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What will happen on RSH?. Got two forks, but the bearish one is not only the longest fork, but also the one thats "in play" as it has two touches on its upper fork line, but looks like pressure could build up in this "energy coil" if a direction is not found.

Took some money off the table on BA + 3.75 points. Stops at b/e.

Broke and closed above a strong resistance point at 101. It's bullish, but after the rally today, I feel buying here might be buying at the highs, so I'll wait for a retrace if there is one.

There is nothing flawed about my statement. If you bothered to think 5 seconds about it before going on your little rant, then you might have come to the conclusion that the example I gave was to give the meaning of " I don't need to live through an experience in order to give a helpful tip to...

I like BBI's online rental service, but there is a lot of competition, and not just from netflix. If apple or amazon enter the online dvd rental market, kiss bbi goodbye.

I'm expecting about another 3pt drop.

Could you take a screen shot of your charts/ platform? Id be interested to see your setup. Thanks. kon

Interesting movement today on gs 15min. Found resistance on the blue bullish fork's median line, and landed on the red fork median line at the close. Thinking maybe we will see 132.

200sma and upper fork line are clearly a resistance level here on grmn.

is the OP of this thread no longer trading this method?

I've seen a lot of car accidents. Never been in one, but I always tell people to buckle their seat belt. GET MY POINT? Mind your own business.

Just would like to know, how are you scanning for your trades? Whats the criteria? and waht software? I use trade-ideas.com .

forgot chart.

Oh and here are some examples of dark cloud cover. Get a good understanding also of basic cahrt patterns, and that will help as well. I like to see price break above the red candle before I go long, because at least in my mind, as long as price is "inside" those bars, I ignore the trade...

If you're still working on being a pa only trader, I invite you to check out my thread http://www.elitetrader.com/vb/showthread.php?s=&threadid=29468&perpage=6&pagenumber=60 and FX4Newbies's thread http://www.elitetrader.com/vb/showthread.php?threadid=200455 which are very similar. We use the...

Chart 2. Stops: I like to place stops at obvious places of support and resistance. My first stop would have been the high of that doji PLUS .01 cents why .01 cents? because when it comes to making new highs and lows, every penny counts. Im serious. My second stop would have been at the...

Chart1. A simple trend line, nothing more. The second test is where things get a little interesting. 1. After the bar which im pretending was todays bar, we saw two down days of bearish movement...would I short here?...yes, sure..why not? Id be risking about 10 cents to make 30 cents (if i...

To Iron I've been reading over this thread again. As a price action trader I try and learn from other pa traders as well, and from looking at your chart from a while back I want to say this, if I havn't already:... Some of your long entries were done on red bars. A mistake imho While I...

Its actually a genius idea, seriously. Now I'm sure there will be some regulation as to who can play these markets so there will be minimum manipulation.

bump. I'm getting interested in these as well. Seems they do a great job of filtering out noise.