It was the best of times, it was the worst of times

[jrtrading]

Now it will be interesting - I may have picked the wrong direction.
(sorry for the bad image quality, if opened in new tab/window the resolution becomes better)

SPX.png

[jrtrading]

SPX.png

[jrtrading]

Hm.. seems like price is going back into the cone, not sure what to think anymore.

SPX.png

[MightyOne]

Hm.. seems like price is going back into the cone, not sure what to think anymore.

...from lines and to lines.

[dchappy]

Hm.. seems like price is going back into the cone, not sure what to think anymore.

SPX.png

When price is overbought , on the cone , I am looking for a sell signal .

[dchappy]

Hm.. seems like price is going back into the cone, not sure what to think anymore.

SPX.png

When price is overbought , on the cone , I am looking for a sell signal .

BTW , jrtrading ,.....did you notice that the cone was broken @ the 1-2-3 ?

[jrtrading]

Yes, I see it now, thanks dchappy.

[jrtrading]

Today I got the Wholly Craps book.

[v8power]

You had the right idea. Not sure where you put your stop or why you got out. But once price confirms on the smaller chart start working it up through the higher times frames. And that's how I trade yearly extremes with a 20 pip sl, haha and a whole lot of luck. You don't need all the lines that I put on my chart. Just trying to show you what to look for and see what matchs.

[jrtrading]

Thanks for your response, v8power.