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  1. I

    Do you see patterns in Random Walks?

    What else does a double bottom need to be combined with in order to be a true long signal?
  2. I

    How necessary are quantitative skills in order to trade profitably?

    Please elaborate. I understand how casinos have a mathematical edge. what does time decay have to do with it? Do you just mean the longer people play the more the casino wins? That's not time decay.
  3. I

    A simple price action approach

    Lol, sure I don't care. I just posted it here cuz I got paged to this thread. Just for the record, I wasn't supporting the method. while it was profitable during the time I forward tested it, I still believe MA's, and all indicators, are worthless. If people can make them work, then good for...
  4. I

    A simple price action approach

    for the method I listed, you can define HH and HL, there's no ambiguity about it. I'll explain later. You don't need zig zag or any of that stuff.
  5. I

    A simple price action approach

    No. It's not discretionary if it's not ambuguous and can be quantified. Discretionary = trading by feel, no real quantifiable rules. Maybe some rules as general guidelines, but not 100%. Cannot be programmed. HH and HL can be programmed, I just don't know how to. The method I listed is...
  6. I

    A simple price action approach

    It's one of those things that I can see but can't program. I'll try to post some examples later. I'm posting from my phone now. I think somewhere on my computer I still have every screenshot and example from back in the day. I use sierra charts for the moving averages and have them colored based...
  7. I

    A simple price action approach

    I only back/forward tested it for a few month a few years ago. there are charts and equity curves in that thread. No promises about it being profitable or not. It was profitable back when I was working with it during the period I tested it on the YM, but I don't use it anymore for what that's...
  8. I

    A simple price action approach

    Well I posted the rules in the other thread but here they are again. The only discretionary stuff is what timeframe to use. So pick whatever you're comfortable with. Indicators: 240 period wma (slow ma) 21 period hull moving average (fast ma) These values were more or less arbitrary...
  9. I

    A simple price action approach

    Hey, I got a pm to come check put this thread. There was indeed a lot of ambiguity in the jjrvat thread, including the normal "guru" type of stuff: - Cherry picked charts - Example charts with different time frames with no explanation of why one might be 50 ticks and another 1 minute or...
  10. I

    For multiple monitor users

    A 22 and 24 inch monitor. I don't day trade much recently, but when I do, sierra charts on the bigger monitor and OEC's order entry on the other monitor. For swing or longer term trading, it doesn't matter. You can do that on whatever monitor you want.
  11. I

    Questions a new trader should ask

    Proper exits is part of an edge, and your formula doesn't factor exits into the equation. Your Mfe could be a million points but if you dont have a method of exiting profitably it doesn't really matter. BTW, 1a2b3cppp is correct: account size can be an edge. Why do you think so many people...
  12. I

    Bitcoin thread anyone?

    What is all this talk of computational power? Is bit coins like SETI? So can you buy books at amazon with bit coins?
  13. I

    Trading Pearls

    Interesting. I extensively tested TRIN (with a bar chart feed) a few years ago, both with the precise rules as outlined in John Carter's Trade the Markets or whatever its called, as well as with various other rules that I created. In the end, i cancelled my bar chart subscription because TRIN...
  14. I

    Any opinions on this "MM indicator?"

    and now in typical internet marketer fashion, the author will probably reply to my post and insult me and say im jealous or im too dumb to understand it or whatever. unless he's too busy banging supermodels to bother replying :D
  15. I

    Any opinions on this "MM indicator?"

    textbook internet marketing landing page. rofl. made up percentages, threats that it might not be available forever, pretty colored font to get your attentions, and the only thing it's missing is a story (designed to suck the reader in) that talks about how he used to be a fat ugly poor...
  16. I

    wanting to be right over making money?

    first of all, i doubt anyone would GIVE away a profitable strategy anymore than a company would reveal its trade secrets. Second of all, no I would have no problem trading it. Who cares if I didnt discover it, as long as i understand it. I didn't discover algebra or electricity but i have...
  17. I

    Captain's log. Stardate 12345.6 point 7

    how much commission are you paying?
  18. I

    How does Buffett do it?

    i thought Buffet used the jh method and made 3x ATR every day.
  19. I

    IN THIS THREAD: IronFist learns (the elusive) PRICE ACTION

    I do from time to time. Im still studying trading but it's taken a back seat to some other business ventures at the moment. I don't use any indicators. I can never tell if it's an HH or LL until it's already been developed, and by then it's "too late." I don't really look at HH or LL...
  20. I

    Market noise

    Noise is what stops you out right before price takes off in your predicted direction :D
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