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Time for the ignore button.

Prove the above. Show me your credentials while you are at it. Prove that you have some sort of competency and reliability since you have established yourself as an authority. There are plenty of hacks and amatuers around , so prove you are not one of them. Thanks.

I can see this community is not going to allow a thread like this without messing it up with intrusive off topic posts so I will end it here. I want to thank the one trader who did post a legit response. The rest of you need to learn to read so you can stay on topic.

I have read all the books I care to. Why don't you post a chart on your thread that shows how Trader Vic does it. Thanks.

Luck has nothing to do with it.

Fell apart didn't it? I can not tell what time frame your chart is? It looks like 100 tick or close to it. I have found those time frames to be pretty unreliable for eversal patterns unless the price action is at an objective support on the daily or weekly chart.

This is the QQQQ chart in log scale.

NQ weekly chart here. Log scale.

Ok, thanks.

Can you post the chart?

No problem. Actually his rules all apply to buying retracment moves after breakouts, so I consider this setup a bit un orthodox. Will watch with great interest. I presume this is the way you have it drawn?

Ok I see what you mean. The lower pline is still under the price action and comes into play near 35.40

At first I thought it was a buy signal, but the price action has not penetrated the red sets of parallels for the last two attemps, so I am not so sure. Anyway it does appear to be affecting the price action. Also volume here appears to be enough to mark a trend change. Consider this chart.

The blue lines are parallels drawn off the last two obvious peaks on the chart. It is my understanding that a new set of parallels is drawn each time a new peak or vally reveals itself. The red set has one purpose and the blue set has another. If you read the book, you will understand what is...

The topic is about how to trade any issue according Magee's rules for trendlines. If you have a comment about the topic, then please post it. If not, please just lurk. Thanks.

Here is the weekly QQQQ chart.

What do you trade? Stocks or futures or both?

Double top measurment was made today. 11164 resistance still has not held for support as yet.

If so I would like to start a thread using this method of analysis. Thanks.

There were some key spots hit on all the indices today, the bears just didn't have enough left to push it through any longer and they don't like it when the honey jar runs dry at key spots. I was wondering, are there any technicians out there using Magee's trendlines rules for trading? If so...