35854 replies to this topic

[RusQ]

Mhlato, on 20 Oct 2014 - 6:30 PM, said:

 

RusQ, on 20 Oct 2014 - 5:04 PM, said:

i hope i understand you, M? (do you actually have Rotties?)  

Yes, 2 of them with the same name "Molato"

 

if you trust your out-of the-box tools, why even consider anything else in your trading? apart, obviously, for sharing your insight. i cannot fault that and it is greatly appreciated!

Sorry to ask, but what brings you under the impression that i am considering anything else? I have learned a lot on this forum from other guy's mistakes over the years and if can put something back with charts, it's only a pleasure.

 

 

thanks, Mhlato, for your response,

 

my question as to why consider anything else, should be labelled as rhetorical? i do not know how you actually trade and my intention was not criticism at you 

 

that sure is one magnificent looking dog! had four of them years back (all black) and lost them early to what the vet called pedigree inversion? my daughter switched us to Great Danes (pups forever) and now have two Schnauzers. easily the most social and intelligent breed i ever owned 

 

back to the market!

seems the bear shook some shorts? i'm flat at end-of day, dislike ending at highs (or lows, for that matter), so overrode my system which is still pointing UP.

 

best now...

[Motion Picture]

Ok, taking profits here for the day (just over 600 pips). Will wait for another dip.

 

Long term swingers you can relax. The bull still got turpentine. Yea, buy it is!

[Argento]

Vertebrae, on 21 Oct 2014 - 12:31 PM, said:

Possible that major A just took a breather with a 38.2% retrace. SPX may be with a 5 leg up here.

I think all 14 pound hammers should be confiscated.

UBS says buy, rebound might last into December!

 

A

[Vertebrae]

Argento, on 21 Oct 2014 - 08:36 AM, said:

Possible but every mom and pop is calling for another leg lower....was a very impulsive drop and that inverted H&S of mine is taking shape..so will see!

 

A

 

Possible that major A just took a breather with a 38.2% retrace. SPX may be with a 5 leg up here.

I think all 14 pound hammers should be confiscated.

[Vertebrae]

Argento, on 21 Oct 2014 - 09:50 AM, said:

The bears are silent...shorts getting squeezed and lots more to come at the look of things!

 

My target is 44400ish, could then see a good pullback for the right shoulder of the inverted H&S pattern!

 

A

 

Useful 38.2% retrace of the B-wave 1st upleg on gap open, which said closing now. The rest is c-leg action, Close alignment now with SPX. 

[delta66]

S&P futures me love you long time over 1900

[Argento]

The bears are silent...shorts getting squeezed and lots more to come at the look of things!

 

My target is 44400ish, could then see a good pullback for the right shoulder of the inverted H&S pattern!

 

A

[Motion Picture]

Argento, on 21 Oct 2014 - 07:57 AM, said:

Turn around Tuesday by name...turnaround Tuesday by nature!

 

A

 

Tuesday oh Tuesday...dost thou not warmeth my heart...

[Argento]

Mhlato, on 20 Oct 2014 - 3:30 PM, said:

Argento, should one not look @ % rather then points?

 

If so, this beach can go to < 40!

Possible but every mom and pop is calling for another leg lower....was a very impulsive drop and that inverted H&S of mine is taking shape..so will see!

 

A

[Argento]

Argento, on 20 Oct 2014 - 3:11 PM, said:

Something else to ponder on....Caldaro mentions that the Primary waves 2 and 4's are mostly the same in size, now Primary II in 2011 was 5000 points and given that the wave we just saw was already 6000 points my take to see a C wave much lower doesn't fit!If she makes new highs running towards 48000 and pulls back to 41000 again that might fit the Primary IV scenario better....!

 

But let's see how it goes and if that inverted H&S confirms!Maybe we see a turnaround Tuesday tomorrow....

 

A

Turn around Tuesday by name...turnaround Tuesday by nature!

 

A

[Mhlato]

OceanWalz, on 20 Oct 2014 - 6:49 PM, said:

so true - in fact failed indicators probably have higher prediction probability - 

 

O. my main problem with std indicators (when trading) is that the MM's knows exactly what the majority traders are looking for using them, so easy money for them.

