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hey interdim, check your PMs :D

I wrote an indicator once that did a similar thing: it identified on the chart where the "big" bid and ask orders were and where they "small" bid and ask orders were. It provided no edge because there was no correlation between the beginning, middle, or end of trends. Every possible...

"Huge" is not a quantifiable term. Dude. First of all it's not my call. It was my interpretation of the spreadsheet posted by the Threadstarter. Second of all, look at the pic at 15:30. Relative to the rest of the chart, I saw that at the end and thought "wow, that's a huge rally."...

im posting from my phone now. IIRC the forecasted chart showed price going up to a new high or close to a new high. so it was a "huge" rally relative to the rest of the day. i dont know what price actually did cuz i had to go do something and im away from my computer now.

That makes sense. Looking at the ES B points today, the relative highs and lows are wrong, but the average is rather quite accurate in terms of general ES direction.

looking at ES B, that is.

ok cool, i see it now. Suggesting a huge rally in the ES during the last hour of trading. Let's see how it works out.

in for later browsing from my phone and cant do excel files

im posting from my phone on the train so please excuse any typos. i enjoyed reading your post. i can tell that you think in a very qualitative way. i've been on the same path as you for the last few years. good luck.

Ever since you made this post the ES has been going down. Are you still long? :p

You don't have to convince me that martingaling is dangerous :D I was just presenting this to ET cuz I've never seen it mentioned here before. We've talked about trend following, counter trend, martingale RTM, and grid systems, but never this (whatever this is).

I'm not disagreeing. But I guess if your account is big enough to run it out to 24 progressions, combined with good entry rules, there's a good chance you won't lose. He later modified it to only go 7 progressions deep.

No you're not. The sequence in that pic is like this: -10 -20 -30 -50 -70 -120 +360 --------- +60 edit - were you thinking it was a grid system? It's not. He's stopping and reversing, NOT opening simultaneous positions.

When it hits your TP. I think the guy was using a 10 pip reverse and 40 or 50 pip TP.

Seems more like betting on volatility, sort of like an option straddle. Or maybe the person does have a clue and realizes that they really cannot predict direction. I dunno. It was like a 25 page thread on another forum.

Saw this on a forex forum. It's trend following for people who can't predict direction. You start small and if price goes against you, stop and reverse with a bigger lot size, if it goes against you again, stop and reverse with a bigger lot size, etc. You're betting that price will...

Here's what I have heard: - He doesn't make money trading - His trading room moderators admit that neither they nor anyone else makes money - None of his setups or methods have backtested profitably (here come the people who say backtesting is useless) And let's be honest, CCI just...

Agreed 100%. All these people who are all "oh man if only I could follow my own rules" make it sounds like they have a system with positive expectancy. If so, please let me know what it is and I'll follow its rules perfectly and give you a % of my winnings.

And instructions on how to install it? Bonus points if it can change color based on slope. And bonus points if it's the correct HMA. I had one before that was called Hull MA but it was different from SierraChart's HMA, which I know to be correct.

jjrvat, The problem I had with trying to scalp was that I didn't understand how to cut losses when scalping. Price is always bouncing all over the place (noise) within the trend, so what happens if I'm aiming for "2 to 8 ticks" but as soon as I enter it goes against me 10 ticks? Do I sell...