Gann course

So the market did go down from the 1343 level as i predicted.

 

Stop . . .
I predict the market will go up today . . . at some point.

Do you really think being right is more important than being profitable?

 

As i wrote before most important are the exits. But with this method it is possible to find high probability entries with a tight stop. Exactly how far the market will move i don´t know of course and that´s up to experience etc.

 

Considering your initial short call on Feb. 2nd, 2011, the pullback yesterday didn't yet cover the loss.

 

Depends on your stop. One option was up 90% as well so it´s up to where the trader wants to sell. Never let a winner become a loser. I have just traded the last one with my real account.

 

aren't you insisting that you are right and he is not in this post,shame.. shame.. shame

 

No, sorry if that is the way I came across, that isn't what I meant.

I was trying to make the point about open ended calls. If you are going to post a trade, call an entry and an exit, win loose or draw.

 

I will be more precise in the following signals.

 

You see, the difference between you and I is, that I can predict the market (not all the time, of course) and you can't:

You posted this right after my calling of a bottom yesterday at 1295 ES. Right now ES is at 1312+, so one good call for me, another crap for Gann....

 

I have seen your "predictions".

I can say at what precise level the market will have reactions. Small or larger most likely. As you se i picked the top within a few points that lasted for a a month.

Btw i have found some market inefficiency in certain options pricing. Does not occur often but waiting to take advantage of it.