1302 is an Axis of Evil number...
HAVE STOP <img src="http://www.enflow.com/p.gif"> WILL TRADE
sndp500 trader..
- Thread starter simon1080
- Start date
HAVE STOP <img src="http://www.enflow.com/p.gif"> WILL TRADE
You all really should actually watch his videos and learn how to utilize his levels before you attempt to criticize something you obviously know nothing about.
To those who fail to take the time to watch his lessons, thus fail to learn how to trade his levels, I would agree that they look like nothing more than just a bunch of numbers.
In regards to the 1302, just fwiw and fyi, not that you'll understand it, but if you will take this opportunity to look at the chart below, 1299 was pierced but 1301 was not even touched - per his lessons, this was a signal to either exit your long or look for a short entry on a confirmed break back below 1299.
Those who have learned from him were not looking for price to even get to 1302 - and once again, he was right.
If you wish to learn what he teaches a "confirmed break" is, watch his earlier videos because that's where he teaches about it exhaustively.
Also note that he does not give daily pivots because he expects us to do that for ourselves.
Good luck!
Steve
Hey Steve,
I gather from your post that you have a sincere admiration for this guy but I assure you, the ES does not plot pivots every 2-3 points, this would imply the ES daily ATR to be only a fraction of what it currently is!
When someone chooses dozens of numbers where price could decisively react to, in essence what a pivot is, then it kind of gives the impression that you don't have a clue where the real pivots are because ES usually responds to a range of 15-25 points not 2-3 lol.
Attached please find ES Friday's analysis, even on a low volume day ahead of a long weekend holiday which tends to produce short ranges of price fluctuation you can see there is no way in hell the ES has so many pivots.
Sorry man, stating so many pivots is frankly, absurd, but something tells me I will not change your mind.
Anek
Anek,
Look at the chart I posted. He gave these levels for the week, before the week started.
As you can see by the chart, price consistently "did something" at or very near the levels he posted.
His lessons teach what signals to watch for *AT THOSE LEVELS* in order to either remain or get on the right side of the trade......or just go to cash.
His lessons teach the basics, i.e. low risk only.
Speaking only for myself......do I trade *only* his methods? No, I've been in this game 10 years so I have my own certain patterns etc. that I will trade. . . things he has never mentioned in his lessons. Sometimes I win, sometimes I lose - - that's the market.
But because I've been in this game 10 years, I know good info when I come across it and I can say without hesitation that he offers excellent info for free in his nightly vids. As such, I continue to recommend his stuff.
If you knew me personally, you would know that if I thought his stuff was BS, I'd be the first to either say nothing or tell it like it is.
But I don't care who you are - if you trade or invest in the market, his info is good and it works - but if you only look at one thing he offers without understanding how he teaches the way to use them, then you neglect to understand his lessons that have worked repeatedly and that he offers for free.
Check the comments on his last 100 videos - people who have put time in to learn, have made money - or at least lost less thanks to his free videos.
BTW, after 10 years, I'm still learning.
Steve
See, I'd be interested in seeing your comment.
I'm always interested in others market opinions - sadly, he needs to filter comments due to typical idiots that often decide to post spam or otherwise derogatory bs, but please, if you can remember, please post here what did not end up posted in his channel.
Also consider that he literally gets 200 - 300 email questions each night and might understandably choose not to post certain questions in the comments because that question usually leads to even more questions?
Trying to give the benefit of the doubt because I totally trust him and his sincerity in regards to the great free info he offers.
Thanks!
Steve
Cool, thanks.
I have used MACD with not much success in the past, but the way he uses it has worked a little better for me......but like you, for me volume works better too.
MACD is used only as a tool, one that is used only for possible confirmation - - but timing it with MACD still eludes me.
I'd like to know his settings - perhaps that would help.
Steve
Well the same thing could have been said about his 1289.50 level. That too was pierced on the same day, and the next higher level, 1296 was not touched before price confirmed a break below 1289.5. So, had one followed "the lesson" they either cut their profit short or were stopped out on a short trade after price continued higher.
Tell me something Steve, at what price would the ES have had to trade at on 8/28 for SNP500Trader to have been completely wrong?