Here is a new topic.
Al Kamego
RO
roofer
Rep: 3,689
Posts: 3,574
sometimes the context gives bulls and bears equal weight.then you have to use the tools to take a side, take a chunk of price, then stand aside...recent action in oil etf's
Click image for original size
Click image for original size
AL
albert
Rep: 99
Posts: 3,094
Originally posted by jimkane
Kane Trading rocks! (to quote Al).
Thanks! I think that phrase is dated, but it is about all I can come up with. I think Kane trading is also "elegant," from a math point of view. I say this because I see Kane concepts popping up in price action constantly.
Al Kamego
RA
rat89
Rep: 0
Posts: 7,015
those who have studied jim's work and roofer's work know the importance of this area:
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Why, indeed...
Originally posted by jimkane
Why do I just have that feeling (and hence I mentioned it in here before) that this wanted/needed to pierce the area, and that it is going to rise from here? I don't know, I just do.
JI
jimkane
Rep: 3,058
Posts: 33,089
Alright, I'll finish with a little visual. Make sure you look at all the posts and the timestamps. Look on a 1-min. This chart is just a guide for what I was saying. Look at it all. They do this all the time, but especially on a Friday when it sets up like this and is dead at the times of day this was.
Chart created on QCharts, courtesy eSignal
Click image for original size
Chart created on QCharts, courtesy eSignal