nope, I’ve made some bad trades in the past year. However, it was not because of the False Prints but because of my own bad discipline. I’m a great down trend trader. In fact, my wealth expanded 50% in just the past few weeks. But, I’m a HORRIBLE up trend trader. I hate low volatility because I over-trade and hate just holding a position.
I also believe they rotate directional print clues on different instruments in order to keep it randomized enough. I haven’t figured out the order yet, but I know it includes, QQQ, SPY, VIX, IWM at least.
This bounce could be a backtest of the breakdown and we close lower on the day. Not sure yet, but I’m out of almost all my shorts under 1310 for the time being. Let’s see if they can break down today’s low as a signal to get short again.
The key to knowing when the FP will be hit is to understand the value as it relates to the trend. I notice that people post them but don’t even think through what the levels mean.
Questions to ask: Is it a key retracement level?
Is it the target of a triangle formation?
Just to give you an example, I was getting short from 1280 up back in Feb and closed down at 1260? Why? Not only was there a FP at SPY 127, but it was the target of a triangle, so it was perfect, and the market exploded from there.
No one is giving you a hard time about FP’s… I post tons of them! And yes, they do work! Just figuring out the “when” part isn’t always that easy. I totally believe in them, or I wouldn’t talk about them all the time. Relax, we’re all on the same side here. 🙂
nope, I’ve made some bad trades in the past year. However, it was not because of the False Prints but because of my own bad discipline. I’m a great down trend trader. In fact, my wealth expanded 50% in just the past few weeks. But, I’m a HORRIBLE up trend trader. I hate low volatility because I over-trade and hate just holding a position.
cletus, you sound like you made millions already…
I also believe they rotate directional print clues on different instruments in order to keep it randomized enough. I haven’t figured out the order yet, but I know it includes, QQQ, SPY, VIX, IWM at least.
This bounce could be a backtest of the breakdown and we close lower on the day. Not sure yet, but I’m out of almost all my shorts under 1310 for the time being. Let’s see if they can break down today’s low as a signal to get short again.
the power of viagra!!!
Thanks… that means we will likely close positive today I believe.
The key to knowing when the FP will be hit is to understand the value as it relates to the trend. I notice that people post them but don’t even think through what the levels mean.
Questions to ask: Is it a key retracement level?
Is it the target of a triangle formation?
Just to give you an example, I was getting short from 1280 up back in Feb and closed down at 1260? Why? Not only was there a FP at SPY 127, but it was the target of a triangle, so it was perfect, and the market exploded from there.
Using your brain with the FPs helps a lot! lol
lol
Vix false print at 18.00. That’s your reload level, folks.
Cletus,
No one is giving you a hard time about FP’s… I post tons of them! And yes, they do work! Just figuring out the “when” part isn’t always that easy. I totally believe in them, or I wouldn’t talk about them all the time. Relax, we’re all on the same side here. 🙂