The Trouble With Scribbles
- Thread starter Buy1Sell2
- Start date
Don't you people ever tire of yesterday's news?
Hindsight bias has completed taken over their mental process---- it's truly incredible. surf
From Thursday:
You drew lines on a chart Thursday. So?
And price dropped to the median, as forecast. Did you trade it?
It looks like these guys are just doing a simple breakout/down trading method, why all the obfusication, unless they are marketing something, is just plain weird. surf
I missed it, can you provide the link to the post where you said price would drop to the median?
No I didn't trade it. Did you?
That's what the chart is for. The NQ is a mean-reverting instrument. When trading a mean-reverting instrument, one trades the reversals off the limits of the channel and rides them to the mean. That's the chief advantage of trading a mean-reverting instrument, knowing in advance what it is most likely to do.
We are not on the same wavelength. I didn't ask for an explanation of the nature of NQ. I asked for a link to the post where you said it would drop to the median, and if you actually traded it. A mean reverting instrument can still go the other way.