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Bottom of channel is about 70 for now (we are in uptrend channel) until we can get there it will be few points higher. Startraitor is right. I am not saying that we will get there but any trader should be aware about bottom of channel. Top of channel for now is about wawes 09.l

I doubled up at 82 and closed trade at breakeven +1 tick. Although we broke the channels top (now it looks like bottom support) it was retested very carefully. Experience learned me that by up breaks there are very rarely problems with exits at BE, in principe I have problem once in year with...

Short 70. No stop but I will average in depending on SPY channel (about 12 point up there)

Kingy, in this situation stop bellow such obvious target like gap close (if you were such hurry that you must in) is beginners mistake, it is not worth of you. You need pay attention what you are doing. My channells top is about at 1073.70 now - let see if it holds (usually to the top it...

You have stop bellow gap close? :confused:

We are closing gap on SPY boucing in 200 EMA resistance on ES. I can not see our case bullish although we have large momentum

Top of "my channel" (it is lowering) is recently about 73. I believe this can be target.

With this trade I agree, I will try short above 61 if we can get it prior 3.30 Edit. Is somebody brave to go long on emg singal up to 61?

1076. I am not saying that we will get there. I am saying that we can get over only if we break the trend - what of course happens but RARELY. I am including what channel I am trading. (I scalp for few ticks or points between touches on indicator patters, but rarely in middle grey zone).

Yes, i have nice channel that looks completely different like on time bars. If price is trying touch top channel, I am shorting it (4x during past 10 trading days) without stop, I will average in if necessary. If we are touching bottom of channel (11x during last 10 trading days) I am taking...

Tickbars, volumebars, range bars, you have time axe that is truth but when it prints bar it does not depend on time.

I am not trading time based charts. I wholehartely believe same do althorhytms of leading market players. We are in down oriented channel (about 60 pt wide) and until now price is extremely well respecting it. On Friday we were flirting with top half, today with bottom margin. I saw in 08 that...

Most irritating me is that one at 90.55 SPY. About that one at 68.07 we do not speak forl now.

We are here, now we can test the top again somewhere above 107.50. I believe upside break can be real.

Hm, we are on top of downtrend channel not time based. If they can break it than there will be not so much downtrend. If not, I see touch of bottom range of that channel somewhere about 105.80 SPY (it works better on SPY).

Most trading algorhytms do not use time based chart. And in world where time is not money we will start have big trouble with top of downtrend channel (in mid 90-ties)

100 pips upmove in seconds EURUSD?:confused:

I agree. If my account will be emg size I will try bite and hold for 100 point profit - however get in red 10-20 points is easy, few point stops are loss in advance. We bounced from 200 MA but if it will be not retested it is difficult jup to sharp V.

My oversold setups show support just in middle 60-ties-I will be not surprised to get there.

Like I see we have problem crawl above any important MA. This can be fake demonstrated weakness but otherwise we simple are heading down - may be retest the downspike. Right now we are trapped tightly between 2 important MAs so we need break up or down. I am sitting on hand and will try...