Quote from nirav34:
Please elaborate. Why do you think it's flawed? Back it up. Can't just say you guys won't understand it. Need to have reason behind rejecting the theory. Cheers.
Of course I can make this statement and your reply has just confirmed it.
Trading ES for substantial rewards is as much about clear rational thinking as it is about common sense and this requires some very hard work and original thought on behalf of the new trader until the simplicity of the puzzle becomes clear.
ET is a different story all together.
In the main it is where noobies come for guidance, direction and like minded companionship.
Not all contributors fit this mould, there are a few clear thinkers here, but they are mainly unrecognisable to the bulk of the herd.
Try to understand that in no way am I critical of the OP and in no way am I trying to steer you guys in any direction.
After all, we are just Usernames to each other. We do not know each other and it is most unlikely that we ever will.
Also, it is worth bearing in mind that experience can always look back, but naivety cannot look forward.
Hence the grave imbalance here at ET which in turn lead to frequent exchanges of stupidity.
All this occurs because the site owner is on a different agenda.
One which has nothing in common with "elite trader"
Quite the opposite in fact.
Never the less there is more than enough information on this site for anyone of us to assemble a profitable trading plan that suits our requirements
To the followers of this thread, your choices are very clear.
1) ignore my posts and bravely march on into the fog hoping that it will clear.
2) reply with an abusive post or PM
3) possibly open your minds (even just a little bit) to the thought that whilst you are complicating the living hell out of selecting your entries, the real guts of consistently profitable trading is passing you by.
It might have crossed your mind by now that the bits that AMT is not telling you, only constitute 98% of a profitable trade.
sosueme