Dow TOP call - 10yr top formation done

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I studied Fundamental A first. All of it. When it became obvious that it was a hideout for scammers and jammers, THE MAN "serendipitously" created for me a head on collision with TA. I took the right hand diversion in a heartbeat and never looked back.

FA = tremendous room for scamming, jamming, untruths, embellishments on balance sheet and elsewhere + lies in news broadcasts etc., ....

TA = derived from Price's Open, High, Low, Close, Volume ... hard to lie (actually virtually impossible) about these features.

Therefore TA has the foundational truth from which I could build a castle.

I took it and here I am. NO regrets, only sheer poetry. And unlike the Pentium processor or its successor, that double in speed every 18 months, I double in speed and dexterity every six months. Doesn't mean the market won't hammer me; but if it does, I'll get back in the game faster i.e. recovery time after defeat is quicker. So as you can see, I have both aerobic and anaerobic angles covered.

:) :D :D
 
Putting the thread back on track .............

the intermediate-term top is now behind us. It is a completed cycle.

We now return to the THREAD title Dow top call, which is a daily chart call ............

If the market continues down, the Thread CALL will be concluded only if it is absolutely clear to EVERYBODY that April 26 was the TOP

Dow Jones Short continues unabated and unabashed
 
Quote from stonedinvestor:


In the end fundamental always beats TA, but TA can tell you exactly when to act on that fundamental idea.~stoney
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FA beating TA is a blanket statement as far as I am concerned. Both are tools. There is no way to measure what is more potent without looking at a user too. My little "fund" is up 70% this year, pure price action based. It's on ET, real-time entries, exits, stops. Ok, it's a higher risk strategy, when compared to maximum 2% loss strategies. But, higher risk per trade could be equal to consecutive multiple 2% losses. It's all about timing.
 
Quote from deadbroke:
...You might also want to post a pic of that 10-yr younger hottie you claim to be living with.
Fifty bucks says its a black fella.
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Does all this money you're (supposedly) making mean you can finally afford to pay the $50 bucks you owe me?
 
JSSPMK,

This is a very good journal and judging from your style you seem like a swell guy so I decided to read it.

I understand your buy and your sell and reverse.

However, I'm not too clear as to what constitutes the third order should the 1st two fail, do you keep playing the same consolidation on the other side or do you wait for a brand new one ?

Also posted a snapshot of the ES Cash, if you can show me how you would attack such consolidation, I would be most grateful.

Good luck with your trading and will be reading your new developments.

Thank you for your time when replying to my questions.
 

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Please re-post in my thread, TY!

Quote from Nexen:

JSSPMK,

This is a very good journal and judging from your style you seem like a swell guy so I decided to read it.

I understand your buy and your sell and reverse.

However, I'm not too clear as to what constitutes the third order should the 1st two fail, do you keep playing the same consolidation on the other side or do you wait for a brand new one ?

Also posted a snapshot of the ES Cash, if you can show me how you would attack such consolidation, I would be most grateful.

Good luck with your trading and will be reading your new developments.

Thank you for your time when replying to my questions.
More...
 
Shit cant delete it now.

Will repost in your journal now J.

Moderators please delete my post above, was supposed to go on his journal and well, screwed up.
 
Quote from Lucrum:

Does all this money you're (supposedly) making mean you can finally afford to pay the $50 bucks you owe me?
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Heck, I'd give a 1000 just to have a good look at you in person, you founding Father of ET, you! :D :D :D :D
 
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