887. Read the book, and get out your calculator. All Fibs are rounded, usually to three places past the decimal. I called it the '.886' because it rhymed with '.786' and it was the first 'new' Fib I introduced. I was getting such a ribbing at the local trading club I thought I better try to make it sound more familiar and acceptable, so I truncated it, something not done with any other Fib, mine or the usual Fibs. Yet everyone out there 'who already had it' also decided to truncate it, and not call it the .887. Read the book, I explained this, get out your calculator. Yeah, right, they all truncated it because they were worried people might not accept a 'new' Fib, and then they didn't post it anywhere. People...

Great work, roofer. I never tire of looking at your charts.

As far as the odds on that .382 ABCD with the confluent .618 set, they are: 'good' :-)

decide