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You know.. come to think of it.. You're right. Maybe tradersaavy is the exception but he had the divergence setup worked out before he started the jorunal. nopmplease was another success story but again, he had a method together before he started the journal i think.

what are you trying to say, capamunt?

Finding a mentor (who actually makes a living from trading, not vending) is damn near impossible :(

Personally I knew how this journal would end after reading the first page. I have nothing against goodpunk, and not trying to be an asshole. I knew because, I've seen too many journals like that on ET. After reading the first page, it was clear that the guy is stabbing in the dark, does not have...

emm, ok, you have nice shoes, man.. just kidding. ok lets talk. soooo you know those people who say that your reward should be X times (2 or preferrably 3) times your stop? So we just proved that it doesn't work with a random entry. So what's the conclusion? That it's possible to obtain...

Thank you Einstein. That's what the whole thread tried to test out. Moreever the probably in 2:1 scenario is 33% to 66%.

for how many weeks did you paper trade?

And people who signed up with you posted here and said you're full of it - what do you say to that Mr. Market Perfection?

Prof, noone knows what the f you purportedly do, OK? You have never clearly described ONE example with a chart. Never you posted tons and tons of crap, but I will bet you $100 there's not one ETer who can clearly explain and illustrate what you do. It seems that your whole purpose here is to...

BUT... breakout of what? Let's take our beloved ES intraday. How often does it break out? 2 days out of 20 trading days in a month? I mean... And break out of what? Some pivot line or some other arbitrary line in the sand? So it breaks out... then what? You will trendfollow the breakout? To...

well ... how do you find something that has a 70-80% hit rate and occurs more often than once in a year? u know what i mean? I havent been able to find something like that.

thanks for the back test. it proved my hypothesis, or my grand theory of "edge elimination tendency". Yes? Where do we go from here though?

Believe it or not that was the point. If we take a random entry and do the 2:1 Risk/Reward thing - what happens? In other words, it's like trying to cheat the market. The probability of up and down movements are both 50% but you want the moves to be continutoes to the degree that you can cut...

Basically I thought of this system idea and asking someone here to test it. Here's a simple system for ES. It's a 5 minute chart. We enter on the open of 10AM bar. The direction is determined by whther the previous bar was an up or down bar (close > open criteria). Nextly, we exit at +2...

yea, like how would we ascertain that you're a trader for example? suggest a good way. like maybe you would let us see your brokerage statements? or..?

no, just 90-95% of them.

so what happens when you trade the ACD by the book? You lose?

great. keep the updates coming.

i think this thread needs an acrary, et. al.

It doesn't work, genius.