Straight up tomorrow

[theplumber]

I hear ya, this is a game of possibilities. But there is a fine line between prediction and technical analysis , aren't you predicting a price move your way when you get into a trade? Pattern recognition is a form of prediction, that the immediate past will repeat itself, until it doesn't. I'm a buyer at 984 with stop 982 and target 990-992.

Quote from trader99:



I mean you guys are missing the point of trading. I don't do prediction. I just don't. Because, wtf? I'm not GOD! I'm just a trader. Who knows what will happen next?

When the right conditions come to short, then I'll SHORT the hell out of it. When the right conditions come for long, I LONG the hell out of it. Why should I invest my time in useless predictions. It's nice to think and analyze the market and go on and on.

I've done my fair share of predictions and loss. Now I just go with the flow.

I'm not saying predictions aren't good. They can be if you are right. If you can predict the near term top or bottom of something then it can be extremely profitable. I'm just not sure of ANY valid methods out there to predict minor tops and bottoms. I just trade when it's obvious. Maybe some people can predict, like Harry. I never understood his methods. But he sounds like a good analytical trader and obviously making money. So, cheers to those who can predict stuff. Or Jess J who likes to make "market calls". I'm a trader. I just trade. I don't make market calls. I make them for fun, but I don't trade on them.


Now, IF the market turns around later this afternoon, you'll better be sure that I'll be going LONG!

think about it!

99

 

[dgabriel]

Quote from trader99:




Now, IF the market turns around later this afternoon, you'll better be sure that I'll be going LONG!

think about it!

99

Not much to think about. Rather self evident.

 

[inandlong]

Quote from EqtTrdr:

... yesterday we made a minor change to the + side.

So basically today pushes the trend day foward another 1-2 days

so either Friday or Monday can be a trend day, and because of the mixed signals, it is unclear which way it will be.

Looks like things worked out as stated so far. Sure, the initial post was a bit one-sided, but the above quote nailed it.

 

[trader99]

I shorted some more!!! OH YEAH!! Come to daddy!!!

 

[trader99]

Quote from theplumber:

I hear ya, this is a game of possibilities. But there is a fine line between prediction and technical analysis , aren't you predicting a price move your way when you get into a trade? Pattern recognition is a form of prediction, that the immediate past will repeat itself, until it doesn't. I'm a buyer at 984 with stop 982 and target 990-992.

theplumber,

In some loose sense, all of trading or speculation is "anticipation" which can be interpreted as predictions. But I like to think of it as making "rational bets" all day long.

It's like counting cards. You don't know what you'll be dealt with but given the situation you have a certain odds. And over time you have a positive expected value that should payoff. On any single trade you can lose. But that's OK. But over the long run, if you method is any good then it should yield a positive profit.

That's the basis of all trading. If you can't think in probabilities then you'll be in deep shiet in trading.

I wished i had my ORIGINAL shorts this morning. Oh my god, if I still held on, I'll be in major Caching! But I'm conservative. I play it safe.

Anyone, want me to mentor them for $8K? On a day like this, even with a small account you can rake in $5K-$10K if you are careful. That's using maximum leverage(meeting min margin requirements). So, the mentoring fees would pay itself right away. haha. LOL.

good luck. i might cover.

99

 

[theplumber]

Almost made it, out @989

Quote from theplumber:

I hear ya, this is a game of possibilities. But there is a fine line between prediction and technical analysis , aren't you predicting a price move your way when you get into a trade? Pattern recognition is a form of prediction, that the immediate past will repeat itself, until it doesn't. I'm a buyer at 984 with stop 982 and target 990-992.

 

[wally_]

too hard on the original poster. Usually, when people like him get so excited it's a good sign to fade them...

 

[Girlpower]

Play what you see, not what you think...

A good maxim I heard once that I remind myself of regularly (many times each day).

I prefer to leave the prediction business to others and ignor any prediction that comes out anyway...

Keeps me out of trouble

Natalie

 

[theplumber]

Looks like you were a trading day early. Maybe another neat square in price and time.

Quote from EqtTrdr:

YEAH baby! Who's your daddy?

We are going straight up so hard tomorrow in a beautiful trend day up....

I love squeezing shorts!!

When will they ever learn?

and I didn't say this, the McClellan Osc did---

Squeezem' if ya got em'

 

[inandlong]

EqtTrdr - from the action of the Dow I would think that the McOsc might have signalled a McClose. Your verification would help, but I will look on the links you provided earlier. Thanks and good luck tomorrow.