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    JI
    jimkane
    Rep: 3,058
    Posts: 33,089
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    Okay, I guess jarek must still be skiing, so I'll start this week's topic.
    Let's make it another monster week for quality posts.
    TX
    tx_ches
    Rep: -10
    Posts: 514
    2
    (Edited )
    MON 5 minute.
    An exp abcd.
    then maybe a TD abcd. Or just a 4pt Cont.


    Click image for original size
    TX
    tx_ches
    Rep: -10
    Posts: 514
    1
    Please keep reiterating. I'm a slow learner with regards to this lesson.

    Originally posted by jimkane
    Famous KT saying applies: 'It does what it does, all I can do is manage/react according to my 'Trading Plan'.' It 's not my job to get emotionally vested in a position. My job is to find 'em, set 'em up, let 'em run, and manage according to the 'Trading Plan', letting probability run its course. If I have an edge, then I should make money net overall. End of story.

    I reiterate this over and over (that one is from the 'Department of redundancy department') so that it becomes second nature in here.
    TX
    tx_ches
    Rep: -10
    Posts: 514
    1
    We need both - the charts and the trader talk. They create "synergy".

    Originally posted by jimkane

    Thanks. That's about the best thing, I feel, that I can bring to the forum, my trader talk. jarek does the charts much like I'd do them.
    RA
    rat89
    Rep: 0
    Posts: 7,015
    1
    amazing what this did
    Click image for original size
    JA
    jarek
    Rep: 94
    Posts: 3,474
    3
    (Edited )
    And now to make it even more funny it reacted like there was a bullish ABCD of which our bigger bearish ABCD was just a ... BC leg:

    Click image for original size


    It's like a Russian nesting doll
    RA
    rat89
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    Posts: 7,015
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    Originally posted by jarek

    And now to make it even more funny it reacted like there was a bullish ABCD of which our bigger bearish ABCD was just a ... BC leg:



    It's like a Russian nesting doll

    RA
    rat89
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    Click image for original size
    JA
    jarek
    Rep: 94
    Posts: 3,474
    3
    (Edited )
    So far almost a classic move off this big bullish ABCD. We may just ask one more time: ABCD or W3 - that is the question:

    Click image for original size


    At last we have some action!
    RA
    rat89
    Rep: 0
    Posts: 7,015
    1
    man....abcd's in both directions...with spy and the q's stalled at the first hour low.....iwm below first hour range.....watching....

    Originally posted by jarek

    So far almost a classic move off this big bullish ABCD. We may just ask one more time: ABCD or W3 - that is the question:



    At last we have some action!
    TX
    tx_ches
    Rep: -10
    Posts: 514
    1
    Nice symmetry in CLF 15 minute today.
    The first reversal of the up leg back to down came at 56.4 and 161.8 retraces.
    Then the bottom low (so far) reversal came in at 56.4 and 161.8 retraces with a 94.1 PP.

    Click image for original size

    Click image for original size
    JA
    jarek
    Rep: 94
    Posts: 3,474
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    Thanks - I must have been sleeping indeed