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

[tt.texantrader]

I am on ET since 2004 and posted in past in real time. I even started the shortest thread on ET where I wanted to post in realtime for everybody. But because there are so many bashers on ET I cancelled that thread after a few bashers already started to bash me BEFORE the first signal was posted.
You have no idea at all who I am as you are here only 1-2 months. I posted in total a few thousand postings (I had another alias before this one). If you would read them all maybe you could have an objective opinion about me.

I will never post any signals anymore. Because it is useless. Bashers will always post negative comments so they killed a good part of ET.

Just for illustration:
http://www.elitetrader.com/et/index...ading-really-work.294919/page-12#post-4191642

I posted signals in PM to people that threated me correct, but did not want to give free money to others. So these signals were directed to specific people. And they know what I can or cannot.

Everything u say here means nothing without links or proof. U have such a thick skin that u expect me to believe that u got chased away from ur own thread? If your first 3 real time calls were solid they would have shut up.

Posting a link to romik vouching for you also means nothing. Are u romik? U say u have been here since 2004 and romik has since 2006. I can get all my other aliases to vouch for me too u know! Where are all these guys who u gave tips to in PM?

U might say that posting real time calls is useless but what is even more useless is telling someone the next day what they should have done via a hindsight chart. I have even more postings than u and am not easily fooled.

And with regards to schizo, let's not forget he won a bet about the lows in 2016 breaking. What he showed runs circles around all the trading experts who seem to get every market movement correct and yet cannot call one entry.

 

[J_Smith]

Everything u say here means nothing without links or proof. U have such a thick skin that u expect me to believe that u got chased away from ur own thread? If your first 3 real time calls were solid they would have shut up.

Posting a link to romik vouching for you also means nothing. Are u romik? U say u have been here since 2004 and romik has since 2006. I can get all my other aliases to vouch for me too u know! Where are all these guys who u gave tips to in PM?

U might say that posting real time calls is useless but what is even more useless is telling someone the next day what they should have done via a hindsight chart. I have even more postings than u and am not easily fooled.

And with regards to schizo, let's not forget he won a bet about the lows in 2016 breaking. What he showed runs circles around all the trading experts who seem to get every market movement correct and yet cannot call one entry.

You should not call any market, even though I have done it myself at times

You must, however, have a bias for direction before you enter a trade, and, once in the trade must manage it correctly - stay in if right until chart/s show it is time to get out - get out if wrong, depending on how much you can afford to risk, how much drawdown you can handle, and how good you are at reading short term reversals!

E.g - i put on a trade yesterday with ES..forget about NFP until this morning..but was not really worried as I was expecting the market to reverse after making a move after NFP results, and if the move was up first my profit taker limit order might be hit.

Result - ES fell after NFP and then rebounded as expected, was down about $500 at one stage and made $308 on trade, could have made more, but was too busy gardening

There is only one thing that really matters when it comes to trading, and that is P&L!

The trend really is your friend, but like all friends, you must really get to know him!

J_S

 

[BONECRUSHER]

I am on ET since 2004 and posted in past in real time. I even started the shortest thread on ET where I wanted to post in realtime for everybody. But because there are so many bashers on ET I cancelled that thread after a few bashers already started to bash me BEFORE the first signal was posted.
You have no idea at all who I am as you are here only 1-2 months. I posted in total a few thousand postings (I had another alias before this one). If you would read them all maybe you could have an objective opinion about me.

I will never post any signals anymore. Because it is useless. Bashers will always post negative comments so they killed a good part of ET.

Just for illustration:
http://www.elitetrader.com/et/index...ading-really-work.294919/page-12#post-4191642

I posted signals in PM to people that threated me correct, but did not want to give free money to others. So these signals were directed to specific people. And they know what I can or cannot.

I AM NOBODY....you had a previous alias? Can you disclose that information? I love reading about different styles and methodologies.

 

[K-Pia]

The fact is that trends are cherished.
But you don't need them to grow rich.
Especially for day traders. Get 5 ES ticks.
I mean get them consistently. No need more.
With 100 contracts it's an average of 6K Daily ...
125K monthly ... 1500K Yearly ... Enough for many.
Plus... You need what ? 4h max per day to find the setups.
Then when there are true opportunity for trend following, cash in.
I mean real bull or bear market. Not triple tops like what we're seeing.

 

[J_Smith]

The fact is that trends are cherished.
But you don't need them to grow rich.
Especially for day traders. Get 5 ES ticks.
I mean get them consistently. No need more.
With 100 contracts it's an average of 6K Daily ...
125K monthly ... 1500K Yearly ... Enough for many.
Plus... You need what ? 4h max per day to find the setups.
Then when there are true opportunity for trend following, cash in.
I mean real bull or bear market. Not triple tops like what we're seeing.

