Dow Jones is going to the low of the corona wave that ended March 23rd 2020
then to March 2009 low of 6469
Will evaluate then because there is 1987 region that is a possibility.
Planet Earth's ultimate Short side game began Nov 2021
- Thread starter margin_gamble
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Dow Jones is going to the low of the corona wave that ended March 23rd 2020
then to March 2009 low of 6469
Will evaluate then because there is 1987 region that is a possibility.
@MrMuppet is the one who posted that thread and said it was a valuable read. And he carries a lot more weight than you do. If he says it's a valuable read... then it's a valuable read.
Why is it you spend all your free time here on ET giving people a ration of shit?
Me a Madman?
I accept with honor and will drink to that. Join me, brother?
Jesus dude, if you are seriously thinking that is a possibility, there is of course a song for that.
Damn, dude! Sickness to insanity indeed!
No, you misunderstand. I do not think margin is going to read that whole thread over the weekend. That equals serious work during off hours. Learn how to read forum threads.
overnight, pls read the opening post of the thread that ET poster ondafringe offered to me to read out of the goodness of his heart. Why am I asking you to read that first post? Because it is so rich, so outstanding it captured my full attention, now I can't wait to wake up and read it. Please do it. Don't be such a tight ass and display such outright ignorance. read it pls. IIf the 34 pages are even 1/100th as good as the first post I will be in hog heaven in learning good stuff. which is what I am here for.
I'm saddened that you are starting to dislike me. Damn shame.
No. You said the thread was old and he wouldn't learn anything from it.
And quit giving people a ration of shit just because they don't trade the way you want them to, or because they don't journal they way you want them to.
And BTW, you recently lost 24k, so who the fuck are you to be giving anyone trading advice?
Nonsense! The weekend is totally free time = off hours. No markets. heck I don't even have to do any TA examination to see what's going on in the markets. I am already prepared for Monday.
So my undivided attention will be devoted to the thread from ondafringe.
Dificult read you say? so what? I'm used to staying up all nite reading loads off stuff prepping for exams and whatnot. Its not anything unusual.
Good morning, Sir
Just to inform you that I have started reading the thread. Its 7:22 AM and I intend to spend time on it this morning.
I am enjoying it. You are spot on in your recommendation. such wisdom on the "leverage" factor, futures and so on.
See next post on op post about the Australian dollar in post #10 on Page 1.
https://www.elitetrader.com/et/thre...make-over-1-million-a-year-at-my-firm.280041/
see post #10 on Nov 22, 2013
Had I been there would have loved to help op to realize that AUDUSD had indeed already topped and was up sh*t creek. But of course I have the benefit of hindsight. So to neutralize this hindsight let me just say that the entire runup of AUDUSD on the monthly chart from year 2001 to 2011 was an unmistakable A-B-C pattern as shown.
So, then after Aussie began rising again to the alltime high in year 2011 the very first thing is of course Trendlines as shown. But I woould be watching like a hawk for the Top being printed at
C = A
C = A is the most common relationship between waves C and A. So the grid you see in grey is the very same grid that measures the move from 2001 to 2008. Then just move the grid and line it up with the low of 10/1/2008 and voila! Observe the perfect hit at 100%.
That would be the exit for a gambler like me. However a more conservative guy could wait for the trendine to bust on 9/1/11 and exit all Long and go Short for a massive BEAR that will consist of 5 waves down on the monthly.
The op would have a 2nd chance to exit by using my 2nd red trendline. This exit would be 5/1/13 and would for sure have convinced not to make the statements about the Aussie vs USD that he said. Aussie was about to have her head handed to her on a platter by King Dollar
Serendipity? Note the op's post date of November 22/2013. It was smack on the 61.8% golden ratio. Why is this important? Because op would k now that if Aussie broke this level all Hell would break loose and the downside charge to oblivion would ensue - which it did as you can clearly see.
see post #10 on Nov 22, 2013
Had I been there would have loved to help op to realize that AUDUSD had indeed already topped and was up sh*t creek. But of course I have the benefit of hindsight. So to neutralize this hindsight let me just say that the entire runup of AUDUSD on the monthly chart from year 2001 to 2011 was an unmistakable A-B-C pattern as shown.
So, then after Aussie began rising again to the alltime high in year 2011 the very first thing is of course Trendlines as shown. But I woould be watching like a hawk for the Top being printed at
C = A
C = A is the most common relationship between waves C and A. So the grid you see in grey is the very same grid that measures the move from 2001 to 2008. Then just move the grid and line it up with the low of 10/1/2008 and voila! Observe the perfect hit at 100%.
That would be the exit for a gambler like me. However a more conservative guy could wait for the trendine to bust on 9/1/11 and exit all Long and go Short for a massive BEAR that will consist of 5 waves down on the monthly.
The op would have a 2nd chance to exit by using my 2nd red trendline. This exit would be 5/1/13 and would for sure have convinced not to make the statements about the Aussie vs USD that he said. Aussie was about to have her head handed to her on a platter by King Dollar
Serendipity? Note the op's post date of November 22/2013. It was smack on the 61.8% golden ratio. Why is this important? Because op would k now that if Aussie broke this level all Hell would break loose and the downside charge to oblivion would ensue - which it did as you can clearly see.