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looking at the SKF 60min chart we have strong timing resistance. looking for the doji to be engulfed for the confirmation... its just resistance, doesnt mean to short before you have a signal...strong trends can break through...:)

ES update... overnight selloff starting the move down. bounce off initial targets/support on the way down. :)

today hit some key price levels in the ES right on que with some timing signals. the first push up in the AM to the highs was a calculated move from the last sequence of waves up. it doesnt always work out as nicely as it did today, it also coincided with key price targets...actually falling...

that can be a pretty subjective thing depending on your trading and methodology especially for ellioticians. their guidelines can be too strict. but generaly speaking it can have a .618/1.618, .786/1.27, or even a 1/1 flat correction. alot of times those abc's turn into triangles which can be...

thats kinda funny because ive been trading for income for many years and the only indicator i use is a macd. but hey, maybe i should look into doing something else like working at McDonalds huh... happy trading :p

i do agree they can be a bit dangerous. along with fibs. tends to make newby fib traders try to force trades and frontrun the market...

oh wow lucas, impressed...:D

wow, mr jackson... did we have bit of a rough week in the markets? can i ask you a question, what is your purpose for being in this blog? im really quite confused. is it just to bash everyone? because i thought this was a blog for traders. if i can help someone with new ideas im all for it...

5min chart for entry off the 60 timing signal on fib extensions... i mixed them up again, oops...

i mixed the charts up so they will be reversed. the first chart i mentioned will be the last one posted

Fibs are my most important tools in trading, next to my computer of course. i dont know how anyone could trade without them or think they are worthless. for people who think that they are just a bunch of useless numbers they are just not in the know. i have hundreds of charts where stocks and...

today was another rally thats moves were working with perfect symetry in price and time. volume was light due to the holidays which made it hard for people who pick tops. patients is a vertue that is hard to come by when in rally days, odds are you dont know we are in a rally until its over...