ES Journal - 2013

Like I said in my post it is based on the megaphone and / or broadening top pattern. If u buy into the theory behind them then the setup is there.

 

liked the chart murrica

 

thanks -- notice how you can superimpose the 'sample' megaphone almost perfectly over the current Dow action.

edge or not, it will work or it won't, by chance or by algo-fulfilling prophecy, who knows. jmho.

 

Time for eduation....

If the broadening formation was hitting the top and you had a downtrend, you got a potential edge.

If the broadening formation was hitting the bottom and you had an uptrend, you got a potential edge.

All else, no edge.

 

there are with trend and against trend moves,against trend(reversal) usually happens at supp and res and with trend in between

 

example, i see your point

 

Ahh, you're probably right man, thanks for the lesson.

 

sh 7. 5 for a scalp

 

out 8 5

 

out at 1804.5


short 1804.5 full position