mitsubishi
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I made a prediction that the teletubies would be on at 9am this morning, on my faviourite channel, CBBC. I was incorrect, however i will keep trying!
Humour is never unwelcome
I made a prediction that the teletubies would be on at 9am this morning, on my faviourite channel, CBBC. I was incorrect, however i will keep trying!
So we have touched 1013 on the es, are you short now?
I am long...
One of us is going to be wrong
...And in quite a big way judging by the state of this price action.
I agree this market can be read with extreme accuracy using mathematics. I have 1015 on the ES as a potential area to short based on conventional s/r readings but will not be short until Livermores key signals the top. Also waiting for the bottom to come in Natural Gas. Will use mathematics to signal that also (and maybe a little bit of contrarian market sentiment)
CNBC said earlier: "Nymex NG traders say if it breaks 2.500 it could really dive and there is no floor in sight." After breaking 2.500....it rallied 270 points.
Short 1013 with 3 contracts ist target 993 2nd target 983 3rd target 973 stop 1039. My entries are based on the cash spx - i am spreadbetting using the futures contract and quoting cash for simplicity since i base my analysis here on spx I will average into this trade if necessary .I think we will go higher first and maybe close higher/near highs.But come next week more downside expected.I think the smart money have been holding up price in this sideways chop and will use any further rallying as an opportunity to improve their cost basis.I intend to copy them.
I am long...
One of us is going to be wrong
...And in quite a big way judging by the state of this price action.
Firstly, I totally respect what you are doing here...but...."short 1013..." followed by "I think we will go higher first and maybe close higher/near highs." Sounds like you want to be "covering your bases" to your readers e.g. if it goes higher its fine as you were expecting it anyway. If you really think its going higher, why sell here? I can understand you are happy to average into a position in the eventuality it goes higher but if you really THINK it will...it just seems slightly illogical. No disrespect and all the best with your position.
No,no, that's a fair comment and deserves an honest answer.Lets be clear.It is irrelevant whether people think i am/not a good trader,i am not trying to build a following here,and nobody should be influenced by another traders' calls.I know it could go higher today but it won't go high enough to hurt my account and i am more concerned about getting the entry i planned.A lot of my trades go against me initially and it is not a worry for me.If i am right that the trend is now down,and the smart money is short,i will be vindicated.If not,i will pay for it and i need to improve my analysis skills.
I will not allow myself to be shaken out of the correct direction and take repeated ,small unecessary losses,while tick f@kcing an index for 2 or 3 points. I have put on an initial position leaving plenty of room to average in with regard to account size and have aready made money on the way down this week.Timestamped calls were made in traderslab.
Sorry i am a bit confused by you... You say you can 'predict' the market, but 'most of my trades go against me initially' suggests your not doing anything more special than entering positions like everybody else!
Are you using technical analysis to enter trades... Such as drawing Support and believing this may be the low of the day... Which is pretty standard stuff. Or do you genuinely believe you can predict what will happen.
Just a bit confused. Technical analysis, has a probability of 'predicting' market direction... That is widely believed by many individuals and nothing new. So what exactly are you doing? I have a feeling your just drawing support and getting long @ it and its as simple as that, but maybe you believe thats new or something?
So.. basically you are short ES as you think a lot of dodgy things have been done to save the economy right?
Are you sure you are not angry and just shorting due to your emotions?
As I see it, unless ES falls through 974 I dont see anything bearish about the ES.
hmmm... different trading styles... you think about "If I'm right", I prefer to think about "If I'm wrong"
Anyway.. still will be reading your thread as it has a nice sound about it (unlike the sniper scam going on elsewhere)