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excellent points. You, sir, are a gentleman and a scholar.

wat Source: http://www.breakoutfutures.com/ And then they go on to try and sell you a few systems, one of which is $5k, wtf????

You mean besides a computer, desk, and chair? :p

what does your picture mean? are you going off the lines at the bottom? green = go long and red = go short? wat

I would define trend as the direction in which price is moving, which *should be* clearly illustrated on a Renko chart. I would definie momentum as the speed at which price is moving (in the direction of the trend. If price is taking forever and going up 1 point per 5 minutes, that's slow...

How do you define trend if it's different than "price momentum"?

That's interesting. I was wondering why even when I kept the box size the same, changing the time interval of the chart affected how it looked. I need to go play around with it more.

reducing the box size shows more boxes all with the same time stamp. I guess i need to watch these develop in real time to see what's going on.

agreed. you could do what you want with %R and TRIX in two seconds in SierraChart.

With perfect execution, the largest amount you could lose trading on a renko chart would be 2 * the box size, right? Say you're using a 5 point box. A green box forms. Go long. Price immediately reverses, confirmation that trend was wrong and a red box appears. You exit. That's 10 points...

what is bar counting?

with that example, you could give each member of ET $10k of their own to try out your method on their own.

this is the only pic I can find (I'm sure it's cherry picked). it's from a presentation called "MACD Set-up" but of course they don't give the settings for it (go figure). <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2277075>

and as soon as someone starts talking about backtesting being a waste of time and only interested in forward testing, I know they're unprofitable. actually, the only people I've heard downplay the value of backtesting are you and TRO.

Oh. You know the last 3 or 4 terms I looked up on the website weren't listed, so I gave up. lol. thanks.

I'm sure this question drops me down into "stupid noob" category, but what the hell is this? I hear it all the time. Is it like a term for a new brokerage or something? It confuses me cuz "introducing" is a verb, but it's always used like an adjective. "This is an IB." what?

I keep my account at around $10k. Every few weeks I take whatever is above $10k and sweep it into a checking account that pays interest. The checking account is what I use to pay for food, mortgage, and my emergency fund.

oh maybe i didn't get far enough in the thread to see the change of MA type (it was super long!) So how do you actually trade then? or do you?

MACD. SMA +2 enter long when MACD crosses zero line or crosses bullish above zero line. Reverse for shorts. amirite? One of those systems that doesn't backtest profitably but someone is profitable when you use it right? :cool:

Wait, you're that trader28 guy or whatever his name was? The SPM that was based on MACD? lol, I read part of that thread. I knew it was BS when people were saying they used MACD profitably.