I try to stay with the trend after entry, and, depending on what happens, my exit could be based on the 30 sec chart, which trends the same as the 30 min chart, only difference is time!

The main problem, I think, is that most use the wrong way to define a trend, so, what happes is they get caught out, as they will either exit too early with a small loss, or exit too late with a bigger loss - it is always ok to exit with a small profit, even if leaving money on the table, as you never go broke taking profits off the table.

The trend is always your best fiend, get to know him well!

J_S

 

[i am nobody]

I try to stay with the trend after entry, and, depending on what happens, my exit could be based on the 30 sec chart, which trends the same as the 30 min chart, only difference is time!

For me one of the biggest mistakes daytraders make is watching too small timeframes.
Don't use tick charts, 1-60 second charts,1-5 minute charts. The potential profit of a trade depends of the lenght in time of the "trend". The fact that many people trade LT is because the "trends" are bigger and give more profit potential. I define "trends" in hourly timeframes and monitor from then on the evolution of the trend.

1. You should first find and analyze the "trends" within 1 day.
2. Then try to find the optimal timeframe so that you can trade these waves optimal.
3. Don't try to take tops or bottoms.
4. Wait till the"trend" is confirmed before entering (or exiting).

The small "profits" you miss by waiting for confirmation will largely be compensated by the higher winratio, and the avoided losses because of fake signals.
Eventually your total profits are equal to: (average profit per winning trade * number of winning trades) - (average loss per losing trade * number of losing trades). Test different confirmation signals and calculate for each test the above formula. You will find the optimal setting easily.

 

[Mysteron]

I try to stay with the trend after entry, and, depending on what happens, my exit could be based on the 30 sec chart, which trends the same as the 30 min chart, only difference is time!

The main problem, I think, is that most use the wrong way to define a trend, so, what happes is they get caught out, as they will either exit too early with a small loss, or exit too late with a bigger loss - it is always ok to exit with a small profit, even if leaving money on the table, as you never go broke taking profits off the table.

The trend is always your best fiend, get to know him well!

J_S

Presumably thats a typo (fiend - an evil spirit or demon).

Roughly, a trend is a series of price moves in the same direction. The trend on the higher time frame determines trade bias.

A trade is placed when there is anticipation of price moving - trending over successive bars.

Price breaking the H or L of the last two bars is one way of defining a trend break or potential start of a trend.

This trade on the DAX (UK time) was not a good performance on my part as the chop after entry spooked me but the chart illustrates a trend according to my definition. The RR was potentially 3.5.

 

[i am nobody]

Everything u say here means nothing without links or proof. U have such a thick skin that u expect me to believe that u got chased away from ur own thread? If your first 3 real time calls were solid they would have shut up.

I can use your own words against you:” Everything u say here means nothing without links or proof.”

According to you and der kommisaris I am a seller. Where is the proof? There is no proof. You can even not find ONE posting to proof your insinuation.

I propose to sell thru PM? There is no proof. It is strange that you can even not find ONE posting to proof your insinuation. I saw a posting from somebody who confirmed that I never made any proposition but on the contrary gave FREE information. So REALITY is just the opposite of what you are insinuating.

Posting a link to romik vouching for you also means nothing. Are u romik? U say u have been here since 2004 and romik has since 2006.

Again no proof of your insinuation that I am Romik. We can clear this out quickly. Baron can tell if your insinuation is true or not.

I can get all my other aliases to vouch for me too u know!

It is not because you probably use these techniques that I do the same. Baron can proof who is right.

You have a lot of different aliases? Why, hidden agenda? Why you need to change your aliases? Like Marketsurfer? Or maybe you are Marketsurfer. Are you one of these that send me PM’s to stop posting and not make others smarter? Is your trading threatened by ET members that can get smarter? Now I understand why you never share any valuable information. Hidden agenda.

Where are all these guys who u gave tips to in PM?

PM means PRIVATE message. PRIVATE means it should stay between the two persons (sometimes even more) who communicate. I respect other people’s privacy and therefore cannot show anything. These people can if they want to. But then they will show maybe things that I don’t like to become public. Compare it with your hidden agenda with der kommissar and others. This agenda never shows up too.

I have even more postings than u and am not easily fooled.

You have exactly 38 postings so a lot less then me. Even having lots of postings does not mean you are smarter, more honest or a better trader. But to understand that you need a minimum of intelligence. Marketsurfer had lots of postings too.

And with regards to schizo, let's not forget he won a bet about the lows in 2016 breaking. What he showed runs circles around all the trading experts who seem to get every market movement correct and yet cannot call one entry.

