Patuca

capt bob i may be a lowlife and the scum of the forum but i assure i am not cheating. Please read my post again that presents the challenge. Here is the pertinent portion of that post: "Got a great question for you market sages. What is the next move for the indices from a daily chart? Up? Down? Sideways? Don't tell me the b.s. that you don't try to predict the market, you just react. We all try to position ourselves for a future move..so we all are trying to determine the probabilities of the direction for the NEXT MOVE. Predict is hawkish to use fed terminology but react is dovish. We really are all hawkish we just try to sugarcoat predict and call it react..why? Psycological...we don't want to be wrong. "I shall word it a dovish way....based upon what the market has done (say s&p) emini what position would you take a position on a daily chart? You don't have to be precise. Say within the next 1 to say 4 days i will be short..or long...any takers? No? I didn't think so.... P.S. it is ok to be wrong..nobody will deride you..plus that is what stop losses are for.. is an attached daily chart of ES for you to look at. The green line is a 20 ema the gray an 89 sma for your info. This is what i look at when trading. if intraday i use same setup just off 5 minute chart. So... what is price "likely to do next"? in which direction do you see the next decisive move making?" I clearly said within the next 1 to 4 days so I am giving anyone willing to jump in on the challenge a time frame of 4 days (they could have made their prediction the same day if they wished ). The challenge is to say I will be short or i will be long based upon my prediction of the Es. This post was made on the 26th so everyone has until 30th to decide which direction the Es will go decisively on a daily chart. That is , up or down. At this point it has done nothing but basically sideways since i presented the challenge. So i am saying now; as for me, ..short...once price breaks 1 tick below fridays low (entry 1594) Hence i am saying BEFOREHAND as it has not yet happened. So, my prediction is south, and made within 4 days, and the position to take is short, once fridays low is broken (entry). Stoploss 1621. Initial profit target 1567. Actual exit depends on actual risks suffered as the market unfolds and not on initial stoploss. That is, i may adjust the exit depending on the actual risk i face over few days. That profit target could go up or down accordingly but the goal is to keep the r/r at least 1:1, preferably more. The initial risk is there simply if my prediction is wrong and market moves against me decisively then i get out and could even choose to get out before the initial risk is hit. In summary, chart says odds favor a decline for a good swing trade. So, I predict DOWN. I think i have a 60% chance of being right on the direction. :missy: I am definitley attemping to predict the market and think i have a 60% chance of being right. Any other takers? Where oh where are thou mits with your price rotation.....mits predicts you know....who else does? Many say they don't but they really do. Their position taken announces their prediction :rofl: :rofl::rofl: :helloooo: Mr steve46 predicts with his reversion theory.. Even db draws his prediction boxes.. Capt bob uses sun, moon, and stars to predict... Trading is a game of prediction and hope. You predict and hope you are right!! Do your best to put odds in your favor. If you are wrong, you cry, then try again :rofl: :rofl: crying is good for the soul ..you know..it is ok to show emotions but only AFTER the trade. You can either rejoice and jump for joy or weep bitterly but ONLY AFTER THE TRADE IS FINISHED. Before and during the trade you must be emotionless..like a robot..analize like a computer, brutal and swift like a samurai warrior. Any predictors out there? :helloooo:

no brave or foolish souls among you? Tis all in the chart. Not 100% but certainly more than 50/50....I suppose it is up to my reckless..daring... ego...to make a prediction...based upon the chart...to take a position based upon the simple chart...to declare a direction...upon reading a chart.... So here we go .......The answer my friends is blowing in the wind.....please see the attached file for a clearer understanding. blowing in the wind.pdf

Um .. For one it will end in a devaluation of the said money. more dollars in an economy lessens the value of those dollars. simple supply and demand. Then you factor in peoples perception of value of a currency and that affects its purchasing power. all this results in inflation of goods and services...i.e. because the currency has less value it takes more to buy the same good or service...now, unless, i suppose, they just flip the computers off and make all these digital dollars ..disappear...thus taking them off the market :rofl: :rofl:

mr bob i am not mexican but have many mexican people i know....do you suppose mits does not like mexicans? Don't know many asians as don't travel that part of the world. Know many blacks, whites, north and central american indians...i was making remarks about harvard english...mits....well...pushed the envelope dragging race into it....at least it seems like it. Maybe he didn't mean it?? He tends to get upset and flies off the cuff from time to time i have noticed.

You might want to try breaking all the rules that most traders live by. For one month on a demo. Say using 2 to 4 contracts of something maybe an emini? Most lose anyway. Just an idea..most would say a crazy idea. However you might be surprised with the results. On a demo do things like average down your losses. Use no stop losses until have one half of your account is blown. That is, use none until you are left with 50% of your account...if that happens.. Catch falling knifes Try to catch tops and bottoms. Generally just break all the rules you know about. I know..i am crazy......:rofl: :rofl: :rofl: report back..... REMEMBER ON A DEMO ONLY...

The answer my friends (to post 535) is blowing in the wind....

DOUBLE DOG WARNING! watch out for Mits over there on his "beyond taylor thread"..he is in a really bad mood.....

you short paper gold:rofl::rofl::rofl: and go long physical gold:rofl::rofl: that way you make $ both ways!!! :missy: pay the rent with the paper shorts and buy the house in the future with the physical longs:helloooo:

Finally! Somebody that understands what will..shall...must..happen.

