[szubaark]

yes bottom of the bar with the arrow. the chart i posted is end of day

[DynamicFx]

Originally Posted by BlowFish »

I presumed it would be at the bottom of that bar.... where it broke the low of the previous bar. I might be wrong but that seems to be the notation that everyone is using.

Fair enough.

I've attached another reasoning, which includes pre-market data. There's two trendline overshoots and a possible wedge. The bar that reversed the overshoots was also diverging. So you'd be expecting at least two waves up, and price to stall at the beginning of the wedge.

I'm not too sure on these, but the pre-market data could also be showing a failed final flag, which also suggests a deeper correction.

[thetatrader]

A little abstract from the market. I must admit I got killed today after breaking alot of rules but still way up on the week. I had my mother here telling me how to be a parent and I had both kids 3&4, today should have just throw the $250 in the pot and said I fold lol.

Back to the abstract. I was out with some friends tonight "lot of drinks" and some thing came up that I had thought about before but did not wright about. Two weeks ago my bother in law's boat was broke and he was hooking it up to the the truck and taking to the "Boat guy" So I said whats wrong with it, He said won't start. I said let me have a look at it "all motors are the same need air spark and fuel.all markets are the same need buyers and sellers" Had no spark did not even have a crank, going to be easy. I ask got a test light? "rsi, cci, sto.ect." before he answered I had traced the wires to the started and found the blow fuse and had pulled the wires apart and jumped them and said give it a go. Verm. started right up. that was it. Well tonight Bill "brother in law" was bragging "After many drinks" how much money I saved him ext. ext.

I didn't see it that way I justed looked for the simplest solution, I had no tools so I was looking for the simple. the key is most thing are simple the dig problems are less likely. But we are always looking for the big problem, or the complex. It's just not the case, things happen over and over because they have too. once in a while it will be the big thing but thats what stops are for, and it is a 50/50 you will be on the right side any way.
happens over in over in life. And we almost always say it can't be that easy. I mean I, we can all think of problems over the last month that we thought might be complicated and they are easy at least to the person with the right frame of mind.

well thats what the brooks style has given me "keep it simple and look at what the markets doing and telling you"
Not to give Brooks all the credit but he came along at the right time and at the right frame of mind for me. As Buffy from daCharts e-mini index futures chat community and charts always say's it all works if you learn it.

Sorry for the babble, hope it helps.

[DynamicFx]

Wedge and FFF.

In and out within seconds, as even on demo the tick value is too much for me. Is there any oil instrument or derivative that can be traded with a smaller dollar value per tick, that moves similar to CL.

Thanks.

[ACS]

Originally Posted by DynamicFx »

Wedge and FFF.

In and out within seconds, as even on demo the tick value is too much for me. Is there any oil instrument or derivative that can be traded with a smaller dollar value per tick, that moves similar to CL.

Thanks.

Look at USO, do not trade the QM futures it is too thin.

[albrooks]

Hi, everyone,

I am considering maintaining a site and have begun working on one yesterday. I am new at this so it isn't very professional. At some point, I may have some kind of subscription service but I am not certain yet if I would be able to commit to maintaining it long term. I will not do it if I feel I cannot make the commitment.

Here is the link to the site:

brookspriceaction - Home

I apologize for it being in its infancy and not providing much information but I will try to learn more about maintaining a website and then try to improve on the information that is there.

Thanks,
Al

[ACS]

Originally Posted by albrooks »

Hi, everyone,

I am considering maintaining a site and have begun working on one yesterday. I am new at this so it isn't very professional. At some point, I may have some kind of subscription service but I am not certain yet if I would be able to commit to maintaining it long term. I will not do it if I feel I cannot make the commitment.

Here is the link to the site:

brookspriceaction - Home

I apologize for it being in its infancy and not providing much information but I will try to learn more about maintaining a website and then try to improve on the information that is there.

Thanks,
Al

I would not expect anything that takes away from your trading or mine for that matter. The one service that would be most helpful to me would be an e-mail (or web access) after the close of your marked up chart(s) for that day with a little commentry like the first day you have posted. Also it would be great if you could post your list of corrections to the book on your site since Wiley doesn't seem to want to do so. Finally I hope any fees are commensurate with the ability of a beginning trader to afford them. Looking forward to your efforts!

[rangerdoc]

Originally Posted by ACS »

Finally I hope any fees are commensurate with the ability of a beginning trader to afford them. Looking forward to your efforts!

That's always a tough one. You get what you pay for. Unfortunately, beginning traders can't afford quality mentoring or any other real-time access to successful traders. Basically, we need someone to be charitable by making it affordable to beginners. That's asking a lot.