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jimkane
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I have to start the topic again? C'mon, let's get some volunteers in here. Okay, Sunday night showtime, let's roll.
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jarek
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Originally posted by jarek
Silver behaves like a wild horse trying to get rid of every rider, regardless if long or short... Usually a nice ride follows, the question is in which direction?
Proved right again, but who could expect that it would be such a ride!
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jimkane
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Just a word of advice to everyone. Always understand the difference between predicting and trading. I find little need to do any predicting to trade. Trading is about odds, probability, and edges, in my opinion. Marrying premises and predictions is very dangerous to traders. When they work it is almost magical, too amazing to be possible. When they don't, and they aren't abandoned quickly (they usually aren't abandoned at all), they can destroy trading accounts. They also have a big opportunity cost if the trader is missing a move going the other way.
I just want to make sure we all recognize that I focus on trading. Feel free, anyone, to discuss market views and 'predictions', but understand, too, that predicting isn't a big part of trading as I do it. I want both sides to be understood here, the 'predicting' side, and the 'trading' side. But it needs to be clear how I look at things when I apply this methodology.
This is similar to how I don't use 'targets' or the word 'profit target' pretty much ever. Many in here do use them, and they seem to yield them great profits. But it isn't a part of my methodology. If everyone starts using 'targets' all over the place people forget it's not a part of my methodology. The same with predictions. Make them all you want in here, I just need everyone to know they have nothing to do with how I apply my methodology.
I just want to make sure we all recognize that I focus on trading. Feel free, anyone, to discuss market views and 'predictions', but understand, too, that predicting isn't a big part of trading as I do it. I want both sides to be understood here, the 'predicting' side, and the 'trading' side. But it needs to be clear how I look at things when I apply this methodology.
This is similar to how I don't use 'targets' or the word 'profit target' pretty much ever. Many in here do use them, and they seem to yield them great profits. But it isn't a part of my methodology. If everyone starts using 'targets' all over the place people forget it's not a part of my methodology. The same with predictions. Make them all you want in here, I just need everyone to know they have nothing to do with how I apply my methodology.
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jimkane
Rep: 3,058
Posts: 33,089
100.19... Wow.
Originally posted by jimkane
They want to take crude under triple digits today!!!
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jarek
Rep: 94
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Betting that this bearish ABCD will play out fully following test and retest is predicting or trading?
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jimkane
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ES 37.25. Now we see if it's just another bounce ina downtrend, or if it is back on the bull side.
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jimkane
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Posts: 33,089
Definitely trading.
Originally posted by jarek
Betting that this bearish ABCD will play out fully following test and retest is predicting or trading?
Click image for original size
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jarek
Rep: 94
Posts: 3,474
Uff! I already thought that this post about predicting was pointing in my direction
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jarek
Rep: 94
Posts: 3,474
For me it is hardly understandable that ES is flat on a day when major commodities are in a clear risk OFF mode (could it be any clearer?). I find only 2 explanations:
- this is a sign of strength and it will explode up when commodities stabilize
- the weakness is put off in time and will manifest later with a vengeance
Either way a nice ride should follow
- this is a sign of strength and it will explode up when commodities stabilize
- the weakness is put off in time and will manifest later with a vengeance
Either way a nice ride should follow