Quote from bwolinsky:
Why do you always insist on standing in front of freight trains? Sooner or later you get crushed, and I don't understand why you keep making the same amateur mistakes and try to pick the hard bottoms when it's easier to trade tops and to see which direction the market is trending.
The physical price failure to a lower low is the first PPF BR LL I've see since November 10th, 2011.
The fact that this is the first in a long time may mean a bottom is in, but as far as liquidity I guarantee it'll dry up this week within 3 days and if you don't take that as fair warning, and me telling you that I have much more superior models than anything you are using, then I don't have much sympathy for your idiotic market calls.
It's bad enough to have a journal blow up, and for your namesake even the calls you are making are pretty terrible, and that's putting it lightly.
It goes back to my first question, and if you aren't profitable on this trade by tomorrow it will more than likely fail, and I expect you to recognize the reversal and exit as you'll see the market trend even lower as this is patently a classic bear market tell, and if my own analysis isn't enough for you here is a chart of today's failure, my system's entry at 1 am which looked pretty good up until the start of the drop.
I have no signals in my pairs systems so I'm not following these entries, but my warning to you tradingjournals is to beware of the next lower high, because if you don't exit there then you are about to make another terrible call among many.
Finally I will add that this is a bear consolidation on a higher low, with a probable rise to be expected with even lower lows following thereafter. Though I'm unsure if it will be a br ppf lower low or a higher low, I am sure that while there could be a rise, the exit I'm expecting will definitely be on a lower high, but this might fail, too, so even though I am sure we're going a little lower I can't say with certainty because my pairs system doesn't think so even if price physics says that it is likely to profitably buy this bottom it is an extremely low percentage trade that I wouldn't take if you paid me $500 per hour to.
