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780 was also daily SMA 9, yes? Good reason for the rally to stop cold there as well.

Great setup. Thank you for sharing. What type of signal might convince you of the turn (failure of double bottom) ? As I recall, you are fond of Williams %R?

The pattern you dubbed "Dragon" is what I would call a failed Dragon. The dragon pattern I am familiar with is a successful double bottom (or top for inverse dragon). The target of the pattern is the "head" of the dragon. To me, your pattern is a great way to trade a "dragon failure"...

The recent constrained intra-day range with strong support showing on the break of support @ 800 has me suspicious about a possible Wyckoff Shakeout. The low 800's held as support for ~4 months. I had always suspected it was a zone of accumulation. Unlike our prior stage of panic selling in...

I would find it hard to trade w/o volume in interbank FOREX. If FOREX respects S/R... PA trading might still be good. I only trade ES.

I saw the mad buying down at 823. Stopping volume worked and confirmed. How did you know the lions would unload at 823? Nice call! Stone

Our good man Volente_00 is great for these notable tactics: 1) T Day Theory - Long Bias on Tues/Thurs 2) 10:30 reversal 3) Flip Flip Fed Day - Day after FOMC announcement reverses the announcement day action Thanks goes out to the fellow for sharing his wisdom. Stone

Is there a post explaining the T Day boyz? :confused:

Where have all the PA traders gone?

Soros is a macro fund guy... Although Pek is not Soros, (and who is?), his market insights on trends of the day and the big picture are pretty damn good. He's not wishy washy about his expectations either. I found his ADU and SDD Day Trends to be useful. I'll require more evidence to consider...

I am not familiar with Demark. It's easier to be super greedy and fearless with someone else's money. I find I cut trades short much more often on my own account. I used to trade stocks & ES at the same time. I find it to be too distracting to manage multiple positions. I've switched to ES...

That was a hell of a call. Nice work! Stone

Did not enjoy trading today. Did not catch the right shorts. The day is worth looking at as a very good example of a Dragon. The middle swing nearly broke the downtrend line at ~13:39 EST. "Legs" of dragon were nearly a double bottom. Break of downtrendline around 3pm EST was dramatic given...

My interpretation of PA on Nov 21. This day reminded me of another friday we had of climax selling in October. When new lows were not made, switch flipped on in head that told me we were going up until close. PA did confirm this suspicion.

I believe 250

dshort.com 's comparison. technically... this looks pretty bleak. The .com'ers had it bad... but general market was okay. This is general tanking of everything.

Trading would be too easy if they didn't shake us out... =) Stone

I happened to be long at that point so I was exiting a long that was acting funny as opposed to entering a short. I too, entered short on the "bounce" that tried to touch the trendline. Anek had made comments about how a break of a trendline usually gave an opportunity for a bounce back to...

Does Anek always use the 5 sec chart for entries? I use the 25 tick chart sometimes... 5 sec charts are not an option for TS users. I may need to switch soon. Wasn't there a 3BR color coded paintbar indicator that was in the AHG thread? That tool would do a reasonable job of identifying...

My two cents on this topic from studying Anek's past charts. (I saved nearly all of them and refer to them from time to time). If you go back on your own trading system and plot horizontal lines corresponding to the 15 minute opening range of ES or any stock, you will find that quite...