[OceanWalz]

Mhlato, on 20 Oct 2014 - 4:46 PM, said:

............. and i do not use standard indicators either, (they just show oversold/overbougt conditions)

 

I have some "out of the box" tools where the focus is purely on price action, imo that rules?

 

I also do not see the good in trying to figure out where the Alsi will be in the say 6 month's from now, it's not helping at all in day trading.

 

so true - in fact failed indicators probably have higher prediction probability - 

[Vertebrae]

To fail is is not a given, but the option can be taken....

 

[Mhlato]

RusQ, on 20 Oct 2014 - 5:04 PM, said:

i hope i understand you, M? (do you actually have Rotties?)  

Yes, 2 of them with the same name "Molato"

 

if you trust your out-of the-box tools, why even consider anything else in your trading? apart, obviously, for sharing your insight. i cannot fault that and it is greatly appreciated!

Sorry to ask, but what brings you under the impression that i am considering anything else? I have learned a lot on this forum from other guy's mistakes over the years and if can put something back with charts, it's only a pleasure.

 

[RusQ]

Mhlato, on 20 Oct 2014 - 4:46 PM, said:

Not target trading R, it's just to see where it can go... and i do not use standard indicators either, (they just show oversold/overbougt conditions)

 

I have some "out of the box" tools where the focus is purely on price action, imo that rules?

 

I also do not see the good in trying to figure out where the Alsi will be in the say 6 month's from now, it's not helping at all in day trading.

i hope i understand you, M? (do you actually have Rotties?)

 

if you trust your out-of the-box tools, why even consider anything else in your trading? apart, obviously, for sharing your insight. i cannot fault that and it is greatly appreciated!

[Mhlato]

RusQ, on 20 Oct 2014 - 4:20 PM, said:

correct, M. imo..

 

that said, i gave up on 'target trading' some time ago. just go with price and the prevalent trend in the time frame you prefer. (you wanna see traditional signals and structures fail, stay tuned). more inclined to take at least partial profit in what i see as the early stages of a bear market. i have a relative preference for shorts, but trade what i see. some sort of downleg is due? i am short, but not not because i think it is carved in stone or anything.

 

trade safe...

 

Not target trading R, it's just to see where it can go... and i do not use standard indicators either, (they just show oversold/overbougt conditions)

 

I have some "out of the box" tools where the focus is purely on price action, imo that rules?

 

I also do not see the good in trying to figure out where the Alsi will be in the say 6 month's from now, it's not helping at all in day trading.

[RusQ]

Mhlato, on 20 Oct 2014 - 3:30 PM, said:

Argento, should one not look @ % rather then points?

 

If so, this beach can go to < 40!

correct, M. imo..

 

that said, i gave up on 'target trading' some time ago. just go with price and the prevalent trend in the time frame you prefer. (you wanna see traditional signals and structures fail, stay tuned). more inclined to take at least partial profit in what i see as the early stages of a bear market. i have a relative preference for shorts, but trade what i see. some sort of downleg is due? i am short, but not not because i think it is carved in stone or anything.

 

trade safe...

[Mhlato]

AJS, on 20 Oct 2014 - 3:37 PM, said:

Nice chart - dankie man!

 

True that - it is relative (1% from 40 000 is not the same amount of points as 1% from 47 000) and %'s might create a more "clear" picture....

 

Pleasure AJS..

[AJS]

Mhlato, on 20 Oct 2014 - 3:30 PM, said:

Argento, should one not look @ % rather then points?

 

If so, this beach can go to < 40!

 

Nice chart - dankie man!

 

True that - it is relative (1% from 40 000 is not the same amount of points as 1% from 47 000) and %'s might create a more "clear" picture....

[Mhlato]

Argento, on 20 Oct 2014 - 3:11 PM, said:

Something else to ponder on....Caldaro mentions that the Primary waves 2 and 4's are mostly the same in size, now Primary II in 2011 was 5000 points and given that the wave we just saw was already 6000 points my take to see a C wave much lower doesn't fit!If she makes new highs running towards 48000 and pulls back to 41000 again that might fit the Primary IV scenario better....!

 

But let's see how it goes and if that inverted H&S confirms!Maybe we see a turnaround Tuesday tomorrow....

 

A

 

Argento, should one not look @ % rather then points?

 

If so, this beach can go to < 40!

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