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Forecast for 25th & 26th Aug'03
- Thread starter abhay
- Start date
First thing you can do is to stop believing that you are the most intelligent guy by assuming everything what someone else may be doing...
You don't even know an ounce of what I do and how I generate all this.
I neither use neural nets and neither are my charts %k , %D crossover.
Replicate anything of what I do and I will give you an honorary free access to 1 yr of my forecasts.
Show me one person who will be foolish enough to post forecasts in this skeptic world and stand here to be scrutinised and still be correct most of the times.
Following stochastics is not my primary indicator, it is just one thing to gauge the risk.
Experienced traders don't even need that, they know how to handle their trades. These guidelines are for other traders who need some guidelines to follow and have nothing of their own..
You don't even know an ounce of what I do and how I generate all this.
I neither use neural nets and neither are my charts %k , %D crossover.
Replicate anything of what I do and I will give you an honorary free access to 1 yr of my forecasts.
Show me one person who will be foolish enough to post forecasts in this skeptic world and stand here to be scrutinised and still be correct most of the times.
Following stochastics is not my primary indicator, it is just one thing to gauge the risk.
Experienced traders don't even need that, they know how to handle their trades. These guidelines are for other traders who need some guidelines to follow and have nothing of their own..
abhay,
So how are you trading this today? Your forcasted up move was until 11:30, so it missed by quite a bit. If you were waiting for the turningpoint at 11:30, you have missed a significant drop so far. Would you still be selling down here as 11:30 approaches?
These are the types of problems I've had with all "forcasting". If we sell down the whole day, the forcaster can say "look at how my forcast predicted a down day...the planetary mumbo jumbo was much stronger than I anticipated and thus the move was more powerful than first expected so you really should have made a bunch of money with it today..."
Yet in realtime, the trader would have missed the down move because he had an upward bias before 11:30 (might have even bought on the spike with the 10am release) only to be down now, wondering if the downward move had passed him by.
That is why all of this is no good without a trading plan built around it with some rules.
So how are you trading this today? Your forcasted up move was until 11:30, so it missed by quite a bit. If you were waiting for the turningpoint at 11:30, you have missed a significant drop so far. Would you still be selling down here as 11:30 approaches?
These are the types of problems I've had with all "forcasting". If we sell down the whole day, the forcaster can say "look at how my forcast predicted a down day...the planetary mumbo jumbo was much stronger than I anticipated and thus the move was more powerful than first expected so you really should have made a bunch of money with it today..."
Yet in realtime, the trader would have missed the down move because he had an upward bias before 11:30 (might have even bought on the spike with the 10am release) only to be down now, wondering if the downward move had passed him by.
That is why all of this is no good without a trading plan built around it with some rules.
Quote from abhay:
Lip,
I have no problem in admitting that some signals are wrong.
But all these comments about wrong or correct are from people who are not trading and just watching and are just interested in lookng at the picture.
To me as a trader what counts is money lost or made by trading those signals !!!
Tell me if my analysis of trading profits and losses appeals to you or not.
Personally I don't care about any particular's opinion about me...
Again emphasis is on counter my analysis of money made or money lost, count the money quit looking pictures....
First of all I trade everyday and have been doing pretty well in these slow summer days. I watch the futures non stop so your forecasts are hysterical to me. It's nice to know that you actually think that posting a record AFTER the fact means something. Don't you realize anyone can do that?
For Tuesday your forecast is actually a little similiar to the real thing. So you're 1/2 for 3 now. Seems like you have problems being even 50% on the money.
BTW if you are so great at making money, post some entries and exits PRIOR to the fact.
War,
Going by your logic, I will urge you to show me anything which you can lay down in concrete terms and will always give me profit.
I bet you won't be able to as there is no system yet (publicly known) which can always give you profit by following steps 1,2,3
So do you think I should recommend you to stop trading ???
First clearly visible benefit, it could have saved half of the people from being long here as fall was imminent.
If people could not follow it, it is ok, as you learn lessons and get an idea how to better use it.
I clearly said in weekend forecast that buying PUTS on 26th morning will definitely give atleast 20% profits.
For this reason and as I mentioned times arenot GOD written they usually have variance of 15-20 min sometimes 30 min (I agree to some it is a lot) then the strategy is building positions by averaging in multiple lots.
Show me any one instance which showed you in advance the market was to drop, which proves the power of astros as this was done 2 days in advance.
Think of it as a tool and not a trading system which is not to be followed minute by minute, rather as a strategy.
Abhay
Going by your logic, I will urge you to show me anything which you can lay down in concrete terms and will always give me profit.
I bet you won't be able to as there is no system yet (publicly known) which can always give you profit by following steps 1,2,3
So do you think I should recommend you to stop trading ???
First clearly visible benefit, it could have saved half of the people from being long here as fall was imminent.
If people could not follow it, it is ok, as you learn lessons and get an idea how to better use it.
I clearly said in weekend forecast that buying PUTS on 26th morning will definitely give atleast 20% profits.
For this reason and as I mentioned times arenot GOD written they usually have variance of 15-20 min sometimes 30 min (I agree to some it is a lot) then the strategy is building positions by averaging in multiple lots.
Show me any one instance which showed you in advance the market was to drop, which proves the power of astros as this was done 2 days in advance.
Think of it as a tool and not a trading system which is not to be followed minute by minute, rather as a strategy.
Abhay
I just entered a "buy" @ 983.75 Limit on the ESU3
If the market doesnt break the 878.75 level by 1:30pm est then we could get a bounce between 2:00pm and 3:30pm. In that case we could take out the prior resistance level at 1014.00 All we needed was a little pull back to build support for the next leg up.
If the market doesnt break the 878.75 level by 1:30pm est then we could get a bounce between 2:00pm and 3:30pm. In that case we could take out the prior resistance level at 1014.00 All we needed was a little pull back to build support for the next leg up.
Some people bitch just to hear themselves bitch.
The tool worked pretty good for me today. I paid no attention to forecast times, but had a short bias based on the projection.
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? Don't you have better things to do?
The tool worked pretty good for me today. I paid no attention to forecast times, but had a short bias based on the projection.
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? Don't you have better things to do?