As you say: "”he won a bet”."
He was betting and was lucky. The fact that he was lucky was confirmed by his “trading”. I never saw a good trader go long, short and long again within 1 minute. Only people who have no clue do that. He was in panic jumping around all the time. He got completely knocked out, got health problems and had to stop trading . It really reads like the story of a successful trader. LOL. The fact that some admired him as a real trader tells a lot about these admirers.
In the land of the blind, oneeye is king.

Probably you liked him because of his alias that fits with your personality: schizo(frenic). If he ever comes back he can take a new alias: paranoia.


I know some very profitable traders on ET; NONE of them ever posted their trades. And even if they would post, the bashers would write negative comments.

 

[lucysparabola]

I can use your own words against you:” Everything u say here means nothing without links or proof.”

According to you and der kommisaris I am a seller. Where is the proof? There is no proof. You can even not find ONE posting to proof your insinuation.

I propose to sell thru PM? There is no proof. It is strange that you can even not find ONE posting to proof your insinuation. I saw a posting from somebody who confirmed that I never made any proposition but on the contrary gave FREE information. So REALITY is just the opposite of what you are insinuating.


Again no proof of your insinuation that I am Romik. We can clear this out quickly. Baron can tell if your insinuation is true or not.


It is not because you probably use these techniques that I do the same. Baron can proof who is right.

You have a lot of different aliases? Why, hidden agenda? Why you need to change your aliases? Like Marketsurfer? Or maybe you are Marketsurfer. Are you one of these that send me PM’s to stop posting and not make others smarter? Is your trading threatened by ET members that can get smarter? Now I understand why you never share any valuable information. Hidden agenda.



PM means PRIVATE message. PRIVATE means it should stay between the two persons (sometimes even more) who communicate. I respect other people’s privacy and therefore cannot show anything. These people can if they want to. But then they will show maybe things that I don’t like to become public. Compare it with your hidden agenda with der kommissar and others. This agenda never shows up too.



You have exactly 38 postings so a lot less then me. Even having lots of postings does not mean you are smarter, more honest or a better trader. But to understand that you need a minimum of intelligence. Marketsurfer had lots of postings too.




As you say: "”he won a bet”."
He was betting and was lucky. The fact that he was lucky was confirmed by his “trading”. I never saw a good trader go long, short and long again within 1 minute. Only people who have no clue do that. He was in panic jumping around all the time. He got completely knocked out, got health problems and had to stop trading . It really reads like the story of a successful trader. LOL. The fact that some admired him as a real trader tells a lot about these admirers.
In the land of the blind, oneeye is king.

Probably you liked him because of his alias that fits with your personality: schizo(frenic). If he ever comes back he can take a new alias: paranoia.


I know some very profitable traders on ET; NONE of them ever posted their trades. And even if they would post, the bashers would write negative comments.

that was beautiful, lol.

I've PM'd with IAN for a couple years and never once been solicited. he has my off-ET contact info and never once have I been spammed, pitched, or the like.

clowns.

 

[J_Smith]

For me one of the biggest mistakes daytraders make is watching too small timeframes.
Don't use tick charts, 1-60 second charts,1-5 minute charts. The potential profit of a trade depends of the lenght in time of the "trend". The fact that many people trade LT is because the "trends" are bigger and give more profit potential. I define "trends" in hourly timeframes and monitor from then on the evolution of the trend.

1. You should first find and analyze the "trends" within 1 day.
2. Then try to find the optimal timeframe so that you can trade these waves optimal.
3. Don't try to take tops or bottoms.
4. Wait till the"trend" is confirmed before entering (or exiting).

The small "profits" you miss by waiting for confirmation will largely be compensated by the higher winratio, and the avoided losses because of fake signals.
Eventually your total profits are equal to: (average profit per winning trade * number of winning trades) - (average loss per losing trade * number of losing trades). Test different confirmation signals and calculate for each test the above formula. You will find the optimal setting easily.

The best way to trade, is the way that makes you money.

One problem with this, is that you can still make money after making a bad decision, and, it happened to me just yesterday, and even though my assumption was correct following decline in ES after NFP, that does not change the fact that I made a bad decision.

Once you know, and don't keep repeating bad decisions, then you will eventually stop making them.

A bad decision, is when you risk too much per trade, for even though you can still win, like I did yesterday, if continued one day it will really catch you, and all you end up doing then is giving back what you have made, which means you are just wasting your time like most do.

If a trend is on a 5 sec chart, and you can use the same thing over and over, and make money, over and over, then, that is what you should keep using - if another timeframe then keep using that, or, you can also use a combination of timeframes to work out the odds even more, and that is called MTFA.

No rocket science, just common sense!

J_S