(anti)-HolyGrail Day Trading Method (It applies for today's price action)

The poor baby had a bad couple of days. His last two days of calls have been horrendous. He has ruined rennick's thread by trying to prove he is better than the magic ball. He craves attention, and actually thinks he has millions of followers. He believes he is the only one who understands how to trade. Good thing I don't trade like him. I don't think I could sleep at night.
 
Quote from riskfreetrading:

in lying you mean? But I caught you earlier today in the other thread.

I warned you earlier that if you continue you campaign of games and manipulations that I will tell people your true nature.

ET members: This guy is a LIAR. He made multiple lies in the time of a few minutes. The proof is in the link below.

The essence of one of his lies is that he kept stating that NDX's high in the middle of day already went above 2027 when it did not even reach 2024. If this guy can lie about an index (a fact) what do you think he can do in other situations? He made other lies, check the link.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=99143&perpage=6&pagenumber=227

Also his quote of me is taken out context and from another threads. Is lying not enough for you HolyGrail? Do you want to become a falsifiar?
You're such a ... troll :D

You keep putting on these Shorts where your stops get blown, and then run around and annoy traders who point out the facts.

Here's your latest piece-of-work:
riskfreetrading blows it again

... and here's a chart of the short (he did ask for a chart from me :p ). The only liar around here IS YOU.
 

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Quote from shortie:

I think it is a pretty good return from one short-term index trade.
I don't think it's any good at all, and neither does my buddy Holy Grail:
Holy Grail shows'em how to trade

That's right, 5%, and from a stock trade no less. :cool:

P.S. And as you can see from my previous posts, we trade the futs, not the little unleveraged NDX (which riskfreetrading screwed-up on anyway). If he tried that move trading the NQ's he'd blowout his account in no time.
 
Quote from riskfreetrading:

I will state the method, and give the reasons of the naming later. This applies to indices (not stocks), and price actions such as what NDX did today at the close:

1. If index (NDX) closes at high of day trading range, and close to a flat or decreasing daily bollinger band, short the index.
2. Cover sometime tomorrow on the assumption that the next bar (tomorrow) will have its low shadowed by the body of todays bar.

What do you think are the chances of this simple trading system to show profits tomorrow?

I shorted NDX (via some vehicles) when it was at 2032 at today's close, based on the reasoning above. How much do you think I will lose or gain tomorrow, and what are my chances?

The name came because of some ET members led by (HolyGrail) who think selling the top of a day is always a bad proposition, and that one should always buy at the close when the day high is at the close. My view is that it is not true with an index closing near a bollinger band when the latter is is flat or decreasing recently.

riskfree,
did option expiration influence this trade? would you take a large position had it not been option expiration tomorrow?
 
Quote from shortie:

riskfree,
did option expiration influence this trade? would you take a large position had it not been option expiration tomorrow?

Shortie,

I think option expiration can be an issue:

1. Against the trade if they want to pin it (in the case for instance of the QQQQs to 50.00) of higher.
2. For the trade if they want to be pinned at 49.00 for the QQQQs for instance.

If tomorrow the market stays flat, then I would say it is a pinning issue. All in all, I really do not know.

The main reason for the trade is in the point that the low of a bar (for an index) intersects with the body of the precious day when price is extended from a moving average (particularly on an upmove).
 
Donot short these markets. They are rigged for the pleasure of the long investor. All your deestruction of the charts is unwarranted, your dreams of total collapse were all in your head.

Today, my staff and I paper traded like MANIACS long. We even played that song from Flashdance while we paper traded to massive gains. My staff and I celebrated with a high five and a miller lights after the close of the market. Donot get cocky with your short positions, my staff and I will be standing buy to blow white candles up your butts.
 
I actually believe there is some merit to systems that do things like risk described. Here's the equity curve of one I stumbled on. It uses different entry criteria, but it's the same principle.

This is a one lot ES over an extended period of time.
 

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