Forecast for 25th & 26th Aug'03

I still think that his charts are good except they keep getting posted upside down.

abhay you may want to talk to the moderators about this. It's possible that there is a bug in the "attach" function of the forum software that inverts your charts.

Moderators: can you look into this pronto?
 
Quote from Tea:

I still think that his charts are good except they keep getting posted upside down.

abhay you may want to talk to the moderators about this. It's possible that there is a bug in the "attach" function of the forum software that inverts your charts.

Moderators: can you look into this pronto?
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I'm assuming this is a joke, lol.

amazing how many fools fall for abhay ridiculous forecasts.

abhay you should at least get one forecast somewhat on the money to get some respect before you act like the all know it all super trader.

 
Quote from newtoet:

am looking for more downside this afternoon.

I think you may be on to something. If the consolidation on the 5-min chart continues that would increase the potential break-down this afternoon. I may have to pull this trade.
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Sample from Mecro's post.

I hope you will stop preaching here until you understand trading.


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Mecro

08-17-03 07:47 PM


I lost bout half of my first 1000, half of it to commissions.

But at least I learned a lot.
 
Quote from newtoet:

The tool worked pretty good for me today. I paid no attention to forecast times, I took a short position on the 15-min chart at 9:45, and am looking at a nice gain. I have stops in place to protect profits, but am looking for more downside this afternoon.

If you don't like what abhay is posting, why waste time here?
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I "waste" time here because I have already been down this road in my trading, thinking that there is some magical order that will lead to trading utopia.

There are a lot of newbies that read these threads and think that if they just subscribe to this or that service that somehow they will pump out ES points everyday.

The author of this thread claims 80% accuracy, turns within 15 minutes, yada, yada. Yet he will not lay out a method of trading his forcast to achieve these claims other than some vague mention of volume and a list of indicators. There was NO reason based on the forcast for you to go short when you did. I'm glad your intuition made the call profitable for you, but it had nothing to do with the forcast. The turning point was more than 2 hours off...that is getting into blind luck territory IMO.

My only purpose of bringing this up is to warn newer traders of the pitfalls of believing this stuff is the path to riches. Yes, there may be some value in helping your bias for the day, but it is not a profit machine as it is marketed as. If it were, he would make his money from trading it and not selling it.

I've made my warning, take it or leave it. That is all I will say.
 
I openly state I missed the trade today. But so what ???

For me today is not the end of the world and today is not the last day to trade and make profit.

Biggest thing, it keeps me on right side and protects me much more often from being on wrong side. Money not lost everyday is almost like money made.

I look for times when everything is in alignment.

War, you still don't post anything that gives you money. What a hypocrisy !!!

I want to make some more money, I will dump my sh** right now if you show me something that will make my day...

Still waiting....
 
Quote from abhay:

*lol* Look who is talking about posting upside charts.... *haha*

Tea, do youwant me to pull up all your other useless posts too ???


Tea

08-13-03 11:46 PM

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Tea said :


Probably an up day.

S&P500 just bounced off its weekly moving average and support. Trading in a rectangle. It will probably break through to the upside to new yearly highs up to 1050ish. Then trade sideways between the 200 day moving average and 1050 for a while.
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It is still trading in a rectangle. It has not broken to the upside or to the downside yet.

If it breaks out to the downside then yes I will be wrong and I will gladly admit it like a man.

As far as my forecast for an up-day - I believe it was for the next day 8/14 - it was an up-day.
 
If my reading of this chart is correct we could see a nice dip comming up soon (I'd get my fill) and then a nice afternoon rally i.e. recovery with a break-out tommorow.

Negative Divergence = positive momentum?

:) :) :)
 
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