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11/28: SPY: -$49 QLD: $370

Where'd you get those numbers from?

You mean based on the $65.40 in the thread title? I picked $65.40 because it was definitely above the line. I know sometimes price will go a little bit beyond a certain level before reversing, so I just wanted to leave a little extra room.

It just touched. Now let's see if it keeps going up.

Last few months or so.

Forgot the pic.

After a gap down this morning, we're about to hit that resistance line again!

I thought he meant short term bottom.

I don't know anything about fund trading. Why would it be boring?

I did some searches and the consensus on the internet is that you talk a big game but have never posted any proof, PnL statements, or live calls. And there's the famous trading contest you dropped out of after losing 22% and coming in last or whatever. This is the #1 result...

lol, you're right. I should just believe people at their word because no one has any reason to lie about being a profitable trader at all I trade on a weekly/monthly basis. My charts are more than adequate for what I do.

Well not now, since the market is about to close :D If you can correctly guess market direction you don't need a prize.

Horizontal white line is previous R drawn from daily chart. This is a 2 minute chart: edit - I tranposed two numbers in the poll. The poll question should read $65.40, not $64.50. I tried to delete the thread but the forum software doesn't allow it.

Check it out, this one is better. Will resistance hold?

Make that 3.

Gotcha. While I don't think the time frame matters, I might possibly make an exception for daily charts since that's kind of a standard unit of measurement. In other words, I laugh when I see people arguing over 233 tick charts vs 234 tick charts (as if there's a difference), or 5,000...

Can you start a journal and post some live calls when you go "NOW"? I'm just curious how your long posts and complicated trading system performs in real time.

Oh I see. I'll pass, but thanks. I don't understand anything Jack Hershey posts in the forums so I doubt I'd understand a document of his, either.

Yeah, I never understood why people said the close is important. Seems to me like it's ignoring data. If price went above/below a certain amount, you can't just ignore it because it wasn't the close. It still tripped limit orders. It was still a valid price. Plus, if you use a different...

According to that chart you posted, the recent low was a BO of the same channel, wasn't it?