No one else did it, so I'm kickin' it off.

In KZ now. Wouldn't the play to be looking for pullback to go short?

Originally posted by jimkane

First place to look, the ABCD level. Where is that? Right here.

Those ABCD's at KZ's...

This is a bit too complex to explain here, especially when the action is heavy, but it is sitting on a huge area it is reacting to. A short is a bet that area will give way (or be more deeply retested). Yet the area may not indicate a new high for the move is coming, either. So it's about constructing plays within a situation like that. Given a layout like that, where are the likely movements, what do you think will play out, and then what are the plays for that. If I answer yes or no one doesn't get any feel for how to handle future situations. This is all about 'context' in here, and play construction.

Originally posted by JaLee

In KZ now. Wouldn't the play to be looking for pullback to go short?

Originally posted by jimkane

First place to look, the ABCD level. Where is that? Right here.

Let me clarify. I am not saying one couldn't have shorted that, I'm saying one would want to be aware of the 'context' I mentioned above, and think the odds favored a play, and be very specific about that play.

1-min TL in here.

Yes, that is what I'm trying to grasp...the context.

Originally posted by jimkane

This is a bit too complex to explain here, especially when the action is heavy, but it is sitting on a huge area it is reacting to. A short is a bet that area will give way (or be more deeply retested). Yet the area may not indicate a new high for the move is coming, either. So it's about constructing plays within a situation like that. Given a layout like that, where are the likely movements, what do you think will play out, and then what are the plays for that. If I answer yes or no one doesn't get any feel for how to handle future situations. This is all about 'context' in here, and play construction.

Originally posted by JaLee

In KZ now. Wouldn't the play to be looking for pullback to go short?

Originally posted by jimkane

First place to look, the ABCD level. Where is that? Right here.

I'm trying to do the same. For a few years now.

Originally posted by JaLee

Yes, that is what I'm trying to grasp...the context.

Originally posted by jimkane

This is a bit too complex to explain here, especially when the action is heavy, but it is sitting on a huge area it is reacting to. A short is a bet that area will give way (or be more deeply retested). Yet the area may not indicate a new high for the move is coming, either. So it's about constructing plays within a situation like that. Given a layout like that, where are the likely movements, what do you think will play out, and then what are the plays for that. If I answer yes or no one doesn't get any feel for how to handle future situations. This is all about 'context' in here, and play construction.

Originally posted by JaLee

In KZ now. Wouldn't the play to be looking for pullback to go short?

Originally posted by jimkane

First place to look, the ABCD level. Where is that? Right here.

Well, when you read what I mentioned about 'context' on the one page I said and the time it takes to develop skills at this approach, I discussed how long it takes to get a handle on 'context'. First you get the basic technical skills, and you develop 'context' by experience (and some guidance) over many, many years. It's not something that lends itself well to regular teaching lessons. So in this case it is sitting on a big area. It's a low probability event to bet against that (right now, immediately, unless you have a specific reason to think it will fail). Like I said, I like to get on board trends that I can see, that have room to run (no bricks walls in front of them). But how the timeframes fit together, where plays can be constructed, that is a topic for hours of discussion. It's discussion I'd love to have, it's one of my favorite advanced topics, it's just not for in here.

Originally posted by JaLee

Yes, that is what I'm trying to grasp...the context.

Originally posted by jimkane

This is a bit too complex to explain here, especially when the action is heavy, but it is sitting on a huge area it is reacting to. A short is a bet that area will give way (or be more deeply retested). Yet the area may not indicate a new high for the move is coming, either. So it's about constructing plays within a situation like that. Given a layout like that, where are the likely movements, what do you think will play out, and then what are the plays for that. If I answer yes or no one doesn't get any feel for how to handle future situations. This is all about 'context' in here, and play construction.

Originally posted by JaLee

In KZ now. Wouldn't the play to be looking for pullback to go short?

Originally posted by jimkane

First place to look, the ABCD level. Where is that? Right here.

Yes, if you talked to Marcin for a bit he'd let you know what it's like to be a few years down the road in this process, to be at the battling to gain a better understanding of 'context' stage.

Originally posted by MarcinO

I'm trying to do the same. For a few years now.

Originally posted by JaLee

Yes, that is what I'm trying to grasp...the context.

Originally posted by jimkane

This is a bit too complex to explain here, especially when the action is heavy, but it is sitting on a huge area it is reacting to. A short is a bet that area will give way (or be more deeply retested). Yet the area may not indicate a new high for the move is coming, either. So it's about constructing plays within a situation like that. Given a layout like that, where are the likely movements, what do you think will play out, and then what are the plays for that. If I answer yes or no one doesn't get any feel for how to handle future situations. This is all about 'context' in here, and play construction.

Originally posted by JaLee

In KZ now. Wouldn't the play to be looking for pullback to go short?

Originally posted by jimkane

First place to look, the ABCD level. Where is that? Right here.

: )

Originally posted by MarcinO

I'm trying to do the same. For a few years now.

Originally posted by JaLee

Yes, that is what I'm trying to grasp...the context.

Originally posted by jimkane

This is a bit too complex to explain here, especially when the action is heavy, but it is sitting on a huge area it is reacting to. A short is a bet that area will give way (or be more deeply retested). Yet the area may not indicate a new high for the move is coming, either. So it's about constructing plays within a situation like that. Given a layout like that, where are the likely movements, what do you think will play out, and then what are the plays for that. If I answer yes or no one doesn't get any feel for how to handle future situations. This is all about 'context' in here, and play construction.

Originally posted by JaLee

In KZ now. Wouldn't the play to be looking for pullback to go short?

Originally posted by jimkane

First place to look, the ABCD level. Where is that? Right here.

Don't be shy about posting JaLee. If you come back to the posts from 2011 when I joined the forum you will see that I couldn't do anything more than finding ABCDs in all directions, yet I decided to post charts and treated it as part of my trading education. Besides, I think we all have a slightly different specializations, rat posts CFDs mainly, you are following ES as far as I know, and I major in FX, especially the Pound. So it will work to advantage of all of us if we cover as much markets as possible.

Originally posted by JaLee

Yes I am very sad that he is no longer going to be posting here. I can't believe the wealth of information available on this forum. I do appreciate everybody's else posts as well. I will absolutely still be reading and learning from everybody here, but since I am fairly new to the KT Methodology I'm not sure how much I can contribute to others; but I would like to still be involved.

Originally posted by MarcinO

As we could all read yesterday, Jim considered seriously quitiing the forum after what has been happening in public area for the last few weeks. Today he eventually decided to quit and asked me to inform everyone about that. Sad but true...

Every user of private area will still have access to it, but from now on we are on our own.
I am going to post as time permits and I am almost sure that rat will do the same. What about the rest? JaLee?