Quote from Mike Okistini:
You posted a vague entry below a blue line on a chart which has no price levels. So you could still come back after the fact and claim your entry was so and so if it falls to your targets. If it pops down and reverses back higher,well you can claim anything really.
Since your intelligence has not shown through in these posts, let me tell you what people here respect.
Put a sell stop price indication where you would go short BEFORE the fact so you go on record for your short price call.
Honestly, saying you would like to see price go below a blue line where there is not price indication of an entry means you can still make up whatever you want AFTER the fact.
Either post an entry in real-time/before the fact or you are just putting up charts that indicate nothing really.
I can put a chart up and say, if it breaks down then it will move lower. That is not a trade.
Well Mike O,
If want to teach me a thing or two about respect; maybe you should start and consider that name calling and belittling is what we adults all hope our little kids will outgrow and is thus not respectful....sorry your parents didn't have such luck on that one.
In regards to criticizing my forecast; I will take that criticism as a concrete s/l/t makes the call incontestable.
However; It was the safest recommendation that I could have given the trader under the circumstances. It was a realistic perspective on what might happen and what to look out for.
I would consider that helpful and that is all I really claimed that I would do here....maybe it's not the clear cut "s/l/t" format; yet it was really the best overall opinion under the circumstances as it needed time to finish testing the highs as guessing stop levels before the highs have been fully tested is just foolish.
The guy/gal made the inquiry back in June and I had noticed that the wave count finally appeared complete with an extended 5th wave and thus the pair looked good for good retrace.
So I did post a forecast and there is a decent chance that it might hit one of my targets and I don't expect any recognition from any of you stealth spam can defenders or ego defenders.
This was my post:
Quote from FXWave:
Hello Soon2Bgreat,
I took a look at this one through the lense of my analysis so the attached chart is my interpretation.
It could still test current highs as USD/JPY appears to have gotten a B12 shot and flexing it's muscles this morning but still at top of range and could just be busting stop orders.
Watch price today according to that blue support line and see if it holds beneath as this could be it's breaking pt. The Wave patterns look complete and ideal but this thing has been relentlessly testing highs before it reverses so patience and confirmation will be key here.
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Attachment: aud_jpy 60 min 7_27_10.jpg
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