I am actually bearish on Sasol and AGL, I went short on AGL yesterday in fact, 1. The major primary uptrend has broken below R240 2. Sellers(DI-) are still dominating buyers(DI+) (ADX) 3. MACD is downward sloping, 4, MALong MA(20) crossed over short MA(5) 5. According to Fibs, the price should retrace back to around the R231 level before any substantial decision is to be made. Today the price succumbed to the 50% retracement line. 6. Volume has been decreasing everyday confirming with the OBV level being far below the price. 7. RSI is also showing a negative sell divergence.. so according to my system it seems to be quite a nice stock to short.
LOL wizard ya i had a feeling something was coming fortunately i geussed right and had a few shorts in place. Think some more pain today. Great Caller will be warming this platform soon with his victory dance
Your system is a broken clock Simon. It really works well.u can introduce it to an Alien and he will make money as well. However understanding the market dynamics can provide u with greater returns and that is where GreatCaller has an advantage. Understanding market dynamics requires a lot of experience and knowledge of the market.
you say "understanding the market dynamics can provide u with greater returns" .. I disagree 100% with that statement .. and so do you by your statement that even an alien can trade the system .. there is zero proof that understanding what's driving the makret makes more money (as proved by a random entry system making money), and further - you can not know everythign that is drivign the market nor how it will drive it ..
Your system is foolproof because it's based on a statistical approach and it requires no logic when trading it. Yes there is zero proof that understanding what drives the market can make u more money since IT IS NOT MEASURABLE. But that is where LOGIC takes over and the people with few brain cells will know that the likely outcomes of certain scenarios are improbable.
likely outcomes of certain scenarios are improbable .. maybe, not convinced .. what you are sayign is that smart people will make the money .. yet LTCM had 4 nobel winners, an went bust almost taking the banking system with it ..
Not everyone will succeed ...! Here at my daily job for which I'm qualified for I can do the job more efficiently than those that just got High School. Same principle apply! I also make mistakes sometimes. but I do produce more because I know the dynamics of the work place.