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hope your dad is well. wish him all the best.

read again, and also read the following posts, it's clearly explained, he is using the previous low and highs of the 40WMA as an indication of where the next support or resistance is going to lie if price gets back around this high or low. He also said it's not a major thing, but something...

and for something totally else: I just saw double horns and a pullback in the weekly chart of Amazon

one more question regarding double horns yoohoo, what's the optimal point to enter them, is it as soon as price breaks the midpoint or is it as soon as it breaks the extension of a trendline you draw from a previous low and the midpoint. (hope I'm making myself clear here).

charly, he explains it here http://www.elitetrader.com/vb/showthread.php?s=&postid=1894789#post1894789

sold at 78 because of bearish engulfing

starting to look more like a stretched out triangle now

looks like we could be having a rev head and shoulders here on the 5 min, a few tails on the 30 min, we need to get above 665 though.

good evening and thanks for the help. in at 692, took profit here at 710

took the pinbar on the 5 min, couldn't resist it, but small size as I'm slowly getting into sync again. yes, always should put on hard stops, sometimes I don't and regret it later.

one of the most difficult things I find is when to go against a big move, this is often the cause of some of the big losers I had over the last few weeks. For example this morning you could have bought at the pivot point at 1.5776, yet you decided to pass on that one but instead bought the lower...

I got myself prorealtime-charts since yesterday and it seems since yesterday afternoon, for the first time in three weeks, I totally lost my connection with the market. Either it's this tricky market or either it's because of new charts, but I'm out of sync. Made some money this morning but...

ok, got it, thought it was that allready, but those false breakouts got me confused ...

GM CF, what triangle do you exaclty mean, because I seem to be missing something here ...

I'll try to keep this in mind, I was probably looking too much at the 1 minute which got me very confused around that time, gave back all my profits from this morning :D As they say, we live and we learn ... Still rather confusing environment, maybe CF you could shed some light on what you are...

caught me a few times on the wrong foot here, sold my long too early from pp, got short again, covered higher, got long again only to get stopped out 10 pips lower again ... all the different timeframes still make my head spin a little as what to do exactly, it's getting better, but still need...

CF, he is using the previous high of the 40WMA, the one around 5:10 GMT as a future reference point for the high 8:06 GMT. I got 52 by doing the same with the last low by taking the value of the WMA at the last low.

it seems to work for me, I think he is taking the previous high and if I understand this well, 52 should be a point of support on the downside (?)

grrr, went short at 87 saw the market bouncing up and down for about 20 minutes, covered at 83.5 and seconds later the market falls like a stone ...

took the pinbar on the 5 min at 65 short with the trend and covered at 51