ES is shaping up nicely for my new scenario, especially with the smallest Schiff set respected very well so far:



However the W4 triangle on the main index could have already been completed on Friday and in such case the usual Sunday/Monday procedure should take place from the start of trading.

the q's were a headfake?? iwm right in the zone.....

in the blue box....is this what roofer means regarding the bc leg?

And right off the line like a rocket, right back to the sliding // overthrow from the last push up. Just insane game playing. Now, slight roll and then a big blast up for an uptrend? That would be a nice trap. A roll right back down would be too obvious. Let's see.

Originally posted by jimkane

Just amazing...

Originally posted by jimkane

The 'plunging' (on the 1-min) stops dead at the line. No matter if it go up or down, it always amazes me when this happens.

Okay, there's a small checkback, now watch closely.

Originally posted by jarek

A day later than expected and with problems, but Crude bulls showed up at a major battlefield on that market...

Just one clash and retreat??

Originally posted by jarek

Originally posted by jarek

A day later than expected and with problems, but Crude bulls showed up at a major battlefield on that market...

Just one clash and retreat??

Click image for original size

Yes Jarek as I missed this trade as you pointed out...

Roofer thankyou....

Joed with a blog. Now that I would have bet my entire net worth wouldn't happen (it's very cool, though). I missed that call by a mile. I guess that's why my 'Trading Plan' generally calls for risking no more than theoretically 1% per trade.

Same games. It then sets a new high for that push, and then another after that, right up to the previous high to the tick, and then right back down again. Now it is part of the way back down, sitting right on an upsloping TL, which stopped it dead, and it keeps testing it, over and over. Very typical going nowhere testing the boundaries price action. Note that it is not trending intraday, and hence my 'trend, correction' pardigm is not in effect. My methodology never tries to predict what the market is doing or what it might do, it simply looks for strong trends, and then looks for specific corrections to get on board those trends.

Originally posted by jimkane

Okay, there's a small checkback, now watch closely.

And now jumping off that TL. But will it go anywhere? With so little time left, who really cares... But notice they seem to want to close it inside this intraday super-coil. I'll still be watching to see if they break it to the upside in the last few minutes, or after-cash. If not, I suspect that will come soon in GLOBEX.

yes, thanks jim

Originally posted by jimkane
Hopefully at least this leaves you with some understanding of my reasons.