Quote from makosgu:
CASE AND POINT! What authority do you have such that you are required an answer. The proximity of market turns is IRRELEVANT. But in your mindset, you deam this to be an IMPORTANT Q when for Dow et al it is the least important aspect.
The key to great trading is consistency. Being conservative, what if you could consistently pull 25% out of every trend that you can SPECIFICALLY identify. A pinpoint would be 100% of the trend. The difference between 100% and 25% every time is a growth factor. But if you could do either percentage consistently and everytime that a trend is identified, who cares??? CONSISTENCY and FREQUENCY are what are important. Not a PINPOINT!!! The former is what immensely gets rid of the fear when you're a noob.
MAK!
Hey if they are too afraid of answering my question then they should refrain from retorting with name calling(victor), or continuously dancing around attempting to explain away their foolishness with strawman arguments (charlie).
You sir however seem to forget that the ordinal claim was how accurate these calls were "pinpoint" and it IS RELEVANT to my trading . When have you got a fill verification from your broker oh you got in "around" so and so price?
All of my fills seem to have exact numbers, so knowing how close " pinpoint" means (1 tick , 5 ticks, 20 ticks)is essential to determining usefulness to my trading or maybe you just enter without protective stops.