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Eh... I am not sure if it's called a "key reversal" or what. The bottom line is... When a candle close is higher than the previous high and low after many candles of downtrend with a RSI/DMI/Stochastic/ETC divergence... That is a "reversal"... And, however the technical's are set up into that...

I'm actually bearish up to the election. I expect to see a few small 40-60 point rallies, but nothing that gets us much of anywhere... Continual daily lower lows expected through summer. Bear market rallies are pretty nice trading though. I'm going to be trading long like mad in every one...

Arrows... Those are leading indicators. All they mean is "prepare to trade within a few bars".

Engulfing bar that occurs after many downward bars. The upward engulfing after a A-B-C correction move is a very solid play. Atticus, look at this daily chart. Ignore the buy signal to buy the lows the last few days... This move is unlikely to go anywhere, and at most it only has an upside...

I predicted this market daily downturn on may 2nd and started a thread about it, just as I will predict the next uptrend when the technicals show it to be imminent. Time cycles are the key. ;)

Who the heck is Anek? A CME trader taught me how to read candle engulfments properly a year ago. I coded my custom engulf candles based after his rules. The current close vs the last couple opens and closes is really the key. I only use them on and off... I still love Ashi's but these have...

I love key reversals... The candle pattern that solidly confirms a trade... The naysayers are like "I see key reversals everywhere... Nonsense, it can't be backtested..." That's because they are missing and important key to the key reversal. Some of them matter and some of them don't. The...

If you trade like me... 15 minute to hour long trades or so max... And, I don't trade within 15 minutes of news events or open or close... The news is always completely baked in for me because of the way I trade. The reality of most news is this... During a selloff good news sparks more...

Well... I don't really pay attention to the news very much. Only "new" things matter. Everything is generally built in so you can just trade the technicals and not worry about news.

And, here is a vol chart... Same exact divergence signals... But, vol charts can be a great deal more confusing at times...

I have been looking over candles vs vol charts... With the market trading with mid volatility there is ZERO difference in the signals and patterns... Vol and tick charts are superior in very high volume/high volatility moves, and very low volume low volatility drift.

I use to do that a lot on the TDA chatrooms to the point a few people in there couldn't trade without me around a year ago... Different identity though. It got too distracting. Plus, they never learned anything... They have absolutely no common sense... "God damnit, when we are topping on the...

The definition of bull vs bear market is kind of a tricky issue of "context". To someone trading over years... Were in the 3rd year of a bull market. To someone trading over months were entering a sideways and potentially short term bear market. To someone trading over weeks or days were...

Yes, very true... But that also makes those short trades three times harder to catch than long trades. Timing a short trade is never easy. Timing a long trade accurately is generally a piece of cake in my experience.

Lets let the math speak for itself... This bull market has NEVER sold off without a divergence. Each selloff has been around 7-14 days... Once the market starts to top out on a divergence and go into a correction move all you have to do is take a quick break from the market and around...

I have decided to switch from 75% long trading and 25% short trading, to 90%+ long trading, and short trading ONLY when there is just no other option. Long trading is just so much more reliable and predictable. Buyers always come back in at predictable points and times. I have went over the...

As for my very long term outlook... I don't expect a major bull market run for around 100 days. About the only thing that would turn me long term bullish before then is for the market to drop down to around 1250. We could get some decent rallies if we get a major drop. But, I'm expecting this...

See what I mean about us running out of time on the hourly... Running out of time. ;) Everyone over the last couple days has seen the bullish divergence on RSI, MACD, etc... It doesn't bloody matter what system people were using... They saw the buy signals. This market has at most one more...

Time rules work just fine for me... Nailed it on the ES today. Were running out of time to pull off the lows though hourly. Starting to look like another big capitulation is coming soon. Volatility has picked up too much for volume charting so I switched back to time until the next major low...

I prefer the 116 SMA. I have a modified version though.