hope everyone in profit!!!!!I am expecting crash in 72 hours........ Reply With Quot

DanPickUp

Well-Known Member
#2
Re: hope everyone in profit!!!!!I am expecting crash in 72 hours........ Reply With Q

Second: Coming up with such comments and not even giving the FA and TA and nothing behind it is just out of questions. It is even ridiculous. RUBBISH. It is a shame to do some thing like that in an open forum in your situation. I know that you speculated on the USA and what is going on there, but you did not do your home work in the last details in that case. I have never, ever seen serious people in the trading business in my whole trading live in a serious matter which did such kind of things.

Sorry to be so directly, but some thing like that is absolute out of question. You are WRONG with your post. It may can happen on the 17 of October, but that is not in 72 hours.

:mad::mad::mad:
 

DanPickUp

Well-Known Member
#3
Re: hope everyone in profit!!!!!I am expecting crash in 72 hours........ Reply With Q

So, 72 hours have gone. No crash anywhere even if the situation is and could get more dangerous. That is not to doubt. And it is not to doubt the good will will from the poster of that comment. But it is an other 100% prove to not even follow blindly people which even call there calls: God calls. That is beside any good behavior and taste. Sentiment at the moment in the S&P500 is even positive.

Now let me close that subject, as no fight is wanted and I kindly ask the moderators to close this thread. Guess the lesson was for all newbies very clear to understand.
 

DanPickUp

Well-Known Member
#4
Re: hope everyone in profit!!!!!I am expecting crash in 72 hours........ Reply With Q

Hi

I would like to make a little motivating post for those which may do trade behind call givers. It is about to trade your way and not any others. Here what I did today and I am already out in that market, as I made my target already at this time. There is maybe more to make, but I am happy with the few houndert USD I already made in one day in the S&P Mini 500, which are even around 53'000 Indian Rupee. As I come from the option trading side, this even shows that I can make money with future trading when done the right way. So to what are you even able? :)

Here you see when I started the first trade, in what phase I lost money and when I took it all back and made the good profit. Scalping is not my world, but that is personal choice

http://tinypic.com/view.php?pic=2efkvnt&s=5#.UlWcjXC0Ouo

Here when I added an other leg. Just when the double bottom was the second time broken:

http://tinypic.com/view.php?pic=35cj5m0&s=5#.UlWhZXC0Ouo

Here I already had token my profit by being flat at the best mathematical level under the double bottom

http://tinypic.com/view.php?pic=2v8na6c&s=5#.UlWdK3C0Ouo

Market may fall further, but that is not my problem. Taking out a peace of the cake is fine and that's it. Hope newbies can see that you can make money with trading and not need to follow others.

Take care / DanPickUp
 

DanPickUp

Well-Known Member
#5
Re: hope everyone in profit!!!!!I am expecting crash in 72 hours........ Reply With Q

Hi

Just a little post. Yesterday we had very nice patterns and breakouts in the S&P Mini 500. Made some screenshots during the session and will post them, so you can see the value of them. Some are on the 5 min chart and some are on the 30 min chart. When the volume is low I prefer to see the 5 min chart. That is specially for Globex times during pre and after market hours. When the pit is open, then I prefer to move to higher time frames as the volume and the vola starts to increase.

Here the 5 min chart during the Globex session. You see the beautiful wedge with the five waves. Absolute classical pattern:

http://i41.tinypic.com/2eov43c.png

http://i42.tinypic.com/20huh46.png

Later on I made a change to the 30 min chart and that was the picture. We had a double bottom and we had at the same time the three attempts to move down the market which finally failed. An other great pattern to watch.

http://i44.tinypic.com/2naspb7.png

http://i40.tinypic.com/2qbhwna.png

Here I was expecting a quick move up which was stopped and first went into sideways mode. So I checked the 15 min chart in which you clearly can see this zone:

http://i43.tinypic.com/2j14t1c.png

And then I really had to concentrate on the market, as at the moment the next green candle takes the long tailed out I went first long with a bunch of lots and added an other bunch of lots. I went out at the first best math level I calculated for me. So the screenshot was token after all that action, as in such moments only the trade counts and nothing else. Do the right thing in the trade and concentrate on that and the money will follow.

http://i41.tinypic.com/2n1euwy.png

Hope it motivates you a bit or you may at least could learn some thing for your trading. For those which search for indicators: As you see, it also works with out them.

Take care / DanPickUp
 

DanPickUp

Well-Known Member
#7
Re: hope everyone in profit!!!!!I am expecting crash in 72 hours........ Reply With Q

Hi

It seems that somebody is freaking out about me and about this thread: http://www.traderji.com/members-discussion-forums/90340-american-dont-mess-indian.html#post881132

Well, as it happens in a way which has nothing to do with trading and the comment that nobody can predict a crash, like the poster of the above link did, then never mind. For me the topic was already closed as told in post 3 of this thread. Now if the mods feel that this thread has to be removed because of that, then so it will be. Everybody got the point and will remember it.

I wish you a nice day / DanPickUp
 

DanPickUp

Well-Known Member
#9
Re: hope everyone in profit!!!!!I am expecting crash in 72 hours........ Reply With Q

Hi

Now I got some time to do what I promised for those which are interested in it. As told: 80% of time breakouts fail. In the above chart you see the Mini S&P500 in the 5 min TF. After all the moves from last week, there was not much power left, so market went sideways for quit a while. Then we had the first part of the breakout in the pre market, following by a sideways move. Here I did some scalp trades with zero profit:

http://i43.tinypic.com/2dik2vn.png

You surely ask your self: Why did this move happen in the premarket session? Here the answer and an other question which I asked my self:

http://i41.tinypic.com/b715ac.png

Now I was waiting and suddenly I recognised this waves and the triangle. So I went long with a clear target and keept the put:

http://i40.tinypic.com/2638uhj.png

http://i40.tinypic.com/2a962cj.png

After I took my profit, I analyzed the picture again and saw the following:

http://i39.tinypic.com/anc7js.png

Next we had that free fall and my kept put came back to value:

http://i41.tinypic.com/2ut0039.png

This is the actuall chart picture:

http://i40.tinypic.com/2r7ptvt.png

Just some insight and if it helped you that's fine. Just remember: I come from the option side and not from the future trading side. So you also can do that. It may sounds all very easy or very difficult, but when you are in the market like that, and I do not trade with any indicators, your full concentration is needed and then you can do it. My biggest mistake I made last week was adding to much on one spike candle. So stopped with adding when to situation is not too clear. By the way: Today is my birthday :)

Take care / DanPickUp
 

DanPickUp

Well-Known Member
#10
Re: hope everyone in profit!!!!!I am expecting crash in 72 hours........ Reply With Q

Hi

Now let's check that pattern with the question: Can price pattern fool us, at least in that case? Live chart pattern in the Mini S&P 500:



Will post answers as soon as time permits. In the mean time try to find an answer here: http://thepatternsite.com/diamondt.html

Take care / DanPickUp
 

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