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What I meant was knowing now that there was a double bottom 3 years ago doesn't help. Identifying it then may have helped.

As you know from my profitable journal thread(s) I currently have a system that I'm using but I'm always interested in other systems that I think may bring something to the table (or simplify something). I recently read this thread by IronFist from 5 years ago. Basically he was going long...

Wouldn't it have been a double bottom back in 2009? Also, can a double bottom be sloped down like that?

What do you think?

This is the biggest scale there is. You can't zoom out any more.

Not much has happened in the last few months:

This trade isn't really going anywhere. QLD: $1,550 Feb 15 option proceeds: $58.50 ------------ $1,608.50

If you would've bought AAMRQ when I made this thread you would be up over 1,110% now.

As soon as we break out of this range it might be a little more exciting. 3/13/2013: QLD: $1,466 Feb 15 option proceeds: $58.50 ------------------- $1,524.50 I may sell this position soon and start over.

3/7: QLD: $1,496 Feb 15 option proceeds: $58.50 ------------------- $1,554.00 I know this trade isn't as exciting as some of my other ones but sometimes you have to be patient.

If you have a method that can identify chop ahead of time, you will have the holy grail. When price starts moving in a certain direction it can reverse at any point. That upward (or downward) movement of a certain amount may be the beginning of a huge trend or it may reverse the moment you...

Every so often I get an email from OEC wanting me to stake some trading class. I just got one today that is "Presented by Trade With Precision" and says this: I figure it's just hype and they're not actually teaching a profitable method, but it says it's an "advanced" class. "Creating...

2/26: QLD: $746 Feb 15 option proceeds: $58.50 ------------- Total: $804.50

Whenever a forum changes people always complain because it's a change, even if eventually they realize the new format is better. As a huge internet nerd who is a member of many forums (some of which are susbtantially larger and more active than ET, which doesn't even make the top 25), I will...

Whoa, this thread disappeared when the forum changed but now it's back. I'll continue here now.

2/15/2013: Options expired OTM. QLD: $1,182 Option: $58.50 ------------------------ $1,240.50

2/4/2013: QLD: $739 Options premium: $58.50 ---------------- $796.50

2/1/2013: QLD: $1,152 Options: $58.50 ---------------------- $1,210.50

It'd be cool if someone demonstrated it. I understand though that, if you're a trend trader it probably makes more sense to enter in the direction of the trend the moment you identify the trend. If a trend will last for a finite amount of time, it makes more sense to get in earlier rather...

1/30: QLD: $950 Options premium: $58.50 ---------------- $1,008.50 16 days til expiry