The most efficient method of trading

[SimpleMeLike]

I try to help sometimes, but traders either don't believe it or don't want to listen.

But it's a fact... "With Price TA you can know with 100% certainty what the market just did and what it possibly/probably means". You don't get to know how long it will last or how far it will go*. You "must play that by ear". And if you know Price TA, you know the alternatives to get on the right side of the move even if you get chopped/faked out initially. (The market isn't going to be a "lay-down, no brainer" for anybody... not even for me.... pretty close, though. )

* When you get an apparent "indication failure", it's more likely you're dealing TWO indications rather than a "failed one".

The saga continues...

Hello Scataphagos,

Give me a 1hour, I need to walk the dogs. Then I will explain, why the serious trader don't have a choice but to trade Price TA.

 

[Blitzjoker]

There's no less than a hundred books written on the subject.
I recommend Planetary Harmonics of Speculative Markets by Larry Pesavento

Knowledge is Power and Potential Profit, and we know "dumb"
people rarely make consistent profits in the markets.
Hence the term "Dumb Money".

So what is the mechanism by which planetary movements affect stock prices? Is it a causal relationship?

 

[mikeriley]

So what is the mechanism by which planetary movements affect stock prices? Is it a causal relationship?

Just read the following link.
https://tallbloke.wordpress.com/201...ibonacci-series-and-the-golden-ratio-why-phi/

The book was presented implying one should "Do the work" to read, study,
research, analyze and practice a methodology to validate it's potential.

To your trading success.

 

[Blitzjoker]

So have you validated it's potential?

 

[mikeriley]

So have you validated it's potential?

Yes sir.

 

[Blitzjoker]

How is the forward testing going? That's usually the tricky bit.

 

[mikeriley]

How is the forward testing going? That's usually the tricky bit.

Testing was completed almost 14 years ago. (been fulltime since retirement)
It's now in my toolbag as one of my strategies.

Edit: Did you read the link?

 

[SimpleMeLike]

Hello Scataphagos,

Give me a 1hour, I need to walk the dogs. Then I will explain, why the serious trader don't have a choice but to trade Price TA.

Good Morning @Scataphagos

I am back and I will respond to your message and premise of the benefits and advantage of why a trader should be trading real time Price or even Price TA.

From my 5 years of day to day trading and week to week trying to get consistently profitable and overwhelming rich by trading the ES future market., I list why a retail/independent/trader should just manual/discretionary/guess trade using Price TA.

It is best to follow Scataphagos advice with only trading Price TA because:

1. No time for anything else. I work full time job, no time to read 100 trading books and buy every teacher trading course. Better to just take best guess with Price TA. Cost is $0.00
2. Lack of coding skills to test ideas: 98% of traders have no coding skills, so they can not code and back test trading ideas to determine if the trading idea make money or not quickly. Better to just take best guess with Price TA. Cost is $0.00
3. Save money. No trader with full time job, have millions of dollars to try 100 trading methods in books and trading courses. Better to just take best guess with Price TA in SIM until get consistent. Cost is $0.00
4. Formulate your opinion of the market. By starring at the price all day long for hours and hours and hours, at time = t, eventually you will discover how to take money from the market daily. It make take t = 10 years, or t = 1 years, but eventually you will get it. Better to just take best guess with Price TA Cost is $0.00
5. No distractions. If you just stick to Price TA and just trust it, you do not have to worry about listening to other traders and their methods. You can focus allllllll your attention on Price TA and formulate your opinion and your own research. The brutal truth is a day trader simply can not try everything for XXX-X,XXX trades, the trader must fall in love with one thing and master it. Better to just take best guess with Price TA in SIM until get consistent. Cost is $0.00
6. No Lies. If a trader wants the truth, here it is: Open any bar chart (does not matter time or bar type). Whatever you see now, is the 100% Truth, everything else is a Lie, cause you have no way to prove if what someone tell you or what you read in trading is true, so its best to just stare at the chart in real time and go for it. Better to just take best guess with Price TA in SIM until get consistent. Cost is $0.00
7. Freedom: Just think if only look a price and take your best guess. Your mind is clear, you do not have to worry about anything. You do your own research. Starting with price is th best way to do that. Better to just take best guess with Price TA in SIM until get consistent. Cost is $0.00

That is my opinion. Fortunately for me, I have programming experience, so I can program simple trading ideas, within about 1 hour, and see if what I see produces alot of money or not in a quick amount of time. I use the word quick, because the more time I spend coding, the less time I have to watch the chart in real time and guess and learn.

But for the trader new this, man just stare at the chart in real time and formulate your own trading ideas and take your best guess in SIM mode or small amount of money.


Thank you Rick Ross and Kodak Black for the music in my ear while I type the above out with the sole purpose of trying to help another fellow trader. FREE Pooh Shiesty

 

[Blitzjoker]

Testing was completed almost 14 years ago. (been fulltime since retirement)
It's now in my toolbag as one of my strategies.

Edit: Did you read the link?

Is the strategy profitable?

I glanced at the link, but it had nothing to do with trading.

 

[mikeriley]

Is the strategy profitable?

Yes, it's profitable when I get a signal. Unfortunately
for this method signals are slooooow.