TE it seems we are due for a expansion. The last attempt to BO failed to the upside. Does this play into any probabilities for a BO to the downside?
Seems like a healthy uptrend to me. I'd be looking at the 74 area to begin buying (risk 2pts for min 6 pt gain)....but there again I'm no expert so take this all with a pinch of sea salt. JMO
Surf, The older you get the more senile you become. You really need to get back to your Ginko Biloba & B12 injections. Either that or give your old computer away and check yourself into the closest least comfortable nursing home your despotic girlfriend can find for you. It doesn't matter how many aliases you create, your lack of intelligence shines through on every post. Your anti-technology rants are getting old. Your refusing to admit that markets can't be read via cycles or natural support & resistance or your constant inability to validate that simply point proves just how inept you are in this environment. It's absolutely no wonder you feel the need to constantly create new aliases and come back into a website that you have been banned from more times than we all have finger and toes. You are a loser of the highest order. Nice reference to overpriced watches. I imagine your investors love the fact you enjoy those "finer" trinkets all the while you are burning through their money on crappy investments like your Euro trade. By the way how is your Short Call of the Euro at 1.3666 doing? Oh, crap the Euro just hit 1.2806. Fading your calls are the most profitable set ups on ET.
Refering to my 2nd gap comment,without even knowing what 2nd gaps mean. Today was/is such a day. Although we haven't closed the gap yet (Dow -20 has been the highest so far), but clearly, going long was the correct strategy in the first hour based on my 2nd gap rule. (what I have already explained in details in its own thread) Isn't it nice when the market follows the predictable patterns based on observation and using TA?
Refering to my 2nd gap comment,without even knowing what 2nd gaps mean. Today was/is such a day. Although we haven't closed the gap yet (Dow -20 has been the highest so far), but clearly, going long was the correct strategy in the first hour based on my 2nd gap rule. (what I have already explained in details in its own thread) Isn't it nice when the market follows the predictable patterns based on observation and using TA? Edit: The Dow has just reached -5 which is basicly a gapclose compared to that it was down -100 after the open...
Just get on another computer and re-register. It bans your IP address. Thats what everyone here on ET does when they get banned lmao.
Excellent post, especially the part about making up your own rules. I could not figure out the best way to trade so that is exactly what I did: made up my own rules. And that is what every trader should do. You need to make up your own system. And anyone who is waiting for someone to give them the "holy grail" won't ever find it. You have to find it yourself.
TA = Technical Analysis = a security analysis discipline for forecasting the future direction of prices through the study of past market data, primarily price and volume. (Wikipedia) The key word & key phrase there is "Technical" and "price and volume". As technology advances so does the ability to utilize its abilities with more accuracy. Price & Volume are the pure foundation of TA. All I do is to analyze pure price action using constant volume bars plotting the natural cycles (support & resistance) that they create. That isn't pseudo science that is natural science you ignorant pompous ass. My son's 4th grade class understands this simple fact of physics that seems to escape you. TA doesn't move the market? That's a pretty obvious. That's like making a statement, "soil analysis grows plants". How idiotic. Analyzing the soil will allow you to grow the plants in that particular soil more efficiently and consistently just like analyzing the natural price movement of a particular chart will allow you to trade that particular chart more efficiently and consistently. One is not trying to predict either a single person's whims nor the whims of a herd on a chart, one is simply reading the natural cycles and directional strength of a particular chart to give one an edge as to the potential direction of price at a particular oscillation (support or resistance) on that particular chart based on those natural cycles. Professional hedge fund investor, that is an oxymoron. There are profitable hedge fund investors and unprofitable hedge fund investors, neither insuring that the person is a professional. You are a perfect example of that fact. I state that I can create a chart formed on constant volume bars, make decisions based on a real time natural oscillations of support or resistance and a fixed set of objective rules where not only I can predict immediate price direction but the strength associated with that particular support or resistance oscillation. To take that statement a step further I state that the trade entry & exit decisions based on those oscillations and that objective set of rules that govern those executions will consistently produce profits on the chart they are applied to, regardless of increment, with an extremely high probability of success. Extremely higher than your silly coin flip scenario and without being effected adversely by your one of your eunuch black swans. I've told you for literally years that I will prove this to you but only in person. Your response has always been, as it will be now, that you think I can perform some sort of hocus pocus or magic with my computer and my trading platform. So I figure I will preempt your repetitious ignorant response by telling your that I will load, in person and only in person, MultiCharts and eSignal on any computer of your choice and then call out the trades with a group of individuals watching (you pick some and I will pick some) with your chubby little fingers executing the orders just so I can make you frigging choke on your statements. To make it interesting and to not put a monetary wager on the outcome because we all how you hate that, lets say that if I can't produce what I say and we will let the gallery decide that, I will walk down any 5 blocks of Wall Street on any Monday morning of your choice in a diaper and a 25 square foot sign saying I'm a fraud but likewise so will you the same. I have friends at the Times that would to capture this moment on film. The only thing you destroy in your rants are what little credibility you have left. There is no "perfect market order". The markets are totally random and chaotic but charts can and are constructed to take that randomness and put order to them. No one cares whether you, David Goodboy, believes this can be accomplished or not. Anyone can create the environment I trade in and verify this for themselves, everyone except you that it because you are physically incapable of original thought. Go back to your office and waste some more time creating a few dozen more aliases to crash websites you are banned on.