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
Entry TF = 1 min., Traded TF = 5 min., Context TF=15 min.
I worked mostly from Traded timeframe.
(My excuse this time is that I was a bit distracted at the open)
GLOBEX 5 minute chart:
Double Top, Standard ML Set drawn. Nice entries possible on ES (My IB gives me SPY quotes in the preopen, but will not execute my preopen orders). ML Upper // - 0.886 fibo nice short possibility, followed by Type 1 Test and a retest, both good opportunities for short ES. Price dropped in preopen and hesitated at Kane Zone/Division Line, and dropped some more. Price dropped some more, dropped further thru ML, retested it at 0.300 fibo with a tweezers top, and dropped more. I sold 100 simulated shares SPY at 160.31, and covered at 160.25.
Made $6.00 simulated bucks, -$2 commission.
Al Kamego
I worked mostly from Traded timeframe.
(My excuse this time is that I was a bit distracted at the open)
GLOBEX 5 minute chart:
Double Top, Standard ML Set drawn. Nice entries possible on ES (My IB gives me SPY quotes in the preopen, but will not execute my preopen orders). ML Upper // - 0.886 fibo nice short possibility, followed by Type 1 Test and a retest, both good opportunities for short ES. Price dropped in preopen and hesitated at Kane Zone/Division Line, and dropped some more. Price dropped some more, dropped further thru ML, retested it at 0.300 fibo with a tweezers top, and dropped more. I sold 100 simulated shares SPY at 160.31, and covered at 160.25.
Made $6.00 simulated bucks, -$2 commission.
Al Kamego











