Prove to me that Technical Analysis Works.

[easymon1]

Hello easymon1,
You got that right buddy. Gotta try and make as much money as you can while you can.

Bein's that you use targets for the way you trade, maybe file this in the back of your mind and see if it jump up a few times a week minimum intraday quicks.
I know I know, you only mess with live charts, that chart shows a 8 and a 21ema, not what I use but so what, I have some different ma sets some simple some ema, some mixed, it dont matter, grab whatever's handy for your market and timeframe then look at a dozen that went by last week or two. or not... no problemo. -
from the website..."The ema’s themselves mark a dynamic (moving) support and resistance zone or layer; the ema layer is the area between the two ema’s, such as the ‘8 and 21 day ema layer’, and we can watch for price action signals from this layer as price retraces back to it, to trade in-line with the trend."
I hear ya SML, "i watch the bars". Well, that's why the pics of the pretty girl is on there. I do not want to waste your time. As always... Tear it up but don't abuse it.
link...
https://www.elitetrader.com/et/thre...t-right-here-baby.343012/page-18#post-5657069

 

[Illini Trader]

Hello Illini Trader,

Great questions. Please let me know if you have further questions

Started at 8:30am at $1000, after about 30 trades I guess, up at $879. I use real time SIM account and paid market data.

Thank you

View attachment 292146

You need to trade sim like you will trade live. For example you are not going to go live and have 3 positions open at the same time. Also you should not start live with a full mini contract so sim trade the micros. Just my take.

 

[SimpleMeLike]

Do you have your invalidation located in time?

If you recognize that you are guessing and gambling with no method or measure by which to track results independent of a sim pnl, what makes you feel that you can beat the odds of the house?

Hello Sprout,

I personally believe that tracking stats and journaling as a discretionary/manual trader is a big waste of time and useless.

If I triple my SIM account balance, I go live. Nice and Simple.

I hate making things complicated.

I can either make money and triple my account or not. Period.

I am guessing and gambling trader trading my experience of what I know and I see. I am just taking an education guess everyday and hope I win. Pretty simple.

 

[Sprout]

Hello Sprout,

I personally believe that tracking stats and journaling as a discretionary/manual trader is a big waste of time and useless.

If I triple my SIM account balance, I go live. Nice and Simple.

I hate making things complicated.

I can either make money and triple my account or not. Period.

I am guessing and gambling trader trading my experience of what I know and I see. I am just taking an education guess everyday and hope I win. Pretty simple.

Sounds like you are approaching this endeavor as a hobby and focused more on an emotional reward.

Good luck with your simple strategy.

May you receive what you anticipate for the effort invested.

An investor I respect just trades once a year and DCA’s during. Learned a lot about patience from them as well as max return for min effort expended. It’s not for me but respect towards anyone that can extract a living from the markets by the quality of their decisions.

 

[SimpleMeLike]

Sounds like you are approaching this endeavor as a hobby and focused more on an emotional reward.

Good luck with your simple strategy.

May you receive what you anticipate for the effort invested.

An investor I respect just trades once a year and DCA’s during. Learned a lot about patience from them as well as max return for min effort expended. It’s not for me but respect towards anyone that can extract a living from the markets by the quality of their decisions.

Hello Sprout,

Thank you buddy.

Yes, I am in love with simplicity. Simplicity gets a bad name these days. I am just trying to get rich quickly.

My trading is a business and I take it seriously. Chasing deer, boar hogs, and women is my hobby!

I also DCA faithful and alot. I be a damn fool not too.

Peace and chicken grease.

 

[MacBookProHo]

I am just trying to get rich quickly.

Chasing deer, boar hogs, and women is my hobby!

Peace and chicken grease.

If you want to get rich quickly...you should really look into the world of options, options trading. Options daily/intraday.
Forget futures, forget stock, forget currencies, forget crypto.

Options along with precise timing and understanding and trade management...will get you to that point of getting rich quickly.
I'm guiding the horse to water, but I can't make him drink it. It's up to him to do that.

It's good you mentioned natural things as your hobby....and not Rolex watches, fancy watches, shoes, clothes, exotic sports cars, jewelry, mansions -- uggggh. Don't be one of those materialistic, shallow, superficial, fake, insecure, hyped up mofos.

 

[easymon1]

If I triple my SIM account balance, I go live. Nice and Simple.

Near your town ladies are going from left to right in a mad race to reach their targets by the time you hit yours.

 

[guest_trader_1]

Still trying to prove that TA works boys?

Hard work, I trust someone will get it eventually

 

[Illini Trader]

If you want to get rich quickly...you should really look into the world of options, options trading. Options daily/intraday.
Forget futures, forget stock, forget currencies, forget crypto.

Options along with precise timing and understanding and trade management...will get you to that point of getting rich quickly.
I'm guiding the horse to water, but I can't make him drink it. It's up to him to do that.

It's good you mentioned natural things as your hobby....and not Rolex watches, fancy watches, shoes, clothes, exotic sports cars, jewelry, mansions -- uggggh. Don't be one of those materialistic, shallow, superficial, fake, insecure, hyped up mofos.

Still trying to figure you out MacBook, About the time I feel like mentally writing you off, (I never block anyone) you say something that makes a lot of sense. Good Post!

 

[Illini Trader]

Still trying to prove that TA works boys?

Fundamentals are for investors, TA is for Traders. It is the only way to navigate swing trading and intraday trading. Just Curious -- What would it take for you to come into agreement that TA works?