A chart of the "h"
Trader Jamie made a post called "Shorting the h"...to all you Artie Lange fans, it was NOT about heroin.
The "h" pattern is actually in my arsenal of simplified setups, and I will elaborate on it more when I resume posting trades in a few weeks. But I wanted to post a trade from yesterday to give you guys something to look at over the long weekend. I traded ABX yesterday, and it is a variation of Jamie's setup. It does not meet his specific criteria (and is a different timeframe), but the general pattern is similar and you can clearly see the "h".
The first chart is naked, the second chart shows Fibonacci lines plotted over the morning's high to low and the pullback to the 50% retracement. I entered a short on a break of the hanging-man candle and covered at the Fibonacci extension - which, as you can see, marked the exact bottom (magic!).
Another disturbing photo
A few days ago I posted a photo that [most likely] was Trader Jamie or Dinosaur Trader. Today I post another photo for your consideration - depending on who you thought the previous photo was, this photo is undoubtedly the other.
Looking back at the past eight years
Finally - I thought this timeline was a great recap of events over the past eight years. It is amazing to see the rise and fall of the markets as well as other events I forgot happened (Google just went public in 2004?):
What the Hell Just Happened? A Timeline of the Bush Years.
A Simple Mistake Traders Make
7 hours ago