Jim has allowed me to post some charts in a separate thread, so I will post here in Al's Charts 2. I am amazed at how the Kane Trading methodology permeates price action. I like moving averages, too.
Kane DB completing at 0.300 fibo / 2x Opening Gap, measured from bottom of Gap on 5.
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Methods Down example. I love this forum!!
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Methods Down example at "X Marks the Spot." I copied one of rat's charts for this.
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Kane 4P completing at 0.300 fibo.
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Actually, the Kane ABCD closed closer to a 0.236 fibo.
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Nice followthru on Kane TD ABCD that completed at 0.500 fibio. 34 tick chart, I thought I was done using small TFs, but this one proved very useful to me today. I am trying to work more MLs into my simulation trading.
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Trader's Dream.
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Kane TD on 34 tick completing at 0.300 fibo.
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Kane TD ABCD completing at 0.564 fibo on 60 min chart.
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Spike Line, Test and Retest, Looks like a Test and Retest failure to me, down more. 34 tick TF.
OK. Thanks for the invite. My trading lately is pretty indicator-intensive, though. Kane trading still rules, however, I like to work with moving averages a lot.