nakachalet

parvis....

you are the man....  
here is the up and down during the last two hours.... as you guesstimated.... rather correctly....  

flying, on 2010-07-20 19:16:43, said:

why believing in fairy tales Flying? there is virtually no difference between the price of paper gold and the price of a 500g or a 1 kilo bar. a significant price difference exists only where coins and minisized bars are concerned. Mrs Naam claims she has hardly ever bought gold without price comparison with the live price on her mobile phone. in Europe 1/10th of an ounce and 5g bars are sold with a markup of nearly 40%...  but suckers still buy.

ym long 10 at opening 100719m testing parvis' projection 002.gif ym long 10 at opening 100719m testing parvis' projection 002.gif

Parvis, on 2010-07-20 20:09:09, said:

parvis....

relax.... you are not entirely wrong, neither were you entirely right either....

the lot was sold at 9988....

see.... you were right.... too....

at certain point in time....  this morning.... CONGRATS....

Quote:
"it is utterly not fair for parvis.... a trader's performance should be judged on a 6 months or longer achievement.... but not on a one night stand like what i am attempting to do.... (shame on me! ) i just want to give him credit for daring to stick his neck out to put out a prediction.... and hope his guesstimate would be right on.... "


It is already obviously apparent that we are not going higher at the opening. Had we gone higher - it would not have been much anyhow. If we have a strong comeback in the last hour - the jury is still out. I am not really "sticking out my neck" since I personally do not trade according to my future "expectations (guesstimates)" but rather to "specific occurences" in the Market.

For instance "specific occurences" showed me the Market will go down today Tuesday (quite sharply) - my "expectations (guesstimate)" were we would have a "blip up" in the morning before start of sell-off (incorrect expectation). As someone pointed out "aiming for perfection has its price".

My "expectations (guesstimate)" are we will have a "major" reversal to the up-side at the end of Tuesdays trading day - not yet borne out by "specific occurences".

It is not fair to judge any traders performance - without understanding his specific aim - and particularily not by having hypothetical trades (which do not indicate necessarily an entry position).