Looking for help

marketsurfer · Aug 28, 2015

NoDoji said:
Brooks opened my eyes to concepts I never considered. Volman's first book (I heard he has another out) focuses on scalping with the equivalent of a 1-min chart (he uses 70-tick for Forex). Volman's book is great for beginner/intermediate concepts; Brooks is great for intermediate/advanced concepts. There are many excellent technical price action books; the concepts are all similar

What's key is to take the concepts, study them and develop trading strategies from the study results.

Brooks first book was dreadful to read/study but I pushed through it verry slowly and it was my greatest influence. However, if I were to show you my trading plan, very little of it matches the way Brooks describes how to trade in his book. Many of the concepts I use are Brooks, but how I apply them (how I enter and manage my trades) is all my own. I also trade off concepts that I've never seen described anywhere else. I came up with these ideas based on years of observation and intensive study to determine if my eyeball analyses of "more often than not" held up to scrutiny.

The issue is, nodoji, to be blunt, when these "concepts" are tested with proper statistical methods the results are abysmal. But, hey, if you are making money-- who am i to say?? best, surf

PS-- weren't you banned for promoting bigmike and the lavatory? surf

onemoreshot · Aug 28, 2015

...and the thread starts a pullback

Pigsky · Aug 28, 2015

marketsurfer said:
PS-- weren't you banned for promoting bigmike and the lavatory? surf

No that was DB who was always linking to other forums and pulling people into private chatrooms. He didn't last long at BigMike's.... he got banned from there a couple of weeks ago complete with a public shaming from BM himself! LOL!!! Who knows where he's taken his troll-show now....

NoDoji · Aug 28, 2015

onemoreshot said:
Thank you for the reply. Could you explain what a non visual event could be from looking at something visual like a chart?

Sure, an example of price behavior that isn't based on a repeatable chart pattern would be the tendency of price to be defended at the first visit to a certain price, such as a previous day's close, high, or low. The chart pattern leading to that level could be all sorts of visual patterns, but it's the price level itself that I might be trading off of regardless of the chart pattern involved in price getting there.

NoDoji · Aug 28, 2015

marketsurfer said:
The issue is, nodoji, to be blunt, when these "concepts" are tested with proper statistical methods the results are abysmal. But, hey, if you are making money-- who am i to say?? best, surf

PS-- weren't you banned for promoting bigmike and the lavatory? surf

I don't know anything about "the lavatory" (???) and I don't recall ever promoting Big Mike (I only posted there briefly quite some time ago), though I did offer some feedback a long while ago about the BMT web site.

I've never been banned. Have you?

I'd love to see some abysmal statistical analyses based on price action concepts presented in Brooks' and/or Volman's books.

marketsurfer · Aug 28, 2015

Pigsky said:
No that was DB who was always linking to other forums and pulling people into private chatrooms. He didn't last long at BigMike's.... he got banned from there a couple of weeks ago complete with a public shaming from BM himself! LOL!!! Who knows where he's taken his troll-show now....

whoa, thanks for intel. surf

marketsurfer · Aug 28, 2015

NoDoji said:
I don't know anything about "the lavatory" (???) and I don't recall ever promoting Big Mike (I only posted there briefly quite some time ago), though I did offer some feedback a long while ago about the BMT web site.

I've never been banned. Have you?

I'd love to see some abysmal statistical analyses based on price action concepts presented in Brooks' and/or Volman's books.

Yeah, I was thinking of DB--- sorry about the mistake, thanks pigsky for the clarification.

Yes, I have been banned for promoting my site without paying Baron sponsor fees--- but I did the time and learned my lesson!

surf

onemoreshot · Aug 28, 2015

NoDoji said:
Sure, an example of price behavior that isn't based on a repeatable chart pattern would be the tendency of price to be defended at the first visit to a certain price, such as a previous day's close, high, or low. The chart pattern leading to that level could be all sorts of visual patterns, but it's the price level itself that I might be trading off of regardless of the chart pattern involved in price getting there.

Makes sense, thank you.

EPrado · Aug 30, 2015

marketsurfer said:
Yeah, I was thinking of DB--- sorry about the mistake, thanks pigsky for the clarification.

Yes, I have been banned for promoting my site without paying Baron sponsor fees--- but I did the time and learned my lesson!

surf

You were also banned for disrupting other threads with your constant whining about other methods not working. I guess you were banned more than once.

EPrado · Aug 30, 2015

onemoreshot said:
I've been trading live off and on for about three years and I'm in-between jobs currently and looking to trade full time and really make a go of it. I have other sources of income to meet basic living costs so no pressure there.

I feel like I've been trading for years and don't have the first clue on how to find an edge in the markets that I can trade consistently. I'm willing to put in the time and effort and would like to seek a mentor that can help guide me.

I've been taken advantage of twice by crooked internet trading "gurus" so I'm done paying big upfront costs. I am willing however to pay a monthly fee or a % of profit split. If you are profitable and willing to teach me for compensation please pm me. I would like to see some proof that your trading style works and I imagine we would want to have a few conversations prior to any agreement. Thanks in advance for your time.

Unfotunately most of the people out there who are willing to "mentor you" are the crooks you speak of who want up front money to teach you their "methods". Those types are not good traders and have methods with serious flaws. I have never heard of a good mentor who would go to work for free and only profit if you profit. It's a noble thought...but doubt you will find that.

But...what you could find is a successful trader out there at a fund or trading firm that would hire you as an assistant. Work a few years under them, get paid to help them out with Assistant duties and at the same time learn. Then usually get your own book to trade at that firm. I know plenty of younger guys who have gone that route the last few years. Those jobs are still out there, you just have to go out there and work hard looking for them.