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roofer
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jim- every single trade i did in terms of putting on and lifting of trades in CF is driven almost on automatic pilot by the work you show... i know CF like you know the ES...in AAPL i was being modest... and again the work you show caught every swing both up and down of greater than 10 points since price broke off the.886 algo... geez if it wasn't so boring, i could have just sat on that trade until it hitt the 447 and called it a trade at 75 points...at every single pivot a kane thought was available in both AAPL and CF to reduce or in crease position size... remember my mantra is clear entry tight stop out at target.... no trailing stop...
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roofer
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what did you teach us? the importance of the abcd's... what did i quantify as having an 84% success rate? abcd;s that complete at 382.... clear entry tight stop OUT AT TARGET start working another trade...like doing a load of laundry.
RO
roofer
Rep: 3,689
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bigger picture-- everyone should have been able to duplicate what did
test and retest out at line(BLUE ARROWS)...... there was only one reason i would get back in at red arrow.... after zooming the large ml, price did an ABCD WITH AN ABCD IN MIDDLE BC AND RETRACED TO382 AT MAJOR LINE... everything on this chart is klassic kane....
test and retest out at line(BLUE ARROWS)...... there was only one reason i would get back in at red arrow.... after zooming the large ml, price did an ABCD WITH AN ABCD IN MIDDLE BC AND RETRACED TO382 AT MAJOR LINE... everything on this chart is klassic kane....
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roofer
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the modified schiff set did its job of catching the top... once short there i had ONE THING IN MIND.... pushing a campaign trade to complete abcd at lower line....i get plenty of rest, i dont read anything that is not outside the methodology( ok, so if joed posts a turn i will look to mytools for a trade) I AM TOTALLY COMMITED TO THE METHODOLOGY AS A TARGET TRADER, because i can repeat over and over, like doing a load of laundry.price may explode up or down next week... i don't care the kane methodology will give me all i need as a target trader.
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roofer
Rep: 3,689
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hey i know as well as anyone that this frighteningly perfect geometry is in place... but it is in the nuts and bolts of clear setup tight stop clear target that i make a living... thinking about anything else does nothing for today.and with commisions negligible...actually right now i am trading for free...until i burnthrough 499 more trades, as soon as the trade move slightly in my favor, i slap a break even plus one stop in place and start working another trade............. sorry jim for the rant.... i would have thought you would be light years ahead of me and your only problem would be your health and would not have to ask how i traded it...to me it is self evident BASED ON THE TOOLS.
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roofer
Rep: 3,689
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what is the kane methodology? trading andrews and fib in multiple time frame charts. if it ain/t on one chart .. look at your next chart... andrews said price moves in 5 waves.. goal take larger context chart and dial down to find trades ...first trade test and retest... only thing that could stop before line is traders dream... andTHERE IT WAS!!! end first leg.exit trade.. expect undershoot to be matched at xmarks spot... and there it was!!!!because potential abcd completes at next arrow... exit trade... abcd at 382 back in trade!!!!!!!!! shoot for next line as end of 3 wave... exit trade... dial down to previous 5 minute chart// when price hits upper line at fib retrace anchor set and look for test and retest .... and there it was!!!!!! trade on!!!!! aiming for lower line and completion of 5 waves... TO ANYONE HERE THIS SHOULD BE CHILDS PLAY ... IT IS ENTIRELY BASED ON EVERYTHING THAT HAS BEEN SHOWN HERE.
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roofer
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as has been for a long time, i think the best use of the tools is to target trade... that is our edge over the computers... they know every way to screw with trailing stops,,, our way of beating them is to stay firm in our commitment to use the tools to exit and enter and not wimpout worrying about losing some profit...i either trade the method or i dont
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rat89
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Posts: 7,015
I have a lot to say about this thread but unfortunately no time... Awesome material here from roofer. It make sense that a traders style and psyche have to fit the trading approach since we all see things differently. That wouldn't negate the concept that there is in fact an absolute best use of the tools....but can we all see it in real time....that in itself is an art





