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Anyone use my method?
- Thread starter no_pm_please
- Start date
Quote from letom13eur:
Hi, npp did you take the trade of yesterday around 1.35 ? if no why ? thanks
No, I didn't. This method is based on trend exhaustion. Yesterday's move was casued by the Federal reserve decision and not as a result of normal trading. I don't try and trade on Fed days anymore.
why are you all raving about this method? even some who I believe to be experienced and succesful traders
I guess I am the only one to be skeptic Has anyone actually folllowed this system and made money every month in it for at least 6 months? I would never trade it.
This system trades against the trend, it waits as I understand for a trend with the ADX and then a reversal, so it's not really a range day system (entering at range extremes). Best way to lose money in the market IMO. Divergences are not reliable, especially for timing purpose, anyone with experience will tell you that.
no pm is only looking at 5 min chart, just looking at that you are trading blind.
I guess I am the only one to be skeptic Has anyone actually folllowed this system and made money every month in it for at least 6 months? I would never trade it.
This system trades against the trend, it waits as I understand for a trend with the ADX and then a reversal, so it's not really a range day system (entering at range extremes). Best way to lose money in the market IMO. Divergences are not reliable, especially for timing purpose, anyone with experience will tell you that.
no pm is only looking at 5 min chart, just looking at that you are trading blind.
anyway after watching it more precisely ADX went above 30 at 1.35 so we had to wait for a new lower high right? thing is that the top of the next bar is the same as the previous and not > or <. if we take as a rule : the next top must be < previous high we have a signal at 2.10. i admit it's tricky but not that much. any comments on that? thx
Quote from Kicking:
why are you all raving about this method? even some who I believe to be experienced and successful traders
I guess I am the only one to be skeptic Has anyone actually followed this system and made money every month in it for at least 6 months? I would never trade it.
This system trades against the trend, it waits as I understand for a trend with the ADX and then a reversal, so it's not really a range day system (entering at range extremes). Best way to lose money in the market IMO. Divergences are not reliable, especially for timing purpose, anyone with experience will tell you that.
no pm is only looking at 5 min chart, just looking at that you are trading blind.
Don't worry Kicking, 30 days from now noone will be trading this and I'll be using it just as I have for the past years. The enthusiasm will evaporate with the first losing trade.
Kicking,
I'm examining it as a method of triggering in on a possible longer term change in intraday trend, when certain other factors on my longer term charts are in alignment with it. Been using CCI divergences in this way for quite some time; this interests me as a method of further refining that. Not necessarily as standalone.
I'm examining it as a method of triggering in on a possible longer term change in intraday trend, when certain other factors on my longer term charts are in alignment with it. Been using CCI divergences in this way for quite some time; this interests me as a method of further refining that. Not necessarily as standalone.
Quote from letom13eur:
anyway after watching it more precisely ADX went above 30 at 1.35 so we had to wait for a new lower high right? thing is that the top of the next bar is the same as the previous and not > or <. if we take as a rule : the next top must be < previous high we have a signal at 2.10. i admit it's tricky but not that much. any comments on that? thx
You would've gotten short on the 2:10 open around 1278.25.
The Keltner width the bar before showed the stop would be 3.25 pts. The end of day close was 1277.25, so the risk would've been 3.25 to make 1 pt. (assuming no slippage...lol)
Quote from Kicking:
why are you all raving about this method? even some who I believe to be experienced and succesful traders
I guess I am the only one to be skeptic Has anyone actually folllowed this system and made money every month in it for at least 6 months? I would never trade it.
This system trades against the trend, it waits as I understand for a trend with the ADX and then a reversal, so it's not really a range day system (entering at range extremes). Best way to lose money in the market IMO. Divergences are not reliable, especially for timing purpose, anyone with experience will tell you that.
no pm is only looking at 5 min chart, just looking at that you are trading blind.
Man, it shows the hunger on this site....
Bring on the manna and holy quail!