The Trouble With Scribbles

Don't you people ever tire of yesterday's news?

 

From Thursday:

 

Hindsight bias has completed taken over their mental process---- it's truly incredible. surf

 

You drew lines on a chart Thursday. So?

 

And price dropped to the median, as forecast. Did you trade it?

 

It looks like these guys are just doing a simple breakout/down trading method, why all the obfusication, unless they are marketing something, is just plain weird. surf

 

I missed it, can you provide the link to the post where you said price would drop to the median?

No I didn't trade it. Did you?

 

That's what the chart is for. The NQ is a mean-reverting instrument. When trading a mean-reverting instrument, one trades the reversals off the limits of the channel and rides them to the mean. That's the chief advantage of trading a mean-reverting instrument, knowing in advance what it is most likely to do.

 

We are not on the same wavelength. I didn't ask for an explanation of the nature of NQ. I asked for a link to the post where you said it would drop to the median, and if you actually traded it. A mean reverting instrument can still go the other way.