Search results

I'm surprised you didn't say anything about your chemotherapy. How's that going, by the way?

This is essentially what I do. If I'm stopped out of both sides in succession, then I'm in chop. This is nearly always accompanied by a lower high and a higher low, either simultaneously or soon thereafter. I don't trade again until the chop is exited. This can take a few minutes or several hours.

A consistently-profitable trading system needn't be brilliant. It need only be consistently profitable. And that takes some work. But few people want to do the work. So the few make money while the rest don't. The path has been laid, lit, paved with flagstones and littered with breadcrumbs...

Well, he did say "closely". Just not how closely.

And if not, there's always the tooth fairy.

Not nearly as funny as reading you speak of religious tolerance.

If you had a consistently-profitable system that worked more often than "sometimes", you might have some credibility. But you haven't, it doesn't, and you don't. Therefore, what you know "for certain" has no particular relevance. The "peace" sign-off is inconsistent with the bullying and the...

Too bad, 'cause though you provide only a snippet, the first appears to be an accumulation/distribution base and the second a state of equilibrium. The volume for the first would have provided a clue as to which it was and the volume on the second would most likely be consistently low.

Fear of being ridiculed? Hardly. As for the rate, I make two to three trades a day. If a long is worth about 20pts, a false start on the downleg is a loss for four points, and the downleg is worth 15, what is my winrate? What is my P:L? Next day I start the day with two losers, one on the long...

So you've short for the last seven years? I'd get a new program. Price doesn't move in bars. Price is continuous.

My winrate is comparable to those of others who follow the SLA (and not appreciably different from any of the numbers I've seen reported by those who trade price, e.g., NoDoji). This winrate number than you keep throwing around was for one month over a year ago. I suggest you get over it.

Of course, there's consistency. The S&P and NDX, among others, have been in a consistent pattern for the past seven years.

None of which is true. Is this how you go about winning arguments? Like I said, arguing with you is like playing chess with a pigeon: it's just going to crap all over everything and act like it's won anyway.

And, in turn, knowledge.

Trading price action has "worked" for millennia. To benefit from this, however, one must know why price moves up and down. Not everyone understands this.

And who programs the computer? And if computers are so superior, why does your program work only "sometimes" and "isn't consistently profitable"? Aren't your statisticians supposed to be setting the world on fire?

I'd be interested in seeing the volume for these if you have it.

And who cares about "true" tick data anyway? Price action is a movie, not a slideshow.

Since you can't do better than a program that works only "sometimes" and "isn't consistently profitable", I suggest that you start again from scratch and learn something about how markets work.

IB.