How many of you got faked out today?

Quote from RangeTrader:

God... You guys are all a bunch of idiots...

Follow the rule "Keep it simple, stupid..."

I define current trend as a 10 range breakout/breakdown and a 20 range breakout/breakdown. Confirmation signal at 15 and 25 handles.

The 20 range VERY rarely headfakes.

If you do swing trades you have to use projections and estimate the tops/bottoms and calculate them out before the turn... Because when the market turns and breaks range into the next trade cycle it will do it so fast you won't have time to react. You HAVE to be positioned before a move to catch it.

Sometimes the market will swing a little bit as it's pushing for the breakout/breakdown... But more often than not it just breaks out and beelines straight into the next trade cycle.


There are good range breakout strategies... But, It's not my type of trading. I like playing bottoms/tops or scalping cycles.


Very simple way to define current trend. There ya go! :cool:


My current analysis is that we are reaching the end of this cycle. We either turn here or 10 points higher, but I don't expect us to retrace as much as the previous times... Another 50 points down again isn't in the cards without a catalyst.

If there is no QE3 at the fed meeting at the end of the month... Sure, make it a 80 handle breakdown that trade cycle... :D
More...

Do you just like posting for the hell of it? Your posts are drivel, with almost no useful information for anyone. When i read the first couple threads you started I could tell that you didn't trade. Even if you do, definitely not fulltime or anything meaningful.

Do you know how i can tell? Your level of understanding of the market is very elementary. You are pushing elementary schoolwork as if it is a master's course! Please lol
 
Quote from Shanb:

Do you just like posting for the hell of it? Your posts are drivel, with almost no useful information for anyone. When i read the first couple threads you started I could tell that you didn't trade. Even if you do, definitely not fulltime or anything meaningful.

Do you know how i can tell? Your level of understanding of the market is very elementary. You are pushing elementary schoolwork as if it is a master's course! Please lol
More...

Most of the people on this forum including you don't even know what a point based range break is.... And I am not even sure you do even after I show you one.

LoL...

If I showed anyone on here my full system it would take me around a year to teach it to you. It's a lot instinct but those elements of the system can be broken down and learned too.
 
Quote from RangeTrader:

Most of the people on this forum including you don't even know what a point based range break is.... And I am not even sure you do even after I show you one.

LoL...

If I showed anyone on here my full system it would take me around a year to teach it to you. It's a lot instinct but those elements of the system can be broken down and learned too.
More...

Your point based range break will not help you in becoming a consistent trader!

The single biggest factor to success is screen time and actual trading experience. Its obvious that you don't have much of either. I'm willing to bet that I've prob logged 10x as many hours of trading and screentime as you and I am probable alot younger than you !
 
Quote from jack hershey:

FYI.

I called the open in advance every day recently.

Here is the entry for tomorrow within the first 15 to 20 seconds of bar 1 on the 5-min ES chart. Go SHORT.

FYI

The context is that bar 81 was pt3 of a parallelogram that contains the short. The FTT of both the sub fractal and the trading fractal will occur simultaneously. Additionally you can get the value of the FTT in advance by obsevering the Wall on the DOM.
More...
Quote from jack hershey:

Fuck You
More...
 
So looking at a 5-minute chart in the ES.....if you bought above the high of first five-minutes it would not work.

But if the system is selling at the 300 or 500% level then we are not there yet. and i think these levels have some value.

or maybe you take a loss after the buy and now you are short.

I think you need an easy system because then you can sell to anyone, and not confuse the beginners. like a system that says buy above VWAP and sell below VWAP. with 10,000 stocks, i can show you tons of how it worked to perfection.

the argument is pointless. only the P/L matters.

and i'm sure i'm lagging today so buy my book!!!!!
 
Quote from Shanb:

Your point based range break will not help you in becoming a consistent trader!

The single biggest factor to success is screen time and actual trading experience. Its obvious that you don't have much of either. I'm willing to bet that I've prob logged 10x as many hours of trading and screentime as you and I am probable alot younger than you !
More...

You should do yourself a favor and put that guy on ignore. Anyone who says "trading is simple" is blowing smoke or doesn't trade.

Does it get easier? Sure, once you've put in the screen time and developed a coherent framework. To say that it's "simple" to get to that point, though, is ludicrous. Ask the families of any of the traders who couldn't quite get there and ended up committing suicide because of their trading losses. I'm sure they'll have a very different opinion on how "simple" trading is.
 
Quote from logic_man:

It's that kind of "hard-coding" of arbitrary values that prompted me to post this.

http://www.elitetrader.com/vb/showthread.php?threadid=246244

Anyone pushing a "system" with more than 1 hard-coded parameter is pushing something that will ultimately fail. The market is WAY too dynamic for anything of that nature to work.
More...

Actually, I'm not sure it will "fail." I think the point is to show people who are not making money trading that there are other ways to look at the market. First you need someone looking for help. So you show them a Fib extension and they now are learning new ways to look at price action. Then you get them in a chat room and "tweak" your strategy while they feel more comfortable with other traders. Then you show them tons of other stuff and hope they don't blow up their account. Hopefully you can get a few years of payments from them and they feel like they learned something.

"Fail" would be trying to sell this 377% thing to a fund.

but for what the vendor is doing, it's not really a "fail."

I call it a good hook.
 
Quote from BlueTurtle:

Actually, I'm not sure it will "fail." I think the point is to show people who are not making money trading that there are other ways to look at the market. First you need someone looking for help. So you show them a Fib extension and they now are learning new ways to look at price action. Then you get them in a chat room and "tweak" your strategy while they feel more comfortable with other traders. Then you show them tons of other stuff and hope they don't blow up their account. Hopefully you can get a few years of payments from them and they feel like they learned something.

"Fail" would be trying to sell this 377% thing to a fund.

but for what the vendor is doing, it's not really a "fail."

I call it a good hook.
More...

Right, such systems are a dime a dozen in the vendor business and vendors do make money pushing them. What I meant was they would fail from the trader's perspective, regardless of whether the system comes from a vendor or is your own.
 
You must log in or register to reply here.
Back
Top