The Way Jalker Journal. Testing the opposite.

http://img117.imageshack.us/img117/9...nstanzaad4.jpg

This, is George Costanza.

In one episode of Seinfeld, George decided to try the opposite of everything he's ever tried. Tuna on toast, coleslaw and cup of coffee? No, Chicken salad, on rye, untoasted ... and a cup of tea. Fans of the show know what I'm on about. And if you don't, you need an education on American pop culture icons. But I digress.

I have seen countless occasions where people on this forum say "I should have done the opposite of what I was thinking". To keep in line with the theory, maybe the same people would actually abstain when presented with, oh I don't know, Fiona Bruce on a silver plate. But I don't think so and I say that the theory is complete rubbish.

But it's not to say that it can't be fun.

So without any further adieu, I would like to introduce my alter ego, Way Jalker.

Way Jalker is Jay Walker's opposite. He goes short when I go long and long when I go short. It looks a little like this

http://img117.imageshack.us/img117/9...nstanzaad4.jpg http://img166.imageshack.us/img166/2...zaphixrfi8.jpg

Of course, like anyone considering "the opposites theory", Way Jalker is not confident enough about this system to use real money. But Jay Walker is. So for every Way Jalker trade in this journal, Jay will be doing the exact opposite but with real money.

This is a daily chart.

http://i43.tinypic.com/2dv0k1e.jpg

It has the nice pretty candles, the standard MACD indicator (12,26,9) and Slow Stochastics (14,3).

It also has the parabolic SAR which I will use for entry.

I will go short if 3471 is hit (represented by that beige-ish dot) or long if it hits 3015 represented by the blue dot.

I normally use the SAR dot as the point of entry so if you're observant, you noticed that my long order doesn't have an SAR dot anywhere near it.

That's because this is a daily chart and because the cheapskates at Oanda can't be bothered to program a weekly chart, I use the weekly chart from another source as a point of reference for my long order (or Jay's short as it where).

And the long has now been hit.

Edit. Jay Walker has a S/L on his trade at 3287 with no T/P.

Way Jalker has a T/P, also at 3287. To keep true to the "Opposite" form, Way Jalker shouldn't have a S/L. That's because Jay Walker trades with no T/P. So Way has a S/L but at such a wide point that it would be catastrophic if it was hit. It's at 2560.

Yesterday, Way Jalker went long on the pair.

Today, the pair is at 2934 as I'm writing this he is at -80 pips. This would be catastrophic to many.

So far, doing the opposite of what's on your mind doesn't work. But we're still in that trade as I made the decision to stay in it as long as me, the real me, Jay Walker stay in my trade or until the play money runs out, whichever comes first.

This is a weekly chart.

http://i40.tinypic.com/2jchwqp.jpg

Judging by that chart, the pair may be going down which would be catastrophic for WJ. I may have to buy him some drinks to drown his sorrows.

While many today have soiled themselves, WJ maintained his composure, which isn't much since he's still white as a ghost from yesterday's rollercoaster ride.

WJ is currently at -5 pips. Better than yesterday but nothing to write home about. And the trade goes on.

WJ is now sitting at minus 8 pips. This chart is a rollercoaster and so are his emotions. He already got sick and he's as white as a ghost.

Good luck ...and my Jenny be with you

867-5309

NO PIPS FOR YOU!

LOL! Well, WJ is now negative 31 pips. Thankfully, I've got the exact opposite.

Wow! That rollercoaster today has made WJ feel happy, sad, sick and energized all at the same time.

Still on the same trade and WJ is currently sitting at -22 pips.

This is certainly a very volatile environment for this experiment.

WJ has put his T/P at 3025 while JW placed his S/L at 3025 as well.

The difference? WJ will be at a loss if 3025 is hit.

And it's been hit...

I'll post again on the next trade