I have no idea of the method you described. Please explain with a step by step description and charts. Thanks.
The failure for the dragon pattern didn't realize around 824, so we should be good up to 855-60, where the edge/height of the W is. Another interesting thing, I posted at the beginning of the year (and forgot about it): Last year it didn't have a very good record and it is more like pseudoscience, but if enough people believe in it....
Bradley has a very bad track record in providing the direction ... But they say as a turning date with +/- 3 days tolerance it works great
Im a believer Still shorting by the way -6 contracts but once it broke above 830 i bought 4 feb calls just for insurance check out the bradely indicator/ its like the farmers almanac for traders
Bradley is like a Black box, I don't know what is the logic, the algorithms, the rationale for it. But, we know about PA, TA etc, so let's use these tools to try to determine probable market direction and path. The way I see it --- market ran up to resistance, then came back all the way and tested yesterday's lows ( Tuesday) successfully, then bounced and consolidated sideways/up for about 2 hours, and then cleared resistance and 822/23 and broke above existing HOD and finished strongly, near the highs. To me, this indicates a bottom has been put in, at least ST bottom, and possibly IT and LT but we have to wait for the market to give us more definite answers in the next few days. Critical resistance points are at 850, 865 and then near 900, with supports at 830, 815, and Tuesday's low at 798. So, until further notice, a ST bottom is in place and markets should rally from here. We will take it from there in real time....
so we reverse at the r/s points? what if it continues.? following the trend does not require s/r....if one can read the chart.....
Hi everyone, I've just begun trading futures full-time this month and I am planning on posting my trades during the day in this journal in order to hold myself accountable. I trade from home so it can seem a little solitary sometimes and I often find myself losing focus during the day. I'm looking forward to sharing my trades and ideas with you guys in here. I've followed the journal for quite a while and wanted to thank everyone who posts in here. I don't know where these guys are now but I remember first starting to look at futures and learning a ton from apex, mbusch, and spooztop's posts so I wanted to thank them especially. I'll start posting tomorrow and can't wait to join the community and bounce ideas off of everyone.