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You guys were right. The triangle I drew, looked like it was broken, but then it just hung around for a long time. I took more heat on that trade then I should have or that I would normally allow, 3.5 points. But it held above support so I hung on and exited at 51.25. There were many times I...

Triangle forming. EDIT: Breakout to the upside. In 2 average @ 42. Target near HOD.

Averaged 2 in @29 Out @ 45. Used the 75% ME line for a target. Got a little worried on that retrace but like Mark posted, resistance became support. Time for a run and lunch. EDIT: Maybe should have held longer. Looks like I left some on the table, but I can't have that attitude I guess...

Did anyone take the small W bottom that led to the break of the larger W bottom. I got in initially, got scared by a little selling pressure got out, then got back in once I saw buying again. It's a nice trade so far, but could have been better. I'm hoping to let this one ride as much as...

I guarantee I should be more embarrassed than you. I had a $800 drawdown mid-day due to over trading in the chop. It wasn't until the nice down draft and reversal late in the day that I was able to work myself back to positive $100 for the day. That is my biggest problem right now is...

Well my original target was the 50% ME line, but I thought I could get a little more so I moved my target. Sure enough it hit 48.25 and reversed. Came within 1 tick of stopping me out b/e net, then hit 48.25 again and reversed. This time I got out for +3.

Triangle forming. EDIT: Breakout to the downside. In at 54.50.

tommi, Thanks. I took the long off the last bounce of that trend line. Good for 4.75.

Wow. How about that fakeout to the down side of the pennant. Anyone catch that. I took the break out to the downside but did not reverse, because I thought it was coming back to test resistance/support. By the time I realized what was happening it was too late.

I have a confirmed double bottom in my equity curve since the start of sim trading. :) I'm in an uptrend now.

I usually front run the W bottoms. They are usually telegraphed very well. I wait for the trend break like you said of the down trend, then a higher low and a break of the subsequent down trend line.

I suck. :(

I got stopped out on my long.

This is a long pullback; drawing a trendline, waiting for the break.

This is a little late, but there was a W bottom formed.

Got chopped up on the re-entry. Sitting on hands.

Triangle forming. EDIT: Breakout to the downside. EDIT: Out +10, looking to re-enter.

esu, IMO there are 2 things you can do with those trend lines. 1. Aggressively enter short or long in the direction of the trend when the trendline is touched. This will have a lower accuracy due to not having confirmation, but it does offer better R/R because you can make your stop...

Here's what I saw. The NQ got close to the 50% retrace on the last upmove on the Daily chart. Then a confirmed inverted H & S formed. I took the trade. Hopefully I can ride this.

Beuatiful W bottom confirmed on the ES. Doesn't look like much is going to come of it.