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http://www.elitetrader.com/vb/showthread.php?s=&threadid=72864 This guy deserves a standing ovation. One of the very few that posts legit setups before hand and posts the results. Good luck getting this thread to come close. I decided it isn't credible and is not worth following any longer.

Perceptions drive trading activity that create the patterns and momentum. With all the different types of traders and time frames, market action is driven by more than just patterns and momentum. Momentum is created as a result of mass perception from and endless source of physical sensations...

Why do you believe this? Is it possible your beliefs are misguided and therefore cause you to use incorrect tactics? Is it not also possible that the technician did a poor job in the analysis of the pattern and therefore leads to a situation that is unexpected? If so, then it is also possible...

What premise or fact says patterns have to work the way you want them to in order to become profitable?

Define exactly what you mean by "work" in the above examples. I am confused.

The thread looks OK to me. Monthly and quarterly charts help me to find the most important spots. New traders often have a problem with patience. Imagine having to go a whole month without finding your way in this bidness. Took me years just to figure out that I have years more to go.

Thanks Lamont.

The volume action on the GOOG daily wedge I posted did not really confirm the pattern. If you look at the weekly GOOG chart I posted, I left the daily wedge up in purple and you can see it did not really fit the scenario well, but it still had four distinct reversals. The brown wedge on the...

If you want to draw the longer term view, this is what I suggest you use. Your work just doesn't make much sense.

Your wedge appears incorrect to me. This is how I believe it should be drawn. As it is, there was a perfect tactical short setup, and plenty of time to manage the trade to get out of the short and go long on the next breakout.

especailly after the fact.

I had a HnS breakdown on the Wilshire earlier that had not confirmed yet. The volume action sure does stand out on this.

It's there, and volume is drying up as it progresses. Usually not a good sign for the bulls. I like to let them go ahead and breakdown and then short the first reaction if possible. A short can be taken inside the pattern at the right spot if you are on top of it, but you might get stopped...

It would be off topic to get into what I think my grail is, so I am not at liberty to say. But it is has nothing to do with technical analysis or any technical indicator. Actually, I think grail statements are unprovable by definition. What would be considered "difficult" to one may seem easy...

I have no grail, nor have I made any statement to that effect. Your work is interesting but it has nothing to do with B1S2's statement. this should be obvious, I am interested in legit trades that define the entry trigger, the stop, and the target all in the same post real time using the...

The grail by definition is "the object of an extended or difficult quest" This means, there has to be evidence of a genuine diffcult pursuit, or effort displayed first. What is so hard about posting winning trades after the fact? What does the above prove, besides the obvious?

Obviously I am not convinced just because you say so and you have offered no proof at all. If you have, then I haven't seen it. Just post the proof.

there is one, but it isn't a technical inidcator, chart pattern, or anything else most think.

Not much grail in that trade eh? Lots of BS was stirred up though. BTW the 1305.75 was hit before you posted the short. So no stop was hit and no target was hit, and still no clear answer whether you closed the trade that you personally posted. No matter. 1305.75 marked the peak of the...

Did you not close your short from 1297 here?