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Follow Up On Friday's SICKLE


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#1 iloli way

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Posted 22 July 2012 - 07:55 PM

7/22/12 - Sunday Afternoon Follow Up on Friday's Warning:
http://www.traders-t...mp;#entry627155
(Fail me please, Ms. Price)

Futures two hours into tradings, provided a 'tip' probably just what the sickle needed for a snap up bounce. Yep, that's how 'sickle' NORMALLY work. A capitulation of sort to complete the visual image of a sickle tip hooking down deep before a 'snap back' to follow up later.
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OTOH, a long time old friend FAZ, just had a daily BO of Triangle TL, is sending a signal that it might be ready for a 'SNAP UP' too. Though a 'fake out' is not so ABNORMAL historically. But some BIG moves will certainly follow up when the BO is real, says the history too.

First chart showing LT TL (RED resistant line) from Oct-2011 had been breached and backtested few days ago. Second chart is close-up same chart showing BO of Daily Candle last Friday of the White Triangle (drawn with each local up and down channels).

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PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#2 opinionated

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Posted 22 July 2012 - 09:19 PM

Am I correct in thinking the sickle has a bullish out come? The last one did... yet the faz seems to be signaling breakout as you say. So faz fakeout? Head spinning excuse me dizziness Best O

#3 iloli way

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Posted 22 July 2012 - 11:02 PM

Am I correct in thinking the sickle has a bullish out come? The last one did... yet the faz seems to be signaling breakout as you say. So faz fakeout? Head spinning excuse me dizziness

Best

O

I hope it's not your FIRST TIME, feeling what Ms. Market is most capable of making all US do. Sorry that you sounded like that to me, in that case, believe me it'll feel better next time and on... (I still hope it's not). Hey, I know my honesty and consistency is not the culprit of your dizziness or other ill-feelings anywhere.

I have said what I need to as of now. Take it or dump it as you wish.

That said. All of you are always welcome to exam/criticize/scrutinize to heart's content of my posts (any where) in the past month- at least that much, to question me further. I've put quite a lot of energy and time in my work, at least show me that decency and read or study them more than enough to not monkey me around like this, right?

To any one here interested: Click my name "iloli" on FF/TT and find my past 'topics' or 'posts'; or go to 'Swing Waves Board'- 'Laws Of Line' thread; or go click my blog link for almost two years of archive, to get my consistent view and work that should answer your questions. Again, read at least posts from last 30 days. Stop being ADD like and trying to piece mill my work, or tell me the answer isn't in there (I know for sure it's there), that will only make your symptoms worse. Fair?

Thanks!
:lol:
iloli
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#4 Echo

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Posted 22 July 2012 - 11:46 PM

O, He said:"OTOH, a long time old friend FAZ, just had a daily BO of Triangle TL, is sending a signal that it might be ready for a 'SNAP UP' too. " OTOH means "on the other hand". Meaning he is presenting two scenarios that could be opposite to each other. Which one is right? Well rather than guess, just watch it unfold. The market will make it obvious.

#5 iloli way

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Posted 23 July 2012 - 09:49 AM

O,

He said:"OTOH, a long time old friend FAZ, just had a daily BO of Triangle TL, is sending a signal that it might be ready for a 'SNAP UP' too. "



OTOH means "on the other hand". Meaning he is presenting two scenarios that could be opposite to each other.
Which one is right? Well rather than guess, just watch it unfold. The market will make it obvious.

7/23/12 - Now We See Very Very Clear What Monday (Now Time) Brings

Posted Image

Cleanest chart I have ever posted ! LOL!

Thanks Doc !
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#6 draggen33

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Posted 23 July 2012 - 10:00 AM

O,

He said:"OTOH, a long time old friend FAZ, just had a daily BO of Triangle TL, is sending a signal that it might be ready for a 'SNAP UP' too. "



OTOH means "on the other hand". Meaning he is presenting two scenarios that could be opposite to each other.
Which one is right? Well rather than guess, just watch it unfold. The market will make it obvious.

