Yes, it is true that the market would go from and towards ANY line that you draw randomly on a chart. But does the market make a support or resistance array of randomly drawn lines on a chart? It does on the lines drawn on the charts I have setup to see here...
Sure, lines get penetrated...
Okay, no problems. The lines are in place before price action trough calculations, not on visual sight seeing. You will see this later on in to the day. Just extend the lines on the chart. You will see with your own eyes that price will move from and toward these lines.
I see what you mean with 'catching knives'. This is the danger of all predetermined systems... May I give you an example? Can you give me an instrument or tickername that you are following? I will put up a chart with how I use fib and among other things to demonstrate that there is an order in...
I did not mean 'preordained' order, I mean 'order' in the here and now...
We all trade our believes and see what we believe. Not the other way around...
You risk is then 7% of your capital per trade, right?
This is acceptable if your system gives you the results you think, but high.
What you also could do is making another positionsizing calculation for your winnings in the market. If you for example see your capital as a base and your...
If you drawdown tolerance is max 20% a year, you can never, ever put a bet size of 20% or more per trade. If you have two losers in a row, you are down 40%... How would you psychology react to that?
I would try to smooth out the equity curve(and emotions) with a bet size between 3% and max 6%...
How many times do you have a trade?
How much do you want to make per year/month/day?
What is your max. drawdown tollerance?
A fixed fractional strategie for position sizing is hard to beat. I would go with that.
The best advertising is mouth to mouth. Stimulate that. Make a system to raise money, like you made a trading system. Network with people. Hire 'relationship' builders. Look for the long term commitment with your clients. Always 'under' promise and 'over' deliver. Finding money the first year is...
It has changed my way of thinking in many ways. For me it was worth every penny. Van does not give you a black box, or advice what you must use to become a success overnight. If you are looking for that, then you will be disappointed...
If you are looking for somebody to help you organize...
I have attended Peak Performance 1 and 2, the advance stock workshop with Dennis, I have also attended a few other day courses...(With different speakers: Chuck Lebeau, Steve Sjuggerud, Ken Long, and many others.)
What would you like to know?
I did not mean 'act if' with the statement.
The NLP modeling process always start with what you believe is true in your live. That thought process is the result of your reality. Changing your reality start with adopting and changing your believes about something. Money, time or capability of...
Talk to someone at the Ark inc or Sage.
www.thearkinc.com or http://www.sageintl.com/
before you sell your website. I think you can create a company and sell the website to your new company and let that company pay you in french benefits or dividends. You will not receive labor income...
Peilthetraveler, why are you posting here? I'm not a muslim, or a gay guy and even my religion is not islamic... So I do not see any reason for your postings here. Can you explain your self?:D
Maybe you are interest it in my proposal of the original posting?
If so let's meet in person...