Jealous again. You guys have been to more places in China even than I have... The zig-zag RV traveling is a bit too "national geographic" to me. I prefer nice hotel, spas,and great restaurants while traveling... If there is shopping.... even better... Boli, don't forget to send us postcards if you ever start your jouney! And don't forget to give me advice and review my trades while you stop @ the internet cafe.
haha .. you're really cute and honest but it's Not a "Date" la your sifu and i trying very hard to teach you and PO something about dating ... ooops ... i mean Trading! as you can see your big sis, i' m facing a very smart & strong opponent(your sifu) ... i wanna a perfect-trade, my targeted profit is the seafood dinner but because your sifu is very smart & strong, so i must be flexible like water and accept his Mc'Donald's offer lol. in trading, sometimes we don't get our targeted profit, we must be flexible and take whatever little profit and run, if not, we have zero (0)profit ... Now here's some thing you must remember in trading from your big sis(ME) not from those great books u + PO read.. "JUNK FOOD IS BETTER THAN NO FOOD!" ~coz without any food, we'll die! and "small profit is better than No profit at all' ~coz at least we can go shopping in target or k-mart stores. actually my one bowl of clam chowder can get return of filet o'fish, big mac, large fries, apple pie, large coke and ice cream...it's not too bad lol
Hi ~~~ Sis, Haha! I got it..... It's all about FOOD... I shall remember that in my heart! You are truly the top warrior who has master the most high and superior level of trading philosophy. --po
Hmmm.... I wasn't thinking of the longer term analysis. I was only refering to Friday's chart (7/16/10). When the market (Dow/ES) broke Thursday's low, cut like a knife... how far will price likely go? I have drawn the markers on the chart already. Mirror! (Measured move). Note ES went to 100% of the projection at 1060 before bouncing slightly (the cut was at 1077). The high overnight was 1095. 1095 - 1077 = 18 points 1077 - 18 = 1059 (give or take 1... 1060). I didn't make this up. Coincidence? Maybe. But it's a good reference to trade off. We traders like to use all things available to project a "likely" target to trade. That's what trading is all about. And many people say "trading is gambling". They just don't understand what trading is about. Gambling: random outcome, "luck", not repeatable. Trading: probability based, bet on favorable outcome, have nothing to do with luck, act when reward/risk ratio is lopsided, skill-based: if you are good your results are repeatable.