The Trouble With Scribbles

[Buy1Sell2]

How did I know not to be long prior to the full on crash of 2008-2009? This chart, which I posted here at ET in Jan 08 was a large part of my analysis

 

[Buy1Sell2]

Just in case anyone doesn't yet recognize that the grail method works, here is a weekly chart of the SP from 1987. Everyone should be able to easily see that well ahead of the Oct crash, one would either be out of the market or short.---Yet, folks still try to re-invent the wheel and call my tools antiquated.There's even a Romik(t) Bearish Macro included as well.

 

[Buy1Sell2]

Here is the hourly today showing where to reverse or take profits on hourly
View attachment 152617

Hmmmm- wonder if anyone remembers this posting?

 

[Autodidact]

Not to be the note of discord but I come from the school that there are many ways to trades, yes profitably, including the camp that praises the no usage of indicators.

Plenty of key areas for profitable trades without the usage of "magic" tools.

 

[Buy1Sell2]

Not to be the note of discord but I come from the school that there are many ways to trades, yes profitably, including the camp that praises the no usage of indicators.

Plenty of key areas for profitable trades without the usage of "magic" tools.

Certainly there are numerous systems of entry and exit discovery. The point of the thread is to show that the SLA is not an extraordinary system. In fact, it is inferior due to lack of trade management. Many entry and exit discovery systems will work, but only with proper trade management. Therefore, there is only one correct way to trade.

 

[bmwhendrix]

Certainly there are numerous systems of entry and exit discovery. The point of the thread is to show that the SLA is not an extraordinary system. In fact, it is inferior due to lack of trade management. Many entry and exit discovery systems will work, but only with proper trade management. Therefore, there is only one correct way to trade.

Which is?.........

 

[bmwhendrix]

Which is?.........

Why not just trade a monthly close past your moving average? That seems to work? Why worry with all the other drama?

 

[Autodidact]

Why not just trade a monthly close past your moving average? That seems to work? Why worry with all the other drama?

View attachment 152694

In hindsight it works, of course your statistical sample is far from appropriate.

 

[knutkase]

Which is?.........

B1S2 does not know.

This open NQ trade (in this thread) has gone from +110 points not ticks to -40plus points. The +200 point stop adds to the integrity of the trade.

--05/08/2015 RTH Short here at 4454.25. Initial Stop is 4650.
--05/11/2015 Afterhours PM Price is 4427.50. Staying short with same stop.

And this open ES trade (from ES Journal - 2015) has gone from +30 handles to near -30 handles

--04/30/15 Short 2090.00 Initial stop --2140.00
--05/05/15 Late RTH. Price is 2084.00 Staying short for now with same stop. Daily negative. Weekly slightly negative. Monthly MACD at historic highs and rolling over somewhat.

 

[Buy1Sell2]

Which is?.........

Thank you for the question Munich. Here is the correct way to trade--

1. Keep losses small. (Never risk more than 2% of Total Liquid Net Worth on any one trade/idea.)

2. Let winners run using stops outside the noise.

3. Keep commissions small

4. Don't scale in or scale out.