Market calls...100% accurate!

[ML_QUANT]

817 if it hits 20 before 13 I'll take some long off
resist. at 20!

 

[ML_QUANT]

GREAT, took some long off at 19.25 area
it never reached the 13.
I'm not convinced by today's low.

 

[ML_QUANT]

Quote from ML_QUANT:

817 if it hits 20 before 13 I'll take some long off
resist. at 20!

GREAT, took some long off at 19.25 area
it never reached the 13.
I'm not convinced by today's low.

 

[ML_QUANT]

dropped like a rock from 819.25 seems to be going to 12 area where it has some support

 

[R. Raskolnikov]

You mention taking some off it it hits 20, then it didn't but you still took some off at 19.25.

Doesnt this go against your plan? How did you decide on 19.25?

Quote from ML_QUANT:

GREAT, took some long off at 19.25 area
it never reached the 13.
I'm not convinced by today's low.

 

[ML_QUANT]

Quote from R. Raskolnikov:

You mention taking some off it it hits 20, then it didn't but you still took some off at 19.25.

Doesnt this go against your plan? How did you decide on 19.25?

I had SPY order already at 82.29. Will post u a pic later

 

[ML_QUANT]

Also, nothing is concrete as I have always mentioned. You play it by the ear when you trade discretionary. I never care for the change, or even a couple of points.

 

[R. Raskolnikov]

I believe you, no pic necessary. I just don't understand why you would have an order in if the mkt hadn't touched the 820 area again? I assumed your system said "if and only if" 820 is touched or breached would an order be entered to cover some of the long position.

am I mistaken?

Quote from ML_QUANT:

I had SPY order already at 82.29. Will post u a pic later

 

[forrestang]

Quote from ML_QUANT:

From when I made the call which I think was about 810 can check it out, he rally never failed until 840. Check your chart and you'll see. A simple way of identifying a failure would be a higher high followed by a lower high for entry purposes. Mine is a bit more involved though.
808 Was the beginning of a cave left behind that needed to be filled. Again oversimplified and I look at more forensic evidence than that but these guidelines should get you on the right path.

What time frame are you looking at?

 

[R. Raskolnikov]

I trade discretionarily so I understand that, ok this one was more by feel then

Quote from ML_QUANT:

Also, nothing is concrete as I have always mentioned. You play it by the ear when you trade discretionary. I never care for the change, or even a couple of points.