The best traders in ET

[bwolinsky]

Quote from zdreg:

there is always an excuse from a professional liar not to provide proof.

It's too much of a double negative to keep responding to him, since I don't care about posting fake trades to ET, he's digging a hole that I can't yell loud enough down, and the abyss holds a great many slaughter of ruthless demons when the chamber is opened.

 

[zdreg]

Quote from marketsurfer:

1. Thank you for admitting

2. If you knew the history of Ztroll asking for evidence then when provided demanding more and more, you would not consider this a case of projection.


surf

it is irrelevant since you never produced the request for 1 year of records.

what are you hiding and why are you currying favor with sykes. is your pay limited to a couple of rides in a Lamborghini?

i guess it is time for you to play the manjo.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3856678#post3856678

 

[NoDoji]

Quote from bighog:

And if you will, Do not forget that chartists anticipate upcoming momentum when we pick out our points where price alone will cause the players to react. This is hard for non-believers to comprehend because they have not yet learned how to READ charts.

Yes, you taught me how to read price action that way long before you even mentioned Brooks' book to me. I was a terrible student, though, and decided the blueprint for building a wheel that you kept handing me was way too simplistic. Surely the Holy Grail had to be something far more clever than the stuff found in trading books or on technical analysis web sites!

After I spent months and months inventing the wheel, you sent me a hand-annotated chart one day (which I still have right here next to me) and I looked at that simple, basic, textbook illustration of pure price action (black OHLC bars, no volume, no indicators, not even a blessed 20EMA) and thought, "Damn, what a stubborn fool I was!"

Quote from marketsurfer:

You do present a compelling case --- TA is a bet on momentum continuing in either direction---but my belief is that there is no way to determine even at 51% accuracy that it will or will not continue. Therefore, a reasonable random entry should create the similar odds of a continuation of price in the chosen direction. surf

Surf, there is no way I know of to determine with any accuracy that price will continue to a desired target level on any individual trade. I only know the odds of price getting there before hitting my pre-planned stop loss.

I agree with you that once momentum pushes price through a key level with conviction, a random entry at that point in the direction of the momentum has similar odds to a carefully planned entry in the direction of the momentum.

Quote from marketsurfer:

Remember, TA was given up for dead in 2005

http://www.youtube.com/watch?v=Sh8mNjeuyV4

 

[bmwhendrix]

Surf, I hate to even respond to your posts, but so that others don't miss the key point regarding you random entry.

True, no one knows the outcome of price movement at any time.
True, support/ resistance levels are frequent turning points.
True, you can be profitable playing those areas, not by predicting direction, but letting the direction taken, take you for the ride.

simple.

 

[GloriaBrown]

Quote from bmwhendrix:

Surf, I hate to even respond to your posts, but so that others don't miss the key point regarding you random entry.

True, no one knows the outcome of price movement at any time.
True, support/ resistance levels are frequent turning points.
True, you can be profitable playing those areas, not by predicting direction, but letting the direction taken, take you for the ride.

simple.

any good way to backtest support/ resistance levels?

 

[electron]

Quote from slugar:

nodoji
cornix
bphoenix
handle. all are very helpful and willing to answer all my questions

It's nice that they are "very helpful and willing to answer all my questions" but that's not the category of people we are interested in here.

 

[electron]

Quote from wrbtrader:


For best traders to answer the OP questions, anyone that has consistently posted real-time trades or broker statements along with some other form of verification at some point (a minimum of a few months) here at ET would make my best traders list assuming the info posted was consistently profitable.

Yep, statements from the broker and the consistency confirmed by them is what I am after too. No such thing and you simply do not qualify.

The best trader I personally know and could attest to the fact that he is really good used to hang out on this forum some 10 years ago, then quit it and never looked back, but he introduced me to the forum.

He likes to say that "traders trade and BS artists hang out on trading forums" and there is a lot of truth to it.

 

[bmwhendrix]

Quote from GloriaBrown:

any good way to backtest support/ resistance levels?

I am a pitiful programmer. I can not. Trading is to me 70% art and 30% science.

You either get it or you don't.

 

[GloriaBrown]

Quote from bmwhendrix:

I am a pitiful programmer. I can not. Trading is to me 70% art and 30% science.

You either get it or you don't.

well I would say it is impossible to objectively backtest something like Elliott wave principle but it is possible to backtest support and resistant, just I want to see if anyone has better idea to define support and resistant in programming/logical statements.

 

[electron]

Quote from wrbtrader:

He's a smart trader and a smart vendor.

Besides, most top professionals have side businesses.

Nothing wrong with that. As long as their success is real, no one should question that, though many will.

But these are exceptions to the rule that most vendors are fakes.