trend following delusion shattered

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Quote from spike500:

yes:D

that's not important, the most important thing is to PROVE that what you say really works.

If i say how many points i make i will get idiot remarks :
why don't you live in the carribean?
you must be the richest man in the world !
if professionals can't make it how would you be able to make it ?
it commonly known that what you say is impossible
etc...etc...

I past that stage already a long time ago.
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:confused: :D

http://www.elitetrader.com/vb/showthread.php?s=&threadid=46095&pagenumber=19

Quote from spike500:

Just to inform everyone that I will have to go to the hospital:

I broke 2 ribs while laughing about all the jokes I read over here. The profits made by some of the “trades” over here are so overwhelming that I’m convinced that I’m an idiot.
Paul Tudor Jones, Monroe Trout and George Soros are having a depression after reading about the capabilities of certain “traders” especially if they compare these statements with their own REALIZED returns.

Someone posted he could make 240 points on a 1 contract basis in 1 day?
Prove it to me. If you make consistently more than 2 points a day, you will not be able to handle all the money that people will give you to trade with.
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Quote from spike500:

i use the feed from Esignal.
I have ticks coming in. That's all i have and need.
I don't even know anything else than ticks. But that's perhaps due to my lack of intelligence.

Perhaps you could come and sit next to me? But even then you're not sure. I might have a transmitter in my head that gives additional information, or perhaps i get additional information when i look at the trees or at the sky, i might evenb have people that help me by manipulating markets.

If you put enough restrictions and ask lots of prove of things no one can proof, you will automatically be right. Every proven results can be put in question, so nothing can ever be proved.
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The short version is that you can't prove what you said.
 
Quote from NickelScalper:

Yeah, and 19 out of 20 traders "eek" as they go down ugly.
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I suppose those 19 must not be using price action to help them trade.:)
 
Hey Profit:
I am on lunch break, so I can post a minute. These Esignal charts are my back up for the moment. I am using CQG now for my primary feed. Can't post those charts unfortunately. My point was that it is really pretty straightforward to see trend (I am sure you get it). I use 21 period and 5 period EMA's looking to identify trend on 15 min and 5 min basis. This has worked well for me for years. Really this is the most basic crap. Folks still have to learn to find an entry and keep hands off the mouse while it wiggles around. If a trader can't make it past the first step, how will they make any money? LOL

Lefty

Edit:

I like that chart. Ergodic 28 with breaches identified clearly. Now all thats left is pulling the trigger :D
Do you stay with the trend or take the counters as well?
Personally, I take all trades, but reduce position size on the countertrend trades.
 
Quote from NickelScalper:

The short version is that you can't prove what you said.
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I said 1 hour ago: short

That is all that can be used to prove something.

Your remarks about "other" things that can help me are ridiculous.
But if you're frustrated all means and arguments are good enough to break down others.
Jealousy and frustration will never make a good trader from you.


Let the majority decide whether i was right or not instead of some one who is prepossesed.

Lefty was right in his posting.
 
Quote from Lefty62151:

Hey Profit:
I am on lunch break, so I can post a minute. These Esignal charts are my back up for the moment. I am using CQG now for my primary feed. Can't post those charts unfortunately. My point was that it is really pretty straightforward to see trend (I am sure you get it). I use 21 period and 5 period EMA's looking to identify trend on 15 min and 5 min basis. This has worked well for me for years. Really this is the most basic crap. Folks still have to learn to find an entry and keep hands off the mouse while it wiggles around. If a trader can't make it past the first step, how will they make any money? LOL

Lefty
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I agree. Since yesterday afternoon @ 2 pm the ES has made a LH, LL, LH, LL, LH, LL and currently a LH.
(my 5 year old knows that is a Bear Trend pattern)
So every LH was a short to Challenge the last previous LL. Wow, 4 simple profitable trades based on past data. I'm glad people think we are nuts Lefty.
 
Quote from spike500:

I said 1 hour ago: short

That is all that can be used to prove something.

Your remarks about "other" things that can help me are ridiculous.
But if you're frustrated all means and arguments are good enough to break down others.
Jealousy and frustration will never make a good trader from you.


Let the majority decide whether i was right or not instead of some one who is prepossesed.

Lefty was right in his posting.
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Prediction alone is not the point here. It's the means of prediction, i.e. based solely on past price, that is the issue.
 
Quote from NickelScalper:

Prediction alone is not the point here. It's the means of prediction, i.e. based solely on past price, that is the issue of this discussion.
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I ONLY use OPEN, HIGH, LOW, CLOSE, so in fact i only use the ticks.
Prove that i don't.

Look at the chart: i posted where the red arrow stands. Where was the price for the next hour?

I say that i can predict the trend, trade and make money. Because of the high percentage of profitable trades it is clear that it has nothing to do with luck.
 

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Quote from NickelScalper:

You also have to prove that your predictions are based solely on past price.
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no he does not, bro. if he can predict the market 1 -2 hours into the future with 90% accuracy--i don't care how he does it.

with a proven system like that, i'll happily intro him to some major major money.

hank
 
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