Do Trendlines work?
- Thread starter duard
- Start date
âInside bar,, Started beautiful rally today ⦠
I understand. Some traders do this and it works for them.
I probably have 7+ rules too for entry and exit but I just don't have them coded. And it works for me.
I could go over my method with you if you'd like, although a lot of it is in this thread already if you piece it together. But, I don't want to chop up this thread, it is about TRENDLINES.
PM me if you'd like.
Savvy. Thank you for your kind offer, but I have tried many times to understand other people's complicated systems and I never seem to be able to get it. My best system, which I never talk about, has only two rules. The seven rule one is a little oil/NQ tick fuck I described elsewhere. It is so complex that it might as well be intuitive. I often find when I dialogue with people about their systems that they have far more rules than they realize. Which I why I love ragging on Jack. He is impossible to pin down because he doesn't want anything he espouses to be tested. Mike.
Easy. Not automated. Unless you consider the inside of your head to be automation. In the pitiful little system I described, it's not like you have to be able to recognize seven things which magically occur together, a la Jack. The seven rules are conditions which slowly build up, like an orgasm, until you have to either take the trade or get blue balls. Mike.
Quote from makosgu:
OK GROB, I am asking for some clarification please... I saw M0z's post but had some differences as to the items he ID'd as low risk. Nothing in this post is a response. No facial expressions or head gestures either.
Makosgu, I was hoping you would share what you saw differently on my list. It was an initial start and I have changed it a little since then, and I still have more to go. I'm trying to not get ahead of myself filling in the list, sometimes things I think of are really only wishful thinking for things I don't really "know" yet. Here is my current list
Jack's 'spouses' don't need to be tested. NLP guarantees success.
Could you refer me to the post where you describe your 7-rule system?
P.S. Don't even think of telling me to search for it because if you do I will send you to where the sun dont shine faster than you can say pie.
P.S. Don't even think of telling me to search for it because if you do I will send you to where the sun dont shine faster than you can say pie.
Oh, Sunny, you are still a system piggie. One day you will learn that other people's systems will not work for YOU! That is because working systems are so bizarre and counterintuitive that you can't believe them. It is very much like sex, where you have to have the insight and courage to dominate a ball-buster. As I recall them, here are the rules:
1. NQ
2. The current contract (haha! don't think of that as a rule, do you)?
3. 11:30 to 1:00 EST.
4. price is in a 2-4 tick consolidation
5. has been for at least ten minutes
6. volume is less than 5 cars per second
7. oil moved up or down by at least 50 cents during the NQ consolidation
8. NQ moved not at all in response
9. NQ moves by at least two ticks in the direction oil went
10. trade 1 car in opposite to that direction
11. Have the balls to stick with it for at least ten minutes
12. Count your blessings if you make four tick and hook 'em.
13. Otherwise get out after 20 minutes.
14. I am sure I forgot some.
15. Oh, yes, the market must be open.
1. NQ
2. The current contract (haha! don't think of that as a rule, do you)?
3. 11:30 to 1:00 EST.
4. price is in a 2-4 tick consolidation
5. has been for at least ten minutes
6. volume is less than 5 cars per second
7. oil moved up or down by at least 50 cents during the NQ consolidation
8. NQ moved not at all in response
9. NQ moves by at least two ticks in the direction oil went
10. trade 1 car in opposite to that direction
11. Have the balls to stick with it for at least ten minutes
12. Count your blessings if you make four tick and hook 'em.
13. Otherwise get out after 20 minutes.
14. I am sure I forgot some.
15. Oh, yes, the market must be open.