Registered: Jan 2012
05-03-12 11:04 AM
I want to expand on the context issue, but one quick sidetrack if I may.
This was posted on Tuesday around noon when I posted on a different thread that Nat Gas and Oil were rising into decision points.
"Dude, your levels are off. I got confirmed weeklies in NG and USO"
Since that time Nat Gas and Oil have pulled backed significantly off of the decision points that were posted as shown in the attached chart. Holding longs at those levels proved to be quite painful.
That is not to say the bias on either is short, I am not saying that, and I do want to get back to context which gives us the best chance of being on the right side of the market in all timeframes. It is also not to say I am right and someone else is wrong. I have been wrong more times than I would care to admit.
So my point, 2 fold ... First, have an open mind. Your method and mine can always be improved, tweaked (if the statistics prove you out). You or I haven't cornered the market on perfection.
Second ... call bullshit when you see it. This is a forum, not a worship center to a trader or a methodology.
This has been downloaded 143 time(s).