Now I am confused. When is a stop not a stop? I always thought a disciplined stop was a stop, period. Surfer? Thunderdog, let us give credit where credit is due. Did Surfer make a 250 point call or did he not?
And good sleight-of-hand looks just like real magic if you are polite enough to ignore or overlook the details. The biggest illusions can often be achieved with the smallest details. Let us consider it, shall we? Well, let us consider it. I confess that I have not followed hanksurfer's calls in their entirety, therefore, I am dealing with incomplete information. Perhaps you can help me fill in some of the gaps. Does hanksurfer advise what his trades will be, and at what price, before he enters them? If so, then my hat is off to him, even though it is hardly the smartest thing to do when looking out for one's own interest. However, such market calls are undeniably honest and beyond reproach. On the other hand, does he advise of his position "shortly" after he has already entered the trade and the position characteristically already shows a "small" profit? If that is the case, then that is as close to making "risk-free" market calls as you can get. If he is already in a "modest" profit by the time he posts his "trade" here on ET, then if price reverts to or beyond his alleged entry point, he can easily exit at "break-even" due to "system parameters." In this way, a poster can give the appearance of making either break-even trades or winning trades. The amount of the profit depends on luck. The "success" of the trade does not. There are never any losing trades except occasional ones to ensure overall credibility so that you don't look too closely. So, I ask you, how does hanksurfer time his market entry calls in relation to the market price at the time of his calls/posts? Perhaps someone can do a historical search here on ET and then check historical prices at the moment of his posting to see if there are any notable patterns worth reporting. As always, I will eat my hat if I am proven wrong. It won't be the first time and, besides, straw hats have lots of fiber. However, if hanksurfer's trades are characteristically already in "modest" profit by the time he posts them, coupled with his very specific albeit pliant stops and all of his other attention-generating activities...well, you know what I think.
The guy made a 250 point call? Where? Not on this thread!! This thread is entitled "black monday", and there was NO black monday. You want to salivate at this guy for hypothetically calling 250 dow points? Then you probably want to kiss my arse for calling about 50 S&P points. Which way do you want it?
Well said Zen. Inandlong kicked the crap out of Hank last year. The only part that made me feel badly was that Inandlong is a real good guy, and was blindsided by an evil Hank, who is a master of having it both ways. Inandlong defintely exposed hank as a double talker. And look at Hank now..
We should probably cut the guy a break. After all this is the guy who spent $60,000 on trading systems and then tried to hawk them off on ET. Who knows maybe he is about to pay Marketspammer another $5k for his Gann wheel. Senor Zen
Can you say "Bull Trap" ? Lightening up on core position 10076 Target hit, next target 10,000 on balance. Sheesh to bad about that wiggle on the add on at 10160 Oh well ....
ok, out and FLAT the DJIA here. sorry for the confusion-- for those who have not followed my trade posting in the past and system parameters, please allow me to explain. the stop level of 10179 needs to be broken be a full three minutes totally before i exit the trade. i exited this DIA trade @ 10182 --the trade was entered @ 10475---providing 293 points on the trade-- our best single trade in the DJIA this year--this trade combined with the oil short renders us strongly positive in the first two quarters so far. do i wish i held here, sure, but following system. hope this explains what i am talking about.