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That makes a great deal of sense I see what you are saying now very helpful thanks

book on BSC is 93 I believe :-)

or should I say 'if the price action displays fractal tendancies'

if the patterns are fractal - wouldn't a pattern manifest itself on the longer time horizons as well as the shorter ones? if they don't -- how would you know what time frame was appropriate for the pattern?

because the triple top says ---- 'buying interest is exhausted so go short' ?

' .......very interesting --- so you trade 'against' (contrary to..) the patterns and in this respect you are trading against other traders... not the mythical 'market' ok - so clearly Im new at this

Do you want to know why you see so few triple tops or bottoms? It's because a triple top is no longer a triple top when the double top is exceeded and vice versa. so, no such thing as a triple top? (serious question)

I thought the reasoning here was -- the more data points you have --- say hitting support 3 times instead of 2 --- the more data points - the more reliable the information is that not so?

I dont understand this reasoning - can you explain? or were you joking (serious question)

OK - so I sit down every morning at 8am and write some notes about the upcoming trading day. (Got the idea from a poster on ET) Here are my notes from this morning - (so maybe this whole 'support/resistance' concept is a matter of belief?) Franklin, Dewey and Peirce had some interesting...

I beleive the last 2 recessions were over by the time they were actually defined as recessions

The video lends alot of credence to the US Navy's assertion that the guys in the little boats were making harassing moves I think the only thing that saved those guys lives was the current rules of engagement the Navy follows in a true war zone they wouldn't have gotten with 10 miles even...

from the audio track, I would say our guys were very polite and respectful in informing the guy in the little boat he was gonna get blown to smithereens if he didnt alter course

http://www.cnn.com/video/#/video/world/2008/01/08/sot.iran.us.defense.dept.DOD ok - so the Iranian Navy doesnt have very 'big' ships hehe

My approach is based on breaks and/or pullbacks of specific spots on a chart. If the trade entry is confirmed, -2pt initial stop is fine for trades that have potential. If I force a trade, anticipate a trade or fade the directional bias, a -5pt or even -10pt stop isn't going to make up the...

Thanks - your reasoning makes sense to me I have been experimenting with bollinger bands - to determine change in direction and trying to confirm it with $TICK >800 or <-800 and $TRIN trending up or trending down to confirm the direction Today was a very bad day for this experiment...

Im new also --- regarding this: 1) Initial stop -2pts from entry fixed 2) Trade goes +2pts in favor, trail to entry = par 3) Trade goes +3pts in favor, trail to +2pts from entry 4) Trade goes +4pts from entry, Trail to +3pts from entry 5) Trade goes +4.5pts or greater, trail to +4pts...

I was live testing with real money using Bollinger bands today I bought an ES contratct at 1433 at 10:26 am with a stop at 1428 lol I dont think it ever saw 1428 again after the stop out at 11:12 lucky for me my TOS account was not funded yet -- takes them a day to move the...

Your loan and my loan were sold long ago and bundled into a mortgage backed security and sold --- somebody in South Korea probably owns the paper now Since the guy across town who has no job and should never have borrowed the money in the first place --- and his defaulted loan is sitting next...

I would agree If you anticipate a world where all contracts are reneged on ---- best bet is a small plot of land in the mountains, an assault rifle and lots of ammunition