Bear Market almost ready to resume. .....

[maxinger]

Just curious, Fibo, but why did you start shorting (1) before a retest of the high and (2) without a confirmation signal that the trend had reversed? And, BTW, how far away is your hard stop if the recent market gyrations turn into a replay of the brief 1998 bear market following the collapse of LTCM that turned into blow off top? Not a forecast, but you know the old saw, "The market can remain irrational longer than you can remain solvent." I actually think shorting the retest high is worth a swing at the ball, but you seem to have started swinging while the pitcher was still winding up.

some people are very good in counter trend trading.
I don't know how to do it

 

[Option_Attack]

Well...it's definitely the opposite of profitable trading! fibo = Price Drivers = Where money goes to die...

is that counter trend trading?

 

[volpri]

The cliff fell off the cliff and all the piglets went to their demise. This baby is in a grind up...he best “hope” for a reprieve in the p.m. after 1:30....

 

[fibo_trader]

Reminder for historians:


Before I came to ET nobody had a clue about what the greatest Index (Dow Jones) had done - it had sent out a massive signal QUIETLY without fanfare but all the folk who miss the forest for the trees - did not see it. It was the topping signal of the century. NOBODY here saw it.

I posted it here a few days ago, then got accused of fudging The grid to suit me.

So I used 24 pt font, triple thick lines on black grid. The grid is the crash wave in its entirety from 2007 top to 2009 low. Extrapolate the wave into the grid shown.

Behold the perfect hit at 261.8%. And there's more. Even the hit at the crash of 2015 was a perfect 150% hit.

Father, forgive the poor of America who are suffering bigtime now with stagnant wages, 2 or 3 jobs, food stamps in a bull run. But Father, for the lower middleclass like this entire site, pls send the Tsunami asap. Its the only cure for false pride. 95% of the ones here are one notch above homeless. That's the cure, Father.


Dow Jones monthly

 

[Buy1Sell2]

Do your homework - go back to the ET period 2005, 2006, 2007, 2008, 2009. .... nobody here or at T2W or anywhere else saw the real estate crash or the stock market crash NOR saw the 2009 bottom. NOBODY!

I did.

 

[Buy1Sell2]

Do your homework - go back to the ET period 2005, 2006, 2007, 2008, 2009. .... nobody here or at T2W or anywhere else saw the real estate crash or the stock market crash NOR saw the 2009 bottom. NOBODY!

FALSE. Here is a copy of a posting by me from the ES Journal archive dated Nov 16, 2007----

"All equity investments (muts) outside of the trading account were pulled at the close yesterday. I am 100 percent in cash and short the ES --Long Yen futures versus the USD as well"

 

[fibo_trader]

Confirmation of lesson confirmed and now cast in stone:

ET = small time traders, account size so undercapitalized it makes no sense to even bother trading, death is inevitable.

Their view of the larger perspective = 0

There are no TREND riders here, not a single one, nadda. At the 1st sign of the upwave sputtering, they bail. All the talk about let profits run goes out the window. Not a single one has the kahunas to let that wave comes down to Papa at 23.6% to 50% and then hammer it again. PROS know that the penny wise pound foolish small trader who TPs like this are never going to generate any wealth.

That is the reason I called the entire site Premature Ejaculation Central - but the Vatican cop here who has steralized this place to Sesame Street jumped all over me.

ex ET pros Lucrum & Convexx are lafffffffing their asses off as to how far downhill ET has gone.


Nice if. ........ Reinstate all ex pros who were expelled by the trigger happy cop here. Start with Lucrum and Convexx would be good

 

[Buy1Sell2]

ET = small time traders, account size so undercapitalized it makes no sense to even bother trading, death is inevitable.

Their view of the larger perspective = 0

There are no TREND riders here, not a single one, nadda. At the 1st sign of the upwave sputtering, they bail. All the talk about let profits run goes out the window. Not a single one has the kahunas to let that wave comes down to Papa at 23.6% to 50% and then hammer it again. PROS know that the penny wise pound foolish small trader who TPs like this are never going to generate any wealth.

FALSE

 

[speedo]

 

[volpri]

View attachment 199926 Reminder for historians:


Before I came to ET nobody had a clue about what the greatest Index (Dow Jones) had done - it had sent out a massive signal QUIETLY without fanfare but all the folk who miss the forest for the trees - did not see it. It was the topping signal of the century. NOBODY here saw it.

I posted it here a few days ago, then got accused of fudging The grid to suit me.

So I used 24 pt font, triple thick lines on black grid. The grid is the crash wave in its entirety from 2007 top to 2009 low. Extrapolate the wave into the grid shown.

Behold the perfect hit at 261.8%. And there's more. Even the hit at the crash of 2015 was a perfect 150% hit.

Father, forgive the poor of America who are suffering bigtime now with stagnant wages, 2 or 3 jobs, food stamps in a bull run. But Father, for the lower middleclass like this entire site, pls send the Tsunami asap. Its the only cure for false pride. 95% of the ones here are one notch above homeless. That's the cure, Father.


Dow Jones monthly



View attachment 199926

Who is spouting false pride? I’d make haste and get long.