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.
Any comment welcome.
Good Trading to all.
AL
albert
Rep: 99
Posts: 3,094
Originally posted by jimkane
Al, I always use 'the spirit of the pattern' and how it lines up with all the other work to decide on a setup. The parameters in the books are my guidelines, but the decision is always based on the holistic overview of all the factors. Hence, if I like everything else then I don't cut out a TD just because it's a .685 or thereabouts. The guidelines just help keep those who haven't mastered their craft yet out of trouble (or should I say 'reduce their trouble'), in my opinion.
Jim, Thank you for the guidance.
Al Kamego
AL
albert
Rep: 99
Posts: 3,094
Originally posted by albert
Originally posted by jimkane
Al, I always use 'the spirit of the pattern' and how it lines up with all the other work to decide on a setup. The parameters in the books are my guidelines, but the decision is always based on the holistic overview of all the factors. Hence, if I like everything else then I don't cut out a TD just because it's a .685 or thereabouts. The guidelines just help keep those who haven't mastered their craft yet out of trouble (or should I say 'reduce their trouble'), in my opinion.
Jim, Thank you for the guidance.
Al Kamego
Jim,
Thanks again. I am all for reducing mu troubles!
Al Kamego






