Do Trendlines work?

Quote from jem:

jack I was your left edge. Your now is may past.

That is always you and your team of trader's choice. I find it more logical to shoot for optimum.

I already did this stuff back when doing it was a real edge and I made plenty of money and so did the traders I backed.

congrats. I do not do edges I am in all of the time. The market offers all of the time so we have designed an approach, on five levels of skills, to be able to extractwhat is available all of the time. Your focus on one edge that occurs during some time or other and then not continuing to do it these days is certainly a great thing to let us all know about. It is your choice.

In fact some of your stuff is just plain silly.

We are glad to put it out there. any other can evaluate it any way he wishes. In fact, there are always people taking the other side of our trades. Your traders may be either on the same side as us or on the other side. If you are that is better for the markets

You talk about cash lead futures or is is futures lead cash.

It is just one of the two. Use the coding to check it out.

don't you realize there are two different kinds of programs. Sometimes the program comes on and buys the futures and then the cash gets bid up. Sometimes they buy the stocks and sell the futures.

We monitor these and all the others as well

Sometimes if you are at one of the big round figures in the Dow you can anticipate 3 programs of support or resistance.

We continually monitor 12 iterations. The coding is described in the jersy story in the heavy scalping thread. The S and R stuff is not nealy as important as the "pulls" games on the four levels described. The stuff in this realm that we do I believe you would find silly since it is a vernier on the fisrt comment that you made. we do not like to start any race by coming off the makr before the gun goes off.

There is not just one leader cash or futures. It is why Don teaches his guys to watch prem. I was taught that by them in 1996 and I eventually turned my studies into a program front running machine. But the super large majority of that edge has been arbed away.

Sorry to hear that. What you learned recently from Don on the prem is what we do as a continuous feed on fair value. The coding we do is both a display and part of the Intermediatle level automated trading. To take in all the possibilities of your sixth comment we also run snapshots periodically (think continuously as a moving average) of a profit of the prem, its drift and the attending pace. You will find sooner or later that when arbing is being done and not being done is where the action is these days. Again you may be front running something that didn't happen.

Your script is so misleading it is a joke.

We haven't posted anything as yet. What is posted are just display adjuncts and often there are several versions. If one is a joke then others may still be in the ball park for you. display stuff is not used to generate signals but just keep the whole picture on the screen. For making money there is always an important factor of picking off the truns very efficiently. The optimization strategies for that are done the way Don taught you only today they are done by the computer since it is more powerful than the individual manually. we do not intentionally mislead anyone. you can see that more people feel they are mislead than are helped. that is probably true of any system on any level. A lot of people understand why this is true. I'm sure you are one of them, too.


Sorry this stuff is so unappealing to you. It is like studying five serial math courses. So far we have put two of the five on the table.

We are admirers of Don's 4 week boot camp. So far we just do 4 day meetings every few months. And we are just getting to the conveniences that professional have.
 
Quote from jack hershey:




I can say one thing though you are doing a lot of work. It is a shame it doesn't have any financial rewards.
Well I suppose it's better than having your girlfriend do all the work and living off her.. eh Jack? :p

But you keep playing those trading contests and posting losses with play money.. hysterical :D
 
Quote from jack hershey:

Sorry this stuff is so unappealing to you. It is like studying five serial math courses. So far we have put two of the five on the table.

We are admirers of Don's 4 week boot camp. So far we just do 4 day meetings every few months. And we are just getting to the conveniences that professional have.

You are still looking at the past and trading off the past. I laugh when I see your Qcharts jpegs. You think their cash quote is giving you some sort of indication of anything? Try leaning how it is made and where it comes from. Unless in changed in the last year or so you are looking at the past.


By the way when I started look at Prem - it was 1996. It was not just recently.

And if you act like you were some big trader back then.

Why don't you tell who your quote provider was back then and how you were getting the data? Because if you were getting real time quotes on the Prem off the floor before 1996 I am sure I know people who know you.
 
I just joined this forum, but hv been trading for the last 16 years - I firmly believe 'trends' in the market are valuable, identifiable when you know what to look for, and they do work. I know this first hand - every other fundamental analysis/news/expected profit/loss etc., is factored into the price. So what else do you have, except following trends with an oscillator (I only use one, known as the trend index) to confirm your buys... with this attitude/discipline, I have steadfastly built up a considerable 7 figure portfolio - I think the art is in 'patience', finding the right stocks, and not overtrading/use of excessive margin (this is what I mean by patience). Trendlines are central to my analysis. Make no mistake, they are beautifully simple and overlooked. I found a free charting service which provides both the trend index and dead easy to use trend charts, color coded at clickcharts DOT com - enjoy!
 
High probability counter trend trade.

Follow the red balls starting at pivot F2

for classic Andrews five pivot pattern.

F2 failure to reach lower purple MLH

buy 1st orange bar breakout over upper purple MLH,

PT: probable 5 pivot at confluence of
of green A/R and dashed red S/R lines.

Look ma, no lagging indicators!:p
 

Attachments

I think they do

4u95mps.gif


ym chart
 
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