Let's see - "I'm (we're) shorting the S&P below XXX" "I (we) don't trade the S&P, don't understand why anyone would bother" ------------- "MM is the most efficient and perfect system out there" "Prof Murrey is a genius" "I have 'my own application' of it" (your excuse because you haven't figured out how to consistently calculate it correctly) - since you're doing things differently, presumably you consider yourself a bigger genius than your hero and have an even more perfect system - amazing! --------------- What are people learning? Only that you're full of crap.
OEX is overbought short term. MM rules say to short at 470.10. Stop at 474.41 Will revise if very large gap down, or frame shift occurs. My thoughts only, not trading advice.
More mental masturbation???!! The OEX is a cash index and thus can't be directly shorted. So what exactly is it you're claiming you're going to short at 470.10?
You should at least write... when OEX hits xxx.xx then I'll short XXXX... I use COMPX as a confirmation to NQ... but anyways... Oddiott, good luck paper trading...
Arch, I have come to the conclusion that you are just a dumb f*ck. If you can't figure it out, take your sorry *ss back onto the short bus.
LOL, I know that it is your greatest wish that I be a paper tiger, but ummmm, there are too many folks that know better, cause they look over my shoulder each time I make a trade. Get it together and get with the program, WD whoever you are.
It has just occured to me that there are some who will do anything to prevent new traders from getting better. I am going to start a trading journal. Hecklers will be ignored. Thanks to all who gave positive encouragement, I am going to take your advice. See ya'll later!
I always love it when someone publicly claims to ignore hecklers. That way those of us who are on ignore, or being ignored can make as much fun of you as we want behind your back and you won't even know it. Kind of like putting a "kick me" sign on the back of someone and then watching him wonder why people are kicking him while those who put the sign on his back are laughing hysterically. I can hardly wait for your journal!!!
Arch, I suspect he's spreadbetting on IG index or Deal4Free or something, in which case he WILL be able to short it directly. (Although the spread will be horrendous...)