It can be done in a different way...eight ball model described here.
https://en.m.wikipedia.org/wiki/Pyramid_scheme
Red flag = "Consistent" returns.
How to measure probability of side ways move
- Thread starter bln
- Start date
It can be done in a different way...eight ball model described here.
https://en.m.wikipedia.org/wiki/Pyramid_scheme
Red flag = "Consistent" returns.
Or did he?.......................
I do agree that trading daily ES can make like 100-1000 times annual profit.
I have this strategy.
Trading intraday ES can make 100 times profit monthly. I mean this is within human capacity and I am experimenting it.
The key point is to know where a trend starts and where it ends.
As for OP' question, he is asking for a holy grail for free.
I do have methed to deal with this situation but there is negative value to me to expose it.
The tough part is to find when a trend develops into a box.
Once you determine it is a box, then it is easy to trade. Wait the box to break.The direction where the box is broken is the direction of next trend.
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I like your comment son boxes.
All my trades are trend-following. My preference is to re-enter a resuming trend following a pull-back but sometimes I need to wait and wait for the trend to resume out of a box. To help confirm boxes I step up to a higher time-frame and count how many candles are overlapping with the most recent or current high time-frame bar. For example, though I trade off D1 forex charts I also look at the W1 chart: if the recent weekly bar overlaps with at least 3 preceding weekly bars I flag this as a box-like structure. Once its flagged I want to wait for a break-out before setting an entry order. Even then the order will be more distant than the usual setting, to allow for some head-room beyond the recent range high/low.
Experienced traders who can trade break-out failures should obviously keep doing what they're doing.
But for anyone still searching for their best style, its worth considering -
How many trade opportunities does a trend reversal present?
One really. A trend can only reverse once. Its a unique opportunity.
But how many trade opportunities does a trend present?
That's the key with trading. Every f'n so-called expert guru trader talking about their system sounds magical....right until, it doesn't work.
A trader cannot simply count on tracing lines/technical analysis, while looking at past charts to completely replicate itself.
Don't you think if that worked....there would be millionaires all over the streets dancing with champagne and laughing with everyone and taking selfies with everyone...having a great, grand, time all day everyday? Instead, you see these weird, angry, depressed, mopey, dopey clowns and civilians everywhere.
There's only one way to win in trading: Have vision, foresight, of how the future will look like for the chart line movement.....and place your buy and sell trades accordingly to that guesstimation chart map.
This is the hard part, of course, though. Where many people are, just, completely gambling with no soundness to nothing.
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CANT really predict\ but for better profits\ aim @ being on the right side of 200 dma \down for now.
I never did like Darvas box or any kind of box in my trading; even though Don Channel looks a bit like a sideways trend box\LOL
Just looking at the candles/bars close-to-close I found out to work and is a simple solution. Multiple strong directional bars, like 3-5 followed by a weak "indecision" candle, with a narrow range to tell that directional momentum have slowed/vaned.
SML, your ride is here...
2022 - _ $15,000
2023 - _ $1,500,000
2024 - _ $150,000,000
https://www.elitetrader.com/et/thre...al-analysis-works.367351/page-34#post-5648335