You forgot about the unstated double reverse delta with a square root of Pi/1.27 as the profit objective. Based on that unposted rule, he is up 58 points and has not had a losing trade since 1946.
Damn you db for trying to stir up sh*t.
2 Bar Charlie Day Trade System ("LIVE DEMO")
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You forgot about the unstated double reverse delta with a square root of Pi/1.27 as the profit objective. Based on that unposted rule, he is up 58 points and has not had a losing trade since 1946.
Damn you db for trying to stir up sh*t.
Great Question!
I can see why you are confused. It is true that the parameters posted in the download copy of the system call for a crossing of the 5min bar with the 40 EMA. However, if you go back and read what I posted today I used a "scalping" variation model as our example on how you can use the system to your own personality and/or purpose.
p.s. thank you for your question it is a fair one.
Now thats what I meant by "constructive criticism".
Lets keep em coming.
T-REX,
I would like to understand system as was described, because you are using great deal of discretion which has nothing to do with system.
I am using MA as my primery entry indicator, I also use Pivot points, Value area, ADX and simple TA (support resistance) to get general bios and I trade ES with 2 points hard stop most of the time. my entry on ES was long at 1040.00 because (previous day low, price on 5min chart was below 222MA when 5MA was above 222MA this is one of my favorite set ups and my exit was on double top at 1043.00 I am not doing live posting but I have reasons behind my trades.
I would like to understand system as was described, because you are using great deal of discretion which has nothing to do with system.
I am using MA as my primery entry indicator, I also use Pivot points, Value area, ADX and simple TA (support resistance) to get general bios and I trade ES with 2 points hard stop most of the time. my entry on ES was long at 1040.00 because (previous day low, price on 5min chart was below 222MA when 5MA was above 222MA this is one of my favorite set ups and my exit was on double top at 1043.00 I am not doing live posting but I have reasons behind my trades.
C'mon Dude. I know you have more to say than that.
I know that you followed along with out demonstration.
You don't have to be embarrased about asking questions. There are many like you who have not been able to trade successfully thats why I'm here. to help guide you toward profitability.
Please dont be ashamed to ask intellegent questions.
No one will make fun of you. I will not allow bashing anyone on this thread.
Please ask away.
Thank you balda.
You bring up a great point.
YES. I also use other indicators as well such as my own "Swing Vix" indicator along with MACD 10,40,10 parameters and Stoch 14,3,3 parameters. I also use support & resistance areas as well.
NOTE: I dont use these standard Technical Indicators as most do. It would be difficult to explain and would be beyond the scope of this thread.
Lets walk through todays demo. That should help to clear up alot of confusion.
Quote from T-REX:
C'mon Dude. I know you have more to say than that.
I know that you followed along with out demonstration.
You don't have to be embarrased about asking questions. There are many like you who have not been able to trade successfully thats why I'm here. to help guide you toward profitability.
Please dont be ashamed to ask intellegent questions.
No one will make fun of you. I will not allow bashing anyone on this thread.
Please ask away.
I've asked you and followers to give me any reason to buy and to cover at posted levels, and please do not quote your previous posts they have nothing to do with system.
It has everything to do with the system. Please go back to the begining and you will see that I stated that we were going to use the "scalpe" method variation of the system today and I walked you through a live example of that.
I even gave you the rationale behind the trades and what to look for. Did you not pay close attention? We can re-walk thru it again if that is what it will take. I really want you to get it. I dont want anybody to be confused.
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