When it comes to indices I am purely technical, so would not know anything about that my friend Besides one minute I'm long the next I'm short no time to form an opinion, but I get where you are coming from.
Absolutely! And to add, Jack Schwagger (Market Wizards books author), interviewed a very successful trader who said he was long ___. Jack called him the next day and the trader said, no way, I'm short __ and ___. i.e., he was long, the trade didn't work, he reversed, and made money. As for xspurt, there are a few here who are too damned stupid and lazy to actually try to figure out what he's saying and doing, and that's perplexing to me. Sure, there were many times he lost me with what he was pointing out, but I put in my time, did my homework, and figured it out on my own. Guess that's why I make money vs become frustrated like a few here obviously are. There was a man living in Africa many moons ago, who had it in his mind that he would find diamonds and mine them. He spent his life searching all over Africa high and low, never finding a single diamond. Shortly after he died, the largest diamond mine on Earth was discovered on the property he lived on; the property he owned... This is a true story, and is often referred to as "fields of diamonds." food for thought... Last, ammo and red tank, thanks for your input in this thread. I'm putting some dumbasses on ignore so I can continue this thread without anymore distraction from the topic simplicity in ta.
Let's make it very, very simple. If you can't understand multiple time frame analysis (when there is almost always conflicts between different time frames) and my explaining how the resolution will unfold in the coming week's PA, then go to the biggest view point and sit there until another major reversal is called. Every time you drop a time frame from the major call that is bossing the move it requires more skill because you will soon be getting strong counter trend signals that seem to contradict the analysis you made. That is what MTF Trading is all about - resolving seeming conflicts and it is the most powerful form of trading because it allows a trader to see into the future to prepare for a reversal and know the length of stay. That way you can decide in any time frame to hold or trade against the Boss. This is why I could call this wave down as the biggest reversal since the lows and say so before the top set in. However the downside is Multiple Time Frame analysis confuses every trader until they learn how simple it really is and that breakthrough only comes with great effort. I completely understand freakofnature's difficulty for grasp the sense of how this unfolds. I have never met a trader who did not experience the exact same thing - regardless of length of experience. So here is the End of Month move that was clearly called in advance and described as the set up for the biggest move down since the prior lows. If you followed my explanation you not only were ready for the reversal but you could catch it very close to the intraday high and then decide to either hold or trade the counter waves in the move down. As a reward, recently I have been sworn at, called a liar, an enemy, bullshit trader, mocked, and those are by far the nicer things that have been said. I will not post the vile things regarding my family! If I respond I am having a rant. If what I do isn't for you then that's fine as it's my business, it's a tiny glimpse of how I use TA and I will say no more on that. I have no intention of becoming victimized like NoDoji was, for it was scandalous what happened to her under ET's sanction. So rather than wait for what seems like the inevitable I shall call it quits. I have to be realistic. It doesn't seem worthwhile posting here but if you are interested in what I think will happen next and where I will post you may p.m. me. I have no plans to go to a competitor of ET but rather somewhere that a few traders who are interested in a technique ask questions and get answers rather than engage in rhetoric or worse. (It is not a live trading room as that is closed to new members simply because we have long established trading relationships.) By all means disagree with me, but make it on technical grounds and do not personalize it or bring my family into it. Pigsty's comments are very minor in comparison to the muck that has been thrown here. Ammo, you might be sucked in by Pigsty's innocence but I am not that sucker. Do you really think Pigsty is new to ET?!!! You can link syntax and grammar from posts like these posts of Pigsty's and soon see the aliases come together and the modus operandi... I will give you some expert advice..... i think you will like this (get the joke)!!!! no mentor fee required for this. Hahaha..... ------------------------ "As for Africa, weekly wants up but daily wants down but 3-day wants up. The wild card is the moon which is rising in aries and setting over burger king which is a sign of big volatility. So if the weekly wins out it will have big rally, if not daily will trump weekly and the monthly bears will jump in and likely send it down in a big way. Lots going on in big picture for Africa so anything can change 1. Warlords taking over 2. genocide 3 water buffalo stampede 4. lion attack In short anything can happen but I'm major bearish unless the 2day pressure comes into alignment with 3day bulls and in that case it should go up. Unless there is a drought in Kenya and the groundhog sees its shadow which would make it go down. -------------------------------------------------- HAHAHAHAHAHAHAHAHA!!!!!!!!!!!! hopefully you will like this. So is bighog a good trader? I hear stories of him being mentor to No Doji. He has reputation of being great trader. But when I read through his posting, it just seems generic and random comments... entertaining but too vague generic to make use of for me. Now I read on here that he ruins chatroom posting crap and is a fat truck driver. I am confused. Why does he have good trader reputation? I don't know what to think of people posting here. Maybe most are like Jack hershey, he writes a lot but he is a broke lunatic. ------------------------------------------------------------------------------------- So go pander to Pigsty's hurt feelings and let's keep him on ET's side. As for me, you'll get me in the joke thread (and I kid you not). In fairness to ET, I have met some wonderful folks and excellent traders, built trading friendships and working relationships that have lasted for years and had lots of fun. But as a number of others have p.m'd me saying it's just becoming a dark jungle and I agree, so I'd rather put my work in where there is no distraction, real technical challenges and good comradery. Good trading all
Xspurt, sorry to read the above post. This board is tee totally without the necessary moderation it takes to keep talent around to post. So sad...
"If the opponent is very good... he will place his victim inside an environment he can control...the bigger the environment...the easier to control... the victim does all the hard work... the opponent just helps him along..." "The more control the victim thinks he has... the less control he actually has... eventually he will play by the rules...and he will be controlled by those rules... the more he invests in an idea, the less chance he has to turn back... eventually he will hang himself... and I as the opponent just help him along..." "You only need credit in his world..." "The more he gets... the stronger he gets..." "The stronger he gets... the more control he has..." "The answer to credit is... humiliation...".
thanks for all the market calls,if this holds then we bounce if it doesnt we drop to next support if that doesnt hold we go here and i'm bearish so i wouldnt buy the tails,a little different than sell 13250 and its going to 12200,delusions of grandeur if you think both those statements are the same and when you retort with calling pig a schitzo ,he may be on his 5th alias or he may be new,you could be right but you don't know,so blast him anyway, and bighog,nice guy,throw him under the bus too,that's arrogance, and i mentioned before and you got hurt that the ego will get in the way of trading,if you had learned to quash it, your feelings wouldn't be so hurt,you can call the market and trade it,but don't believe for a second that you and your eggo are entitled to judge,put others down ,and walk on water without getting a rotten tomato coming your way every now and then...now run away with your ego between your legs and start up another alias,god forbid,you learn to live amongst the mere mortals
Actually I do know, but that a different matter. lol - I didn't throw Bighog under the bus. He is someone I respect - I copied Pigsty's post silly boy. Try reading again more slowly. If you cared enough to check you'd see, so who's arrogance are you quoting? You've stuck it to Pigsty now! And 12200 was not a typo
sam gold was ckid or cold who can actually trade circles around most,has a big ego problem to go along with his large IQ, human mind is a very fragile instrument,so pigsty could very well be the same,i'm getting slower week by week,good call on the 12200
No problem - I only know because this place is getting such a minefield you need to look at the w/e ID's and you soon get their drift whether they are here to contribute or wreck this place. They repeat themselves sooner or later so it's easy to ID them.