Market Outlook

Quote from GrandSupercycle:

bhardy307,
Why are you still long Gold ?
It's now 1724
Bearish bias continues and further downside awaits.
I guarantee it
Still short.
More...

I am nowhere even close to the 1650 stop I have set. 1800 by Friday is looking less and less likely, I must admit. However, look at the day chart. Something significant needs to happen to push it below 1700. There's quite a bit of resistance in that 1705 to 1735 range.

I think we may both be wrong. Looks like its going to be stuck in that range for a while. I've been scalping it in both directions for the last few days and have managed to cover my losses on the primary trades that I have published on ET. Overall, my net XAU trading since we began arguing is actually positive. So, I can afford to be patient for now.
 
Quote from newwurldmn:
He changed his mind before the US market even OPENED.
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Huh ?
What exactly did I do ?

BTW, the market is open *well before* the SP500 cash index opens - which you wrongly interpret as the 'market'
Do you know what it's called ?
 
Quote from GrandSupercycle:

Huh ?
What exactly did I do ?

BTW, the market is open *well before* the SP500 cash index opens - which you wrongly interpret as the 'market'
Do you know what it's called ?
More...

'market' is a generic term to describe many different things that one might be trading at any given time. Atleast, that's how I use the word.
 
Quote from GrandSupercycle:

Huh ?
What exactly did I do ?

BTW, the market is open *well before* the SP500 cash index opens - which you wrongly interpret as the 'market'
Do you know what it's called ?
More...

You went from bullish to bearish over like 2 hours.

No one takes the e-mini's on globex seriously at midnight. Yes it's tradable, but it's not relevant. If you want to call equities intraday at midnight, call the Nikkei or HSI.
 
Quote from Nine_Ender:

Memories of what you posted on August 15th, 2010 on your blog :

" DOW and SP500 weekly charts Fri Aug 13 inclusive.

The indexes continue to be pulled in opposing directions by the
buyers and sellers – as exemplified by choppy price action and
megaphone wedges. Daily charts are bearish to neutral.
Weekly charts are bearish to neutral. Monthly charts are bearish
to neutral.

As mentioned earlier, weekly and monthly charts have been topping
and basically going sideways since early May 2010. This topping
process will cease and increased selling pressure and more bearish
consensus should result in a more pronounced downtrend
developing.

EURUSD daily chart is bearish. Weekly chart is neutral. Monthly
chart is bearish to neutral. The opposite applies for the Dollar
Index so further USD upside is still expected.

CRUDE OIL daily chart is neutral to bearish. Weekly chart is
neutral. Monthly chart is neutral to bearish.

COPPER daily chart is bearish to neutral. Weekly chart is neutral.
Monthly chart is neutral. Copper long term charts have not been
bullish for some time – warning what’s ahead for the global
economy.

Unfortunately the March 2009 lows will be breached as long term
trends remain bearish. "
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Sound familiar ? When will March 2009 lows be breached ? 19 months later and where is this "more pronounced downturn" ?
What were those tops in August 2010 that you called in SPX and many commodities ? How far has the US$ rallied from then ?

We need to drop one hell of a long way for this guy to even break even on his trading ideas. Oh I know, he says they are just ideas and not actual "trades". The "trades" he quotes are usually forex where he lists prices after they move and never issues a closing trade in real time.

Ignoring the "trades", there is irrefutable evidance that his market calls are horrible. Rarely has someone called markets this badly and continued to reiterate his same calls dozens of times.

So what are the current calls. Apparently, the same calls in August 2010 are on again. Almost to the exact word. Hard to pin this guy dowm but he did say the Dow was topped out first week in December.
 
Quote from GrandSupercycle:

bwolinsky, do you charge brokerage when clients buy and sell ?

Emini short 1341.50 [c 1346.00]
XAUUSD short 1753.09 [c 1728.13]
USDJPY intra day bearish warning.







WARNING: Nine_Ender / bc1 / bhardy307 are stalkers and sockpuppets.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3420767#post3420767
http://www.elitetrader.com/vb/showthread.php?s=&threadid=227449
More...

My broker does. I don't get any benefit from it, and that's not my incentive. My incentive is to make money and earn performance based fees. My custodians are Interactive Brokers, Fidelity, TD Ameritrade and my FCM is PFG Best. Every one of those charges commissions at their normal rates, but I don't get a dime of it.
 
Quote from GrandSupercycle:

bwolinsky, do you charge brokerage when clients buy and sell ?

Emini short 1341.50 [c 1346.00]
XAUUSD short 1753.09 [c 1728.13]
USDJPY intra day bearish warning.







WARNING: Nine_Ender / bc1 / bhardy307 are stalkers and sockpuppets.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3420767#post3420767
http://www.elitetrader.com/vb/showthread.php?s=&threadid=227449
More...

Ha! Ha! Ha! Didn't realize till now that I had been added to the list of sockpuppets. Poor, poor, poor, harassed, GrandSuperPooper!!
 
Quote from bhardy307:

Ha! Ha! Ha! Didn't realize till now that I had been added to the list of sockpuppets. Poor, poor, poor, harassed, GrandSuperPooper!!
More...

Yes, that guy's really immature.

If he understood the implications of making the posts that he does and the titles of the threads he uses he might have a little more credibility rather than none.
 
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