October 2nd 2006, Black Monday?

Quote from polpolik:

Are you making enough to make up for the NG loss you sustained fighting the trend? :D
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yes - thanks. :)

i popped out of most of my NG the other day into a FMD trade - as soon as I close out the FMD position I will be back in to NG.
 
It makes a lot more sense to get long near the bottom of the channel, not top, wouldn't you say? No wonder the short sentiment is prevailing right now, whether the shorts (including myself) will be made to take heat and/or cover remains to be seen. Personally, I am of an opinion that if one was to consider whether to go short or long right now, short would be a wiser decision considering the underlying TA.
 
Hi blk,

No, I never give up for a one day trading results.

Still, I'm an Intraday day trader, and I'm doing really good with todays intraday prediction.

Check my journal.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=70418&perpage=6&pagenumber=29


Attached you'll find the Daily prediction of the system for the DJIA.

I'll send other indexes for you to compare.


Quote from blk:

So even you've given up with your system and its "prediction"? How does your system look today?
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Going against B1S2 ??


Quote from romik:

It makes a lot more sense to get long near the bottom of the channel, not top, wouldn't you say? No wonder the short sentiment is prevailing right now, whether the shorts (including myself) will be made to take heat and/or cover remains to be seen. Personally, I am of an opinion that if one was to consider whether to go short or long right now, short would be a wiser decision considering the underlying TA.
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Quote from dan05:

Update SP500
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The SPX "prediction" line is just horizontal whereas the other markets seem to be dropping a little bit.

Also as Karl pointed out, your system keeps changing the range drastically everyday.

Maybe its good for intraday trading, but looks like position trading is impossible with that system.
 
S&P500 flat for 1 month in October? I think even Dan05 raised an eyebrow when looking at the chart. I haven't been really following Traderpro's calls, but some of the ones that I have seen were spot on (intraday).
 
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