T-REX Journal

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Your stuff is laughable. I especially enjoyed the SPY buy signal in the spreadsheet. Next time, try calling the downside the day before as shown below, not at 11:30 the following morning when the market is already down :D.

http://www.elitetrader.com/vb/showthread.php?s=&postid=355614#post355614

Or you can go listen to Harry the Handwaver with pretty charts and nonsensical explanations but can't come up with a market call unless some poor schmuck pays 1000 bucks per month.
 
Quote from PoundTheRock:

Your stuff is laughable. I especially enjoyed the SPY buy signal in the spreadsheet. Next time, try calling the downside the day before as shown below, not at 11:30 the following morning when the market is already down :D.

http://www.elitetrader.com/vb/showthread.php?s=&postid=355614#post355614

Or you can go listen to Harry the Handwaver with pretty charts and nonsensical explanations but can't come up with a market call unless some poor schmuck pays 1000 bucks per month.
More...

You heard me say that my head hurt. Now I awaken from my nap to read your idiot statemnt. Obviously YOU cant read. It is not my fault that YOU missed yesterday's REVERSAL CALL to SELL SHORT "SPY" @ 104.92. Today it is TRUE that the system registered a buy signal @ 104.82. However, this is a "stoploss" to move your trailing stop on today to cover your short. Because the market gapped down on the open even if you wanted to go long your price @ 104.82 BUY STOP-LIMIT was not reached and therefore you would not place that entry point on a gap-down day. You obviously can't trade and would like some attention. I can't help you. I'm too busy. I've already provided you with "FREE" market research and insight. That is all I'll give to you. The next time you want to waste my time you better come with something of substance or you will be ignored!
I'm not well and I dont have time to waste on your ignorant comments.
 
Show of hands how many of you have been following along and caught it?:)

More downside could be possible tommorow into Friday. I'll have to run the system tonight for tommorow's numbers.

.........stay tunned.:D
 
I'ts very important to learn how to trade the "Reversals" in the market. Just because something has been going up steadily doesnt mean that it will continue to do so. Now I'm not saying that this is it but it pays to be prepared so that you can take advantage of these types of setups. That's why I post the
"2 Bar Charlie End-Of-Day System FORECAST Matrix"
So that you may have an opportunity to "PICK THE POCKETS" of the unsuspecting losers in the market.:D

Here is today's price action on an intra-day 5 min chart.
Not alot of opportunity intra-day to be a "JOHNNY COME LATELY".
 

Attachments

KEEP UP THE GOOD WORK...YOUR STUFF IS GREAT...WOULD YOU CONSIDER SELLING YOUR BEST STUFF...I KNOW YOU HAVE EVEN BETTER STUFF THAN THE GOOD STUFF U R SHOWING US...

THANKS AGAIN FOR HELPING US
 
Quote from porgie:

KEEP UP THE GOOD WORK...YOUR STUFF IS GREAT...WOULD YOU CONSIDER SELLING YOUR BEST STUFF...I KNOW YOU HAVE EVEN BETTER STUFF THAN THE GOOD STUFF U R SHOWING US...

THANKS AGAIN FOR HELPING US
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Thanks for the kind comments. YES. I have saved the best stuff that I use but it is not for sale. My proprietary system is called
"T-REX".
I have used T-REX since I was a Futures Broker. I have developed dozens of systems over the years. But none have come close to the "2 Bar Charlie" or "T-REX". I have been posting these two systems since my 2nd week with the journal.
As you may recall I started this thread posting another sytem that I and some collegues discovered back when I was a broker. The 93% accuracy/return rate was TRUE at that time some years ago. The "Volatility Break-Out System" main purpose was to manipulate an "edge" that was based on the night session in GLOBEX. Now that that "edge" has been removed because of the lack of volatility the system is no longer reliable so no wonder I stopped trading it years ago. I tried it again because I was curious if the relationship still existed in some miniscule way. But it does not!

Therefore I will stick to using what I have always used to make both me & my clients money. The 2 Bar Charlie & T-REX.

NOTE: The begining of this journal is a prime example of how system who's main focus is on exploiting some strange anomally in the market eventually "DIE A HORRIBLE DEATH"!
The only profitable & robust systems in my experience and humble opinion are those that are designed to exploit supply and demand. NOT exploit anomollies in the market. Because once the "edge" is take away - "so goes the system with it".:(

Also. YES. I am in the begining stages of developing something for consumers "FOR SALE". But until I work out the details and decide on the specifics of the service I will keep it to myself.
I have not yet spoken to Baron either so until I work out a sales strategy I will not talk about it until such time.:)
 
Quote from T-REX:

:D

Keep a close eye on the market today.
Overseas markets hit hard overnight.
Could see more declines today but don't be surprised if you see an afternoon reversal.:)

Lock in profits. trail your stops. get ready to take the money & run.:D
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T-Rex,

Market has already declined.

For example...ES closed yesterday @ 1030.50

Currently, as I type this message...ES is @ 1023.25.

NQ closed yesterday @ 1392.00

Currently @ 1375.00

Thus, so far, looks like it will be a downside outside gap (opens below yesterday's lows) unless things dramatically improve between now and 0930am est.

Also, there's a key economic report due out @ 0830am est...

It's going to need to be above expectations to turn things around prior to the open.

Take care T-Rex...

Stay alert...stay alive (military saying).

NihabaAshi
 
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