The TREND is your friend.. The biggest lie ever!

[der_kommissar]

Yes. And you can reset your account.

Is this really another Surf-troll account? If so, this guy is worse than the plague.

 

[Redneck]

I always thought it could be potentially very dangerous,

Don't think it..., know it is

Apparently the mkt will need to provide that lesson.., no worries.., it will

but on the other hand, I only day trade, I skip the first 30 minutes and finish trading before 2 PM. I only go long, when the market is very bearish,

I day trade - big whoop - it simply doesn't f'n matter..., a freight train..., is a freight train

why do I have to trade at all?

You don't

Anyway, after two weeks experiment, I believe my method is very safe.

That's the beauty..., and the bitch..., of trading - we are all free to choose our own medicine

But then..., we must ingest that medicine


Proceed as you deem best.., tis your money.., and your choice

RN

 

[Handle123]

How do you define the trend objectively?

As in John Hill's books, I want to see "Thrust" in one direction, a bar that separates from whatever was doing, and if using a moving average, this Trust Bar will cause moving average to start sloping, I want to see this Thrust bar not to be touching the moving average at all, want it by itself, so I have define trend, also can have a close at least one tick beyond the last pivot providing that pivot is not an outside bar(nuance). You can use indicators to define trend, but you better be able to know on a chart first what is trend cause when the indicator is diverging from what the chart is showing, you have to know the answer immediately of what that means to you.

I completely agree with OP, and there are many other misleading rules such as
1. Cut the losers, let the winners fly.
2. Never add shares to your losing positions.

After I started doing the opposite, things turned around overnight!

1. Cut the losers, In day trading use only targets.
2. Always add to all trades.

I been doing this a 5 years, bottoms line has gone up, but I back tested this like a madman, then slowly traded it, when I lose it is like a sun burn and slept another 3 hours on the beach. Nothing to learn when you lose other than how much equipment I have to replace, hands on type of trader, LOL.

Except I am selling all the way up on new highs, but I hedge so losses can in some of them turn a loser into a winner.

I can't say how it works with long term, but I have a 100% winning rate since I used it two weeks ago. It's a pretty good result for an active day trader.

Of course it's not as simple as sitting on a losing trade and do nothing. You need to predict the reversal and buy at the lowest price, find a good price and timing to add more shares if the trade loses.

Those who follow the books cut their losses to me, and I sell to them after the trend forms.

How far back did you back test this? I used ten years of tick data.

I always thought it could be potentially very dangerous, but on the other hand, I only day trade, I skip the first 30 minutes and finish trading before 2 PM. I only go long, when the market is very bearish, why do I have to trade at all? Anyway, after two weeks experiment, I believe my method is very safe.

I only trade first hour day session, only when you can trade size half way decent.
I think Knowledge makes concepts either unsafe or risk tolerable, but to call anything safe in the markets is like answering door without my chainsaw when some guy picking up daughter for a date. Yea, I will make for a fine father-in-law.....

I have finally gotten to stage in life where I have no fear of the markets, but a great deal of RESPECT. Ch'i baby.

 

[RRY16]

As in John Hill's books, I want to see "Thrust" in one direction, a bar that separates from whatever was doing, and if using a moving average, this Trust Bar will cause moving average to start sloping, I want to see this Thrust bar not to be touching the moving average at all, want it by itself, so I have define trend, also can have a close at least one tick beyond the last pivot providing that pivot is not an outside bar(nuance). You can use indicators to define trend, but you better be able to know on a chart first what is trend cause when the indicator is diverging from what the chart is showing, you have to know the answer immediately of what that means to you.



1. Cut the losers, In day trading use only targets.
2. Always add to all trades.

I been doing this a 5 years, bottoms line has gone up, but I back tested this like a madman, then slowly traded it, when I lose it is like a sun burn and slept another 3 hours on the beach. Nothing to learn when you lose other than how much equipment I have to replace, hands on type of trader, LOL.

View attachment 163506

Except I am selling all the way up on new highs, but I hedge so losses can in some of them turn a loser into a winner.



How far back did you back test this? I used ten years of tick data.



I only trade first hour day session, only when you can trade size half way decent.
I think Knowledge makes concepts either unsafe or risk tolerable, but to call anything safe in the markets is like answering door without my chainsaw when some guy picking up daughter for a date. Yea, I will make for a fine father-in-law.....

I have finally gotten to stage in life where I have no fear of the markets, but a great deal of RESPECT. Ch'i baby.

How about taking a video of you trading the first hr? I miss the agro traders from back in the prop and floor trading days, the key board smash and heave is the best...no fun trading alone.

 

[FreakofNature]

There are several ways. I use an indicator/price combo on numerous time frames

Have you explained this in detail somewhere so i can research?

 

[dartmus]

How about taking a video of you trading the first hr? I miss the agro traders from back in the prop and floor trading days, the key board smash and heave is the best...no fun trading alone.

or a vid of u adding $93 tranches,
oh yeah

 

[Handle123]

How about taking a video of you trading the first hr? I miss the agro traders from back in the prop and floor trading days, the key board smash and heave is the best...no fun trading alone.

Yeah as soon as I get my Monkey to put down his bananas, will do.
I am not selling my systems, nor software, I have my charting and platforms programmed between my staff and me, yeah, I sure want the world to see the goodies I have. I should just post huge Billboard to all the vendors and Trading software companies, please come look and steal as you please. Yeah, I will put that on my list of things to do.

 

[RRY16]

Yeah as soon as I get my Monkey to put down his bananas, will do.
I am not selling my systems, nor software, I have my charting and platforms programmed between my staff and me, yeah, I sure want the world to see the goodies I have. I should just post huge Billboard to all the vendors and Trading software companies, please come look and steal as you please. Yeah, I will put that on my list of things to do.

It was a joke, I've seen your attachments and believe me I have zero interest in the way you trade or scalp but it works for you and that's all that counts...all the best!!

 

[dartmus]

Yeah as soon as I get my Monkey to put down his bananas, will do.
I am not selling my systems, nor software, I have my charting and platforms programmed between my staff and me, yeah, I sure want the world to see the goodies I have. I should just post huge Billboard to all the vendors and Trading software companies, please come look and steal as you please. Yeah, I will put that on my list of things to do.

You could always take lessons from RRY16 and call your staff a Quant Team. Sign up for his premium version of The URF Report. Then no worries anyone would want to steal from you. You could post the code and I would fade it.

 

[RRY16]

or a vid of u adding $93 tranches,
oh yeah

I don't know who the fuck you are nor do I give a rats ass but if you think I'm that piece of shit Surf your dead wrong and if you want to make a wager we can settle this but I doubt you have any real money or the balls..go bug someone else you basement sludge.