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Oh yeah, I too would have used a couple points below point A.

I too was thinking double top, however, in reminding myself to trade what I see and not what I think, the breakout was taken. Actually, I'm just saying that to sound like a trading hero. I was thinking double top, but my one little indicator that I use didn't show enough weakness. So, I...

I'm attaching a chart of 1m YM from 7-25. Where would you place your stop on this set up ? Of course this assumes that you would take this type of set up. I annotated the price at the breakout and the prices at possible stop levels at the bottom of the candles/pivots. The stops in...

LOL !!

I trade futures.

Wouldn't Dave have to post part of his book here to get you the answer you're looking for dbphoenix ?

Any thoughts on what you do in your trading, if you use 1m, 3m, 5m timeframes, when you have , for one example, a strong 1m long signal, the 3m is neutral and the 5m is weak ? Is waiting for all three timeframes to line up ridiculous ? How about two out of three ? Which two ? Hmmmmm.

On Esignal, when editing the Keltner EMA Bands, there does not seem to be a way to modify to the suggested 2.25 input. Anyone have any clues ?

Yes, thank you.

Brandon, or anyone else, what settings do you use ?

Very true Gotta Trade. I felt like an idiot today. Yesterday was my bad day so I wanted to make it up today. I stared at the monitors too much, (don't think I missed a single 1m bar form), made bad set ups look good, didn't take the good ones because I just had a bad one, and at the end of...

On the monthly SP Fib numbers: There is HUGE resistance in the 1165 to 1176 area. This is 50% retracement from SP March 2000 high to Oct '02 low and the huge pivot (or right shoulder) in the 1st quarter of '02. On shorter timeframe note: the 60m chart's rounding at lows coinciding...

Ahh, you're using premarket / 24 hr charts. Now I see.

Visiontrader, I too caught the late day up move. Actually it was my only good trade today. I tried to catch the lunchtime up move toooo early. Twice. Noting that our systems are somewhat similair, where did you see the short in the am ? I sure wish I would have.

This is a great question. How to put this day into some number pattern or mathematical measurement is not for me. I'll bet someone here can come up with it though to recognize it early. For me it simply felt like it. I think this comes from just watching the market day in and day out...

Can't wait for the weekly to slow down. Will it be a weekly correction or hug test of the lows ? So far though, weekly's lookin' good.

As traders we trade what we see, right ? Not what we think, right ? Here's what I see: if not short from the double top already on SPY then perhaps on a break of the trend line. See chart. However, weekly looks good. See next chart.

Love the analogy on the wife ! Vision, I traded with you the other day in the futures trading room. Got a little feel for you there. (it was fun by the way !) Noting that our styles are somewhat similair, you referred me to your Journal, Chronicles of an Idiot. I read through a...

Here's the 60m chart. An important point on divergences IMHO is that the divergence alone is not a reason to trade. Price action tells you when to enter.

This is what makes a market. Obviously there are differences of opinion here on 1m charts/divergences. I am going to attach a chart here of a 1m reversal with divergence that coincided with a 60m pivot. This is how I personally find 1m charts / divergences very useful. The stop for the low...