The debt limit issue should be resolved soon.
Be ready.

will definitely try.....mostly not here

Originally posted by tx_ches

Great learning op! I'll work on it tonight. Anyone else?

Originally posted by roofer

recent price action in SLV has allowed me to create a teaching set that incorporates 95% of what i have ever shown here.... if i show it.. no one will learn... i invite traders to attempt to show every detail... you should be able to express at least 15 things....

Went lower. If today is going to be a sell-off, what will tomorrow be like with the unemployment report....

Originally posted by tx_ches

DIA open bar low on 5 was the 88 line from Y low. Watching to see if holds. No good MLS but I have a warning line.

dbs?

Spy getting a bounce at the .886.

if silver breaks out here instead of breaking down, it will be clear that my present physical state is hampering my thinking... and i will stop posting for a while... as it is, i failed to think thru the presence of the 3 harmonics trade sitting just past the .886 on gap on 5... the 3 harmonics has been honored.. i have nothing left to turn down price....

i don't have it on there, but if you draw a bull schiff set using the back to back up/ down moves ending at 3803 it lays right over the bear schiff set shown....

1294 was 1.27....adjusted my set from earlier...

if I could think 1/10th as clearly as you do on a bad day I'd be very happy

Originally posted by roofer

if silver breaks out here instead of breaking down, it will be clear that my present physical state is hampering my thinking... and i will stop posting for a while... as it is, i failed to think thru the presence of the 3 harmonics trade sitting just past the .886 on gap on 5... the 3 harmonics has been honored.. i have nothing left to turn down price....

Originally posted by tx_ches

Great job, Al. You caught a lot more things. You are good at drawing the SL. I particularly missed 2 even after drawing 1 and 3. You also caught many more .886. I particularly like your 6.

I thought this was a great exercise on how well the tools can work near a turn as joed has said. For myself, it also showed me that I had made some progress with the tools since the last time roofer gave a list of charts to try them on.

For the record, I did try Jim's two recent detailed postings on action, levels, and turns but gave up in frustration. I never know with his stuff if he means 240 min or 3 min.

Thanks, tx. I spend probably too much time looking at the smaller details and not enough scoping out the "bigger picture," like the turquoise line 4. Kane TD ABCD. That is a good one. I looked at your work and picked it up right away. I do not know if I would have seen it by myself. I need to spend more time looking at larger as well as smaller timeframes for larger Kane ABCDs and structure. Many times I have been mentally involved in a smaller scale pattern, and missed an easy, larger Kane ABCD. This work requires a lot of expertise. Please keep up the good work.

Thanks, roofer, for the invitation for us to try our hand at your techniques on the SLV chart. I am sure there are a large number of things that I missed.

Thanks, Jim, for hosting this forum and sharing your thoughts. There is surely a lot of your work that I don't "get," but I am working on it.

Good Trading,

Al Kamego