7/23/12 - Now We See Very Very Clear What Monday (Now Time) Brings

Posted Image

Cleanest chart I have ever posted ! LOL!

Thanks Doc !

ok pardon my (ADD), your saying the sickle is saying up up and away higher to 1400sp is that right?you have been really good with your calls.m tkxs for clarification

#7 ogm

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Posted 23 July 2012 - 11:18 AM

Looks like FAZ is winning over sickle this time around. Market looks awful. Internals bad, trendlines and moving averages broken, any resemblance of positive momentum in price or internals are just about gone.

Edited by ogm, 23 July 2012 - 11:19 AM.


#8 draggen33

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Posted 23 July 2012 - 11:46 AM

Looks like FAZ is winning over sickle this time around. Market looks awful. Internals bad, trendlines and moving averages broken, any resemblance of positive momentum in price or internals are just about gone.

Thats what i thought, yet he has been on the ball lately.

#9 iloli way

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Posted 23 July 2012 - 11:55 AM

ok pardon my (ADD), your saying the sickle is saying up up and away higher to 1400sp is that right?you have been really good with your calls.m tkxs for clarification


draggen33, lol! now that's funny. I not only have ADD, look at that clean chart! I have amnesia! but I never give up fighting them.

This thread is a follow-up of this thread as I opened with it: http://www.traders-t...mp;#entry627155

"1375" is what I alert longs to get ready for "IT"S NEAR": http://www.traders-t...mp;#entry626976

NO, I have never used word "1400" as next upside target (many others do?), nor my sickle. I clearly showed: 1375 is the first hurdle must cross FIRST, ...THEN we go to NEXT higher 'target' that is not a fixed number but 2 Red and Blue TLs (of 2 major patterns: Red Descending broadening Wedge and Blue Rising Wedge). Now what I do say all the time repeatedly is to 'Trade Between Lines' - the heart of my systems. For example since Dec 2011: http://www.traders-t...?...st&p=606935

OK, managed to squeeze this much work while busy trading just for your kind request, but last week wasn't a call, just market conditions alert... good luck. Ask me any thing about this next chart:

After taking a thousand Ginkgo Biloba pills, now I remember this the chart to post: beware the CLIPPED TIME/PRICE (with all the comments already added before clipping), THE SICKLE BOUNCE COULD HAVE STARTED THERE ALREADY. IN THAT CASE, I'LL WATCH FOR POSSIBLE 1375 RETEST.
Posted Image
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton

#10 draggen33

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Posted 23 July 2012 - 12:00 PM

ok pardon my (ADD), your saying the sickle is saying up up and away higher to 1400sp is that right?you have been really good with your calls.m tkxs for clarification


draggen33, lol! now that's funny. I not only have ADD, look at that clean chart! I have amnesia! but I never give up fighting them.

This thread is a follow-up of this thread as I opened with it: http://www.traders-t...mp;#entry627155

"1375" is what I alert longs to get ready for "IT"S NEAR": http://www.traders-t...mp;#entry626976

NO, I have never used word "1400" as next upside target (many others do?), nor my sickle. I clearly showed: 1375 is the first hurdle must cross FIRST, ...THEN we go to NEXT higher 'target' that is not a fixed number but 2 Red and Blue TLs (of 2 major patterns: Red Descending broadening Wedge and Blue Rising Wedge). Now what I do say all the time repeatedly is to 'Trade Between Lines' - the heart of my systems. For example since Dec 2011: http://www.traders-t...?...st&p=606935

OK, managed to squeeze this much work while busy trading just for your kind request, but last week wasn't a call, just market conditions alert... good luck. Ask me any thing about this next chart:

After taking a thousand Ginkgo Biloba pills, now I remember this the chart to post: beware the CLIPPED TIME/PRICE (with all the comments already added before clipping), THE SICKLE BOUNCE COULD HAVE STARTED THERE ALREADY. IN THAT CASE, I'LL WATCH FOR POSSIBLE 1375 RETEST.
Posted Image

thats wasnt you with ADD it was mine for not understanding, thxs for responce