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No, SPY way above the supposedly Top heralded by your OEPM.
You still presented not a single rule other than a MA-ish line that like I said is MA-like so why not just use a regular MA beats me..
You have to show/present at least one rule SPECIFIC to OEPM, completely unrelated to any MA-like lines.
Pat me on the shoulder when you do it, OK?
NO indicator is perfect. Criticizing something on behalf of something is nonsense.
The only criticism that makes sense is if you apply the rules (correctly) or not on something.
I say "your" OEPM because there are no seen rules, hence there is no OEPM to speak of.
Percentages like your number of 6% while not entirely useless it's better seen in chart itself if you quantify the "legs" of runs visually and just extrapolate next segment and next and next, just like I presented in my last chart.
Cycles on a chart are yet another successful example of this extrapolation.
NOT shooting down the OEPM, but sorry, what you guys come on here with is a sorry excuse for such an OEPM thing and a big nothing and the only reason you get to pump your chest with some wins you attribute to "your" OEPM is because the trend is extremely solid and resilient that even nonsense ways will make money if traded in direction of the inflation dollar-debasing trend.
A correct OEPM will be completely independent of trend or any regular chart parameter, INCLUDING any all indicators in existence and all MA-like lines computed or otherwise. That's why I meh at any pitiful mention of OEPM in here during/after the redneck's bailout.
Imo OEPM goes to the very essence of insider game, thus it doesn't use anything people use. No stochastics, no MA, no RSI, nothing of sorts. It does use percentage but not like that.
Correctly done, it has to pass tests of trading during trending periods and over any and all crashes in modern times since 80s, and keep you on the winning side non-stop. Any conventional charting trading will get some serious draw-downs in challenging periods while OEPM will still have some but a fraction.
Keep making money with BB or "your" OEPM , whichever you like better, while the trend lasts.
hmm, going with 10 over 50
I wonder why is that. Did you have more success like this?
It's been concluded that if something is not clear just make a step back. Not clear still? Make one more step back, and so on, until becomes clear.
In chart TA if 15min is foggy go to 60 min, and if still foggy go to daily and so on until it becomes clear.
I found that when averages come together they become not just useless but risky to use them. But just like in the example above, following the same wisdom, I'd step back by moving away from the smaller average to the bigger, and in this regard I would move away from the 10 on benefit of 50 not the other way around. If 50 and 100 are together, then I'd go with the 100.
But I don't have too much use for 100 so I'd go away from MA use temporarily to use the cycles and some other NON-ma indicators.
I know that price can go through MA10 like hot knife through butter if things are messy. Cycle will hold better in such times.
.
It happens. So what do you think technically can be done in such an occurrence?
A plunge can happen at any time.
It should recover from the (BTF)Dip.
BE PATIENT.
REFUSE to trade.
WAIT for the next buy.
IGNORE what SPY is doing, even if it goes another 20$ higher.
It MUST correct.
Be like a lion. WAIT for the beasts to come to the water hole. They have to come.
The manipulators MUST cash in. When they do they create what we call "corrections". Then they wash the money by buying again.
it is then that you buy. Then day-trade on top of it in the SAME direction.
You MUST make peace with yourself that you will LOSE ALL that money !
Be fearless.
So put ONLY a fraction of money you have.
Buy in double - sell 1/2 at immediate resistance.
Buy LONG TERM calls, minimum about 2 weeks.
Each time you daytrade, do it with same time, 2 weeks time.
Then sell the old position (keep the new - so rotate).
You are in majority to say the least. In fact NOBODY made any consistent trading with any NN posts. NO-ONE.
Someone can come and say "I did, I did" but the fact remains that for that someone will be IMPOSSIBLE to substantiate it, impossible to show his/her post with his/her FOLLOWING trading.
I know because I was watching.
IMO there is no difference between Vandal and NN, just the style of diversion.
Both have good things to say but just to throw you off your own game.
I like Vandal more because he offers more substance and is not disrespectful. But it's a distraction in the end for those unable to rise above it.
It makes you totally miss the buying opportunities to make thousands over thousands of dollars.
It's like a poker game with bluffing and all sort of games going on..
You gave/have even less than NN
yup, now it's time to RIDE your SECOND position (which you don't have).
The indicators , all have to align, then buy.
Preferably (ideally) if all aligns with the cycle as well..
They are building the cycle I'm guessing.
This is NOT day-trading.
You CAN daytrade in direction of trend and only AFTER the daily bottomed. This way you make a ton of money.
Otherway you have high risk and get frustrated.
