Wow, that was a sweet little 1-min bar stop run breakdown there. I love it. Maybe that's all the downside it has, though. You know the games they like to play before they do a Sunday night GLOBEX/Monday run up. But, one of these times we'll get some real downside... It's sure all set up for some right now, as discussed previously. I'm patiently (Hah!) waiting for it...

.382, ABCD, at line pullback. Now we see.

Do you mean for the long-side bias intraday off the AM LOD? Major line confluence at the .685 for an unstructured 'W2' off the big ABCD. If I don't have a pattern that I want to trade directly, if I think the area will produce a reaction I can use that for bias for lower timeframe setups, if I get them. Does this answer your question?

Originally posted by sirios

What was our setup here ? Simple pullback from 61.8 retracement of big ABCD ?

Yes. This is the answer. Thank you. It is important for me that we can also trade W2 as simple pullback to 0.5-0.786 with right trigger.

It wanted a little more, one tick below the .447 (which hit something else key to the tick), and up it goes. Will this just keep playing with this ABCD area until the close, or will it blow it out, like I suspected earlier? Very funny how they play it when the decision isn't clear to the outsiders yet, huh?

Jim's calls and this KaneTrading methodology are some of the coolest things I have ever seen! Simply Amazing.

Al Kamego

In my opinion, thanks to Jim, this forum is the best place to learn trading in the world. Really.

Thanks. I don't do it to try to impress people, but to try to help. I don't mind when someone points out the methodology is amazing, though.

Just trying to decide if this is HC, or HC^2 (see terminology page). Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. Interesting how it is chopping and coiling in such a key decision spot, huh?

I still think they want a decisive upside resolution. I'm not sure they have the juice, but I think they want it bad. Blow out that ABCD so they are free to run.

I agree with sirios.

Originally posted by sirios

In my opinion, thanks to Jim, this forum is the best place to learn trading in the world. Really.

Al Kamego

I think it also pays to look at other markets when doing 'intraday swing trading' (daytrading to most). Gold, the currencies, and crude were anything but dead today.