OOOOOOO.....optional has declared me a PAPER trader! OH HORROR of HORRORS!!! Optional, is thick, he thinks I have something to prove, rather than to share. Optional still thinks the world is flat. Well, in a way, he is right, I do get plenty of paper! Of course, nobody win all of their trades, but I win enough of them. Optional can watch me buy some options with IBM. Store that IBM chart, now! Study Prof. Murrey's system too!
OK, I was willing to give you the benefit of the doubt initially, but you've lost me. If you don't "bother" with the S&P as you've suddenly asserted, why the heck are you pretending to be trading it by posting things like "I'm going to short at XXX"?? If you're not trading it, you're certainly not shorting it at any price. And if you're using the cash index as your basis, you're certainly not trading it. As far as your MSFT chart goes - before publishing that MM "nailed it", you should double check whatever function you're using to simulate the MM price levels because they're computed incorrectly - the current frame is 50-56.25, not 51.95-58.20.
I have always liked Electronic Arts! I am thinking I might make enough to buy some if ERTS opens at 48.94 and trades one tick higher! Of course, as with all the other posts, these are my thoughts only, and should NEVER be used as trading advice. Stop- 1.56 points away.
I said in an earlier post that this was MY APPLICATION OF MM, you are quite free to use your own. I gave my explation pal, take it or leave it.
Are they your thoughts, or Murrey Math in practice? If the ERTS trade is Murrey Math derived, based on what you have said previously about MM being the most "efficient" and "best" method of trading that could possibly be used, why would you give us a disclaimer about taking what you say as suggested trading advice? Are you not trading based on MM? Why not just post what MM says to do, since it is the best way to go, right? Are you saying that your thoughts and opinions on trades are not to be trusted or followed? I sense a level of equivocation going on with you. So that if you are wrong, you can say, "it was my opinion, not MM..." and if right you can say "it was based on MM." You are talking out of the many sides of a paper trader's mouth. Why not just post the damn trades, and let the people see over time if you know what the fuck you are doing.
LOL, was that supposed to be advice???? Murrey has a perfect system, it is human error when big losses are made. I trade with real money every single week, with an academic type system. You are funny, Optional, soon you will see the results of PRE posted trades, and you will make more excuses. Results are what matters, pal. Watch and learn.
With each and every response from you, the chip grows larger and larger, and heavier and heavier. Calling people pal??? ....real classy.
do you mean you DID purchase the crazy wino's course? I thought you had it all for free via google? C'mon everybody, leave OddBall alone. He's actually very entertaining. Awright?