i said no more posting but one last because of things that were said....... i did not put bighog under the bus. i Asked other member why They put him under the bus. i simple stated i heard he was a great trader but when i read his posts i didn't find any good help, too vague. nothing personal there. it was other (not me) long time members who said he ruined a chatroom posting crap and was a truck driver and other things. read thread and you will see... i wanted to know why they said those things. that is all i said. yes i admit i did make a joke post about Africa stocks in other forum... the reason for that was a piss take as they call it.... and why.... well to avoid making things here even more heated i will just say i agree with the things Freak has said, and thought that all along even before he posted it. not that analysis is bad but it the hindsight "exactly as predicted" that makes it confusing... seems like saying i am always right... but i did not say anything but then i see more posting about secret trade room where he call lows to the pip with 1 pip stop, then come and say sorry we wont let anyone in... this is not the first time he has done that... but anyone can make claim of that!! ((jack hershey says 3x daily atr every day just one example)). i thought why do that........... some one else (not me) said maybe he is looking for customers. i do not know if that is true, but it does lik e looking for attention. that is what it seems to me.. also.... if he does not want to let people in to his chat room that is ok.... but why keep bringing it up in forums here? it seemed to me as attention seeking as no other reason to post about it and that is why i made a joke posting.... maybe i should not have done that joke posting and should have posted directly here.... the joke post was passive aggressive in some way so will not do that again and will say directly from now on if question some things.... i don't think it is unfair to bring that up. if i go in any ET forum and tell people i have a secret trade chat room where i call lows to the tick with 1 pip stop but i wont let anyone in the room.... you better believe i am going to get TONS of crap throwing at me!!!!!! this is not personal attack and not trying to ruin anything.... give me a break..... grammar is not great with english yet. living with host family in US and getting better. people thinking i am someone else are paranoid....
I simply don't know how to make it any clearer that what I expected to happen next just happened again. But because of the complaining that is going on this is the end of my Dow analysis on ET. If you want to get more of it PM me and I will tell you where I will post it. I was not taken in by this base and was expecting a push lower to the 12,200. If I was wrong the Dow would break the prior daily tails signalling Longs. It closed as good as on the tail and began a big push down - as expected and yes I know that phrase upsets a lot of readers, but we are on page 100+ and I am not for changing for the fact is I call the market in advance. We got to the 12200 level but there was no buying as the weekly up pressure caved in. The 12,200 level was acknowledged but to the underside giving more selling pressure so we have a big bear day. The reality is when I post the type of action due over the next week it confuses too many that can't read MTF, so it is time for me to shut up shop here in this thread. Those who want to see what I expect will happen can PM me to find out where I will be posting. NEXT WEEK'S EXPECTATION As I warned, there's never been a time like this and last post I outlined some of the major issues. Today the World Bank warned that we face a rerun of the Great Panic of 2008 on the bleakest day for the global economy this year. It's going to be exciting for traders because we have been building up to this point and there is a very clear high quality signal that PA will now... Oops! Almost did hindsight posting again. Happy trading all. Last post here from me which will delight some. I'm off to my secret trading room to count all my mentoring fees (eat your heart out Pigsky) and then I'll be in the joke thread - you gotta see the hurdle race post Hey Pigsky, remember when you asked this... "How about post some chart of this ....? I would like to see this kind of trading and I'm sure other trader would like to see it. Let see some pic of this." So I post it and you use it against me. Clever, Eh? Attached chart re. last weeks expectation, er hindsight One final word:This was never about me. It was about TA and the markets in the most exciting trading opportunity ever. Once this bear is finished there will one more bull like never before and then giant bear.
SPY Support broke, next support, not there yet, bearish pressure to continue. Chart attached with new data.
EUR-USD Shoulder Reaction This one was a no brainer for anyone that had studied the monthly chart, was a damn good reaction once the catalyst came out.
