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LOL frustration is a powerful inspiration for comedy. that's good.

I am amazed to such a reaction regarding trading being simple. On the other I do remember, I would be very unhappy to hear that when losing money, early in the career. maybe it is better to repeat that the idea is to avoid over complicating. this is what we mean by keeping it simple...

open ecry is not free as stated somewhere in the forum. it's a free trial, that's not the same thing. one might consider they are spamming this forum. So OK new kid on the block said hello to everyone, it's enough now.

margin here is only in the context of swing trades (no daytrading, no futures margin which is something different). margin is really a disaster waiting to happen before you are hit with a losing streak. when it happens the proper reaction imo is to reduce size very quickly (of course no...

wavers, like anyone trying to predict the market, are doomed. but not all wavers are trying to predict, that's what you should realize. but I won't go into that. it is more important to look at odds. the market is rising. but it's a very dangerous level to join either long or short in the...

The market is bid up. that's true. and a recent break out obvious. it may go higher. HOWEVER, the trend is still down long term and that explains the rising wedge we can see for SPX and Dow. it is consistent with EW too. trading is a probability game, not a certainty. I think what we...

low interest does not mean it's easy to get money. it only means money is cheap when you get it, and if. corporations still not buying.

ES 5mn bars 10 ticks stop don't mind the $ profit. the script was not set with the point value. all the rest is fine.

thanks willibald. the system seems to work. I tried ES. but it is very sensitive to the candle size (it's a remark, not criticism). the win ratio is 20% and risk reward is 2.35 (this is the effective ratio after actual trades, meaning you win $2.35 for each 1$ you lose) on 67 trades. it...

'got you willibald. OK, i was replying in the spirit of the thread (since it is about profitseer's system). However, your contribution is more interesting in my opinion because you actually provide the COMPLETE system and test. profitseer is evasive about several aspects which imho will not...

willi my understanding of the system is to use fixed ticks stop. so the actual bar size should not make any difference. the system should either work or not regardless of the candle size.

Simple and easy are not the same. that's so true. That's playing with words a bit too. The more you trade and make money, the simpler the method you try to use. I see this with my trading of course and most if not all of my fellow traders. It is HARD to find this simplicity. it is even...

that's another to look at it. very valid too. why not combine both styles (S/R and Trend) ? do it if you can it will improve your results. It sure did mine.

calling a market on a board is cheap. the paradox is this : having a bias in actual trading is very expensive. forget about calling before it happens. trading with success (well afa trendlike methods) is about calling when it happens, not before. think about it : you are more right in...

Maria "We are 15 seconds in the trading day and we are seeing a strong open as far as stocks are concerned. The dow is 2 points higher and the nasdaq +0.50 point. Yesterday we had a triple digit rally, that's good as far as stocks are concerned. we can sense the excitment on the floor. it's...

pity the original poster does not address the main flaw. if you are against the active trend you are toast since you keep reentering and be stopped out. On the other hand I do know 'simple is good'. I use one method which is very simple (everything being relative right?). And in fact the...

I tested such a system once, or similar. You still have the issue of selecting the direction (long or short). And it does make a big difference. If you are against the active trend you will hit several losers. So, just add a trend detector to the steps (step 0) and you will increase your...

usually stocks don't go to zero, that's true. but what buy and hold traders forget is this : stocks can easily be cut in half (take many the big names, big caps, and not only in technology sector). a stock cut in half must return 100% to go back where it was. so if you don't cut your losses...

short is the way to go (still and again). however august being usually low volume is tricky and dangerous. sharp reversals and all. many trading styles would require, at least, to reduce size and some just to switch to golf indeed. markets are always tradable though. they may not be...

at least that call was good. :) LOL