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Absolutely incorrect. Systems make money if they are profitable and traders can follow them.

@JigsawTrading is awesome but I was interested in this from the time I saw Scalping my way with ACV. I am not using Jigsaw, I just think it's awesome.

Price goes to where the orders are. Supposedly. But not exactly according to these charts. The charts posted here were based on using 10 levels on each side. I am trying to change it based on a smaller amount but am having trouble getting the script to work.

Before someone says but yes it is the holy grail, if we look more closely we will see that we will get stopped out continuously if we enter when the color changes.

Previous

I recorded the ES today on a 2 second chart having the color of the bars based according to which side of the DOM had more orders. It is not the holy grail.

@PocketChange @1a2b3cppp

This assumes you have a profitable system in the first place. The onus of proof is on the person making the claim.

You didn't refute my post. I'm saying absence of profitable system is the number 1 reason people fail.

No one here gets it. Without a profitable system, none of this auxiliary stuff you guys are talking about applies. Everyone wants to discuss this because it makes them feel like the problem is something they can beat. If you're not making money it's because you don't have a profitable system...

This post mentions nothing about entries really. How are you scalping these? Why does everyone say lunch is nuts? I have looked at charts and cannot find patterns for different times of days. Sometimes price goes all over in the morning and nowhere at lunch. Sometimes the mirror is true...

I did a system with 2.5 amount standard deviation on bollinger bands. https://www.elitetrader.com/et/threads/making-bollinger-band-fading-profitable.266426/

Are you able to talk about momentum based direction reversal?

Additionally, when does the VWAP start? I feel like it starts after regular trading hours on my chart. Perhaps you can trade in the direction of VWAP. This is what that chart displays. Or wait until price gets some length away from VWAP and do the opposite.

I am relatively sure those smoother techniques are not more accurate.

I wasn't seeing the bars on there at first. Is that simply a moving average?

THe reasons are, in order: 1) no winning system. Not paying attention to 99% of the posts on this forum, this is the number 1 reason. Consider some of these lies: 1) all systems work, it's just the trader. Lie. 2) it's easy to find a good system. Lie. 2) someone doesn't have the...

Sierra Chart.