MACD 0 line cross daily charts
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"Ok he doesn't understand probability.. all us ex gamblers know each toss of the coin is a discrete unique event in time and regardless of streaks it is always a 50% chance.. and unless you are rainman and counting cards 4 decks deep it holds true for BJ too.. however
He may be right for different reasons in that the first couple of zero line cross attempts are build ups to the larger time cycles kicking in or the market probing levels
I personally take them all because the losers are small and the winners tall"
And the above is of your writing.
1. You seem to think that coin tossing has same probability as a stack of cards (even if multiple stack).
2. You agree in your 2nd paragraph with me.
3. In your 3rd paragraph you state that you take them all, which stands for 0 credibility as a trader, means you can not tell which is which. I would love to see somebody actually try and backtest your method of taking every signle 0 line cross. I believe they tried and failed, then you lost it with them.
He may be right for different reasons in that the first couple of zero line cross attempts are build ups to the larger time cycles kicking in or the market probing levels
I personally take them all because the losers are small and the winners tall"
And the above is of your writing.
1. You seem to think that coin tossing has same probability as a stack of cards (even if multiple stack).
2. You agree in your 2nd paragraph with me.
3. In your 3rd paragraph you state that you take them all, which stands for 0 credibility as a trader, means you can not tell which is which. I would love to see somebody actually try and backtest your method of taking every signle 0 line cross. I believe they tried and failed, then you lost it with them.
You can't "request that someone be banned" when they are doing a better job of explaining the processes you are using to define your trades than you are, and you get angry because of it.
You don't even have the common knowledge base to understand that you are describing double and triple divergences, and you're acting like this is something that you've miraculously "discovered" ... and your comments about blackjack and probability are so ass-backwards that they take gambling and probability theory back by about a 100 years.
Green isn't the word to use when describing you.
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Maybe it's not too late to have your thread title redone to Look at what I "Discovered", Basic Single Indicator Double and Triple Divergences
brilliant JPunk, just brilliant.
JJ
Jim, you are losing it again, funny how you got slammed in the ES Journal recently.
To answer your question about discovery of divergencies, if there was one in that yet another outburst, I will say this.
1. I have not said I discovered them any more than you making comments about VIX, TRIN, whatever else you use.
2. In yesterday's chart there was a divergence, sometimes there is no divergence present, but there are multiple failure breaks of the centerline resulting in lower peaks in MACD and its histogram. Not necessarily there is a divergence present, if you don't know this then you certainly need to put in some more screen time.
3. What 28T has been doing is against ET terms of use and if done continuously that will result in ET moderators closing your membership, that is a high probability scenario. If you do not believe that to be true, then please call me some rude names, spam the thread with unrelated profanities, etc.
4. I have a right, just like you and anybody else on this forum, to my own personal opinion, you might not like it and/or have an opposite opinion - that Sir is your problem, not mine. Deal with it.
To answer your question about discovery of divergencies, if there was one in that yet another outburst, I will say this.
1. I have not said I discovered them any more than you making comments about VIX, TRIN, whatever else you use.
2. In yesterday's chart there was a divergence, sometimes there is no divergence present, but there are multiple failure breaks of the centerline resulting in lower peaks in MACD and its histogram. Not necessarily there is a divergence present, if you don't know this then you certainly need to put in some more screen time.
3. What 28T has been doing is against ET terms of use and if done continuously that will result in ET moderators closing your membership, that is a high probability scenario. If you do not believe that to be true, then please call me some rude names, spam the thread with unrelated profanities, etc.
4. I have a right, just like you and anybody else on this forum, to my own personal opinion, you might not like it and/or have an opposite opinion - that Sir is your problem, not mine. Deal with it.
You can't "request that someone be banned" when they are doing a better job of explaining the processes you are using to define your trades than you are, and you get angry because of it.
You don't even have the common knowledge base to understand that you are describing double and triple divergences, and you're acting like this is something that you've miraculously "discovered" ... and your comments about blackjack and probability are so ass-backwards that they take gambling and probability theory back by about a 100 years.
Green isn't the word to use when describing you.
=
Trader28 hasn't explained jackshit about any trade process in this thread. Just the usual immature crap ET tolerates from him/her.
Both hers and your understanding of gambling probabilies leave a lot to be desired. Why do you think casinos have bet size limits and endless decks of cards? Because the probability of a losing streak ending grows with each consecutive loss. That is the law of averages, mean reversion at work. Same with multiple failures on a chart that show different groups of traders capitulating in sequentional manner.
JJ and Trader28 are two of the biggest trolls in this site. Earn your credentials as gurus to criticize others by first posting real-time results in the P&L2007 thread, or just do us all a favor and stfu. Prove your tiresome drivel is worthy of respect, post your real trades and you have our respect. Otherwise you two are nothing more than pollutants in this site.
You don't even have the common knowledge base to understand that you are describing double and triple divergences, and you're acting like this is something that you've miraculously "discovered" ... and your comments about blackjack and probability are so ass-backwards that they take gambling and probability theory back by about a 100 years.
Green isn't the word to use when describing you.
=
Trader28 hasn't explained jackshit about any trade process in this thread. Just the usual immature crap ET tolerates from him/her.
Both hers and your understanding of gambling probabilies leave a lot to be desired. Why do you think casinos have bet size limits and endless decks of cards? Because the probability of a losing streak ending grows with each consecutive loss. That is the law of averages, mean reversion at work. Same with multiple failures on a chart that show different groups of traders capitulating in sequentional manner.
JJ and Trader28 are two of the biggest trolls in this site. Earn your credentials as gurus to criticize others by first posting real-time results in the P&L2007 thread, or just do us all a favor and stfu. Prove your tiresome drivel is worthy of respect, post your real trades and you have our respect. Otherwise you two are nothing more than pollutants in this site.
Slammed by whom, Steve46/Allmighty1? The old guy has problems, so has to keep coming at me ... notice he isn't willing to make calls though, that speaks to the credibility of his "system" and how much faith he has in putting his reputation (and knowledge) on the line.
As far as anyone else is concerned, well, I'm nailing my trades, and then explaining the processes I used to enter them (take note). I haven't seen even one of the naysaying clowns step up to the plate against me ... BTW, you're welcome to, anytime.
No stupid VXO, not VIX, VXO, I've said it ten times now ... and seeing as how no one on the thread (especially Steve46 ... well, you too, actually) has a clue of how I am using these indicators, you don't know whether I have "discovered" something, or not.
So what, now you've created the concept of LL's to help define uptrends and LH's to help define downtrends as well? ... and you need an indicator to tell you this.
WOW!They haven't closed your membership down yet, have they?
Now, as far as 28T doing something against ET terms of use, I'm going to have to look them up and see if I can find anything on plagiarism ... nope, nothing there. So I guess he's well within his rights to continually point out that you've co-opted his system and are trying to present it as if it were something "new under the sun", ROTFLMAO.
I thought I was "dealing with it" ... that's what we are doing here, having dialogues on the board where you discuss these great "new" things that you've discovered, LMAO.
JJ
Jim, just post your yearly PnL, then I'll reply, otherwise I am wasting time on you. There is no plagiarism in using a centreline cross because it is a common concept, go to stockcharts.com for clarification. So if I was to choose 3 min chart it would not be plagiarism? I struggle to see fault on my behalf. Please point it out for all to see.
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