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You couldn't be more wrong. Im not selling anything? Ive followed ambush trades for a while and find them a useful trading tool. To each his own.. that couldn't be more true in trading. What works for you might not work for me, what works for me might not work for you. Just because two schmoes...

no ones here to flame anyone else... you dont like what is in the post? then move on. btw i trade with an infinity futures account w/ sierra charts.. just like the look of TOS charts better.

and if fundamentals are reflected in price and technicals is essentially the study of price, TA is all thats needed.

except that one was drawn before the fact

you were saying?I can find more where that one came from..

I have been trading using the fibonacci retracement in a setup I was told is called an "ambush". Basically it is when price retraces to the 50% line and bounces off. If it breaks the 61.8% it is considered to be a failed setup. The target is simply a -23.6% retracement. Has anyone else used this...

I wanted to start posting old school charts to show how far back we can find people using the ambush trade (although most of them did not know they were). For the first one I chose to go back to the stock market crash during the Great Depression. To do this within TOS you have to open the...

Just saw -122:1 NYSE market breadth and trin at 14 !!!

Right now the /ES is testing the 1072 ambush long. The failure of the long setup is at 1063.75. If this ambush long fails it should confirm the 1004 target of the daily ambush short. BANK is getting slammed, market breadth has been negative all day, people are selling low ticks, and bearish...

Is there a qualifier to make it smaller :D !!?!?

There is no insert image button. How can I show charts then

The bulls desperately need a shot to take back control today and it looks like their shot will be around 1072.25. This is the 50% retracement of a 15 minute ambush long drawn from lows at 1036.75 to highs at 1107.75. The failure of this ambush long is at 1063.75. If the bulls do not defend this...

There was some crazy action today on the /ES. All day we saw one setup hold and the next one fail. Right now it looks like the /ES is stuck between a daily ambush short and a 15 minute ambush long. It was a struggle all day between the bulls and the bears so it will be interest to see who takes...