Quote from coolweb:
1) Gap ups don't count, basically none of you can benefit from the gap up unless you were in the stock beforehand
so gap up = useless .
If your analysis suggests a stock (or several stocks) should move
lower in price (or not at all), and those particular stocks gap and run in the
opposite direction, then I suggest it does count.
Quote from coolweb:
2) JMDT - I said above a certain price then it will go up.
No you didn't. I have quoted you directly.
Quote from coolweb:
JMDT above 23.73
Perhaps, you could provide more clarity in future contributions.
Quote from coolweb:
3) PETS - breakdown doesn't have to be today.
Price Action Analysis which involves some mysterious date in the future, rather than, today's Watch List doesn't really provide much direction now does it?
Quote from coolweb:
4) 20 cent movements are not movements thats chop
When you 'predict' a lower price, and the price trades higher, you should not expect to receive a 'correct' score for that prediction.
Quote from coolweb:
5) I know your method already so, I'm just giving you some actual price action analysis.
Thank-you again, for providing an example of what
not to do when trading these methods. Following your analysis would have cost people money today. Perhaps accuracy isn't a top priority in your journal, but here, we run a much tighter ship. In the real world, inaccurate predictions have consequences. Those consequences may involve significant loss of capital. I suggest you refrain from dispensing 'price action' advice in this Journal until you can at least maintain an accuracy level above that of a coin flip.
Again, continued success on your trading career and with your Journal.
- Spydertrader
and whats missing from it