Serious Traders Group

SkyChef · Jul 13, 2016

J_Smith said:
Well, only H3 can answer that.

To me, the extremes are identified by the curve as mentioned, but NOT, on price!

J_S

He also mentioned the commodity trader, so I think my probability of being correct is very high. And my favorite quote "Shit. I thought I know". :-)

lawrence-lugar · Jul 13, 2016

Handle123 said:
"Lets all make money together."
That's cute to read,

...that sentence sounds so naively Hippie -- and Wall St...is definitely no place for hippies__

Handle123 · Jul 13, 2016

Guess that's why I never accepted any jobs at Wall Street, don't wear a tie unless someone died. Am more of a T-shirt and shorts wearing old fart.

I often think very few at Wall Street have much at all. Great deal of stress.

Laissez Faire · Jul 13, 2016

J_Smith said:
1. Very very few know how to read charts correctly.

Even fewer know how to read price without charts.

2. Squiggly lines have no value what so ever - it is all in the head.

Common ET myth.

3. Volume is very very important.

Very, very overrated.

9.ES is where big money is made, and lost - never daytrade it unless you are setup to reverse trade at the click of a button, depending on...

Never day trade unless you have a proven methodology and know what you're doing.

Personally, I think ET is for entertainment and mostly a waste of time. Also, I don't think it's likely to find any value in private groups. Those who have made worthwhile discoveries and progress from hard work on their own ain't going to share it, while those who's read a lot of books and THINK they know something just can't keep their mouth shut 'teaching' although they know nothing.

J_Smith · Jul 13, 2016

Laissez Faire said:
Even fewer know how to read price without charts.

Depends on what timeframe you are trading if you need to know - but I agree.

Laissez Faire said:
Common ET myth.

Nothing to do with ET - of course the squiggly lines can be used, same as anything can be used, but they are not the "best" way to determine the optimal entry and exit levels - there is a far better method used by seasoned traders, which is not readily available in the usual text book rubbish, but is available from a very small group who do not advertise their courses widely, as they have no need to.

Laissez Faire said:
Very, very overrated.

Most traders will not agree with this, for obvious reasons.

Laissez Faire said:
Never day trade unless you have a proven methodology and know what you're doing.

Never daytrade until you have proven to yourself that you can make money each and every day you trade - for there is absolutely no reason in the world why you can not - forget the text book rubbish in relation to R:R, and all the other crap like Van Tharp spits out!

Know what you need to do, and DO IT!

Laissez Faire said:
Personally, I think ET is for entertainment and mostly a waste of time. Also, I don't think it's likely to find any value in private groups. Those who have made worthwhile discoveries and progress from hard work on their own ain't going to share it, while those who's read a lot of books and THINK they know something just can't keep their mouth shut 'teaching' although they know nothing.

You got that one right about ET

J_S

J_Smith · Jul 13, 2016

Btw, I was speaking with a programmer this evening in relation to developing a customized daytrading order entry programme for TWS - if we agree and go ahead, I will not be setting up this group, as I will have to put all my time and effort into getting the programme operational.

If we do not go ahead, then I will start the group if anyone is interested.

I will know in the next day or so.

J_S

thescalpmaster · Jul 13, 2016

Count me in. But your profile is locked.

conduit · Jul 13, 2016

Serious trader group? I thought you primarily devote your time to gardening?

J_Smith said:
I set up a few private threads on this site in the past, but most who joined do not trade regularly.

If anyone is interested in joining a new group for serious traders, then please PM me with your interest.

If you do not trade regularly, then it is not for you. No FX traders please - any other market is welcome - stocks, commodities, options, futures, bonds - or, the usual suspects!

There will be no pressure or any bullshit - just a place for a group of serious traders to have some serious discussion, away from all the usual rubbish!

Thx.

J_S

conduit · Jul 13, 2016

Talking shites all the time? But isn't that what you are exactly doing in most threads? Seriously mate, look up your past posts. Each thread has the "I can't discuss this right now as I am gardening at the moment". You are one of the least serious people in this endeavor.

And why no fx traders? Because there are more losers than those trading other asset classes? But I thought you anyway want to invite only serious traders so why trying to make a difference? Or do serious fx traders know too much about macro that you find hard to follow?

Seriously I am confused. Not looking to disrespect you but your talking about gardening virtually all the time and now interest in serious traders somehow sounds contradicting.

J_Smith said:
Any serious traders as mentioned, the method is irrelevant, once the person is serious, and fed up talking shite most of time, on sites like this.

I don't know about others, but I am really getting fed up of talking rubbish, and want to try and get some serious discussion going, with some serious traders - which can never happen on a public forum like this.

It is not about divulging "secrets", or trying to prove anything to anyone - just a simple honest discussion between serious traders, as it is very boring talking to yourself most of the time

J_S

Laissez Faire · Jul 14, 2016

J_Smith said:
Nothing to do with ET - of course the squiggly lines can be used, same as anything can be used, but they are not the "best" way to determine the optimal entry and exit levels - there is a far better method used by seasoned traders, which is not readily available in the usual text book rubbish, but is available from a very small group who do not advertise their courses widely, as they have no need to.

You said it had no value whatsoever. Fairly ignorant statement.

Most traders will not agree with this, for obvious reasons.

I didn't say it was worthless; I said it was very, very overrated.

Sure, if you use volume in some kind of supplemental role, fine, but since it's very, very important, how do you utilize it in your trading then?