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Well yeah, that's the way it seemed to me too. :D

Actually, I didn't notice that you hadn't told him you're a trader. In that case you're probably over reacting, he probably thinks you lost your job. But as to the stuff I said, it still stands that I've heard many stories of people who lost friends after finding some success in life.

I tell you, I'm still surprised at how common it is to find successful traders having this sort of problem. Not that it's common to find successful traders of course, but you know what I mean... ;) I think a big part of the problem is that you do it from home. When you imagine someone...

Another question: On the boxed in area there are 3 lows. You have the third low labelled as a buy, and I have no questions on that. However, I wonder could the middle low have been a buy as well? It's not quite a DB but very close, and the histo bars were diverged and then crossed above...

a question... On the right of this chart, the last high around 10:00 time. Is that a valid short signal? Your histo bars are diverged significantly, then they break below the zero line. Or do you skip that trade because it's a higher high, rather than a DT? Just trying to clarify.

MF Do you have any insight into how to calc A levels? I assume it's something you have to get a feel for by watching the market. Not asking you to divulge what you use (it will likely be different for each person depending on their own preferences anyway) but any insight would be nice...

Just to prove I did get one right once in a while. I think I drew this in on Tuesday last week as an experiment... SPX daily. Looks like a bear flag.

Here's an example of why I'm not trying to do this on intraday charts anymore. I've attached a 2-hour chart of 6E. This is something I tried to make sense of while it developed. It also shows that higher timeframes can be noisy and choppy just as well as smaller ones. Without going into...

No - not giving up, not by a long shot. I didn't mean to give that impression. Just dropping the intraday channels from my trading is all. It's a lot easier for me without them.

I've had similar thoughts. If Wall St is able to get away with so much and buy their way out of anything, then surely they have way more clout than a nurses union, right? If Goldman Sachs really is the all-powerful evil empire that secretly owns/controls everything in the USA, then...

So, has anyone had success trading channels as were discussed in this thread? Just curious, because I haven't. I had been simming on 6E 5-min charts and my hit rate kept getting worse and worse until I became too discouraged to continue. I thought using the channels might help me but it...

Looks like a symmetrical triangle... When it comes to the volume... I notice the last three selling days on 8/18, 8/19, and 8/25 had higher volume than the last 7 buying days. Seems bearish. However, the last 4 buying days (aug 22,23,24,26) are equal to or greater than the prior 3...

EUR/USD 1-min chart from Friday August 19. Just for fun, trying to see if I understand this. It's interesting, but this is just one example I picked that worked in hindsight. Every downtrend is a series of failed double bottoms and failed divergences, and choppy markets will produce the...

Agreed. I have a trader friend who has told me that as soon as he heard they were going to ban short selling back in 2008, he was telling everyone he knew that we were going to have a market crash. The thing is short-sellers have to buy to cover, which in turn does support the market. If you...

100 - .86 = .14 not .23 :) Still a little confused... :confused: --- EDIT - I see Thales already noticed it. I didn't notice that post until after I posted mine.

I am still having a hard time making sense of this. A double top/bottom with indicator divergence is simple enough. But I don't understand all the talk of .86 retraces when in most of the cases you're circling 23.6 retraces. See here: And you said: first trade, left side .86...

This is great stuff, keep it coming. LEAP - How did you come to know the Xpurt?

Neither have I, apparently. I've experimented with horizontal time ratios and seen some things that piqued my interest, but haven't put any of it into practice yet. Well, I'll say yes, but I'm still learning how to spot the good setups. I tried the snake oils and figured out pretty quickly...

Thanks. By one ingredient, I assume you mean the channels. I'll have to get to work on the other 4. If you have the time, any insight on how I could do that would be appreciated. :) On your previous post.... Ok, I get that part. Here things get a little fuzzy. I think I can figure...

Any thoughts on this chart? --edit-- sorry for the double post of it, already saw your reply in the other thread.