MyPivots
Sign In
AL
albert
Rep: 99
Posts: 3,094
Here it is.

Al Kamego
JI
jimkane
Rep: 3,058
Posts: 33,089
Last chance for 9? Maybe in the after-market? Watch the GZ, as usual. I can't envision any more real selling, but you never know.
JI
jimkane
Rep: 3,058
Posts: 33,089
The cool part is that this bounce was right to the key .382 and to my most key set line, to the tick.
JI
jimkane
Rep: 3,058
Posts: 33,089
Watch the GZ, now hit.
JI
jimkane
Rep: 3,058
Posts: 33,089
And they hit it like gangbusters. Rocket ship explosion off the GZ. See?
JI
jimkane
Rep: 3,058
Posts: 33,089
What a thrill ride today was. Great overnight, great AM, rest during lunch waiting for Bern-Qwacke, then incredible action that I think was nearly perfect for the KT methodology. A real incredible day.
JI
jimkane
Rep: 3,058
Posts: 33,089
And after-cash closes right at a bearish ABCD. But I think they want up now.
JI
jimkane
Rep: 3,058
Posts: 33,089
Can you post a labeled chart showing this? I'm not sure the readers will be able to follow you, or any discussion we do, without a visual to start.

Originally posted by sirios

I was looking at TD on 240 min timeframe on GLOBEX. They do the trap (strong buying on start RTH) after EXP in it's CD leg and they started sell-off for W1 for smaller W2 (ABCD).

Originally posted by jimkane

sirios, what timeframe are you looking at here? Just so I can be sure I am looking at the same thing you were when you posted this.


Originally posted by sirios

Jim, do you see any problems in this big W2 on ES ? I think they want to build TD in CD leg but buyers will do not allow to do that and probably we stay with EXP.


SI
sirios
Rep: 0
Posts: 157
Here are charts.

Originally posted by jimkane

Can you post a labeled chart showing this? I'm not sure the readers will be able to follow you, or any discussion we do, without a visual to start.


Click image for original size

Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
I keep saying over and over it's coming... No traders I know believe it, or have any plans if it does (or should I say have any plans that I see as viable...).

http://www.zerohedge.com/contributed/cbo-tobin-tax-dont-do-it

Understand, even the proposed little 0.03% (sounds totally harmless, huh?) tax per transaction is $240 round trip on 1,000 shares of AAPL per trade, win or lose. Imagine, I pay about, say under $5 commission per side for a trade like that. So let's say $10 round turn. Now I'd be paying $250 per trade, win or lose. Hmmm, an increase of 2,500% in my cost of the transaction.

No problem, right? No, end of career. Yes, it will apply to all futures, options, FOREX (don't let them kid you on that one), and stocks. And yes, it will exempt all the 'Too Big To Fail', of course. Are you kidding? We go out of business, nothing happens to the bad guys, and it brings in essentially no money. In other words, situation normal. Fight this! Get off your a#% and start writing. Maybe it does nothing, but at least we tried, instead of sat by.
RO
roofer
Rep: 3,689
Posts: 3,574
my trading day was simple..be of no mind, just trade the lines.. i know in advance;

1) i want to trade against a downsloping line of a set anchored on swing high, PARTICULARLY if price has been respecting that set.

2)i want to trade against the coming together of an upsloping line and a downsloping line,PARTICULARLY if both sets are anchored on swing high..

3)I KNOW THAT THE DAYS HIGH OR LOW IS MADE IN THE FIRST HR more than 80% of time...

4) i know that gaps lead to trend days or the hitting of the .886 algo or both....

if the pieces fit and a trend day kicks in, i know the lower line of the set is the logical target...
RA
rat89
Rep: 0
Posts: 7,015
i've been trying to find the line for the december high....the only thing i see really is a modified schiff all the way from july to oct low...

there are some very interesting potential areas here


Click image for original size