Has Anyone Beaten Dan Zangers 300,000+% Return

[dbphoenix]

Would you say a 'hinge' is just a 'triangle pattern', though?

The hinge can be called a triangle or it can be called a coil, but what it's called is irrelevant. What is important is that wide disagreements among buyers and sellers as to the value of whatever it is become ever-narrower over time, which may last for minutes or weeks. This narrowing is accompanied by a decline in volume. Once price reaches equilibrium, it will then move either up or down. If the volume is conducive to an explosive move, there will be one. If interest dies, then you end up with a lateral range.

Is there a way of determining whether price will move up or down after it's reached equilibrium? Not by 100%. That's why the trader has to be prepared for both, as I tried to point out with regard to oil last February (the idea of preparing for both eventualities was met with great hilarity by The Elite).

 

[lawrence-lugar]

Everyone who trades from a chart are trading 'patterns' in a sense.

Trading is all basically patterns (and investing too, to a lesser extent) -- otherwise, it would just be basically gambling on what color the roulette ball will land on ops:

 

[Fundlord]

It is entirely possible to do this with Options, problem is: easy comes, easy goes. I bet he won't be able to duplicate this. I did something crazy like this twice in my lifetime. I once turned $5000 into $112.000 in one month in 1994, then over time I lost it all back. The other time I managed my partner's funds. I started with his $850,000, it dropped to $250,000 (yikes), trading Options, then from Dec 2000 to August 2001, I turned it into $9+Million. I had $9 million in puts when Sep 11 happened. The next day 9/17 it doubled into 18.5 Million dollars. Believe it or not. My partner took his money and retired and I gave all my commissions back over time. Options are a gamblers paradise.

Is it just because of the leverage and limited downside in options ?

In FX outside the US you could take a 500x leveraged position in lets say the GBP/USD.

If you had the balls and a 1000$ you could have caught 100 pips per day @ 500 x leverage on several occasions do this 5 times and you have $3m.

Or to improve your odds you could have 100x leverage have a 100 pip stop/take profit and either double or blow you account.

Obviously its easier said than done haha

 

[marketsurfer]

He focuses on price behavior.

He's studied and characterized his instruments and his market.

He's prepared.

It's nothing secret; it's just that so few people take the trouble.

Is that why it hasnt worked since 2002???

 

[marketsurfer]

Yeah, but when I made that kind of money, I thought I was King of the world and I could never lose my Million+ dollars in commission back, but I did (like a fool) and I suspect Dan lost his own back too!

Yes. Very common. But most of these ne'erdowells dont get "it"

 

[marketsurfer]

I suspect he focuses on the behavior that creates the pattern rather than the pattern itself. If the "secret" were nothing more than trading patterns, then anyone who traded patterns would be making his living thru trading.

But it's not so simple, largely because those who focus on patterns ignore the behaviors that are creating the patterns. They therefore don't know when to press and when to hold back.

Psychobabble. Where are the tests?

 

[Rajacar]

Is it just because of the leverage and limited downside in options ?

Yes Leverage is the reason

 

[lucysparabola]

Is it just because of the leverage and limited downside in options ?

In FX outside the US you could take a 500x leveraged position in lets say the GBP/USD.

If you had the balls and a 1000$ you could have caught 100 pips per day @ 500 x leverage on several occasions do this 5 times and you have $3m.

Or to improve your odds you could have 100x leverage have a 100 pip stop/take profit and either double or blow you account.

Obviously its easier said than done haha

Or even better - use digital options to make double or lose all in one trade. ofc the loss is limited to debit, so if you have something viable, reinvest it 20x and win the world.