Starting it off.

Al

Good work AL. Many long term Pros I know use these MA crosses exclusively. With your use of Fibs and Median Line, along with the MA's is compelling. Lines and fibs for potential trade areas, MA's to confirm. If that is the way that you are using them, it is not different from Jims approach. Nor would using MA's as a initial trigger and fibs and lines to confirm. Either way I like your style!!

Originally posted by albert

rat,

The 50 and 200 mas on my charts are simple moving averages.

Al

Originally posted by rat89

Al - the ma's are 50 and 200? ma or ema?

This could be a 1000 pip trade if the weekly CD = AB

Context.




Late entry but definitely adding to this trade.

Same Trade, Schiff Median Line and deeper 88.6 ret. Weekly Doji at .786, compelled my long, this is the if not scenario, still long term long.

Getting close to stops.

nflx 60 - at the retest low on June 14, price violated the lower line of one of the blue sets, but not the other, and hit fib. the thin red set is a parallel set to the blue set that catches the retest low. The thin red median line was hit yesterday at 375.00 with fib in place. The second chart is cleaner and shows the retest violation and target hit at median line. see the second chart...

Duane,

Thank you, thank you very much. What I am doing seems to be working for me. Thank you again for the compliment. Duane, you, Jim, rat, Marcin, and all the other Kane traders have done very much to help me, and I certainly appreciate it.
Al :--)))

Originally posted by Duane

Good work AL. Many long term Pros I know use these MA crosses exclusively. With your use of Fibs and Median Line, along with the MA's is compelling. Lines and fibs for potential trade areas, MA's to confirm. If that is the way that you are using them, it is not different from Jims approach. Nor would using MA's as a initial trigger and fibs and lines to confirm. Either way I like your style!!

Originally posted by albert

rat,

The 50 and 200 mas on my charts are simple moving averages.

Al

Originally posted by rat89

Al - the ma's are 50 and 200? ma or ema?

Paper trading. Made some on GILD (Gilead Sciences, Inc) with long weekly calls. Got out too soon again.


All the Best,

Al :--))





Fibos on this next one are BCD =1.272, meas1.229.

Lots of great charts guys!
Nasdaq might be done for today, but tomorrow it may get down to 7475-95.

My best case scenario for a supposed current corrective wave is a reversal at 7680-90.

Current structure of Nasdaq on 1-min chart is either a 3D to the support I was counting on to work out, or an attempt at making another wave down.

rat,

Thank you for sharing your work. I am studying your JPM chart with the intent of learning from it. As usual, your work is awesome!

All the best,

Al :--)