No hidden image, just wishful thinking, and if you force yourself to try to look hard and harder to see the mirage in your empty chart you WILL develop cross-eyes for sure..
That chart relies on one line that says nothing, any simple moving average can very well replace it laughingly.
There is nothing of substance there. Zero.
There are ZERO, ZIP, NADA "guidelines" you are speaking of.
Don't send me to NN post without a link. Only a demented fool will attempt to wade through the high mountain of useless posts NN intoxicated the board with just to find one post here and there with something.
As I recall he didn't put guidelines, ONLY PARTIAL.
I remember very well this detail as being myself a developer of OEPM I tried to communicate with that arrogant and got only ignore and disrespect back and never a piece of meat. All BS bones.
But given the so down to earth basic level of so many people I totally understand the kids fascination with the flux capacitor messy haired "master".
A poor simple picture with no guidelines is a no-comment (or foolish comments).
Only a REAL picture with some minimal verbose/visual guideline is 1000 words.
Here's a look at a sample I made in a haste. It has very little if any of my intel on it. Yet, it speaks volume loud and clear without BS and fake moustaches.
Guidelines (that's how you have to do to speak of guidelines):
- green circles show buying (TO HOLD - so longer date calls)
- buy TWO (2) positions -> ONE position you sell at red circle being the immediate resistance. The 2nd position you HOLD to next resistance HIGHER.
- buy recklessly daily 50 - and then the bottom of the same daily 50 channel ( a 2.5 % or so drop bellow it) - (more or less like a bollinger band)
- tops are HARD/IMPOSSIBLE to see, but there is hope in resistance, so you sell at resistance and then wait for buying --> WAIT !!!!!
- the purple lines show magnitude of buying and where top CAN be expected. As seen it works. OEPM as (NOT) explained here does squat.
(some personal guidance is intentionally withheld)
- cycle (charting) is very simple and any site will explain if you want to learn
- so only ONE side we can have - the buying. But That is sufficient to make money and not to lose like a fool.
- IMPORTANT: do not apply any of this to a penny stock as the guarantee drops dramatically. Here it works because we have the arrogance of fed behind this.
As I so may times said ---> BUY BUY BUY
ONLY CALLS
It makes perfect sense from fundamental point as the feds are debasing your dollars, and perfect sense technically since no indicator can tell a top (to short) but CAN very well tell bottoms, all this perfectly seen.
I don't see any (trading/chart) conditions (/rules).
All I see is a blank chart with arbitrary % equidistant lines.
Absent any trading/chart guideline there is nothing to look at.
The so called pivots (presented) are also a good joke.
SPY being 10+ bucks above the blue-line 389 says that level is irrelevant.
Glory of OEPM... ?!
What glory? Where's the "glory" ?? In what consists?
SPY is in strong uptrend. OEPM means squat, and still no rules so even more squat, so anything will work under these conditions.
The "topping" comment is even more hilarious.
SPY just got to 408-412 area for the FIRST TIME in its life, ... and you are saying is now "typically" topping area ???!!!
Really ??
Typically ???
Really ??
LOL
Give me what you are drinking. I want to see that fantasy too.
Fact is that the buying is relentless and powerful. And in the light of this no matter WHAT you throw on the trading table, as long as it is on the long side it will work, being it (no rules LOL) OEPM or BB or just silly buying and holding.
ANYTHING !!!
When the buying will subside your games will backfire.
It could be, yeah
I'd say give an inch to 4086, that's what I would go with
but it's very weak resistance
normally no, but in the circumstance we are in (buy reckless) then it's seen weak reistance
but it has to be part of strategy, any seen resistance
A better resistance would be weekly or better yet monthly but like I said, reckless buying is not allowing for resistance to form
not much selling
the only sellers (shorts) are actually itching to ... buy (to cover)
(LOL)
They made sure shtcoin is also in a lot of attention and sucking as much hope and money.
When SP will dramatically correct fools will go even more into safe heaven shtcoin, just to be cleaned...
I don't wish this to people but I see it coming and I think this is going to be a spectacular event.
My colleagues even tho they got so late in the shtcoin they are still up 50% and got sssoooooooo complacent they don't even bother to check or even know the current day or much any day, so just add and add new money as it is a sure thing and will go to a million.
They believe in this more than in the scripture.
I can't wait to see what happens if the shtcoin either reach 1 million or collapses.
Either way will be spectacular.
S&P500 at 500 hmm
That has a connotation to it
Is that what they are going for?
Is that increase typical ?
Quote: "Which, of course got triggering some USD Lectures....;"
Me trying to help and elevate someone else and trying to exchange shop talk on ta and rest and you come up with such fertilizer?!
