Tight Stops

Status
Not open for further replies.
Hello Bryce:

I notice that you are back again trying to peddle your religion. Kind of a bad break on those earlier charts when you attempted to call the short move and (unfortunately) the market continued on its course (twice as I recall).

I will give you points for persistence however. You are a real master at ignoring your own shortcommings and forging on ahead.

I figure folks need to see an alternative. Here I am posting my own chart. I use an LRC (linear regression channel), I put in daily, weekly and monthly pivots and for the open I use a simple indicator called the DDF (with thanks to Dr. John Clayburg).

If we compare your charts to mine, one item sticks out big time. Where you tried (and failed) to call a short move, my chart shows the true turning point (at the upper channel line). This allows me to stay with my winning trade longer, and to take the short scalp when it does come through.

I certainly don't have any problem with your approach. Without you (and your true believers) there buying my offer (when you thought you had a short trade going) how would I have closed my position at a profit?

Frankly to me, you are just one more carnival barker with an accent.

Steve

Edit:

Sorry, don't mean to be impolite. Not all the details are explained on the chart. Just ask folks, this is an old approach that works pretty well and doesn't require the trader to read tarot cards:cool:
 

Attachments

Okay then I went on over to your site. You are trying to peddle your newest worthless system for $2000 bucks give or take a few.

Sorry mate, but you haven't done your homework. We just had a little "experience" with a system vendor (TI) who claimed to be able to make huge sums of money with their system, even had a chatroom and a famous (Franz) moderator whose trades everyone wanted to piggyback. Until one day, boom the dam busts and the whole show goes floating down the river.

So here you are after a long hiatus, trying to launch your boat, telling us what a great approach you have, posting charts, and you start by failing to call a top. A bad sign don't you think? Then you muck on and unfortunately here I am waiting for you..Ah its like a bad dream isn't it. I wonder how many of your worthless systems you might be selling if not for the fact that I can show people how to do it better, without spending $2k...!

I do feel for you mate, your luck is going from bad to worse.

I just know we are going to have big fun this weekend.

Steve
 
Steve 46

Well I guess there is no converting you to any precision trading judging from your chart.

Yes you are right both potential trades I mentioned early today faired poorly but then with TIGHT STOPS any losses were nipped in the BUD quickly and you just move on.

The downward bias expected this morning didn't materialize - it was fairly clear as the day progressed that the market was moving higher. Blind Freddy could have seen that when the 1:1's weren't overbalancing.

Still standard deviations seems like a pretty mundane tool you are using to trade off. I suppose it is just your BLACK BOX and you have learnt to live with it. Next thing you probably mention is Bollinger bands.

If it suits you you stay with it and take your chances.

I am not your father or mother and I am not here to tell you what to do - I am merely pointing out what I do.

You have equal opportunity to do the same but becareful of your personal comments as they reflect your attitude to others ideas and they only make you look like a whinger. I guess that goes with having a one eyed approach like you have.

BBG :)
 
Steve46 wrote
_________________________________________________
So here you are after a long hiatus, trying to launch your boat, telling us what a great approach you have, posting charts, and you start by failing to call a top. A bad sign don't you think? Then you muck on and unfortunately here I am waiting for you..Ah its like a bad dream isn't it. I wonder how many of your worthless systems you might be selling if not for the fact that I can show people how to do it better, without spending $2k...
___________________________________________________

You know nothing is like a bad dream to me - I don't trade a system like you.

All that happened is I called a possible reversal at the time which didn't eventuate - what is a bad dream about doing that?

You see by your attitude that you are a completely negative person and a self indulgent one who thinks only of your own method.

I challenge you to post a chart of your entry next next time while the market is trrading and we can all judge your approach to trading.

Bet you will have trouble doing that.

I rest my case,

BBG
 
I wonder Bryce how you can comment on any lack of precision on my part. My chart shows the setup correctly, yours did not.

The details of my own system will not be in play here. I have spent too much of my time "getting there". I am pleased however to see that you dismiss the concept of linear regression.

My point remains the same. You are here to market your system. In my opinion it is of little use, and has no edge. I can produce more accurate results without paying $2000 for your system.

By the way, I have no personal bias. I can see that over the years you have developed a nice feel for the market. Your comments about the way that the S&P100 and the S&P500 act to support moves are right on. I think however that what you are doing is propping up a marginal system with your own experience and skill. Unfortunately the newbies who might be interested in buying your system won't be able to do that.

Steve
 
Steve 46 wrote...
My point remains the same. You are here to market your system. In my opinion it is of little use, and has no edge. I can produce more accurate results without paying $2000 for your system.
___________________________________________________

Steve,
Your assumption is incorrect about marketing my system I have people like eSignal who support me and will do that for me.

I don't think from what you said you realise that I am only making people aware that we have these trading tools that have proven to work time and time again day in and day out and are less subjective and more userfriendly than a black box.

If you want proof just go and have a look at all the people using it on my web site page and see what some of them say. Many of these guys have been trading over ten years or more and I didn't bend their arms up their backs to get them to buy my software and ideas. They were trading that way and all the software did was make it easier for them to do so.

http://wavetrader2004.com/id90.htm

These guys speak for themselves, so it makes the arguement with you rather reduntant don't you think?

BBG



These arre
 
I understand your comment. It is really the test of one's skills after all. How to enter and when to exit. That is what it is all about.

As I have gotten better at that, I notice that I can project my entry some time prior to the actual trade. My point, and I want to make sure other understand it well, is that you cannot plan a good entry without accurate charts.

So after warning me about personal bias, you start off your next post by using that same approach. You suggest that it is a personal thing. That I can't do what you can do. I would say that is the definition of the word "hypocrite"....isnt it?

We can make this personal if you want. Have you quit drinking yet? You have maintained your temper so far, but I would bet I can get the real Mr. Gilmore to show up whenever I wish.

My suggestion sir, is that you take care. As regards your reputation here, you have very few chips left to spend.

Steve

Edit:

I doubt that anyone here thinks that vending a system on Esignal is a badge of honor. After all, they have tried to sell a number of vendors indicators, most of them at inflated prices and most of them useless. Your own system will fit in nicely.
 
Status
Not open for further replies.
Back
Top