9:35AM, May 05, Who Is Shorting NDX
- Thread starter riskfreetrading
- Start date
Maestro:
You can read what I wrote in my thread of last evening about NDX. That is an analysis based on numbers.
If you were to re-read my writing of this morning, you would noticed:
1. The conclusion of down day (at least partially) was reached at 9:35AM. But there are two questions: direction + timing. The timing was to come later.
2. The perfect entry was at around 10:10AM.It was predicted yesterday, and also today. At around 10:10AM, I was certain of the descent as my analysis was producing exactly what it said it would produce. At 10:10AM, the market had a zero degree of freedom, with only one possibility: down, and it did.
My analysis told that if the market behaviour in certain area, by 10:10AM it will have to fall. There was no other alternative according to my formulas and analysis procedure.
You can read what I wrote in my thread of last evening about NDX. That is an analysis based on numbers.
If you were to re-read my writing of this morning, you would noticed:
1. The conclusion of down day (at least partially) was reached at 9:35AM. But there are two questions: direction + timing. The timing was to come later.
2. The perfect entry was at around 10:10AM.It was predicted yesterday, and also today. At around 10:10AM, I was certain of the descent as my analysis was producing exactly what it said it would produce. At 10:10AM, the market had a zero degree of freedom, with only one possibility: down, and it did.
My analysis told that if the market behaviour in certain area, by 10:10AM it will have to fall. There was no other alternative according to my formulas and analysis procedure.
Quote from MAESTRO:
Probably. But it does not make the subject less interesting, doesn't it?
Point well taken, it makes things amusing for all. You mentioned youâre a psychologist? You must find people like riskfree and the internets fertile grounds for case study. Why do they seek the approval of total strangers via these boards? But most of all why is it they always assume their tormentor has lost all their money? Just because people like riskfree get exposed they immediately fall back on the tired old same junk about how they know for sure everyone else is broke.
One more thing on this topic. Would the definition of insanity some how include .... Trying to prove that which is impossible to prove over the internet. Or in easier terms trying to prove you actually made the trades you posted on a web board without actually showing your books?
Every person is a universe! It is easy to dismiss something just because we do not understand it. But by doing that sometimes we deprive ourselves of a chance to see something tangible. This tangible could be in hands of a very insecure, lonely and sometimes very ill person. It does not make this something less desirable and it does not make this person less valid. I have been dealing with different personalities all my life. I helped a lot of people. You can only consider your self a worthy person if you LOVE people regardless of who they are! One person makes statements because he is insecure. Another one argues with these statements because it pleases his ego. What is the difference? All I am trying to do is to listen! It always pays off. Think about it.
And what has been the sum and substance of your observations and findings thus far regarding people's attempts to predict the market with time and price specificity?
So far I haven't been able to establish any strong correlation between predictions and the actual market behavior. On its own it is a very pleasing result and a huge reassurance of what I do. So far I am pleased with my observations. Sometimes negative outcome is more important than the hypothesis it self.
No meaningful correlation? I would have thought that, the more specific the price and time prediction, the less likely that the market would be to accommodate such specificity. Therefore, I would have expected somewhat of a negative correlation.Quote from MAESTRO:
So far I haven't been able to establish any strong correlation between predictions and the actual market behavior. On its own it is very pleasing result and a huge reassurance of what I do. So far I am pleased with my observations. Sometimes negative outcome is more important than the hypothesis it self.
Last night I went for a steak dinner at a very fine restaraunt.
I instructed the waiter to bring me the biggest, juciest steak in all of my town.
The waiter returned from the kitchen a few minutes later and replied "The boss says if he had the biggest, juciest steak in town, he would eat it himself".
(paraphrased from the best trading book of all time)
I instructed the waiter to bring me the biggest, juciest steak in all of my town.
The waiter returned from the kitchen a few minutes later and replied "The boss says if he had the biggest, juciest steak in town, he would eat it himself".
(paraphrased from the best trading book of all time)