2 Bar Charlie Day Trade System ("LIVE DEMO")

T-REX · Oct 14, 2003

Those of you who follow the "Swing Vix FORECAST Matrix"

I hope you already placed your working orders today????
At this rate you may not have another opportunity to do so.

T-REX · Oct 14, 2003

NQ is now building support @ the 1412.00 price level as predicted!

T-REX · Oct 14, 2003

Our next leg up price target is 1416 price levels. If the market reaches this level you will want to move your stop loss to 1414.00 or get out with profit. Or if you are swing trading this then you would simply look to hold over the next 2 days especially if NQ takes out yesterday's high.

trendy · Oct 14, 2003

Quote from dbphoenix:

Actually, the responsibility for testing belongs to t-rex, not maggandre.

The responsibility belongs to the poster. T-REX has already said he has been using this methodology for some time and it is very profitable. So, I will give him the benefit of the doubt at this point in time. What I don't like is someone leaving a post saying be careful, this method has many more losers than winners, without providing any evidence, anecdotal or otherwise to support it.

balda · Oct 14, 2003

Based on description of the system Long at 1413.50 on the close of the 5 min bar above 40MA

so far down 2 points with no stop loss

just trying to stay on topic.

OddTrader · Oct 14, 2003

Quote from T-REX:

Foot in mouth quote revised: not a losing week/day since after my first 2 weeks starting the journal...

That's better, much better!

T-REX · Oct 14, 2003

Quote from balda:

Based on description of the system Long at 1413.50 on the close of the 5 min bar above 40MA

so far down 2 points with no stop loss

just trying to stay on topic.

Thanks balda.

By the way how da hell r ya???

Stop loss is still @ 1406..

balda · Oct 14, 2003

why stop loss at 1406? and wasn't I suppose to go short at 1412 also on close of the bar?

maggandre · Oct 14, 2003

Quote from trendy:

The responsibility belongs to the poster. T-REX has already said he has been using this methodology for some time and it is very profitable. So, I will give him the benefit of the doubt at this point in time. What I don't like is someone leaving a post saying be careful, this method has many more losers than winners, without providing any evidence, anecdotal or otherwise to support it.

I said look at the last 20 days of charts. There is your evidence. The system will whipsaw you a lot, and without criteria for an exit, most would lose money.

hypostomus · Oct 14, 2003

...excuse please, english not naive language. Why no say short stop belower 1406? You no bereave outbreak? So-al, you cheat! You watch report/desistence QQQ! Fraud!