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

Bingo, they got the 47.25 high.

There isn't a lot of time left, but if they really wanted it, they could get that key area I mentioned.

Yes, but after the fact. LOL.

Originally posted by jimkane

Starting to see this, folks?

ABCD on European open?

First one sees it after the fact, then perhaps by scrolling charts to see it as it unfolds that way, then they see it in real time, then they trade it in sim real time, then they trade very small money (if they are financially able and they make the decision on their own), then if they are successful they slowly increase size, and if the success continues, they keep that up until they are at the size their plan calls for. In summary (there are a lot of additional details) that's how I teach it.

Originally posted by JaLee

Yes, but after the fact. LOL.

Originally posted by jimkane

Starting to see this, folks?

Another ABCD here to watch.

I'll be posting one more article after the close, in case anyone wants to read it. I'll post the link when done. Votes would be helpful.

Given the time of day and such the methodology, as I view it, would have most of the trade closed on the reaction to the high, and perhaps a little still on to see how it reacts to the ABCD. Myself, my style, it was done as it rolled off the high.

Overall I thought there was some good trading potential today, but you really had to look very-short-term and not expect any big trends would emerge. If they did and you were jumpy at key spots, you'd miss them. If you played for big moves and gave it a lot of breathing room you'd be giving lots back and maybe getting frustrated. It takes a lot of work, time, and practice to be able to have a good handle on what the best choice is for plays at any given time. You will never 'master' this, the only realistic approach, I think, is to keep trying to improve. Just like trading itself, we are all destined to be forever 'students of the market'.

a minor gap down tomorrow and stop run up would not surprise me. Both sides are too jumpy in this area. Meanwhile gld and gdx came back in to the .382 today. Goldbug bear trap?

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?