I'm not even going to waste my time responding to the idiotic
comments any longer....
just for the record not "once" have I called for a "top" on
or for a specific day, yes I've been posting many bearish
charts because I felt one was imminent...in fact I think tomorrow
has a very good chance of being the top so "
now" I have called for a top....if I'm wrong early next week
then I'm wrong but if I'm going to be accused of constantly calling
for a top then I might as well make the call (I think there's good
reason for it ie., I'm not just stating it)....
btw, I believe I was the first one to call for the inverse
H&S pattern back in August and said that it would measure to
1250 (why don't you look that one up)....granted I didn't think it
would get that high but I did say 1140-1150 was the more logical
target and we are just "SO" much higher than that right now aren't
we....
Posted by freddy123321 on 14th of Oct 2010 at 10:54 pm
comments might seem much more abrupt via posting. Do your thing,
as long as you make money with your system that is fine. There have
been decent short trades this rallly. Hope you are on some of
them.
Posted by hillsyde on 14th of Oct 2010 at 09:32 pm
WHAT A BUNCH OF PUSSIES .... KEEP UP THE GOOD WORK.... I DONT
CARE IF THEY BLOCK MY POSTING..... MATT, TOM, STEVE AND THE
BOYS ARE GREAT....... THESE OTHER USELESS DWEEBS SHOULD GO BACK TO
MOMMA.......
marketguy, please continue to post your charts and ideas. BPT
site is the best trading site I've found in 10 years of trading.
this venue is for sharing trading ideas from BPT's best (aside from
Matt and Steve) is what is making money. whether you post
long or short ideas doesn't matter, whether you are personally
short or long doesn't matter either. posting charts that defend
your position is what makes a market (and most of us find
intriguing, especially if your making money) . constructive
criticism is the order of the day. inability to understand this
basic concept is often a sign that critics are failing in their
quest to make money consistently in the market. willingness to
share/post trades and have them publicly prove profitable or fail
is still all part of the learning process. everyday here is a
learning experience. I for one am here to make a living, not to
referee inane comments of those who don't like your ideas or
position. Unless Matt/Steve ask for you to change your modus
operandi, don't.
Posted by hillsyde on 14th of Oct 2010 at 10:56 pm
No U dont get it............ It is about making a good
trade...... win or loose..... was it a good trade.... when U get
that U will Have a chance at being a good trader.... if U think win
or lose.... U will B a
loooooooosssssssssssssserrrrrrrrrrrr............
I think that when anyone makes a public statement, like posting
on a blog, they should be ready to accept criticism. You post
a lot of very useful and interesting charts, and for that we are
all grateful. But your critics also make excellent points.
It would help this blog if everyone, you and your critics,
addressed issues in a civil way. It doesn't do anyone any
good to hurl invectives. Demeaning posters or posts with
abusive language does damage to the best financial website in
existence, so I would urge all of us to address issues in a
supportive manner.
That right there is the problem. It's not what you say, it's how
you say it. And most of these posts that have been directed at
Marketguy have been uncivil. This blog is about sharing ideas,
whether they're different or not. To kick someone who has a
different view is very uncivilized.
That is correct. But, to be fair, Marketguy has
occasionally responded to his critics in an uncivil manner.
My point is that all of us should be willing to criticize and
open to being criticized as long as we do it in a way that advances
our trading. Egos and territorial squabbling have no place on
this forum.
algyros -- I have no reason to be involved in this, but its
interesting. That's exactly what I don't get -- what are the
points that marketguy's critics are making? What are the
points that are so excellent that they need to be driven home again
and again and again? Its hard to tell, because most of it is
expressed as sarcasm.
Is the point that they are right and marketguy is wrong, because
they are focused on the fact of the trend and marketguy is focused
on the irrationality of the trend? OK. Point
taken. Now leave they guy alone. He's not telling other
people what to do. He's just posting a LOT of interesting
charts and expressing his incredulity, again and again, at
the shoddy nature of the uptrend. He's not alone in
that. Or is the point that newcomers to the blog might
mistake marketguy for one of the owner's of BPT? Because he
posts so much? Seriously? Is that one of the points? --
that market guy is posting too many charts and he has a bearish
bias? And newcomers might think he represents BPT?
