I wouldn't waste my time with SPY lol...I was busing road mapping Bitcoin since January last year...working on my second Lambo...or Lotus. Here we can do it together...same scenario going on with bitcoin right now as with SPY. So based on what I have just told you, what do you think the price could retrace to and by when? This is the most basic rudimentary form of TA as well...
How are you guys not seeing these patterns???!!! lol. There is no hindsight at all...its happening right in front of your faces in real time, but you are too stubborn and ignorant to acknowledge it.
Anybody????? Tao??? Can you here me???? The answer is right there in front of you staring you in the face.
Nice try. If you want to demonstrate the validity of your approach, you tell us plainly with no ifs and buts. Looking at a chart and guessing where price may or may not go is not trading. In directional trading, you actually have to place a trade and manage it (take profits or exit when you're wrong). In simplicity, trading authors will show us that the market bottomed out on a double bottom at this or that Fib retracement. However, they'll also ignore the 5 prior double bottoms which failed and the other minor retracements which failed (but would have been celebrated if not).
OMG I already have...don't make me spoon feed you. Look at the two c&h and extrapolate where you think price can retrace to...
Sorry I toned down my response because I should be patient. Scroll down to the charts I posted on this page: https://www.elitetrader.com/et/threads/bitcoin-price-thread.315402/page-464 I nailed the top. I called the C&H fail. I labelled the single correction and double correction targets. I have also posted the target price of the resulting rally AFTER the correction! I posted this back on mar26: https://www.elitetrader.com/et/threads/bitcoin-price-thread.315402/page-461#post-5946449 Here is me calling the top back on Mar9: https://www.elitetrader.com/et/threads/bitcoin-price-projection.378711/#post-5939231 What have you posted?
Good Morning wxytrader, Do you know any trader who makes money with Algo or Quant trading system? I made $3500 cash clicking buy or sell button with 1 future contract in about 3 weeks.
Still seems vague to me. My view and message for the last two weeks have been that the market's in correction mode and I would assume sell the rallies for now. Specifically, my target for this week was 5K on ES. Not that it matters one bit, but I did post it quite a few times on these boards. The difference between me and you, though, is that I'm not making any claims about my methodology or performance.
All I'm saying is you guys always try to claim hindsight bs when I am projecting in real time all the time.