WOW - what a busy Saturday in the forum! Haven't seen anything like this in quite a while ... Better times for the forum coming? :-)

Originally posted by jimkane

Careful here, it's acting ready to pop, despite being between my key areas...

It found support at lower ML of my natural set:

Definite .236 and .447 at this area, with a key TL (and slightly through a key lower //), so I can see why it is bouncing. Will this little ABCD drop it, or is that 'support' for the day, and up it goes?

Yes, jarek, you add that 'most likely' area to the lateral and upsloping things I just mentioned and you have a nice * marks the spot. (Tim Morge coined X marks the spot (I heard it was him), and I have coined * marks the spot, as I usually have multiple lines forming an * at my spots.)

And now reaction from what I call 78.6 - 88.6 zone. I use those every day. This is for me the most important zone in ES but kane traders know this for a long time. I use 78.6 - 88.6 and 1.128 - 1.272 zones for almost every trade I make. And almost every important pivot is made in one (or both) of those zones. You only have to find good anchor points to get it :)
The lower 'zone' I have is 62.75 - 64.25. So maybe this will stop move down

Okay, that little 'W4' ABCD did send it down. Let's see if that is it, or my next area at 67 half ish will be hit.

Both corrections so far look as "related" but I can't find the pattern for the second one:

One more thing .. the top today was exactly 1.272 of the previous swing down and the abcd which jarek showed finished exactly 78.6 ..
I love zones :)

I also always have 200 sma on my chart. And so often it stops the move. Like now for example. We will see if it stopped it dead or only it is a puse. But I am lost without 200 sma :)

Originally posted by jarek

Both corrections so far look as "related" but I can't find the pattern for the second one...

Don't post it in here, jarek, but look on your pattern grid, top row, middle column.

The next area has now moved a bit to 64.50-65, but could go as low as 63.

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