Happy New Year to everyone! Wishing you all a very happy but more importantly Healthy 2017

I think Fibs, are relatively easy to eye ball since it's just a percentage retrace of something. So I don't actually put them up on my chart. Nothing wrong with it, but certainly for me would play a much smaller role in any decision making process ...

I asked people to vote on twitter if they think the dow will close above 20k or below by the end of 2017 here is an interesting dow chart of the last 100 years with NEW presidents and their inaugurations I don't really "trade" of stuff like this, ...

Good to see you C, happy new year Mike

I know many still do in the J16 group Best Mike

yes I had a few extra lines that I see as very unnecessary ten years later. The red lines are deviations. The rest are just basic channel and fibs. Now I use basically nothing but horizontal lines, or drawing of patterns Best Mike

you'll get better over time H. I can scan 50-60 pairs very quickly now. Start slow and build from there

Just wanted to wish you all very Happy Holidays! Enjoy the time with friends and family

this is a great explanation!

here was one I posted yesterday url No shock where we bounced

Hey Hendz Demo and real will not be the same. For all intents it's a good place to learn, but nothing is the same as real trading. One thing here though is if you had a limit BUY order, remember the order will execute at the ASK price. So perhaps ...

Hey Crowie Welcome to the thread. Yep you are correct that is a DBLHC and price did give another retrace as they often do. Glad to have you and best of luck! Mike

awesome Irish, i'm going to jump back in here today and catch up with you all

Here was a pinbar trade posted on twitter. url Simple pinbar swing high, after multiple failures to break higher. Basically trading in a box

thanks for the kind words The best thing one can do is focus on risk in trading. Manage that risk, cut out on your ideas that don't work and it keeps you in the game

this is one i've moved to breakeven now. Will watch how we close to decide to hold further or not today

Hey Sumit Welcome to the thread and thanks for the nice comments Here is where i'll look for sells, a bit higher up to the rising divergent TL I spoke about this in my monthly recap video Keep your posts coming, Mike

perhaps one last shot down? have a great friday folks!

Do you guys/gals think todays rate hike will change the direction of US equity markets? Vote now url

chart to watch