LOL, whenver Jack is going on a rant, you know he's defending the indensible ... it's his "tell"Quote from Goinglite:
That's not true
Stochastics
- Thread starter shortorlong
- Start date
Quote from MandelbrotSet:
LOLOL ... it's another Hershey Special ... I can absolutely gaurantee you that he is not taking those trades real-time, if he were he would average between 500k-1mm per month in gross revenues.
Not happening.
I posted your chart.
All I did was note the trades signaled by your chart accoding to your propriatary stochastic.
I guess where we are is that I read signals from your chart. They were all tradeable especially if the %D were showing too. I put the crossovers in as flags. You showed the %K only and I just added the crossover of %D on the %K chart you showed.
It is well know under what conditions %D crosses %K no matter what values are chosen for X, Y and Z. the Point where %D crosses %K in terms of calculus is the zero slope of %K. Zero slope means horizontal or flat in maths.
There were several places where the signal was a "pass" because the %K and %D would have been entwined; I showed that on your chart as yellow. If the angle of approach of the crossover is less than a specifically chosen value (nyone can choose what they want) then the price formations at that time are not real money makers unless a person is using a fine indication of price change for making money.
I DO assume that you are trading many cars since you have the Stochastics down as well as you do.
Let's say you "loan" allenhobbs you Stochastic for 60 days. there is no wy he will not be making 20,000 a day after 60 days. Two things will be coming together: your skill in setting up a stochastic and his skill in following signals for the first time. I show him at about 10 contracts in 60 days. you Stochastic is signalling three times the H-L for sveral reasons. I am not posting the X, Y and Z values for obvious reasons. They are yours you created the Stochastic for the ES.
So congratulations on a having a good Stochastic. It is easy to read and with the %D showing as well it is very productive.
Thank you jack.
It's a nice dream.
Best wishes.
If he started posting in the PnL thread with the results that he says are achievable I'd stay up night and day, (including 20 hours a weekend on top of the regular trading day), for three months, without taking a shower or bath once ... :eek: , until I got the system down pat.
Of course, none of the above are ever going to happen.
The only print discussed on the web was a 31 partial fill on 100,000 share trade that was done in 11 accounts at one brokerage firm. A FedEx was used from broker to broker where the recipient made the call. It was only a 7 digit net.
The world is a funny place with respect to money.
You are a trackstar, obviously. Trackstar's make a lot of money too. You know the per second income form those brief moments that take a lot of practise to perform.
Everyday and through out the world a lot of trackstars are out there making money with sprints or marathons. I feel it is the same in the financial industry. Holding 100,000 shares of stock on a given day is not in the news anymore. Neither are the multitude of sprints or marathons but it is still going on.
Friday was a nice trading day. I'm sure it was a great racing day on many tracks as well.
Traders trade everyday and do quite well. You see here in ET people making 100,000 in a day using 25 contracts. holding a segment of profits on 27FEB07 was one of those great days. A 39 point hold over a short period was not uncommon on that day for any number of traders. 20 contracts times 40 points is several thousand dollars banked. 20X 40 X 50 is 40 with three zeros attached.
Being a track star is great. be a track star in trading. A lot of people are.
I am just an amateur not a star.
Trust yourself; you created that Stochastic. Use it and make a little repair here and there.
Go for it.
I have no comment other than you put a smirk on my face. I do enjoy running but the name is motorcycle oriented. Although I don't pursue it anymore as a profession I still will slap a good time on a track.
I hope you enjoy your success if you have it. I have no magic system that I trade. Just candles, some #s, and a way I calculate my daily bias. I do enjoy my success though albeit not near 20 mil a day.
I hope you enjoy your success if you have it. I have no magic system that I trade. Just candles, some #s, and a way I calculate my daily bias. I do enjoy my success though albeit not near 20 mil a day.