HG, I know you're getting plenty of ass-kissing, but thanks again for spending the time here explaining your methods. It's simple as hell (learnable in a day), and very profitable.
It's late and I am going to bed, but I thought I should mention this stock before I do so UPS This stock is a buy at 74.00 We have a double bottom failure which has already reversed, and we are close to a buy signal. I've added something that bulls eye trader also does for you. On the right hand side you will see relative strength in a pnf format. Normally if you get a buy signal on price and an x column in the relative strength things are good. When you have this and a double top buy breakout on relative strength things are great. I am going to definitely put my order in tonight. We should get a quick pop to 79 if our 74 gets hit.
Hey, just came across this thread, going to go back and read it from the start but for anyone who knows - does the technique HolyGrail is describing here work for short-term (intraday 1-5 minute) ES/YM trades?
Triple bottom broke on ES broke about 9:49 eastern. Are you still in trailing that stop. This one is a home run.
Just stopped out on runner with ten points. Very nice trade. You never know which ones will do this you just have to take the trade and manage it. I hope you guys tried to trail your stops on this one.
I just took this potential failed double bottom on the .5 on the reversal. I don't normally do this, but because we are also bullish on the 1.0 I think this will have a good result. My stop is at 1347 so if I lose it will be a larger loss than normal. That stop loss is based on the 1.0 chart turning bearish.