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    MarcinO
    Rep: 67
    Posts: 5,506
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    W2 ABCD with TL backtest?

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    es 2015 01 11 png
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    (Edited )
    Lower high? I can see a trader doing a very short-term long here.
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    Watch this bearish ABCD here...
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    Cleared the bearish ABCD handily, now we see if this is it, or if we have a tiger by the tail.
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    There's the reaction. Do or die time.
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    Look at that 1/3-min descending TL!
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    Time for it to give way.
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    Yawn. 'Too easy'.
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    Now what? Think about it.
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    (Edited )
    Okay, in case you weren't able to think of it: backtest the TL, check, then huge pop, check.
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    If it can keep going I'd think it would want to take 2000 ASAFP. If it can keep going, and that is a big if.
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    jimkane
    Rep: 3,058
    Posts: 33,089
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    Up 44 points from the low last night, by my data. The size of the moves is just blowing me away. I love it unimaginably, but I can't get over it, just like I couldn't back in '08/'09.