Take the blue and red pills and get ready , "genius".
Haha, now my SC also show 400
LOL
What are you talking about.. That's complete nonsense.
What I said is valid even next time and the time after that ... which I have no way of "showing after the fact" to..
That's the thanks and encouragement I get..
So much anger
Quote:"I'm just not into "gulping down" red or blue pills"
That explains so much..
We don't have to suffer..
Well, I said it, if there is no prior resistance, and it isn't as you pointed out being at ATH, then we go with upcoming resistance and let the MM ride your money up into prosperity, let them go nuts (if not already).
Resistance starts small first then snowballs.
So you watch intraday and decide for yourself what resistance you like.
You are a chartist and seem to like BB, which is not bad. So why not using BB of an intraday time frame you like and if that goes down exit on that time frame mid BB when turns.
Poke around the charts with BB and you will have ahas.
GL
yes and no.
I will sell the dip.x position at PRIOR resistance
OR
at UPCOMING resistance
so that money will be free to use on subsequent dip/s
it's core position and dip position
if there is no resistance then why in the world to take the money out "to have for next dip" -> let it ride
No ?
it is smart to ask this of a person you find that shows good record of this.
Otherwise you yourself are as good.
IMO it is very difficult to forecast a dip.
Just wait for a dip whenever it comes and try using stochastic to time if you like or some MA you like.
I personally don't see any dip coming yet at this time.
Another 90% sure thing -> short weeks are green weeks.
So in other words ... let me put it for you simply -> if you buy on Friday (or end of week dip) of week preceding a short week -> you are almost guaranteed to make money.
Like in this case, you can actually combine the EOM with it and even increase the accuracy.
If you think it's crazy, just do DD for yourself -> see what you've been missing on...
Sure win
(potentially big)
You can also buy every freaking dip of a short week (pref at mid 60min BB, and do exercise care and DD)
You are like a millennial child - instead of looking at a thing/advice/information if is valid or very useful, you ask the person what he did or if he did something, and ask this in a "smarty pants" way too...
Instead, You should open a chart and V-E-R-I-F-Y IF WHAT I SAID IS TRUE.
It is very easy too.
Then thank me for observing that FOR YOU FOR FREE.
BTW, I have repeatedly mentioned this on the board too.
You didn't pay attention. Likely maybe because you were too absorbed with other "so important" posts and things, than being concerned to something so useless that approaches 100% accuracy.
It makes one wonder if you are Vandal-II (so not him actually) in different sheep-clothes..
Now to answer your millennial mocking question - Me? I did NOT "swing" any trade. Happy ?
I decided to do my own trading and only that, and I stay true to that!
This belongs more in a daytrading.
BUT !!!
Had I been in and wanted out, I would've used this intel and HOLD ON my position more because this sure thing coming up.
Or if I wanted to short I would've waited one more day.
So this sort of thing, this is how I DO USE this thing smarty.
P.S. Otherwise , you do have some very good sarcasm (which I always enjoy), but when it is warranted, not when is out of line and foolish to use.
My big daughter has the same rare talent, but she knows very well to make the difference.
I wish you would too.
i wasn't talking about you but him. He stated time/timing is important. I agreed with him on this statement.
You would (/should) too.
It's ok to agree on valid statements.
Not all is black.
"What everyone really wants to know is exactly when."
Very true, only that instead of "everyone" is "most"
Myself I am part of those "most". But I graduated to a different level. Instead of "When" I am content with "if-during (time period)".
So for me is enough to see the price moving in time allocations, and timing (however so important) and the "when" is less and less important.
You see, like everyone else, the MM too has weaknesses. it is up to me to exploit those.
One such weakness is impossibility to maintain price stagnant for too long as it will reverberate extremely negatively across the board. They can't do it. Alternatively they can range it tight, but even that has same problem (and more).
So knowing this , I allocate time for different things and expect a "timely" move (or lack of move).
Based on this, i then go and plan the strategy on options, which becomes crucial for gaining anything and then retaining it.
I become better and better but by better and better is admission that the work is in progress (but I strongly feel I'm nearly done).
In essence is like trying to capture a swing mentality. You aren't really concerned with the when, but mostly with catching and ridding the most you can, and if it doesn't move, just exit your money as it's obviously not a ride.
Nobody is perfect, not us the doodles, not the MM dudes.
They try to exploit us , our money and weaknesses, we try to exploit them just in kind. Their problem here is they are in the corner most of the time (but they are extremely powerful and resourceful) , while we are many (a big thing, that if out of control can become huge and fast and furious).
