Recent content by Mike Okistini

Longer-term trend is up for CL so when that happens I look for long set ups and disregard short-setups. Often helps me avoid getting whipped intraday...

"4th Quarter earnings will be $120 million" is a company forecast based on their internal analysis of their data. Traders take this info and hold it up against past sales data to determine if it is meaningful. If sales 4th quarter last year were $300 million, that makes the current forecast...

The more anyone tries to nail down your argument the more vague you get and claim we do not get it. You said corporate forecast, your statement is not a corporate forecast it is a vague general statement that implies nothing at all. It is typical of a person who cannot sustain an argument to...

How do you come to the conclusion that Iran is going to be invaded by China? Assuming it is true, what direct link do you have to make an investment decision?

How do they know they will crush the iPhone?

It uses past DATA... that is the key. TA uses past price data. FA uses past corporate earnings data. replace price with Data as that is the main point. Data comes in price form, earnings form, volume analysis etc... Book reading is reacting to buyer and seller orders being lined up to...

Wow.... you consider that a company forecast?

Let me demonstrate your analysis.... Book reading software proves that any tool that uses past data is BS. By the way, book reading data is analyzing trends in B/A and tendencies since the B and As are changing constantly and it is looking for repeated patterns...

Give me an example of company forecasts NOT using past information... Give me an example of a forecast of GDP or monthly job's report NOT based on using past information.

Company forecasts are based on past information... economic forecasts are based on past information. There is no such thing as future information and present information is collected from past data... If forecasts were accurate the market would know exactly what they were each time the actual...

So you ghost write for the people you think are worthless in the market....Every single tool uses past information to predict future price action, call it what every you want. There are those who trade and those who simply write about all day long year in and year out...

A huge following on ET and $0.50 will get you a cup of coffee at Dunkin Donuts. The guy if I recall was credit spread trader and being popular is like being the best looking guy in prison... doesn't help really in the end.

Says the man who makes calls non-stops and continues to tout the effectiveness of his Pile Drivers (which are actually great for fading to make $$).

The real question is why is any trader who uses TA/PA is obligated to come here and prove to anonymous posters with verified statements or repeated chart calls. I know of no trader worth anything who wants to waste time doing that. I certainly can spend a few moments posting a chat but to...