Here's a trade from a few moments ago. Entered on FTT + PRV, exited on what seems in hindsight to have been a formation FBO.
Hi Nkhoi, This is not off topic. Spyder is of course under no obligation, and I have saluted him many times for his efforts. But he made a commitment to this thread, so it is relevant that he does what he said he will. He may choose not to do anything, and this is fine, it is a free country. However this will leave a bitter taste. Regards, redduke
Avi, Please reread what you wrote. It makes no sense. No one knows what will happen in 1 year of course. I have brought live trading up about 3 months ago, and I was told that it is too early for live examples, but they will take place. Now we are at the end of the year, and if December is not good for Spyder, he may choose January or February and post it on the thread. Regards, Alex
Anybody have trouble being on the right side from 12:30 to 13:00.. couldnt make much sense of this action hence missed the downturn @ 13:05
I was confused myself for a bit. I thought I had an up channel then the 12:45 bar happened. "Oh, R2R + RTLbo." Wrong. Once I finally realized that I was too zoomed in and moved my PT3 to the 12:50 bar, I was able to get in a place where the 13:10 move was clearly visible.
Pr0crast - That was a great trade you posted. I am enclosing my trade of the same 13:00 bar. I closed at the RTL and waited for the BO. As you can see, I am still giving caution to the strength of such a key reversal. I was convinced by the loss of Black (Green) volume, but wanted more instruction from the market before ignoring the RTL. Thus I see clearly your convition to stay with the tape until it declares a flaw or FTT. Thanks for offering a demonstration of changes in sentiment and controlling fractal.
This so far appears to be a civilized discussion about what Spyder should or shouldn't do with respect to what he said he would do. The reality is no matter what Spyder does he will harangued by some subset of ET'ers. So if I might be so bold, might I suggest that everyone let Spyder do whatever he is going to do and unleash the blab-monkeys on December 31, 2007. Which is to say it is December 17, 2007 and by my count there are still several more trading days till the end of the year. Parenthetically I might note that if you need a live demonstration by Spyder to validate whatever it is that you are doing with the methodology elaborated on in all these threads, then perhaps you should ask yourself the question: "Why do I need this Spyderific validation?" Quite frankly I really don't know why he said he would do this as there was clearly absolutely no necessity to do so. The simple fact that he said he would, should tell you something about the man. So, chill, and wait. It's freakin' Christmas time. lj Sorry pr0, I didn't see your post till after I wrote this thing, but WTF, your sentiment bears repeating.
Why are you always the first person to post things like this Nkhoi? Personally, I think that any video spy does or any trades he shows us can only help those that are already making strides, get even better. To be able to work backwards through a Spydertrader trade can open our eyes even more to things we can improve upon. Dont always assume that its always the lazy ones who want to see "proof" or whatever you want to call it. Just because you are making $1000's or more a day doesnt mean there arent others out there who think that videos/trades are beneficial at this point in the journey. Let Spyder be the one to discuss this (and he did I believe a few days ago). He doesnt need your cyber muscle
Hi Pr0crast, Thank you for bringing this to my attention. Yes, I missed it. Let's wait and see what comes out of it. Regards, redduke