Newbies listen ! My Story w/ lessons

Quote from Daal:

...meanwhile they refuse to give us specific rules that can be easily tested. Yet they will lecture us on how anyone can do it if they just follow their intructions. Its like they are afraid of something
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Nobody in this thread have lecture you nor anyone else about how easy trading is.

In fact, you seem to have a bad habit of ignoring what others say. Simply, re-read the topic of this thread more carefully. It's about how difficult trading is for newbies. However, you're more than welcome to start a new thread via complaining about not getting rules to easily backtest.

Here's what guys like you seem to fail at understanding...profitable traders have access to more than just trade signals. They have market experience, discipline, good capitalization, good trading platform et cetera. Yeah, on any given trading day one of those things will have more impact than the others.

Therefore, a good researcher needs to test ALL the components to have a better understanding of why the individual components change their abilities when compared alone. That's what guys like you are too lazy to do because you want simple red light/green light rules to test and argue about. Not testing what truly makes someone profitable is not only bias research but unethical when trying to present the results as facts.

Thus, wake up...if trading was that simple via a few simple red light / green light rules we'll all be millinonaires and not complaining about the difficulties of trading the S&P 500 Emini ES futures in 2009.

Quote from wiesman02:

Seems to me like you already have your mind made up, so why are you worried about the success of discretionary traders and the ability to backtest their setups ?

I am assuming you are not a discretionary trader. Are you a fulltime, profitable trader ?
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I agree...I don't think he's a discretionary trader via the fact that he has traverse his attacks from a prior thread about canned indicators and canned patterns into now as an attack on discretionary trading.

Regardless if he's profitable or not...I wonder what trading approach he uses but I won't hold my breadth that he'll answer these questions.

Mark
 
Quote from Daal:

Dude, its 27 pages long and thats on 30 post per page display. I have a life, its a simple pattern, just post the code or TS results in the last 10 years. It cant be that hard
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That's not my problem because the thread wasn't about candlestick codes. It was about not using candlesticks as a primary method alone because it's not reliable as such. In addition, the thread invited others to share their problems about trading via candlestick patterns called Hammers. However, I also presented (didn't need to) my own objective rules in that thread to improve the performance of trading hammer patterns in comparison to the unreliable stuff being promoted in the typical candlestick book. Once again, go read the thread to get the specific rules asbout hammer patterns and then you can spend your own time & energy that's needed to convert those objective rules into whatever coding system you're using.

You started this crap...not me. Thus, why should I tell you which page in that thread has the info you seek?

By the way, a few of those that participated in that thread are coders or programmers...none of them had any problems with the info. Thus, what's wrong with you. :confused:

Mark
 
Yet another guru who refuses to codify his magic. You say you shared your objective methods on how to trade hammers, that means that you either lectured a bunch people yet provided no evidence on why is that so(And just said 'it works for me') or that you provided TS results of your method(which begs the question, where the hell are they)

Funny, you seem to be making the same kind of requirements in order to show your magical hammer trading as you make to people access your chatroom(where you claim you have been making huge profits for a long-time) Like ridiculous demands that make people spend days and days, and if they are not willing to jump through your hoops, you just say 'your lazy, you will never make it anyway'. A simple code of TS of your hammer method ain't going to kill no one, but feel free to dodge the request with another excuse

As far as my own trading goes, check my journal
 
Quote from mastertrader12:

The best route is to always have a mentor.
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Completely disagree. As someone above said, it the two he tried to teach quit in frustration

This is a rotten path for newbies. 99+% are charlatans, the 1% are almost impossible to find, and a newbie will never know the difference. True edges are rarely transferred at a price a newbie can afford, And the newbie is unlikely to properly apply what he learned anyway. And price means almost nothing.

+1 on screen time. Shortcuts are the long, unprofitable way to trading.
 
Quote from Daal:


I'm seeing a number of studies showing many TA patterns does not work yet you post here and people get all defensive and claim 'you are not trading it right', this is a recipe for getting fooled by randomness through selective reporting of people 'suceeding' using the pattern or selective reporting of 'ways' the pattern work
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+10 !!! Studies pretty much shred classic Ta indicators and patterns (and fibs, and candlesticks and a lot of other stuff) - especially after considering trading costs. So what do the believers do? They attack the studies. They offer "I know someone who..."

So the question is, where is the longterm, AUDITED proof of TA systems??? I have seen enough failed TA systems on the handful of auditing websites that exist...
 
Quote from Daal:

Yet another guru who refuses to codify his magic. You say you shared your objective methods on how to trade hammers, that means that you either lectured a bunch people yet provided no evidence on why is that so(And just said 'it works for me') or that you provided TS results of your method(which begs the question, where the hell are they)

Funny, you seem to be making the same kind of requirements in order to show your magical hammer trading as you make to people access your chatroom(where you claim you have been making huge profits for a long-time) Like ridiculous demands that make people spend days and days, and if they are not willing to jump through your hoops, you just say 'your lazy, you will never make it anyway'. A simple code of TS of your hammer method ain't going to kill no one, but feel free to dodge the request with another excuse

As far as my own trading goes, check my journal
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I think your still in the lost & found. Read the thread @ http://www.elitetrader.com/vb/showthread.php?s=&threadid=52880

Next, continue reading until you come across the "objective rules" for those that want to code it. Others read it, found the info and tested it but you seem to don't have time to do it but have plenty of time in debating with me. :confused:

By the way, chat room is free (has been and always will be) and those hoops you complain about are tough for guys like you...to get in you got to post your broker statements and an image of what your trading platform looks like...takes about 5mins to post the info accordingly to most that use the room.

That helps to keep out jerks like you. :cool:

Mark
 
Gentlemen Please.... There have been references to using price patterns, EMAS Volume and then having the candle-s confirm the trade. Where can one get this info to study? Thank You
 
Thank You Ranger64 my e-mail is asolovjovs@a0l.com I mostly trade stocks short term but not day trade per se some futures have studied Ord volume Todd Krueger Wyckoff volme and use 8 day EMA read the basic Candle books and follow Stephen Bigalow Thank You
 
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