JI
jimkane
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Posts: 33,089
This is way more than I can cover in a forum, but this is potentially a higher timeframe area. It is difficult (read: to be done only by very advanced traders under very specifically defined limited circumstances) to trade a lower timeframe play directly off a higher timeframe setup.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, it doesn't take me to point this out, but notice what we had on the open. A bearish EXP ABCD at the KZ.
JI
jimkane
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Posts: 33,089
So, the ABCD area is fully hit now. But, is it a 'W3'? It might bounce at an area like this even if it was (you know, the traps game), but it very well may just accelerate down.
JA
JaLee
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Posts: 103
Yes, way cool..
Originally posted by jimkane
So, it doesn't take me to point this out, but notice what we had on the open. A bearish EXP ABCD at the KZ.
JI
jimkane
Rep: 3,058
Posts: 33,089
46-50 is a curious area, but the real action is 36.75-38.75, center of area. This is higher timeframe stuff. I post this with the caveat that we are sitting on a bullish area and I am not implying it will give way by posting these. I am saying if it does, or if it bounces and rolls, here is where I am looking.
JI
jimkane
Rep: 3,058
Posts: 33,089
I am trying to focus on stuff I think shows key aspects of the methodology. I am not going to point out every setup that should be obvious, as I don't think that is good for people. But sometimes to bring the picture into focus I will mention one later to clarify the perspective I may be looking from. For example, you (meaning anyone reading this) hit it short off that pattern and now sit on this area and have a very nice profit, what is the management plan? Go back and look at my teasing comment right off the open. What was I trying to get people to think about? What is an EXP ABCD? Basically, especially with the action right before the open, a double stop sweep. Just as they made it look like the buyers were ready to launch the pattern kicks in.
Originally posted by JaLee
Yes, way cool..
Originally posted by jimkane
So, it doesn't take me to point this out, but notice what we had on the open. A bearish EXP ABCD at the KZ.
JI
jimkane
Rep: 3,058
Posts: 33,089
Ho-hum. What area is coming up in here? Clue time. Same old, same old. We are coming off the big area. What's the read? Watch each key area for clues.
JA
JaLee
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Posts: 103
I thought your comment about the buyers was interesting. So you actually want us to think : )
Originally posted by jimkane
I am trying to focus on stuff I think shows key aspects of the methodology. I am not going to point out every setup that should be obvious, as I don't think that is good for people. But sometimes to bring the picture into focus I will mention one later to clarify the perspective I may be looking from. For example, you (meaning anyone reading this) hit it short off that pattern and now sit on this area and have a very nice profit, what is the management plan? Go back and look at my teasing comment right off the open. What was I trying to get people to think about? What is an EXP ABCD? Basically, especially with the action right before the open, a double stop sweep. Just as the made it look like the buyers were ready to launch the pattern kicks in.
Originally posted by JaLee
Yes, way cool..
Originally posted by jimkane
So, it doesn't take me to point this out, but notice what we had on the open. A bearish EXP ABCD at the KZ.
JI
jimkane
Rep: 3,058
Posts: 33,089
And here's the new topic. Everyone please go there and vote that up (if you think it is good). Also, I added a post to the above one thread, so make sure even if you voted before you go and vote up that one. I know there are more people reading this than four, so please, everyone, help me out. I need to make sure that they don't seem vulnerable to down voting and we get the positive vibes going. Thanks.
http://www.mypivots.com/board/topic/8616/-1/charts-from-4-29-16
http://www.mypivots.com/board/topic/8616/-1/charts-from-4-29-16
