You're not linking to a post; you're linking to a page. But quickie course in auction market theory. You short at the upper limit of a trend channel. You hold until you reach the lower limit of the trend channel. Price fell from the upper limit of the trend channel to the mean of that channel on Friday. All this was posted Friday and Saturday. Those who understood the chart were ready to short on Monday and did so, covering when price reached the lower limit of the trend channel. If you didn't trade any of this, that's unfortunate. I suggest you read up on AMT. But now it's dinner time. It's been real.
So no answer to the fact that you made no call to short the NQ until posting the chart after the drop and after the close? I am referring specifically to this post, which was posted 80 minutes after the close, with no trade reco that preceded it. http://elitetrader.com/vb/showpost.php?p=3955539&postcount=433 80 minutes after the close. After the move. No mention of any short prior to the above post.
So by posting the trade in advance you actually mean that you posted a chart of the move after it occurred as proof that you made the call to short? http://elitetrader.com/vb/showpost.php?p=3955539&postcount=433
Downpruf, does have a point. I think, the kind of proof he's looking for only exists in the "ES Journal". These guys post their orders in advance with stops, and profit targets. Schaefer
This is not the same as simply not offering proof. Here he takes credit for an 80 point move and claims above that he posted the trade in advance, and said where he called it, and turns out he posted nothing in advance. Just a hindsight chart after the close. Not to mention his dig at LF for not taking someone else's offer of a bet (says to Game: "you won without even breaking a sweat"), and then he turns around and refuses a bet himself. LOL This reminds me of that guy Xspert who was busted last year..... who claimed he could take a newb trader and have him turn 10k into 1 million in a year scalping in an IB account. Eventually he dug his own hole and wasnt able to keep his stories straight. Or JH and his 6x daily ATR each day or MFBreakout and his 200 ticks a day. Same type of online persona. I think these types have put a lot of effort into studying the markets but their ego won't allow them to post as any other regular person trying to learn to trade....... they have to be The Guru and have their followers.
Since you've been at this for at least ten years, you know that that doesn't constitute proof and it's not intended as such. Drownpruf, for example, posted a short on Wednesday at 50something. This after price had already plunged 18pts and was still falling. But he provided no evidence that the short was actually taken or that it wasn't just sim. Nor was he able to provide any evidence that he covered when he said he did or made the profit he claims to have made. And as far as I can tell, he made no trades at all on Monday. Do I care? Not in the least. I bring it up only to point out, again, that the only proof is tax returns. Nothing else is sufficient, including a note from one's mother. As for my charts, the chart in question was posted on Saturday, long before Monday's open. Those who have studied the material knew exactly what to do on Monday morning and we did it. Those who haven't read the material, much less studied it, will likely have no idea what was done or why. This is not my concern. If anybody wants to learn anything about "calling" trades, study ammo, not drownpruf. While I may not agree with ammo's methodology, at least he has one, and it's there for anyone who cares to do so to examine, like NoDoji's and like mine.
You posted the chart on the 21st which was Friday, at 5:21 pm Eastern. Fully one hour and twenty one minutes after the NDX close. If you want to login to my account and see the ES and GOOG trades in question, then allow me to do the same with your NQ short. I have no problem with that.
wtf hallucinogens are you on? There is no trade there. Nothing. NDX closed down what, 40 on Monday and you take credit for the full peak to trough move, in hindsight?! Friday's chart after the close and you take credit for that as well?
Please show us the post in which you entered short and booked anything of the move, let alone the entire peak to trough move. I will apologize, buy your book and leave ET for good.