Re: "If your are investing in SPY...I think the when is irrelevant most of the time and TA can be useful."
Maybe your colleagues invest. We don't "invest" here.
We're a bunch of small potatoes wannabe traders that place trades with very limited time horizon.
You can tell most of us don't do spectacularly.
But that's the normal tapestry of the market.
...and here we have very green futures
I have said it so many times here, but nobody listens.
Maybe that's why the MM won't change it since no one listens...
it looks like ordinary people just hate free money
Yeah, you are right that time is very important.
But I will listen to anyone past any nonsense if new ideas are advanced.
You shutting down a person that tries (and in a calm manner !!!) shows you are content with your intel, and only target people (like TT and such). Reason unknown but can be envisioned/speculated.
You can not shut down a true trader, a true researcher.
I can not make you to play ball.
But maybe there is a chance that people like TT will save themselves and stop wasting their limited energy on a black star.
You do offer some nice value in spite of trying your best not to.
I want you to be aware of that.
People should benefit
------------------------
options:
I find (for myself) that there is a curve of time/decay vs price appreciation vs time (so time twice).
I am too lazy plus no time to do it scientifically in a spreadsheet.
I did something very simple just to be able to understand and project forward.
So (for me) time is only critical if price curve is under decay time-line. I am developing way to assess a "recovery" of time (decay) lost to improve my holdings holding of value close to (or better than) what would be if I held stock itself (with zero decay, but still affected by time).
One thing I'm sure of, you are not a zillioner ;)
You are not that far from us ;)
See you later in the market sweat shop bud :)
it's above 90% green days incidents of 1st of month going green
You can nearly say 100%
That's why is good to buy calls in any dip at end of month
And sell on 1st or after
We could have a dip to buy buy buy
396 is support (I can't believe I say such a sentence)
You guys that steer away from buying dips it's your fault for bad and difficult put trades.
The only thing you should be doing with puts is selling them.
Do yourself a favor and for the love of money, buy the next dip, and the next, and the next dip after that.
Averaging down is been the winning game for DECADES !!!!!
Buy calls and only calls people !!!!!!!!!!!!
Make money people !!!!!
Yes you posted personal, and you too insulted and attacked plenty, so isn't that what happens to "good, innocent" people like yourself.. ?!
... Wherever you go you will still be ol' "good" yourself !!!
You can't escape "that" guy...!
Quote: "E time I post something which isn’t personal to anyone there’s always someone attacking me"
uptrend
in uptrend everyone should be buying long
not chickening out
or worse ... wasting money on puts
I see it very risky to buy puts
The only nail in put coffin remains the violation of ATH and then blue sky to near 400
So the puts are hanging on that last nail
BUT !!!
But if that nail does hold, then down she goes to please put holders
I see a calls trade with care more risk free at this mom
calls to buy at 391-392 area
(it means puts should be covered there imo)
This is a setup day the way I see it.
The last ramp job on Friday pushed a lot of traders on the fence
The odds for New ATH increased dramatically from a technical standpoint.
From fundamental standpoint it exists already.
I thought we'd have a temporary top. Nope, not even temporary.
That's fine, we trade long and only long anyways.
You could be right.
But if it doesn't roll, then SPY goes to try for 400 again
Especially since SPY is in solid UPtrend
You are trading properly.
Only thing remaining is safety is needed ("what if" strategy) for the positions taken against the prevailing trend (imo we're in uptrend).
hmmm, interesting, ... Vandal leaving ?!!
The buy the dip must be dying if not dead already if constant discouragement is not needed anymore..
Good job !!!
Mission well accomplished ..
Quote: "Last post ever. I'm signing off."
Oh, ok, so nothing technical.
I agree with too quick rise , so only with the speed, but otherwise the rise was absolutely to be expected. It was an outstanding low risk great long trade that everyone should have taken (like I did).
I try my best to judge SPY by itself regardless of any and all other indices and stocks. I have valid reasons for this, just as people spreading themselves over everything else do.
Quite possible.
But what makes you think that?
Just ... "Reverse" candle by itself ? ...
no up ?
no down ?
Or just "reverse" and I have to use a coin to know what reverse to/from ?..
Oh, and I never heard of "still awkward"... did you mean 'still upward' ?
If you meant "awkward" please explain..
I only know of downward, sideways, and upward.
I could also mention the time-frame also non-existent detail, maybe not important ...
Everything is sooo clear...
Quote: "now we look for that reversal candle on the CBOE-Mini to take hold and as mentioned, it should take place today... bands still awkward so a bit sideways from here"