This is good quality, excellent material Austin. We all can learn from it--- hopefully mods see it as educational rather than promotional and keep it live. Atleast someone in the TA camp is willing to demonstrate live---
hmm.no edges in the markets
- Thread starter chimera
- Start date
You knew it did even before you posted the link as the others in the past that got deleted. Heck, why not right...surf has already marketed someone here that he's affiliated with and gets compensated financially
Regardless, surf will intentionally forget these live recordings by next month like he has about other folks in the past. He will then troll another thread and say nobody in the TA camp has stepped up to the play to do such.
Quote from wrbtrader:
You knew it did even before you posted the link as the others in the past that got deleted. Heck, why not right...surf has already marketed someone here that he's affiliated with and gets compensated financially
Regardless, surf will intentionally forget these live recordings by next month like he has about other folks in the past. He will then troll another thread and say nobody in the TA camp has stepped up to the play to do such.
what a hypocrite !
I will share what I call an "EDGE" for the opening bar range breakout strategy called "My 4x4 that uses no gas"
Keep in mind this is for the 0930 EST bars range. We are talking ES here. The 4x4 means 4 contracts each trade and seeking 4 handles (16 ticks) and if/when satisfied book the trade/s and move on to your regular day trade tactics for the rest of the day, or just call $800 good for the day if desired. Surprise yourself!
The STOP loss can either be the other side of the bars range limit or anything in between depending on how your breakfast is feeding your brain.
If the STOP is the other extreme end of the ORB, then by all means do a SAR. I like smaller STOPS and will wait to see how price acts as it nails either side........BUT SAR works best in tighter open bar range.
In general, unless we get a sissy type whipsaw over and over open, a couple small stop-outs will be reversed once price takes off for a few handles.
Some days, price takes out either one side or the other of the orb (open range bar) and never looks back.
Extend the mechanical contest to 5 handles on 4 cars and you just nailed a grand. Depending on the action itself (subjective) I will punch out at +2 or +3 handles and reenter for the 4. The nice days are when you get 4 handles in a single trade, sweet!
That is what I call an EDGE for the opening of the day..........
PS: yeah, yeah, I know, it is not wise to give away secrets in a public forum, LOL. But, what many new boys/girls only figure out later is that.........you want friends following you so you can profit from them..
Keep in mind this is for the 0930 EST bars range. We are talking ES here. The 4x4 means 4 contracts each trade and seeking 4 handles (16 ticks) and if/when satisfied book the trade/s and move on to your regular day trade tactics for the rest of the day, or just call $800 good for the day if desired. Surprise yourself!
The STOP loss can either be the other side of the bars range limit or anything in between depending on how your breakfast is feeding your brain.
If the STOP is the other extreme end of the ORB, then by all means do a SAR. I like smaller STOPS and will wait to see how price acts as it nails either side........BUT SAR works best in tighter open bar range.
In general, unless we get a sissy type whipsaw over and over open, a couple small stop-outs will be reversed once price takes off for a few handles.
Some days, price takes out either one side or the other of the orb (open range bar) and never looks back.
Extend the mechanical contest to 5 handles on 4 cars and you just nailed a grand. Depending on the action itself (subjective) I will punch out at +2 or +3 handles and reenter for the 4. The nice days are when you get 4 handles in a single trade, sweet!
That is what I call an EDGE for the opening of the day..........
PS: yeah, yeah, I know, it is not wise to give away secrets in a public forum, LOL. But, what many new boys/girls only figure out later is that.........you want friends following you so you can profit from them..
Sad but probably true. It will just be same shit different day most likely. But I will hold out hope I'll be proven wrong.
Quote from wrbtrader:
Regardless, surf will intentionally forget these live recordings by next month like he has about other folks in the past. He will then troll another thread and say nobody in the TA camp has stepped up to the play to do such.
The OP (chimera) is long gone. He's very similar to emg. They start a thread like this and quickly disappear until the next thread.
Anyways, as stated earlier, I agree with the OP but via the fact that most traders get into trading without a complete trading plan. Thus, most traders really are not prepared to trade and its just gambling for these particular traders.
In addition, the OP said about 1:100 have an edge but only for a short time period. Well, the actual stats doesn't matter to me but I think the few out there that do have an edge, most of them will have an edge for long periods and most likely have more than one edge or more likely to adapt to find a new edge when the old one disappears.
I never traded without algorithms, even in some fundamental investments I used econometrics to value some stocks and they usually skyrocketed just to fall quickly...wish I could have backtested that. I haven't done that for a while, and chimera clearly is gone having been overwhelmed with nonsensical debate from political farse than mathematical and reasonabe basis.