Wow. Relax. Let the newcomers take care of
themselves. They're not dummies.
This is a great blog. I've never seen another trading blog
like it. But for me people like marketguy aren't a problem to
be afraid of -- like he might drive newcomers away -- he's part of
what makes the blog interesting. This is called the Trading
Community.
marketguy -- do what you need to do, but I think its a mistake
to leave because a few people pick on you. Many more people
on the blog appreciate your posts and comments. For some
reason these few guys feel the need to react again and again to
your bearish bias. How many times have I read "if he has any
cash left" and references to your FAZ trade a year or so
ago..............and I actually don't get it -- what do they care,
its not their money. And you're never telling anyone else to
short.......
You never suggest or advocate for people to short the market,
you're just posting charts that often are full of bearish
signals. And exclaiming your amazement that none of it
matters and the market just keeps going up.
Personally, I like the fact that you freely state what your
positions are and the mistakes you've made in holding a bearish
bias at the wrong times. That can only help others on the
blog. And you post many interesting and thoughtful
charts.
Part of it is that you just can't believe the market just keeps
going up like this. And you're right. Its happening but
its not believable. So for me, nothing wrong with that
theme. But like I said, you never advocate shorting the
market and, if anything, point out your own errors in shorting too
soon.
Finally, you're in good company. Peter Campbell has been
making bearish posts on his blog for several weeks now, and Peter
has his act together.
Anyway -- my thoughts. And none of this long/short stuff
matters to me right now, I'm basically day-trading futures, and
will put money into the new SPX system.......
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comments
Posted by marketguy on 14th of Oct 2010 at 05:39 pm
I'm not even going to waste my time responding to the idiotic comments any longer....
just for the record not "once" have I called for a "top" on or for a specific day, yes I've been posting many bearish charts because I felt one was imminent...in fact I think tomorrow has a very good chance of being the top so " now " I have called for a top....if I'm wrong early next week then I'm wrong but if I'm going to be accused of constantly calling for a top then I might as well make the call (I think there's good reason for it ie., I'm not just stating it)....
btw, I believe I was the first one to call for the inverse H&S pattern back in August and said that it would measure to 1250 (why don't you look that one up)....granted I didn't think it would get that high but I did say 1140-1150 was the more logical target and we are just "SO" much higher than that right now aren't we....
good luck to all (well, at least "most" of you)!
take care.
MG
Seems like the bottom line, Marketguy...
Posted by epmaruggi on 14th of Oct 2010 at 11:43 pm
...is that there is no need for you to defend your work on this blog as you have many supporters and those who appreciate all you do.
I second that!!!!!!!!!!
Posted by skiiball on 15th of Oct 2010 at 10:12 am
comments might seem much more
Posted by freddy123321 on 14th of Oct 2010 at 10:54 pm
comments might seem much more abrupt via posting. Do your thing, as long as you make money with your system that is fine. There have been decent short trades this rallly. Hope you are on some of them.
HEY MARKET GUY
Posted by hillsyde on 14th of Oct 2010 at 09:32 pm
WHAT A BUNCH OF PUSSIES .... KEEP UP THE GOOD WORK.... I DONT CARE IF THEY BLOCK MY POSTING..... MATT, TOM, STEVE AND THE BOYS ARE GREAT....... THESE OTHER USELESS DWEEBS SHOULD GO BACK TO MOMMA.......
marketguy, please continue to post
Posted by hazbin1 on 14th of Oct 2010 at 08:20 pm
marketguy, please continue to post your charts and ideas. BPT site is the best trading site I've found in 10 years of trading. this venue is for sharing trading ideas from BPT's best (aside from Matt and Steve) is what is making money. whether you post long or short ideas doesn't matter, whether you are personally short or long doesn't matter either. posting charts that defend your position is what makes a market (and most of us find intriguing, especially if your making money) . constructive criticism is the order of the day. inability to understand this basic concept is often a sign that critics are failing in their quest to make money consistently in the market. willingness to share/post trades and have them publicly prove profitable or fail is still all part of the learning process. everyday here is a learning experience. I for one am here to make a living, not to referee inane comments of those who don't like your ideas or position. Unless Matt/Steve ask for you to change your modus operandi, don't.
second that. Great post
Posted by PA on 15th of Oct 2010 at 10:02 am
second that. Great post
What matters only is :
Posted by stockman14 on 14th of Oct 2010 at 06:35 pm
It makes no difference,
If you are short or long.
