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oh well we didnt hit the 1570. but yah there is space for a "correction" could see it going down to 1450 possibly lower over the long term but im not sure that i would call this a correction, rather a normal movement within the its trend..

any body with alot posts have any experience with them ? any one got paid from them ? i dont see how one could hand over cash and not know where it is going especially without an office, i thought they were in D.D.O in montreal ? i need a prop firm but have difficulty handing over...

ps. gold !!!!! wohoo lets break 1570 for papa posted that i liked it few days ago!

is my first pick . i put in on this forum http://www.elitetrader.com/vb/showthread.php?s=&postid=3213786#post3213786

if it crosses the green and back it to the red it is considered a loss. this one is supposed to just go one way , up or down.

here is my first pick . not expecting much this on took me all day to do. Unfortunately it may be a bit more long term I know it looks like its easy. but as you all know trading is never easy or luck. this was based on 12 hours of research ( and strategy development hope it come out a...

I have not been very active recently. However, I have been busy. My issue is that not only have my simple basic questions been answered, I have also realized that there is no information around about many of this stuff. If there is, it is often contradictory. So there is no exact science to...

I was for this as i see it is used alot. but when i look at chartso n my own i use all frames starting with the max al the way down to the 5 min. Im not sure what my favorite time frame is yet but am rying to get used to the the 5 min.

Yes I really like this chart. what are your thoughts on it ?

ok well what i see is a buy in an uptrend after price hits support of a channel.. is there any other indication to buy besides the a bounce off support ?

IS this normal? Uploaded with ImageShack.us

he also owns coke, i imagine it is where he parks his money for now. but i looked at the chart, it has a break out about a year ago from a long channel and has created a upward channel. with in that uptrend we are heading towards the bottom but i notice that it is very influenced by the...

I didnt do much today,talked to a friend that bought the Japanese company that was in charge of the nuclear plant. they supply 40% of japans nuclear power. he bought after the problems and today was rewarded with a 30% gain !!! I used to look at investing in this way it mainly required...

gold seems to be showing some sign of life again, but we were once again taken back quite a bit. i started a new thread that deals with more basic things. Its too time consuming and my writing skills are not good enough. but it is exploring some basic concepts. I dont know why it s so hard...

OK. The first set of rules has come out, by adding to it we can slowly paint a picture that takes in to account basic, medium and advanced concepts. I understand I'm not the worlds best writer. And I know at times my posts are incoherent and long. The goal here is build a knowledge base that...

1. Making Channels A) In a downtrend, first draw a top line connecting the highs (TL, or trend line). Then draw a bottom line that is parallel to the top line (this is called copying). This line encompasses all the lows. *** B) In a uptrend, we first...

Now we move on to the next post by metal. From time to time I will reorganize the rules. Metal shows a chart and suggests that trend lines are more of an art and to find an area that works best. His first channel indicates that he does not adjust his trend line. This can be seen by the...

RULES FOR CHANNEL's To create a down trend channel 1. 1st draw top line connecting highs 2. Then draw a bottom parallel line (copy). For the bottom line use the lowest part of the channel. {we are assuming we only need 1 low point at the bottom} To create a up trend channel 3...

maybe what he meant by in between was in between the 2 high points. In this case would it be better to say that in order to make a channel for a down trend, we first connect the 2 highest points. and then copy it to the lowest point. Or do we need to have 2 low points. His trend line...

For #3 you are correct it should read in an uptrend we first draw the bottom line As for #2 it makes sense what you are saying, I'm just having difficulty understanding why in the first few posts of "A simple price action approach on his chart he says that we should us the down swing at the...