From a technical point of view I would say that this "Sell" (Short) signal turned out to be correct. Yesterday the Dow Jones got to a low of 30,564 which is a 432 point drop from the close of 30,996 as stated above. However the Dow did recover by the end of the close yesterday.
Are you looking for inconsistencies in the word of God? 😲Yeah more respect for the powers of the Holy Grail indicators required
It does seem that the trading has moved onto a discretionary basis, is the grail within and not mathematical.
Thanks for the heads up, with God on our side we can't lose.
When 8 or over of the indicators are giving a "Buy" or "Sell" signal then you trade. Its hard to understand without having you here and sitting down in front of my charts. The indicators don't cancel each other out but confirm a signal. The more indicators that give the same signal the more likely it will be right. As I said you are not looking at my indicators to understand what I mean. Its quite complex but at the same time a simple trading system. I only use Stochastic as a secondary indicator. Its not part of the main 16 indicators I am using. The top 3 indicators bankers use, according to varchev.com, is Bollinger Bands, Moving Average and MACD. I don't use any of the these. A few of the indicators I am using are "patent protected" and were invented, developed and implemented by one particular company who's website is not that well known.
No trading system can predict for a certainty what the Dow Jones will do the next trading day or what the close price will be the next day. The Dow is so volatile every day. My system was designed to give a high probability of an up or down move in the short to mid term. Its a new system so I have to test it over time. All I have come to learn is, you can't use one simple indicator to generate buy and sell signals when the stock market system is so complex. In my opinion, on Monday, the Dow could recover slightly from its fall on Friday. That's just speaking from experience.
To be honest I am not going to be using real money using my trading system until it has been tested over time. In the early days I lost too much money in the past thinking my system was the best and I ended up with "egg on my face" and humiliated. I went bankrupt once because of trading borrowed money back in 2002. I'm not proud of that. I would recommend anyone that is using any sort of trading system NOT to use real money until you have tested your system out over time. Open up a Trading212 practice account to test your system before investing real money or you risk getting badly burnt like I did. If you can't make money with a practice account you will never make money using a real money account.