What matters only is :
If you're right or
If you're wrong.
no
Posted by hillsyde on 14th of Oct 2010 at 10:56 pm
No U dont get it............ It is about making a good trade...... win or loose..... was it a good trade.... when U get that U will Have a chance at being a good trader.... if U think win or lose.... U will B a loooooooosssssssssssssserrrrrrrrrrrr............
I think that when anyone
Posted by algyros on 14th of Oct 2010 at 06:24 pm
I think that when anyone makes a public statement, like posting on a blog, they should be ready to accept criticism. You post a lot of very useful and interesting charts, and for that we are all grateful. But your critics also make excellent points. It would help this blog if everyone, you and your critics, addressed issues in a civil way. It doesn't do anyone any good to hurl invectives. Demeaning posters or posts with abusive language does damage to the best financial website in existence, so I would urge all of us to address issues in a supportive manner.
That right there is the
Posted by cw12 on 14th of Oct 2010 at 06:50 pm
That right there is the problem. It's not what you say, it's how you say it. And most of these posts that have been directed at Marketguy have been uncivil. This blog is about sharing ideas, whether they're different or not. To kick someone who has a different view is very uncivilized.
That is correct. But, to
Posted by algyros on 14th of Oct 2010 at 06:55 pm
That is correct. But, to be fair, Marketguy has occasionally responded to his critics in an uncivil manner. My point is that all of us should be willing to criticize and open to being criticized as long as we do it in a way that advances our trading. Egos and territorial squabbling have no place on this forum.
algyros -- I have no
Posted by Michael on 14th of Oct 2010 at 07:45 pm
algyros -- I have no reason to be involved in this, but its interesting. That's exactly what I don't get -- what are the points that marketguy's critics are making? What are the points that are so excellent that they need to be driven home again and again and again? Its hard to tell, because most of it is expressed as sarcasm.
Is the point that they are right and marketguy is wrong, because they are focused on the fact of the trend and marketguy is focused on the irrationality of the trend? OK. Point taken. Now leave they guy alone. He's not telling other people what to do. He's just posting a LOT of interesting charts and expressing his incredulity, again and again, at the shoddy nature of the uptrend. He's not alone in that. Or is the point that newcomers to the blog might mistake marketguy for one of the owner's of BPT? Because he posts so much? Seriously? Is that one of the points? -- that market guy is posting too many charts and he has a bearish bias? And newcomers might think he represents BPT? Wow. Relax. Let the newcomers take care of themselves. They're not dummies.
This is a great blog. I've never seen another trading blog like it. But for me people like marketguy aren't a problem to be afraid of -- like he might drive newcomers away -- he's part of what makes the blog interesting. This is called the Trading Community.
marketguy -- do what you
Posted by Michael on 14th of Oct 2010 at 06:09 pm
marketguy -- do what you need to do, but I think its a mistake to leave because a few people pick on you. Many more people on the blog appreciate your posts and comments. For some reason these few guys feel the need to react again and again to your bearish bias. How many times have I read "if he has any cash left" and references to your FAZ trade a year or so ago..............and I actually don't get it -- what do they care, its not their money. And you're never telling anyone else to short.......
You never suggest or advocate for people to short the market, you're just posting charts that often are full of bearish signals. And exclaiming your amazement that none of it matters and the market just keeps going up.
Personally, I like the fact that you freely state what your positions are and the mistakes you've made in holding a bearish bias at the wrong times. That can only help others on the blog. And you post many interesting and thoughtful charts.
Part of it is that you just can't believe the market just keeps going up like this. And you're right. Its happening but its not believable. So for me, nothing wrong with that theme. But like I said, you never advocate shorting the market and, if anything, point out your own errors in shorting too soon.
Finally, you're in good company. Peter Campbell has been making bearish posts on his blog for several weeks now, and Peter has his act together.
Anyway -- my thoughts. And none of this long/short stuff matters to me right now, I'm basically day-trading futures, and will put money into the new SPX system.......