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Xmas Rally Has Finished.
- Thread starter GrandSupercycle
- Start date
Quote from bwolinsky:
That's what all of my models do, and they do it way better than you. You're dreaming because I don't believe we'll see DOW 13,000 for at least a year.
And you, sir, are a fool to believe that you can model european politics and its consequences. Given the nature of the situation in Europe, the probability of 13000 is no greater than the probability of 11000 by the end of 2011.
Quote from bhardy307:
And you, sir, are a fool to believe that you can model european politics and its consequences. Given the nature of the situation in Europe, the probability of 13000 is no greater than the probability of 11000 by the end of 2011.
How can you say I'm being narcisistic? You're the one making a call that has less than 0.1% chance of happening.
If you don't recognize another downdraft, I'm telling you that whether the Europeans reach an agreement or not whatever happens is known already to the market. The sell off earlier today may have put in a bottom on NQ, but the most recent lower high before more down moves will be between 2318-2330.
Going long for that move is very stupid, even if you're taking a 100 trades your broker must love you.
Quote from bwolinsky:
How can you say I'm being narcisistic? You're the one making a call that has less than 0.1% chance of happening.
If you don't recognize another downdraft, I'm telling you that whether the Europeans reach an agreement or not whatever happens is known already to the market. The sell off earlier today may have put in a bottom on NQ, but the most recent lower high before more down moves will be between 2318-2330.
Going long for that move is very stupid, even if you're taking a 100 trades your broker must love you.
Hey BWOL! Looking at the chart you posted, I count more than 20 trades in a period of 1 hour. "your broker must love you!"
Oh! Wait a minute! That is your SIM account!
Quote from bhardy307:
Hey BWOL! Looking at the chart you posted, I count more than 20 trades in a period of 1 hour. "your broker must love you!"
Oh! Wait a minute! That is your SIM account!
You don't know what I'm doing, because you don't understand market movements or even probabilities.
I may not be trading that but when it reaches a profitable level I will be timing my pairs trade with that program.
Quote from bwolinsky:
You don't know what I'm doing, because you don't understand market movements or even probabilities.
I may not be trading that but when it reaches a profitable level I will be timing my pairs trade with that program.
Ha ha! Only a ferw hours ago you presented that as if it were a real account. Now you're acknowledging it is SIM. Narcissitic idiot desperate for attention!
Whatever BWOL. When I was shorting this with a longer time frame earlier, I was losing a bunch of money. Now that I am using a shorter term approach going long and short when appropriate, I am making money.
Quote from bwolinsky:
You don't know what I'm doing, because you don't understand market movements or even probabilities.
I may not be trading that but when it reaches a profitable level I will be timing my pairs trade with that program.
You are misrepresenting yourself here. You cannot trade sim under the guise of actual trading. Not as a CTA.
Quote from bhardy307:
Ha ha! Only a ferw hours ago you presented that as if it were a real account. Now you're acknowledging it is SIM. Narcissitic idiot desperate for attention!
Whatever BWOL. When I was shorting this with a longer time frame earlier, I was losing a bunch of money. Now that I am using a shorter term approach going long and short when appropriate, I am making money.
I didn't say I was using it, but I am trading my pairs system.
I watch that system for oscillations.
Quote from bwolinsky:
I am not sim trading, bhardy.
2341.50 is, what? Another lower high? That makes 3 lower highs in a row.
2344.75, 2343.75, 2341.5. This is a downtrend, but higher lows are going higher, the breach to a lower low is just around the corner.
We're seeing short covering at night by shorts who didn't cover the day before.
I'm only warning you not to trade because of your lack of understanding economics, never mind your abilities to subjectively time the market.
Quote from bwolinsky:
I put these up in real time on my facebook page.
Bhardy, of course I'm not watching 5 minute bars or any timed interval because there is no linear relationship between price and time, which leads to runs tests concluding improbable efficiency because of the lack of uniformity in data.
I'm adding to my short hoping for covering before 8 pm.