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what really helped me a lot was finding the right pt 1. If you have pt 1 you can just follow along the sequence of a trend. If anything in the sequnece does not occur i take my exit and reverse. Pretty much i know what is suppost to happen next.If that doesnt happen i take my cue to exit and...

10:00 short ,wash 10:20 Bracket BO long 11:03 sell long, reverse short 11:19 wash, reverse long 11:43 sell long, reverse short 11:59 cover, reverse long 12:20 sell, reverse short 12:47 cover, get long looking for first pt 2.

This is how i saw the morning rocket. Got short at 9:49 realizing that i was getting short on the second pt 3. Our pt one was at open, pt 2 @ 9:37, pt 3 @ 9:41, 2nd pt 2 @ 9:44, and i was shorting on the second pt 3. It then traversed the channels until it failed to traverse at 10:00. I...

test 1 worked for me:cool:

After redrawing my trend lines, it looks like it may have touched the left side. sorry.

I have a question regarding end of day rockets. Today, at the end of the day, we had a rocket short for about an hour. The rocket created a second pt 3(around 3:30) and failed to traverse to the other side of the channel. therefore, indicating end of short trend. The price then hit the right...

Just something i noticed. It seems to me that many things happen in threes in the market. I think it has something to do with physics and wave formation(harmonics) but i really dont know. Examples; -Icebergs usually fail on the third wave. -Rockets usually fail to traverse on the second pt...

This Fraud has allowed me to average 10 pts a day last month in the eminis and i am only improving. Have fun with your distorted views. I am just glad i am the one out of five. As i am a lurker, i just wanted to show that i am making very good money using his methods. As i became more aware of...

Jack, After rereading this post multiple times, i was wondering if you could please go more in depth with the statment above. Should we be focusing on the ratio of the duration of *time*? Meaning time is the variable to focus on first and that the ratio of time of long to short is affeceted...

Dunkin, The truth is if YOU dont put in the WORK, you will never figure it out. If you want to know what is going on, I would suggest on focusing on the first level(beginner). Jack stresses plateaus. Once you get the ball rolling on the beginner level, things will start clicking with an...

I have probably read Jacks last few posts about 10 times.......I wont lie. I am impatiently waiting for the next week to start.:D

Just a few thoughts. When i slalom an iceberg, sometimes on the higher money making slalom, it turns into a rocket. Before, i would exit and try to slalom the other way. I will now give the rocket the benefit of hte doubt and only reverse slalom when the rocket fails. jc

As i was thinking(probably too much), i realized that Jack layed out exactly what i should be doing now. I am not going to swing the bat any harder, i am going to deepen my reasons for what i am doing. Therefore, Jack, please disregard my requests to focus more on slaloming. The sequences will...

thnks dawg. I hope we get some new stuff too. good trading to you too. jc

dawg, where you been? i look forward too the daily journal but have seen an absence lately. Hope everything is going well. baggerlord, icebergs are exactly the same as rockets. the only difference to me is in the width of the channel. Therefore, when you have created pts 1,2, and 3 without...

Bundlemaker, For entries on the rocket, i use the peak of the 1 min macd or the 1 min macd xover as entries. If i miss these 2 signals(rarely) and the stoch enter the rocket zone w/ the price taking off, i will use the continuation strategy(enter, exit). this should help. jc

the 5 minute chart corresponding to my last post. Again, this was a little sloppy. sorry.

Just had a few questions regarding today. In the attached chart we had a short rocket with the first pt 3 made, the stoch then busted through the 20 not creating a 2nd pt3. It then created a iceberg short by bouncing off the 40 line. The flaw that was made was that the volume wasnt...

My First Alert Server also crashed today so i did miss the rocket:mad: . I hope everyone else is catching the short rocket though:)

Get out your chart from yesterday. Look at the signals when price fails to make the traverse. It happens after a rocket creates its 2nd pt 3. By looking at your 1 min chart at this moment of time(failure to traverse), you will see what the optimal point is to tack into slaloming through CCC. The...