The best traders in ET

[marketsurfer]

Quote from tobbe:

Nobody is accusing Surf of theatre. It's what he himself said that this is all this is about (and that is part of why he can't be taken seriously whatever he writes at this site):

You need to read in context. Theater was the hype around the market top call- nothing else. This is clear to everyone but you, I see. Now you know.

 

[marketsurfer]

Quote from NoDoji:

TA in no way leads to trading success.

The appearance of price action setups is random and distribution of wins and losses among a series of every N trades for any well-researched trading plan is also random. The overall profit expectancy for any well-researched trading plan is not random assuming the vast majority of in-plan setups are traded according to plan.

The specifics of how the big traders who move price significantly choose to trade isn't important to me because I've built a trading plan around a framework of price action setups (which are not not picture-perfect candlestick patterns or indicator patterns, by the way) that repeat every day and have been repeating every day for me for at least a few years now. Whatever those big traders are doing, they sure do leave footprints on the charts.

In a nutshell, my trading tactics involve "significant support and resistance levels, not in terms of absolute price but in terms of previous significant highs and lows, repeated rejections to break higher or lower". You nailed it.

The high rate of failure for traders in general is summed up nicely by Thom Hartle in his Foreword to Mark Douglas' Trading in the Zone:

"The 95% failure rate makes sense when you consider how most of us experience life, using skills learned as we grow. When it comes to trading, however, it turns out that the skills we learn to earn high marks in school, advance our careers, and create relationships with other people, the skills we are taught that should carry us through life, turn out to be inappropriate for trading. Traders, we find out, must learn to think in terms of probabilities and to surrender all of the skills we have acquired to achieve virtually every other aspect of our lives."

Sisterdoji, You realize you are directly contradicting yourself when you say " not picture perfect" then have said " my method can be automated". Have you finally realized there is much discretion in what you claim and it's subjective? surf

 

[bighog]

Men have been using a form of TA/PA for centuries to make decisions about women.

Charts display price action to attract buyers and sellers. Women display curves, bumps, actionable displays just as a wiggle in the walk, jiggles and bounces at strategic spots, etc, etc, etc.

Price action can be displayed by different types of charts, line, ohlo, candycanes, etc. Women display by hair color, movements, perfumes, loose or tight clothes, clothes can reveal more to come or hide the prize.

The list goes on, but much the same.............WE MAKE JUDGEMENTS in life from prior information regardless if the info is subjective or objective.

What we do with all inputs is what determines who wins and who loses.

:eek:

 

[justrading]

Quote from sheda:

It would seem surf and a few others actually want to shut this place down. An endless attack on the most accessible method of entering the market which even if he is forced to agree does work for an individual he concludes they are doing it "the hard way" and should give up anyway.

Their message:

You cant learn, even from 18 hours a day and years of study.

Do not try to learn.

Go to a prop shop only or find a professional.

Nothing and no one on this board will work.

With their total refusal to contribute a viable alternative, I mean the guy describes his trades to the board in TA terms, as to not give up the "secrets" of his method, and his approval of trolls who he states "add great material" such as telling people to fuck off back to their mothers basement and telling people to get a life when asked to simply engage in discussion and tell them how they are wrong, it can only be concluded that surf is saying leave this forum, and if you don't there will be little of worth here by the time we are finished.

Don't let it get to you. Yes, there are people around who think there is only one way to do things, and that is the way they do it.

All that means is they have closed minds, and a closed mind is such a waste, so when I see that I feel grateful I am not thus afflicted.

Imagine going through life unable to see that there are other ways that something can be done, unable to appreciate the beauty in diversity that this world has to offer.

 

[justrading]

Quote from bighog:

Men have been using a form of TA/PA for centuries to make decisions about women.

Charts display price action to attract buyers and sellers. Women display curves, bumps, actionable displays just as a wiggle in the walk, jiggles and bounces at strategic spots, etc, etc, etc.

Price action can be displayed by different types of charts, line, ohlo, candycanes, etc. Women display by hair color, movements, perfumes, loose or tight clothes, clothes can reveal more to come or hide the prize.

The list goes on, but much the same.............WE MAKE JUDGEMENTS in life from prior information regardless if the info is subjective or objective.

What we do with all inputs is what determines who wins and who loses.

:eek:

So reading a chart is like reading a woman?

Damn, that explains why I can't day trade.

 

[CalVolibrator]

ok, buddy, name me ONE SINGLE thread at ET where someone consistently made money purely based on technical analysis. Consistently means over a time frame longer than 6 months, with at least 100 trades, live trade entry and exit. None exists! Do not name it, provide the link to it.

Quote from justrading:

Don't let it get to you. Yes, there are people around who think there is only one way to do things, and that is the way they do it.

All that means is they have closed minds, and a closed mind is such a waste, so when I see that I feel grateful I am not thus afflicted.

Imagine going through life unable to see that there are other ways that something can be done, unable to appreciate the beauty in diversity that this world has to offer.

 

[justrading]

Quote from CalVolibrator:

ok, buddy, name me ONE SINGLE thread at ET where someone consistently made money purely based on technical analysis. Consistently means over a time frame longer than 6 months, with at least 100 trades, live trade entry and exit. None exists! Do not name it, provide the link to it.

Why do you assume that anyone who makes money would automatically want to post calls or details of their P&L?

I know a number of people who trade for a living, have done so for years, and who wouldn't dream of doing so.

As for this constant asking for P&L, it is the internet age equivalent of going to a cocktail reception and asking people you meet "How much do you make a year?".

In case you don't know, that is in extremely poor taste.

 

[NoDoji]

Quote from marketsurfer:

Sisterdoji, You realize you are directly contradicting yourself when you say " not picture perfect" then have said " my method can be automated". Have you finally realized there is much discretion in what you claim and it's subjective? surf

No contradiction. The core system was automated long ago and consistently profitable. Everything in my trading plan is objective. Although I sometimes take discretionary trades their track record is negative. I consider them mistakes.

 

[CalVolibrator]

as I expected, money talks bullshit walks. I did not ask for pnl or blotters, I asked real-time entries and exits. If your TA gurus already put up tons of crap over dozens of pages they could as well post entries and exits like others have done. I just find it curious that there are many threads of posters who called entries and exits net-profitably in real-time on non-TA based methodologies, yet I find not a single one where someone could say the same about him/herself on the basis of fibs, moving averages, RSI, and what other crap there is.

So, stop kidding yourself and others. Yes, we know it does exit, just because something does not work for you does not mean it won't work for anyone else, right?

To 98% this site is losers' anonymous that much is at least sure.

Quote from justrading:

Why do you assume that anyone who makes money would automatically want to post calls or details of their P&L?

I know a number of people who trade for a living, have done so for years, and who wouldn't dream of doing so.

As for this constant asking for P&L, it is the internet age equivalent of going to a cocktail reception and asking people you meet "How much do you make a year?".

In case you don't know, that is in extremely poor taste.

 

[marketsurfer]

Quote from NoDoji:

No contradiction. The core system was automated long ago and consistently profitable. Everything in my trading plan is objective. Although I sometimes take discretionary trades their track record is negative. I consider them mistakes.

It is impossible to code non picture perfect anything. Anything coded must have specific definitions. Doji, you have me concerned. surf