There is not much to add to the extensive coverage of the recent weeks here. While looking for geometry of Friday's turn on the continuous contract basis I came up with the following picture:



We have an almost ideal .382 bullish ABCD here. Thanks to Roofer's findings based on thousands of examples we know that probability of taking out the high equals in such case 87%. What's more in order to hit Jim's target zone at the line, a pretty fast move would be required... We'll see next week if we are on the right track and ... in the right train

This forum is shaping up great ...everyday I get excited to see Roofer , Jarek ,Rat, Al, and the others from time to time post. Not to mention to get to read the insight of someone who has years of real life experience. If you take out your trusty "GUN" and for one week post your incredible levels with play by play action from Jarek"s chart....THEY WOULD BE ASTONISHED. Stand alone Jim and follow the path you are on.

Jim,

I am sorry to hear you are feeling down. I know that at least for myself, your educational products have opened up a completely new world of trading possibilities for me. I am glad I purchased the trading educational materials that I have from you, and I plan to purchase more. I enjoy every day I use the Kane Trading trading concepts.

I am amazed that anyone criticizes anyone for writing educational books. However, I think misleading words like "easy, simple, can do it in 5 minutes a day," and the like are misleading, and I avoid these approaches. I think in the time that I have known you, you have always been straightforward and honest, letting the people know that your materials are for "serious traders" "who are willing to do the work."

I think some people do not want to do the work and would not recognize a golden opportunity if they were looking at it.

"Opportunity is missed by most people because it comes dressed in overalls and looks like work." - quote by Thomas Edison


I hope this helps.

Good Trading,

Al Kamego

Well, thanks for the comments everyone. It really does help. I kinda feel like the only thing keeping me sane is knowing the small group in here understands a bit about who I am, what I stand for, what I am trying to do, what I have come up with, and the value of it. I won't be posting in the public area anymore, so that issue is solved. I'll just concentrate on my own trading, and on doing what I can in here.

And on other note, roofer mentioned in his response 'out there' how him and I sometimes get into heated discussions that sometimes have him leaving for awhile. I'm kind of glad we can get into it, throw a few punches, take off, cool down, and get hooked right back up, sharing and mutually benefitting from our continued interactions. Kind of like brothers. Thanks, roofer.

I think there are better ways to use your energy Jim. No matter how much you try, there are always going to be people who don't believe in your intentions. But why bother?

What a line to line action overnight! Our bearish KZ DB produced a quick move of almost 20 points, but it almost failed soon thereafter:



Then a nice bullish Flat/4PT hybrid at line formed and it should provide enough energy for a definite take out of that DB

Shall we consider this all important downsloping major ML in Crude as already reached despite a 30 cents miss?



There was a slight overshot at the upper ML earlier, so that may explain this miss

I wasn't commenting on Gold recently, so I'll try to follow this bullish KZ ABCD pointed by Eric. It formed exactly at the major ML of a Schiff set, so reaction to it might really be important:

This time a clear trendline creep finished like in good old times - with a downside breakout. Sign of changing times?

Practice work. I consolidated what Jarek did on the ES 15 minute chart. I'm only showing the last 2 days -- from where I left off on Wednesday.