Contrarian Trader Tops And Bottom

[padutrader]

At ET calling tops/bottoms is frowned upon

yes it can be done ....but how can you make money:after all that is the objective, not to be called an expert or a guru

you will be wrong 6 times and right once ...so you need a very high risk reward so that is why some traders just do not bother.
i like calling tops and bottoms and so i trade M1; there are more tops and bottoms...but if there is no bottom in place i do not wait for it, i short.
What i am saying is that i am not a king not a GOD, i accept that market is the KIng. market gives me money! you give me money i will accept that you are GOD

 

[birgitta_stockholm]

My call and trade were posted today

 

[padutrader]

You have some golden nugget here... now go and trade it !

yes i trade it all the time

 

[birgitta_stockholm]

yes it can be done ....but how can you make money:after all that is the objective, not to be called an expert or a guru

you will be wrong 6 times and right once ...so you need a very high risk reward so that is why some traders just do not bother.
i like calling tops and bottoms and so i trade M1; there are more tops and bottoms...but if there is no bottom in place i do not wait for it, i short.
What i am saying is that i am not a king not a GOD, i accept that market is the KIng. market gives me money! you give me money i will accept that you are GOD

Well said, thanks TG

 

[birgitta_stockholm]

For op

why your thread in 2018 can be sooooooo important?

because this current top on Jan 26 is not just a 1-min, 1-hr, 4-hr, daily, weekly or monthly or quarterly top. It has the potential to be a yearly top starting from the 1700s United Kingdom data and splicing US data from 1800 to current

 

[birgitta_stockholm]

Anybody here who can’t call a top on the 1-min. chart raise your hand. Trend followers can call it after a 23-38% correction. If you can call it with just a 10% correction you’re already way ahead.

Then narrow it down

Same-o for all tineframes, fractals

 

[padutrader]

that even a 1-min chart has top/bottoms and trend reversal.

yes but the one min time frame reversal will go for 40-50 ticks
I did not say, a bottom on the one min chart, will reverse a ten year, down move.
i did not spell it out because i was under the impression that traders will understand the meaning time frame and what to expect out of each time frame.
my fault: i did not know the level of traders who would read my post

 

[padutrader]

It has the potential to be a yearly top starting from the 1700s United Kingdom data and splicing US data from 1800 to current

so you are going to trade it for the next 3 centuries

 

[padutrader]

i am not here to make calls .
i am here to help those who accept my help and believe.
I trade to make money not for prestige

 

[birgitta_stockholm]

so you are going to trade it for the next 3 centuries

No, the centuries call is not for trading purposes, its for safety, self-preservation during the Depression oh magnitude greater than that of 1700s, 1929. Trading will be pointless because we won’t get paid. Brokers will by definition go broke and abscond