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On what timeframe do you see the triangle? Can you please post it, if you have time.

Romik, what % of your trades/profit are intraday trades?

Gary, hows the weekend going? Reading about technical analysis, I see that the H&S pattern is considered to be among the most accurate. What is your opinion on it, as well as other reversal/continuation patterns and their significance vs. price action and indicators. I also read you...

You have a good point. But its certainly possible. I just dont think the average - or even above average - trader can keep his emotions in check to be able to do 30k into 150k.

I saw this in another thread from a seemingly well off trader. What do you guys think:

Maybe you can find something here. http://www.ncat.edu/~simkinss/econdata.html

That is, except I was looking on the 5.

Yeah, its not moving anywhere. Gary, pennant between the 2 gray lines?

Bye

How about shorting for a point or so, as it is breaking the channel?

Yes, it is excellent. Would you consider opening a position on at the bottom of the channel? P.S. Its great people are actually making money today. Romik, I was a little worried after that bad day you had:p

Hope it goes that low. It would have to violate the 5 min channel to do that.

lol, oops, I just had to drive somewhere for a bit.. Why 1314 in particular? My chart is pretty limited, so if there so obvious resistance from earlier on, forgive me.

Congratulations! Could have gone long around 11.75 on the triangle breakout from the 5 I showed you. Is there too much risk in that play?

You would therefore go long as it had broken out of it?

Would this count as a triangle on the 5 minute.

Is that a 15 TF? I cant understand how you drew the top line of the pennant. It just cuts through 2 shadows and does not attach itself to any particular starting point.

Thank You

Looks like you're all doing pretty well this morning. Romik, why the decision to enter at 1310.25, others felt safe going in earlier. Are you just trying to play it safe? Also, what does WRB mean:confused: Does B stand for band or base maybe.

I think Romik also looks at a shorter TF as well. Romik, is this what you have now?