I am waiting for some market sages to tell us the next probable daily move of the ES within 1 to 5 days. Nobody comes forward...think they don't want be labeled as predicting? Please everyone look at the chart. It is all there. No need of a pile of indicators...etc. PS suntrader has me on ignore so suppose he can't see the chart? Maybe someone could private mail it to him?

PA with 2 MA's....20 EMA and an 89 SMS. AND i use volume bars at bottom mostly for confirmation. I also consider spread on the bar and whether bullish or bearish. Basically correlate VSA principles with PA. I watch closely for patterns such as triangles..pennants...flags..trendlines..channels..etc. I generally keep my chart clean of indicators except the ma's. Will mark it up with patterns as day unfolds so by end of session it may be all marked up but i start with candles and two MA's and vol at bottom.

yes it is, that is kinda of what attracted me to it in the first place..clean looking ...even though you trade with more than i do. One clarifiction on your chart i annotated. On the entry i would enter on any bar that breaks the high of the first bull bar after the test but i would prefer that bar to of course be another bull bar as it was in this case. If not, then i would still take the trade ( say it ended up being a bear bar) but be ready to exit quickly if things went different than i expected.

Here is how i would have traded this major trend reversal. First i would have drawn my trend line a bit different (see dark purple trend line). Once I took a position i would like to swing it for at least two legs. Maybe then take some off and let rest swing until PA indicated time to exit. I don't use POC, VWAP, or divergence so my chart would be pretty much naked except for a 20 EMA and an 89 SMA.

Nice charting platform. What is it?

Thats DB first one left side(lets see where shall i draw the next box?)..second on right is suntrader (but i was taught there is no manipulation in the markets!). 4th on left standing with hand over eyes Is mitsubishi doing some precise mathematical calculations (lets see will price roatate down to...?). Cap bob is at far back hanging upside down on the rail trying to get a line on the sun..fourth down on right is mighty mouse in deep concentration (i knew i should have went long in gold..there it goes again!)... is that? No i can't be Patuca second on the left? Sh$t what is he doing there? Fifth down on right is ole windbag Why? Wondering if the rest will ever learn.....

[quote=GlassOnion;xxxxxxxxxxxxxxxxxxxxxx

that is great one onion....gotta love it!

yes it is manipulated pure and simple. Massive paper selling to drive price down so banks can scoop it up for the coming massive rally. See when QE increases (not decreases..regardless of what fed says publically) people will flock to gold...the bank are getting set as i now as i write... Are we?

close down WHEN cap bob? Today or close lower 5 days from now?

don't worry capt bob he probally has Patuca on ignore.....

LOL LOL OH Sh$t....LOL LOL...Slap , jaw and knock my bacca out....you guys are so funny...AND examples par excellence of the average trader.... JUST REMEMBER EVERY DOG HAS ITS DAY.....:rofl: :rofl: Got a great question for you market sages. What is the next move for the indices from a daily chart? Up? Down? Sideways? Don't tell me the b.s. that you don't try to predict the market, you just react. We all try to position ourselves for a future move..so we all are trying to determine the probabilities of the direction for the NEXT MOVE. Predict is hawkish to use fed terminology but react is dovish. We really are all hawkish we just try to sugarcoat predict and call it react..why? Psycological...we don't want to be wrong. I shall word it a dovish way....based upon what the market has done (say s&p) emini what position would you take a position on a daily chart? You don't have to be precise. Say within the next 1 to say 4 days i will be short..or long...any takers? No? I didn't think so.... P.S. it is ok to be wrong..nobody will deride you..plus that is what stop losses are for.. is an attached daily chart of ES for you to look at. The green line is a 20 ema the gray an 89 sma for your info. This is what i look at when trading. if intraday i use same setup just off 5 minute chart. So... what is price "likely to do next"? in which direction do you see the next decisive move making?

it is called "catching a falling knife" smart money does it all the time. Dumb money sells their longs as prices plunge and smart is saying "give to us" we will take all you got...they are buying as price falls.. Then they manipulate it back up selling it, as it rises, to the dumb money who is getting all excited about the price going up...happens everyday..no wonder traders lose.....they do the exact opposite of what they should be doing..i.e.they should be trying to pick tops and bottoms (because unlike smart money..deep pockets..they don't have the funds to buy all the way down as price plunges)..catching the falling knife near the end of its fall.. Picking tops and bottoms and catching falling knifes is a great strategy. With good money management it can be very profitable..:rofl: :rofl: :rofl: :rofl:

if you are trading, yes..if you are investing then the trend down is the time to buy...as it nears its end..

LOL you guys got it wrong. Imo it is a great time to buy physical gold..silver..price is great..value will probally soon (within next few months..probally within 6) start heading back up. Imo now is the time to buy...not a time for gloating..you bunch of gloaters LOL. Just remember every dog has its day...P.M., I think, will shine brightly not too long from now and you gloaters shall have a big stopper in your mouth and it will get real quiet on this thread. Except maybe ole Patuca he might just do a little gloating himself LOL...you shall see...you shall see...you shall see..:rofl: :rofl: :rofl: :rofl: :rofl: :rofl: All my b.s. opinion