humble1, thank you for the great posting you have done here at kreslik! your post are one of my must reads everyday.
airball
ben
ER2 charts
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Re: here is a good example of price action and reversals
humble1 wrote:this works in any time frame. the key is to identify the reversal points and to deal with them. no prediciting.
http://blog.afraidtotrade.com/the-sweet ... e-targets/
below is a diagram of the trend change setup, it was drawn decades ago, yet the method is the most dynamic of anything I have ever seen. Lots of work, and never seen anyone code it yet. That doesn't mean it can't be coded, just I haven't seen it.
if I am correct, the market is working on confirming breakout of the base and is now at point K just above the sweet spot in the data for the 3000 tick chart. we will see.
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bh_trade wrote:Yes, Humble1, you are a very talented chartist. BTW, watch for stops <790.60 as it now represents a h&s neckline/double bottom on the intraday charts
yes, I saw that. this needs to get movin or the bulls will bail and send it for another test of the lows. it may want ot close the morning gap on the 60 minute chart. mostly just range bound for now. churn and burn is the name of the game.
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