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TY! Jim might still win this one, as he said it would finish in black, but daily TL's been broken at the moment and divergence based average retrace range is way down below. Let's wait, it's retracing at the moment.

<img src=http://cache.viewimages.com/xc/1601953.jpg?v=1&c=ViewImages&k=2&d=17A4AD9FDB9CF1939057D9939C83F10616B7D0BC3A0FA71F5A5397277B4DC33E> -------------------------------------------------- "TRADE WHAT YOU SEE" - Master Osorico

Hang Seng down over 2% from the word GO.

There is no point bragging about skills, unless you can display mastership. You ask any pro to do a little display and he will for the love of it. Jack & Co seem to go on how wonderful SCT is, though when asked to show us a bit of it in action they decline, various reasons are given, you are...

Nobody volunteered to post in real-time when I suggested that, considering amount of people using/researching SCT I would expect that some paper traders would at least volunteer as they would not be losing any money that day by doing so. Instead, I was told I am a lazy bugger and should do my...

ImE that is not entirely so. Shakeouts/squeezes yes. What happens to me very frequently is that I might trade a bullish pattern off 3 minute chart and if I don't adjust position size taking into account wider stop, then I keep stop same as if it were a stop on 1 minute chart's pattern...

I heard somewhere Jackie Chan is all short

Go tell that to Apex82

Martingaling is shit.

That depends where price breaks out of ImO. If you refer to a certain congestion zone breakout buying Lo, then I agree, buying breakout near the Hi is a different matter and is probably worst r/r.

Alright, as a bet I will take an opposite side. I don't believe markets managed to find any sort of bottom on Friday, in fact the complete opposite ImO has taken place, in light of what world markets are showing - weakness/uncertainty (especially Hang Seng considering it's unrealistic growth...

I always have intraday pivots on charts, the more you study real-time/historical charts the more value you might derive from using pivots. Many a times S2 will provide solid support and vice versa with R2, look out for weaknesses below intraday pivot by way of spotting wedges/pennants perhaps...

Priceless statement!

http://stockcharts.stores.yahoo.net/teanoffimajo.html

Inverse H&S on 8 hour chart (USDJPY)

So guys, let's have a bet for Monday, just for fun.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1714344>

Scaled out 2/3 +2.75 1/3 -1.5 nothing but hope left

Long 1487.50 -2.75 ET's servers suck Long 1483.5

If you happen to 'stumble' upon an edge of trading just opening range, then there is no requirement to carry on. There is no real purpose, at least ImO. You are not wrong, I am just pointing out a possibility of not having to trade all day long.