I've always thought it would be cool if the holy grail was just...

Quote from kut2k2:

Does that describe the system you're trying to sell for $8.5M? And whether it does or not, how did you decide on $8.5M as an asking price? Where do you market such a pricy item?
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lol, what?
 
Quote from atticus:

Run the MA and scale out at some fraction of the ATR or RV (lookback) of your average holding period. 1/3 at 1SD; 1/3 at the ATR; 1/3 at 2xATR.
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The problem with that is that you need the occasional huge home run for a system like this to even have a chance at being profitable. The home runs are the only defense against the constant in/out chopping that eats up your profits that occurs every so often.

The only other alternative is to find a way to eliminate the losses in choppy environments.

I haven't been able to figure that out.
 
Quote from 1a2b3cppp:

The problem with that is that you need the occasional huge home run for a system like this to even have a chance at being profitable. The home runs are the only defense against the constant in/out chopping that eats up your profits that occurs every so often.
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Whoosh.
 
I just put a 300ma on a 5 minute NQ chart.

This morning price stopped and reversed right on the ma.

Holy shit! The 300ma was support!

I actually used to believe that sort of stuff.

Now I think it's funny when people say that price found support at a moving average.

Price stops and starts all over the chart all day long.

Any period moving average will eventually mark a high or low somewhere.

:cool:
 
Quote from 1a2b3cppp:

The problem with that is that you need the occasional huge home run for a system like this to even have a chance at being profitable.
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I think most trading is probably like that in one way or another.

You either have a lot of scratches/losses and occasional big wins to keep you above water.

Or you have a lot of wins and occasional big losses than bring you back down to earth (but hopefully still above breakeven).

Either way, trading will not be a fun experience like you assume from guru hindsight charts. Unless you can become unemotional enough about it.
 
Quote from Ol' Yella:

I just put a 300ma on a 5 minute NQ chart.

This morning price stopped and reversed right on the ma.

Holy shit! The 300ma was support!

I actually used to believe that sort of stuff.

Now I think it's funny when people say that price found support at a moving average.

Price stops and starts all over the chart all day long.

Any period moving average will eventually mark a high or low somewhere.

:cool:
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Yup.

X-period MA is just nothing. Sometimes price will randomly reverse there. Sometimes it will randomly reverse Y ticks above/below it.

It's just a moving average.
 
Quote from 1a2b3cppp:

lol, what?
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Why ask "what"? The guy said he has a system to sell for $8.5M; I was just asking pertinent questions.

I will note that was the second time I asked how he arrived at his pricetag and it's the second time he avoided answering the question.
 
Most, if not all, indicators are lagging. That is why I just focus on price, it works for me but to each his own. If it works don't break it.
 
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