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its my thread, you go away or start your own thread. :cool:

thanks, i always found it hard to test ideas because unless the entry and exit rule are simple, like (buy pivot low for failed breakout, exit at 2 points) its hard because the setups are never really the same, but similar and so id say, well would i take that or not? is it close enough? what...

well, is that a formal nodoji invite for an interview? i think she should accept. :cool: You can title it.. "Has bigfoot been found?" (in reference to no one ever really seeing a profitable futures trader, but many supposed sightings) :p

i should add so many people waste so much time in learning to trade . its not that hard to figure out how silly an idea may or may not be and it doesnt have to be expensive, it can be free to try. get an idea from a book or guru or whatever and just come up with your rules, trade the...

so my next question for whenever you feel like posting agian..:cool: how do you go about researching a potential setup. you define the setup and then what? what do you go over like 1000 charts or something??

but if your setup is on the 5 minute, like say a break out pullback to the ema for example, why would you need to jump to the minute chart, why not just take the signal right off the 5 minute? how is the minute chart helping you in that case?

nodoji, are all your trade entries off the 1 minute? im asking because quite frankly, i hate the 5 min time frame, simply because the number of setups just are not there. at least for me..

you know whats actually really interesting. after a while of trading one of my BIGGEST gripes has been.. when my setup looks really good, the profit never comes easy, it either grinds in my direction or it fails. i'll look back at the day or week and ill say.. i cant believe the ones that...

i look at setups like these and to my detriment the next thing i do is try to perfect it, ill say, ok.. looks good, now lets try to weed out all the losers by looking for all sorts of reasons why it may fail and the good ones succeed. well, after a while i need to tell myself to just shut up...

nodoji, what do you think about wedge 2nd entry reversals on the 1 minute?? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3750908>

you're not kidding, thats the death sentence for any starting trader. i guess with the ema trend strategy you described, the grey area would be what constitutes a previous high break in a strong trend because prev highs are being taken out constantly as there is no deep pullback. as...

i agree with you, thats why its so hard because the nature of the game is ultra competitive. what im saying mainly,( to use the pizza analogy..) yes if i had a pizza recipe selling like crazy of course id guard it with my life BUT there are literally hundreds of great tasting pizza recipes...

also, instead of using a limit order to get in at the 1min ema why not use a stop order to get swept into the trade so you can avoid situations like you mentioned on your friday example where the bar kept going and closed strong above the ema?

so if you used this strategy on thursday on ES would you not do anything until the 13:15 bar? Because there is no break of a major swing h/l until that time? even though it "looks" like a trading range day.. using the 1 minute tactic does that mean you'd be buying the 13:34 bar @ 1521.75 (1...

do you also bet against a pivot high or low for a failed break out trade by simply placing your order to buy the prev low or sell the prev high? or do confirm with bar formations instead of just placing your order at specific level??

its true, the nature of this business is secrecy and that is the biggest problem and what snake oilers feed off because nobody is going to tell you anything. if someone is telling you how to trade, guess what, you are taking there shares potentially. not good. so yeah, its a catch 22 like you...

you know this is actually a good lesson in starting simple as building blocks to "how the heck do i trade in a systematic fashion"

i appreciate your as usual quality posts. for a new trader this is at the heart of the matter of why she will get frustrated and quit. because logic will lead her to the next question.. she will say, "someone show me one thing the market does over and over that puts the odds in my favor...

i agree this is important. i can stare at charts for the next 30 years and not learn enough to make money. u have to focus your efforts on the right things

sure, thats absolutely true, figuring out how to make a good pizza on your own probably wont take too long and not be all that expensive to do. trading on the other hand, well, it could take 15 or 20 years and by that time you've gone broke. so probably not a fair comparison.