Of course, I also said “study Elliott, but don’t pay too much attention to it”.
I think there’s a difference between writing ironically, which is what I do…
… and misrepresenting what others say. That’s what you do.
I’m not going to waste any more time on this. If you think the Nasdaq is going to fall to 10,000, go short, and if you think the Nasdaq is going to rise to 30,000, go short too. 🙄
just another few trades among other few hundred trades per year, which do “not care” about if it is now up-trend, down-trend, where are the next supports and resistances
Well, there you go. My normal (yester)day. Live-Live in Peter-GraHal terms. Maybe someone can figure out my indicators. Or point out the resistances. Supports then ? Waves ? Numbers ? It doesn’t work like that. The only thing which does work is dropping through to the next support level and forget about the current one. And the next. And … until it’s over. Was that one single trade ? then it could be over with your $ too. Do *I* care when it’s over ? of course not – easy to see. And am I scared to go Long ? Let’s see … Hmm … apparently not. But I didn’t decide ! And hey, green in the rightmost columns are winners.
Maybe I should put this to the Market Place ? Nah, why ?! The book maybe !
per year – as written in my text which you quote, PeterSt. but why is it of interest?
anyway, looking at your „normal day“ my 600-700 trades per year do not compare to your heavy frequency, but do I care to compare? do you care? we trade in very different ways as we know. and actualy I work since few months on even reducing my frequency…
Of course it is of no importance regarding results. But it *is* of importance, proving definitely that no indicators *can* be used in my case. It is 100% technical.
Ok, so is *that* of importance then ? –> also not. But it is, I think, relevant to the question “do we dare to go Long still ?”.
IMHO there is no single way that this market can be traded normally. That is, I would not be able to (manually, I mean). Not Long-only, not Short-only, not mixed. For the same reason, all Elliot Waves are BS – again, IMO. Envision – Go Long accidentally, and simply wait until the next support breaks, and lose another 20K. And another. No worries, Elliot will be right ! Yea, at some stage he will be. In this situation this very well may be when I am 100K under water (would I follow Market Place “principles”). Hey, I trade for myself and not for poor clients. It is the same as what the book tells – you can infinitely find such waves. But not within minutes, I’d say. It’s just not the method to go for. And with that : so much for any Market Place idea that I have seen so far. “Blame the market ?”. No. It is a challenge, that is all.
justisan, it looks like you saw my last post as a kind of mild attack to your post. It was not, and I wouldn’t dare. We agree too much about everything – and Yes we trade differently. In between the lines it *is* all about the Market Place self promotion. Be that from the North or be that from the South. We again agree …
This is the last time I’m writing. For my part, this isn’t self-promotion. As you can see, I’ve written very little about my algorithms, and I’ve written about markets, Elliott, and support/resistance. And I’ve given you a very important key to medium- to long-term long-term trading, which, you’ll understand, is counterproductive to my bot “self-promotion.” It’s one thing not to understand it, and another not to want to understand it. Fly, little bird, fly to school, fly, fly, fly!
Could be RED 🔥 — like a FIRESTORM. Biggest firestorm EVER. Nobody’s seen anything like it. So RED!!! Or GREEN 🌱 — like Super Bowl grass. The BEST green. I love Super Bowl. All green. Everyone’s talking about it. #VeryRed #VeryGreen #Tremendous
Could be Very Green, could be Very Red, but i don’t see a Doji here… Either it breakout heavily, either it go up then U Turn and big drop. Next hour will maybe give us more clue
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