Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I think the "this is the top, we're going to crash tomorrow" message is wearing a little thin...
Of course, he will be right again *eventually*, and then the crowing and chest-thumping will be nauseating. Let's hope he goes broke and has to go out and find a real job for a change, instead of pumping his BS sunshine up the backsides of anyone stupid enough to listen.
It is enough to make a grown man cry, isn't it? When the market just won't follow those prescient e-waves.
The Mon pullback reset the OB indicators a bit, but now with two strong days up, the market is again looking a little toppy.
When I was a child, I believed in the Tooth Fairy and the Easter Bunny, but then I became an adult and experienced critical thought. By any rational measure you care to apply, E-wave is not a "Rule-Based Trading System", so if you have anything to say regarding its efficacy, please post it elsewhere.
Small Short loss so far in the overnight, going back Long at the open for *one* more day...
Let 'er run, but Short at the close...
Pokemon can say with certainty that the market will go down. He just doesn't have a clue as to when, which makes all his bloviating next to useless.
Now Long again on the jobless claims dip...
System is flashing Short in the pre-market, so this may be the last day on the bull train, if it lasts even through the day.
I am sure you didn't miss his not so subtle put down...
"Sometimes I forget not everyone here is a trader." What an a**hole...
Good that you can take a hint...
Yeah, but if you don't trade, you can't win...
Sorry, the overnight signal flipped with the sell-off. 2X Long tonight...
We're going 2X Short at the close (but just for overnight so far), so hopefully not until then.
After this AM's massive classic bear trap, the market is definitely in nosebleed territory with all ST OB indicators practically pegged. The $64K question is, when will OB sentiment and profit taking overcome momentum???
Don't you think it is humorous how Pokemon manages to have a falling out with everyone eventually? What an incredibly arrogant blowhard and braggart. Truly a legend in his own mind. I remember when you and he were tight. So, I submit, do you think it is him or us? (I know, but "he and we" just sounds wierd.)
Pokemon's hubris and hypocrisy are simply astounding. From the iBox: "Differing opinions are welcome and will be treated with respect." He purports to welcome differing opinions, but then promptly deletes those that prove embarrassing to him as "antagonistic" or bans the poster altogether. For the life of me, I can't understand how the lackey dimwits at iHub Admin continue to let him get away with it. If you are a follower/disciple of Pokemon and e-wave, you might as well believe in the tooth fairy and/or the Easter bunny.
Dan, Good call. Strong buying right into the close. Definitely in nosebleed territory here though short term, but it may take another day or two for the market to realize it. Still, relatively light volume for such a big up day, so the bulls may need a rest.
With this run-up on top of the gains from last Thu, we might be getting a bit toppy here. Time to take some chips off the table. I would be surprised to see it hold this level into the close.
Man, can these wave iii's can be vicious, or what??? I wonder how Pokemon's puts are doing...
I just love this grinding, punishing bull action. I'll bet the wave iii'ers are pulling their hair out...
The courage of your convictions means little if you go broke in the process.
Thursday was a wild ride, but ultimately a nice winner. Seems those wave iii's have about as much staying power as a fart in a high wind.
Okay, we're on board. Long at tomorrow's open...
Merlin has 36 indicators and says one more day down. Of course, that can change tomorrow...
Maybe *this* is wave iii, or perhaps just some profit taking on the excuse of the bad consumer sentiment numbers in the wake of last week's run-up?
Yeah, I hear those wave iii's can be a real bear...
Where, oh where can that pesky wave iii be???
The Fed-induced liquidity bull stupor may not be over quite yet, but the Fed signaled yesterday that even they have limits. Maybe it was the last two failed treasury auctions. It is pretty bad when the only entity to whom you can sell your debt is yourself.
I wonder how that last truck load of puts is doing...
Sorry, I didn't read your post very thoroughly. I guess you are already getting everything that TS offers.
Because of the volume of data involved the trading period will necessarily be limited, but I think the TS Desktop itself will download that data for you if you specify a 1 min chart and select "Tick" under "Format Strategies...Properties for All...General...Backtesting resolution".
You should know by now that he'll just wait until the market has another good down day, he'll frantically count and recount until he finds one that sort of works, and then proudly pat himself on the back that he knew it all along. What a bogus buffoon and brazen charlatan.
Sorry, but I am not familiar with that.
Hey, John, good to hear from you. So, how are you making money these days?
As a full time trader/market analyst doing my own trading in addition to supporting a hedge fund, I have become convinced that having multiple trading strategies is the way to go. A daily trade system with an historical signal success rate in the 60 - 65% range will make you good money over the long term if you have the patience and discipline to allow it to work for you, but in highly volatile markets with frequent tradable reversals, it will also miss a lot of intraday opportunities (the Nyquist-Shannon problem) that can be effectively captured with an adaptive, dynamic, automated intraday strategy. Maybe you are better, but I have found in spades time after time that unless you have the "gift", seat-of-the-pants approaches driven by emotion will ultimately fail. You hit a hot streak and think you are golden, but then the market smokes a few fast ones by you to stun you back to reality.
Here's a relatively simple dual indicator (RSI and SS) strategy implemented on the TradeStation desktop (this is not an advertisement for TS; they are just who I use). This strategy is used to trade the NQ futures intraday and produces ~ $2K - $3K trading one or two contracts in a pyramiding scheme over ~ 10 market sessions, which should be on the order of ~ 40%/month for a $10K account. At $3.5K/contract initial margin requirements, a minimum account balance of $10K - $15K would be more than sufficient captial to cover the worst case drawdowns. One caveat is that these settings are a snapshot in time and will need to be frequently reoptimized to stay "in tune" as the live trading performance unfolds.
Market is indecisive in how to interpret the cooked jobs report. Stops have been cleared in both directions and now back to about the pre-announcement point. DJX and SPX are both violating critical support levels.
I have known plenty of gentlemen in my life, and let me assure you, you are far from it. You really should learn to leave such pronouncements to others.
If our posts are not welcome on your board, then yours are not welcome here, so please save yourself the trouble and just stay away. If you don't want to read what anyone here may have to say about you, might I suggest the "ignore" button.
Doing just fine. Short today at the open, shaping up for a Long tomorrow.