I guess Jarek isn't back yet.

And to get into the trade, remember Roofer's very simple
checklist:
time
pattern
line
fib
divergence

This chart from roofer shows the lines for the above 886 failure trade.

ches- i have refined a bit..but it is time to go proprietary and not explain...

Everyone's going proprietary nowadays. Soon we won't have any need for a forum...

tx, can you do some geometry on these examples? I think that would benefit everyone.

Originally posted by tx_ches

A few that I thought the .886 was hit right on or pretty darn close.
I didn't trade today so after the fact...

i just did a deeper scan.... i was able to find almost 100 .886 on gap on 5 at geo... it was THE organizing algo for the market today.

Okay, the ES may have turned there, and is now starting its march upward. Let's see. I think so...

Now, is this a TL 'backtest' here and first pullback, or is my read not to be? We should know soon.

Popped right up off that 'backtest'. New high for the move. But it needs to get moving here, and not look all 'rollovery' and sideways choppy up here. It needs to 'get legs'.

Okay, that's a little better. I have three immediate levels I am watching here very short-term.

91.00-.50

93.75-94.00

96.50-.75

Center of areas, as usual.

Wow, did they shake the tree all afternoon on the 1 and 3-min timeframes. I'm seasick. Glad to be able to take a break now. Pretty exciting stuff, though.