So where do we go now yoohoo? Was that "reversal" real or was the market just taking a breather before it plunges through the support of the recent lows?
Good question. What do you think Stef? Show me yours and I'll show you mine so there's no guseeing on my part about what you think. Let's go thru to March of next year.
Ah ha! The challenge to a duel has been laid down. Will Stefan step up, or cower away? Does Stefan have anything substantive behind his naysaying, or is he only an expert at saying what won't work, rather than what will work? The spectators are filling the stadium with a hushed murmur as they all await Stefan's response. Will he loudly proclaim "I take up your challenge and this is what will happen!"? And the crowd will roar with approval in anticipation of crowning a victor. Or will Stefan slink away, muttering "Well, I really don't know.....I don't make predictions....the moon has nothing to do with whatever happens......"? And the crowd will pelt him with rotten tomatoes as they file out in disgust.
My nay saying is not because I think I have a better prediction for the future, that would be foolish. My objections are against making one sided predictions. You're smart not to respond to me, but I'll say you're even smarter not to believe your own predictions. The onus is not on me to make the predictions. I am here against making them. But it is fun to listen to them... Sandy, you called it a V bottom....sad lookin V so far. haha
Ah, I think we're talking about trading here, not investing. No one said that V bottom was the low for the next 20 years, or even the next week. But for a trader that was one terrific (and rare) V reversal. A 60 point ES drop straight down and then straight up in 3 hours certainly qualifies as a trader's V reversal. Anyone else see V's on these charts, or is it just me?
Sadly (but not surprisingly), Stefan forfeits the duel as he scurries out of the arena, wiping tomato seeds from his eyes and cabbage shreds from his hair. He returns to the safe confines of the ivory tower at his beloved university, having disappointed the throngs who had showed up to witness the battle to the death between Stefan, the academic, most likely penniless, skeptic and yOOhOO, the mOOn trader (otherwise known as the lunatic by Stefan's few supporters). Meanwhile, the stadium fans (yes, those loonie moonies) remain restless in their seats, hopeful that even though Yoohoo has already won the challenge by forfeit, he will be benificent enough to share how he would have bested his opponent, had he not run away in fear of having to publicly commit to how he trades (via whatever method he sees fit).
Haha, we can't trade the moon intraday with your charts! If the moon was worth its salt, it would call a swing trading reversal, not intraday reversal. Isn't yoohoo playing the moon with daily charts? That's where your V kinda looks a little crooked so far. This is funny as hell. Im teasing. We'll see if the moon is worth its salt next phase.
QUOTE]Quote from stefan_777: Haha, we can't trade the moon intraday with your charts! If the moon was worth its salt, it would call a swing trading reversal, not intraday reversal. Isn't yoohoo playing the moon with daily charts? That's where your V kinda looks a little crooked so far. This is funny as hell. Im teasing. We'll see if the moon is worth its salt next phase. [/QUOTE] Funny is not the word for it - Stef, your one of a kind and you've added the uncommon touch that has probably kept the thread alive. Hope the giant sized intraday chart helps you see the 900-point "V" reversal. I going to give you 4 FREE traders secrets, but you gotta keep them to your self. SECRET No. 1 You can use the moon for intraday as well as daily When you see a signal on a 5 min chart, that's not a Daily chart...it's an Intraday trade. Here's the one you read on Thursday past... Quote from yoohoo Meanwhile, back in the real world, nice reversal on the 5 min chart as I look at the moon. Triggered 8085 Dow. Secret No 2 When you read the CORN trade and they were talking of running a trade from March into May, that is a Swing Trade. Almost well spotted. It's decent of you to say that the swing trade shows that the moon is worth its salt but that's not my measurement of salt worthiness. Secret No.3 I called loads of moon trades and they have all worked. If you keep looking you will eventually find one that won't work. Traders describe this as "nothing works to perfection all the time". Sooner or later you'll find a moon trade that doesn't work and then you'll know the real truth. It never worked - ever. I bluffed and it was just centuries of good coincidences, that's all. A bit like you mentioning you repeatedly blew up your account - that's just a series of bad coincidences. Secret No. 4 Am I playing the moon only with daily charts? Both intraday and daily are used - the trade is entered intraday for the best price. If you read back you'll see the move sometimes lasts 2/3 days and sometimes it's a major cycle swing but you always want to get the best price intraday. Finally, just to prove again that the moon is worth it's salt by your measurement, in addition to many swing reversals posted here, I expected the Dow to go up until one day after the election result, then swing down into this full moon and thereafter swing up from Thursday. Those past two swings were correct like many others but we will have to see if this one swings. If it doesn't there will be planty of opportunity to reverse. So when you say, "If the moon was worth its salt, it would call a swing trading reversal, not intraday reversal", you'll find several charts of prior examples of swings like these. Thanks for the doubts. Questioning a method is always beneficial to all and if it can't stand up to traderâs doubts, that trader shouldnât touch it with a barge pole.
Funny is not the word for it - Stef, your one of a kind and you've added the uncommon touch that has probably kept the thread alive. Hope the giant sized intraday chart helps you see the 900-point "V" reversal. I going to give you 4 FREE traders secrets, but you gotta keep them to your self. SECRET No. 1 You can use the moon for intraday as well as daily When you see a signal on a 5 min chart, that's not a Daily chart...it's an Intraday trade. Here's the one you read on Thursday past... Quote from yoohoo Meanwhile, back in the real world, nice reversal on the 5 min chart as I look at the moon. Triggered 8085 Dow. Secret No 2 When you read the CORN trade and they were talking of running a trade from March into May, that is a Swing Trade. Almost well spotted. It's decent of you to say that the swing trade shows that the moon is worth its salt but that's not my measurement of salt worthiness. Secret No.3 I called loads of moon trades and they have all worked. If you keep looking you will eventually find one that won't work. Traders describe this as "nothing works to perfection all the time". Sooner or later you'll find a moon trade that doesn't work and then you'll know the real truth. It never worked - ever. I bluffed and it was just centuries of good coincidences, that's all. A bit like you mentioning you repeatedly blew up your account - that's just a series of bad coincidences. Secret No. 4 Am I playing the moon only with daily charts? Both intraday and daily are used - the trade is entered intraday for the best price. If you read back you'll see the move sometimes lasts 2/3 days and sometimes it's a major cycle swing but you always want to get the best price intraday. Finally, just to prove again that the moon is worth it's salt by your measurement, in addition to many swing reversals posted here, I expected the Dow to go up until one day after the election result, then swing down into this full moon and thereafter swing up from Thursday. Those past two swings were correct like many others but we will have to see if this one swings. If it doesn't there will be planty of opportunity to reverse. So when you say, "If the moon was worth its salt, it would call a swing trading reversal, not intraday reversal", you'll find several charts of prior examples of swings like these. Thanks for the doubts. Questioning a method is always beneficial to all and if it can't stand up to traderâs doubts, that trader shouldnât touch it with a barge pole. [/QUOTE] Hey, yoohoo, I sent you a P.M.