EUR-USD First resistance for the pair, the backtest of the old support line. Price action there will dictate upcoming direction. This is where I differ from other seasoned traders, I cannot call it in advance, I just know where to find high probability areas of reaction and then based on the action on that area, I know what to do. It's a limited style but it's effective. Wishing everyone a good weekend.
Nah Steve, if ego was fragile then I'd have to change my handle every month like you. Been here many years and still will be here, but I'm just out of time to keep saying, That's not what I wrote, that not what I'm saying etc., etc. And then there's your constant attempts to derail and attack me so it makes sense to keep you in the dark lest you are telling people what will come next. I know you can't do without me but I gotta go do something worthwhile
SPY - As the great Jobs used to say "One more thing" Something that cannot be overlooked. An important backtest seen on Daily. Trade well, will be taking some time off the boards as I embark on some personal projects.
My name isn't steve and I've never had a handle with a name similar to that anywhere on the web... you are seriously delusional... huge fragile ego... full of shit... and I admit you paint pretty pictures explaining what happened, after the fact... You can grab your other two "friends", yoohoo the moon lunatic, and athlonmank8 the burger flipper, along with your other dozen aliases, and start a toilet cleaning franchise in a whorehouse somewhere. That sounds about as worthwhile as your potential. Have a nice weekend. "Toss the dog a bone, find his weakness and give him just a little of what he thinks he wants...Eventually, he will hang himself, and I as the opponent just help him along".
You may be a S/R and entry/exit type trader. In knowledge and skills call it advanced beginner. The bars shown on the chart can be more informative however. We are in a depression and the next 10 to 12 years will be required to get to the bottom. A trader's career is nore defined by his "trading" rather than the "investing" aspect. Trader's do not use this fractal to make money but it is a great context for knowing what is going on. For example, I announceD the Depression during bi monthly video tapes being recorded in JUN/JUL 05. FYI, trading is most successful in a right left orientation. You may have seen trend lines whose names are commonly RTL and LTL. The dominant sentiment is right to left always. A general coding theme called RDBMS is the non probabilitistic way to go when using leading indocators of PA. PA is a lagging indicator. I put up three lagging indicators since the chart has only the lagging market indicator on it. To move beyond advanced beginner, a person has to use all market variables. Otherwise he get run over by the trafific, busses or otherwise. At a slower trend ending I noted the RDBMS pink RTL and LTL which appeard to begin the nest slow segment. the RTL shows the sentiment is SHORT. The next phase of this sentiment happens because the trend VOLATILITY grows. A VE shows this on the LTL. Hence the new lime colored RTL and LTL. A three bar "internal" does a "failed BO" of the RTL. In CW, which you believe, This three bar set up has a set up name which is a lagging trend indicator in CW. the lime trend volatility is reduced as you see where the third set of RTL and LTL is depicted in a light rose color. Presently, you are seeing another completed bar's OHLC. The RDBMS name for this is short translation because the relative H's and relative L's are "in kiind". Look up "in kind" under Keynes. The leading variable of price (not shown) explains in advance what the last price bar means. So now my point: no one in this thread knows what is going on. There is a percent of the Financial Industry in the market. Another percent of their capital is sidelined. The current capital in the market represents ownership of businesses or it represents borrowing capability where an entity has borrowed instruments and it going to return these instruments at a later time. You have picked two arbitrary points and drawn a line through them. Do you think you can make it a point to refrain from doing this in the future? Lets hope so. If you need to draw lines, only draw left and right lines as parallel lines. The right line is drawn first. In economics and Econometrics there are about 7 interlocking fractals. To use RDBMS's you have to begin with the fastest fractaland proceed to the slowest, in this case, the Depression fractal in force. If 1,000 people do this correctly, 1,000 people get the correct answer. Subtract all posters in this thread to see how many of 1,000 people still have a chance to find out what is going on. Maybe someone will put in the Bookmark on the prior fractal segment so you can see where a proper line would have been drawn to tell you when the prior fractal segment "failed to break out (FBO annotation).