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

Another Kane ABCD for today's collection:




Slowly (well - maybe not so slowly) we are approaching previous support line (tick blue line on the chart)

The odds, as I read them, favor up from here. If it doesn't happen, that's a big clue.

So we had 3 drives separated by nice Kane ABCDs right (OK - one tick difference) to the last support area mentioned by Jim earlier today:

From low of the morning to high of the day the 1.128 - 1.272 zone is 1165.00 - 1166.25 ... low now made at 1165.75 ... right in the zone :)

Amazing, hard right up to a key multiple line covergence right at an expected area, and they drop it like a rock. Very, very telling. Now lets see if they game it big time in that .786-.886 area, or if they can get a new low.

This powerful line included an ML from adjusted set (very close to natural) and an ML from a Schiff set:

line to line cashed in my chips..may not seem like much... but it was 5% in a little over 2 hrs.. going to work in my garden

Abolutely nothing but sellers.

It didn't loose much time either at the previous support line or at the .786-.886 area. Very telling:

Originally posted by roofer

.. going to work in my garden ...

Your garden must look really beautifully. Thanks to your excellent skills you have so much time for it :-)

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