The Trouble With Scribbles
- Thread starter Buy1Sell2
- Start date
Romik, we go way back, you and I. That being said, it is a big deal, and a lot to ask to a trader, who has an edge to show their exact entries, and exits. It matters even more to a multi lot trader.
DB has already provided a detailed plan via a PDF, and hundreds of pages of detailed explanations to whomever needs further assistance. He has also made it clear from the beginning, that he would not be providing assistance on exact entries, and exits, as it would be the student's due diligence to come up with a method, which suits his/her's personalities, and risk tolerances. He's already provided with a solid frame work, and all an aspiring trader has to do is to finish the work. And if one is not willing to do that, then he/she isn't exactly aspiring.
Take care, and good luck with your MACD, and RSI. I too, used a bunch of indicators back in the days, but eventually grew out of it.
Schaefer
We are nothing more than a 'drop in an ocean' of market participants. There is absolutely no potential damage to an edge by posting entries/exits real-time on a message board. There seems to be no shortage of time either, as DB is a frequent poster, the rest are just excuses IMHO.
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It's true, if you combine all the different markets, and instruments. But, some of us only trade only one particular instrument, and in this case, NQ. If you trade NQ, and especially more than one lot, you'd know that it is not as liquid as one would think. There aren't that many full time retail emini traders; most of the participants are part time traders, placing orders here and there during their regular 9 to 5 work.
It is ludicrous to think, that you would not lose your edge posting on message forums. For example, MACD, and RSI; they both used to have an edge, and now no more.
DB has plenty of time, because he trades longer time frame. And if you follow his plan, the areas of interest are pre-defined, and one has nothing to do, but wait until price gets there.
Schaefer
Welcome to my experimental journal where since mid April it's up 130pts ES. It's based on just MACD. So I guess your statement is not quite factual. It may have stopped working for you, but it still works. Perhaps you guys only accept an edge that is based on high win rate. It doesn't have to be.
Oh yes, congrats Romik, good job on that. But I seriously doubt, that it is due to MACD, that you're enjoying the positive outcome. You're having success with that experiment, because of your years of watching the market, and know how to assess multiple time frames, and know when to take the signal, and when not to.
In fact, dare I say, that you'd still have the same, or better results, should you trade without the MACD. Let's put it this way, you could teach a newbie your MACD strategy, and I'd bet that newbie won't have the results like you do.
Schaefer
High win rate, or not, is entirely up to the individual SLA/AMT follower. Like I've said, it is up to the student to come with a plan to suit his/her personality, and risk tolerance. And if that person prefers high win rate, then it is up to the trader to come with a plan to consistently have a high win rate.
I for one do not care for high win rate, what matters to me is be able to get on board in the right direction, at the right time, at the right place. And if it's going to take ten small losing trades to get there, so be it.
Schaefer
lol so what’s up with that liquidity problem?
I'm not sure, if I understood you, so are you saying that, if you trade longer time frame, then there are no liquidity issues? Whether you're using longer, or shorter time frame bars, when the time comes to place orders, everyone has to go through the same ladder.
Schaefer