I still think that his charts are good except they keep getting posted upside down. abhay you may want to talk to the moderators about this. It's possible that there is a bug in the "attach" function of the forum software that inverts your charts. Moderators: can you look into this pronto?
Tea I am just checking in here. I think you are kidding. Or is there really a function problem. Thanks.
I'm assuming this is a joke, lol. amazing how many fools fall for abhay ridiculous forecasts. abhay you should at least get one forecast somewhat on the money to get some respect before you act like the all know it all super trader.
Sample from Mecro's post. I hope you will stop preaching here until you understand trading. --------------------------------------------------------------------------------- Mecro 08-17-03 07:47 PM I lost bout half of my first 1000, half of it to commissions. But at least I learned a lot.
I "waste" time here because I have already been down this road in my trading, thinking that there is some magical order that will lead to trading utopia. There are a lot of newbies that read these threads and think that if they just subscribe to this or that service that somehow they will pump out ES points everyday. The author of this thread claims 80% accuracy, turns within 15 minutes, yada, yada. Yet he will not lay out a method of trading his forcast to achieve these claims other than some vague mention of volume and a list of indicators. There was NO reason based on the forcast for you to go short when you did. I'm glad your intuition made the call profitable for you, but it had nothing to do with the forcast. The turning point was more than 2 hours off...that is getting into blind luck territory IMO. My only purpose of bringing this up is to warn newer traders of the pitfalls of believing this stuff is the path to riches. Yes, there may be some value in helping your bias for the day, but it is not a profit machine as it is marketed as. If it were, he would make his money from trading it and not selling it. I've made my warning, take it or leave it. That is all I will say.
I openly state I missed the trade today. But so what ??? For me today is not the end of the world and today is not the last day to trade and make profit. Biggest thing, it keeps me on right side and protects me much more often from being on wrong side. Money not lost everyday is almost like money made. I look for times when everything is in alignment. War, you still don't post anything that gives you money. What a hypocrisy !!! I want to make some more money, I will dump my sh** right now if you show me something that will make my day... Still waiting....
It is still trading in a rectangle. It has not broken to the upside or to the downside yet. If it breaks out to the downside then yes I will be wrong and I will gladly admit it like a man. As far as my forecast for an up-day - I believe it was for the next day 8/14 - it was an up-day.
And I hope you are still waiting for your 1050ishhh...... Do you just throw guesses or have some logic ???
If my reading of this chart is correct we could see a nice dip comming up soon (I'd get my fill) and then a nice afternoon rally i.e. recovery with a break-out tommorow. Negative Divergence = positive momentum?