http://www.charts.dacharts.com/2005-04-25/B_67.png
16:49 staypatient: Alan, would you explain how price unchecks "dead zone" pls?
16:50 mbh: you see bar 18/19/20
16:50 zippy: yes we see them Alan
16:51 staypatient: yes now
16:53 Wing: ah see 20 opened on angular.. but closed up in the deadzone
16:54 Shar: y
16:57 staypatient: when price unchecks dead zone, what is the implication to price in relation to support resistance in dead zone?
16:57 Stok: Alan...do you buy bar 9 or 10 ? tks
17:00 mbh: yes...buying bar 9 is fine...using zone for stop stok
17:00 mbh: ok?
17:01 staypatient: thanks a lot
17:01 Stok: when you say zone....do u mean that down angular ?
17:01 mbh: yes stok
17:01 Stok: the one it touched and rejected ?
17:01 Stok: ok - gracias
17:01 mbh: yes
17:02 Stok: how about the bar 12 short....was looking at that this morn ?
17:03 mbh: bar 12 short is an act of faith trade at the number because unless you took it at the number...you missed most of the profit...but yes...I would have hit it there....
17:02 Shar: I don't trade the ES, but based on what I heard you say earlier, then would you buy on bar 43 since 42 closed above the angular the bar 43 opened at bar 42 close?
17:04 mbh: yes Shar I would have for that reason
17:04 Shar: thank you.
17:02 Stok: right into resistance and quartile
17:03 zippy: Alan - when you talk about 4 HHs and 4 LLs - you trade them in terms of which zones you are in?
17:05 Stok: ok...bar 39 looks like a great short....off down angular and outside bar closing lower , right ?
17:05 mbh: I prefer them like that zippy yes...unless I'm ultra aggressive...
17:06 mbh: but normally I loathe trading out in the open spaces
17:06 zippy: thanks Alan
17:06 mbh: agree stok...but entry needed to be aggressive...
17:06 Wing: okay.. I'm done.. thanks Sir Alan for you charts and insight... :)
17:07 mbh: so enter as price passes LL
17:07 Stok: which LL ?
17:07 mbh: lol
17:07 Stok: was looking at bar 40 opening lower as another clue as well
17:07 mbh: the low of the adjacent bar...38 - hit it...take your chances..use angular above for stop
17:08 Stok: I see...thanks Alan
17:07 zippy: in one of your chats you stated that you look at Bar 8 and add 25 % range of previous day to the high/low and trade in between in that from 39 - 42 we have 4 LLls so 43 is a long- I get it now thanks
17:09 mbh: wait zippy - that is a technique for consoly day...so I agree in part...
17:09 mbh: if you want to bring that knowledge to bear...feel comfortable that you are in a consoly phase...then you can rip in and out using all techniques on any given day...but that statement was made about helping you in the early stages of consoly days....ok?
17:12 zippy: I just happen to be listening in one day and heard you say that - thanks for clarification - thanks for you time Alan - good night
17:13 mbh: gn zippy
17:15 armond: thank you mbh
17:15 Shar: Thank you mbh!
17:15 mbh: yw shar...everyone...thanks
17:15 staypatient: thanks Alan
17:15 kodi: thank you mbh
17:15 punkt_bit: sorry Alan did you speak about bar 32?
17:16 mbh: re bar 32
17:17 punkt_bit: bar 33 would have been a good short right at the open?
17:17 mbh: ignore that one...ss bar 33 the second it opens under angular...don't hesitate...grab fast money...if you hesitate..forget it - ah..you already figured it
17:18 punkt_bit: thank you
17:18 mbh: yw
17:25 staypatient: wow, trading on pure PA and against support and resistance cool
17:25 mbh: lines force me into trades...and out...zones guide me on duration. You only need one line per day to hold to make a living
17:26 staypatient: thanks for sharing Alan
17:28 mbh: yw staypatient