DanB1 a live trade as promised I have entered a short position on the Dow at 26900 looking to exit around the 26550 area
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Okay, thanks. Thought you were gone:)
So, entered the trade because a bullish reversal was not elected? Or a bearish was elected? Or the array's showed a turning point?
Can you please you explain? The thing is that it's not about this specific trade. It's about showing that you can trade according to the reversals and arrays and that it works and it's a repeatable process.
If you can let us know here on the blog.
Looking forward to it!
@Gumbi, you need to state specifically how the trade was entered. For example, the trade was entered, given
xxx on array, and
yyy on bearish/bullish reversals
And of course, you should state the expectation in terms of time-frame from the trade. Given the volatility in stock market, if you simply wait long enough, the chance is very high that you can exit the trade with 1.3% gain.
And once that works, you should use again the SAME trading criteria above, and enter the same type of trades again and again.
If it is a successful formula, it will be repeatable.
If it's not, then the winning percentage would be close to 50%.
We are not here to find out how good you are as a trader. If you are a good trader, you may be able to pick out the right signals from Armstrong's report, but filters out the wrong signals/information. Well, that by definition, would show you as a good trader.
We are here to find out whether Armstrong's reports are worth anything.
But I haven't seen any of your substantiated claims on the reversal numbers from Armstrong.