Let's play the GURU Game....One chance

Quote from RangeTrader:

*******MONDAY S&P 500 will finish HIGHER********

This is really kind of pointless... No actual trader has any clue which direction he is going to be trading until the market opens and patterns start to set up and support/resistance levels start to be tested.
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And when the market opens, and we have all the news and see the charts and support and resistance levels are tested, we still lose because we are wrong.:D
 
Quote from RangeTrader:

*******MONDAY S&P 500 will finish HIGHER********

This is really kind of pointless... No actual trader has any clue which direction he is going to be trading until the market opens and patterns start to set up and support/resistance levels start to be tested.
More...

Congratulations, you are the GURU OF THE DAY!!!

When the ES was down around 10 at night, it seemed as though ONLY a GURU knew what would happen next.

Well done, Guru.
 
Quote from BlueTurtle:

I agree, which is actually the point. The "gurus" do their newsletters the night before; however, they are usually WRONG and their entire newsletter is pointless. yes, people still pay.

then you have the traders on the close that talk about how easy it was making 2k every single day for months with no losing trades.

as a pure daytrader, you shouldn't even have an opinion the day before, but for some reason we all do. that hurts trading.
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The only "gurus" I ever see who post frenetically with attempts to forecast = predict price direction every minute of every single day are the addicted posters of every trade-call thread in this website forum.
 
Btw, if your curious about my logic... Here is why I am looking for shorts to get blown to hell this week...

I'm hoping for a morning selloff tomorrow... That will set us up properly for a major runup. If we get a morning rally the move won't be very powerful and odds will shift towards a late selloff.

Ignore that the daily ES was a red candle on my chart. Those are engulf trend candles.
 

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Quote from Random.Capital:

Halfway to being a genius.

;)
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Yeah, you're the one who got it exactly correct. I thought about that earlier today; I don't know if it was just dumb luck or if you put some thought into it, but it was the exactly right one.

Me, since I got it right today (even if I didn't specify the exact instrument, the default is the S&P, so I'm giving myself a pass; iron condor/butterfly players were the truly happy ones today, though): down tomorrow, on the S&P itself.
 
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