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JA
jarek
Rep: 94
Posts: 3,474
WOW - what a busy Saturday in the forum! Haven't seen anything like this in quite a while ... Better times for the forum coming? :-)
JI
jimkane
Rep: 3,058
Posts: 33,089
Myself, given I have been at this a long time, and keeping in mind I am talking ES for very short term, am short side bias off that high, but very, very cautious and ready to switch teams if need be.
JI
jimkane
Rep: 3,058
Posts: 33,089
This is more coincidental, but I am watching 70 half, 67 half, and 65 half, as the three levels to watch.
JI
jimkane
Rep: 3,058
Posts: 33,089
And those levels are always plus or minus a reasonable level of tolerance, they are never exact points to the tick.
JA
jarek
Rep: 94
Posts: 3,474
Looks like the bulls are done for now:


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RO
roofer
Rep: 3,689
Posts: 3,574
jim here is my trade...after double bottom. i bought kane dt abcd at line... stop now be
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RO
roofer
Rep: 3,689
Posts: 3,574
bigger thought tna
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JI
jimkane
Rep: 3,058
Posts: 33,089
Careful here, it's acting ready to pop, despite being between my key areas. May just bounce and roll, but I'm getting cautious here.
JI
jimkane
Rep: 3,058
Posts: 33,089
And this, as roofer's TZA just hits the start of those two lines there.

I'll stay with this short side until it forces me off that side, but I'm getting tight in here.
RO
roofer
Rep: 3,689
Posts: 3,574
me too.... first target given by geometry has been hit....
JI
jimkane
Rep: 3,058
Posts: 33,089
Great charts, roofer. I appreciate all the timely work being posted in here today.
TO
TonyC
Rep: 99
Posts: 471
Roofer, what u are alluding to with the multiple timeframes comments is that they are deliberately omitting the 'CONTEXT'?.They are just blind to the bigger picture within wich the current price action,indicators,geometry are set up?. That's a big time mistake to deny 'Context'. And Jim will tell you: quote:'without context you have nothing'...it is so true I believe.
As far as computers go with their millions of calc per nanosecond, they still can't beat a well trained human mind with anticipatory instincts,rock solid discipline and a real 'trading plan'. But these types don't come by often and the brain can only function at peak performance for just a finite period of time,unlike comps that can run forever.So I'd assume that's why only a small percentage of the trading population can consistently beat the comps at their own games. And I think those who run the comps are fine with this fact because in the long run they still take the money of the weaker minded masses anyway. So that cycle is perpetuating, making the market wheels go round and rewarding only those who work hard at their trading craft by whatever means and methods necessary.Indicators or not, whatever works is what matters.
Being consistently profitable is no easy task but feasible I think, or else I wouldn't be trading at all. How can one achieve that goal? it's like climbing Mont Everest, many try but only few make it and along the way up you just learn about your true self and deep down inside the only fight u have is with yourself not the mountain...

regards,
T