I've been a severe detractor of yours over the past several years because the concept of consistently taking out more than a fraction of the daily range is foreign to me. This ideology was based on many years of testing literally hundreds of trading systems.
I despise indicators . I'm a value based trader who trades around key value areas and I do not look at intraday charts much. Yesterday I started doodling with trendlines and things just clicked. Today I put up a few indicators to mimic the charts posted by others who trade your system and I did very well. Usually I'm able to take out 30% of the daily range consistently ( based on 1 contract), however today I took out 180% of the daily range. I belive my experience as a tape reader and knowledge of price movement inside value areas was critical to understanding your ideas. I have posted an edited version of my marked chart here. Please note all the markings and notes were made in real time.
<a href="http://imageshack.us"><img src="http://img341.imageshack.us/img341/7202/fttsw9.gif" border="0" alt="Image Hosted by ImageShack.us" /></a>
Although much of what you write still makes no sense to me, I would like to thank you for sharing your ideas. I would also like to thank the traders who took the time to decipher your vocabulary and post their translations. When I first started trading, I had the misfortune of being entrapped by charlatans and egomaniacal loser gurus who cost me much in time and in money making my early learning process a very painful one. I have found the internet and the trade literature to be full of many of these sick people. I mistook you for being another of these egomaniacal loser gurus.
I belive that a learning process initially is a linear experience consisting of a linear series of epiphanies. Most individuals get stuck inside the linear series. However a fortunate few are able to take these initial collection of epiphanies, and with the help of individuals such as yourself, able to extrapolate the linear series into a exponential series. I wish to thank you for providing the several profound epiphanies which will be life altering for me because you have now nudged my previously linear mental process onto the exponential path.
I made this post to let you know that your efforts have not been in vain. Please accept my sincerest apologies for being a serial detractor. Thank you very much for sharing your ideas. May the good Lord bless you and everything you do.
I despise indicators . I'm a value based trader who trades around key value areas and I do not look at intraday charts much. Yesterday I started doodling with trendlines and things just clicked. Today I put up a few indicators to mimic the charts posted by others who trade your system and I did very well. Usually I'm able to take out 30% of the daily range consistently ( based on 1 contract), however today I took out 180% of the daily range. I belive my experience as a tape reader and knowledge of price movement inside value areas was critical to understanding your ideas. I have posted an edited version of my marked chart here. Please note all the markings and notes were made in real time.
<a href="http://imageshack.us"><img src="http://img341.imageshack.us/img341/7202/fttsw9.gif" border="0" alt="Image Hosted by ImageShack.us" /></a>
Although much of what you write still makes no sense to me, I would like to thank you for sharing your ideas. I would also like to thank the traders who took the time to decipher your vocabulary and post their translations. When I first started trading, I had the misfortune of being entrapped by charlatans and egomaniacal loser gurus who cost me much in time and in money making my early learning process a very painful one. I have found the internet and the trade literature to be full of many of these sick people. I mistook you for being another of these egomaniacal loser gurus.
I belive that a learning process initially is a linear experience consisting of a linear series of epiphanies. Most individuals get stuck inside the linear series. However a fortunate few are able to take these initial collection of epiphanies, and with the help of individuals such as yourself, able to extrapolate the linear series into a exponential series. I wish to thank you for providing the several profound epiphanies which will be life altering for me because you have now nudged my previously linear mental process onto the exponential path.
I made this post to let you know that your efforts have not been in vain. Please accept my sincerest apologies for being a serial detractor. Thank you very much for sharing your ideas. May the good Lord bless you and everything you do.
