Jack isn't giving a system out, a system has rules, can be tested objectively among other things.
Why do folks reveal Profitable Strategies, are they NUTS?
- Thread starter aeliodon
- Start date
Tums said "If you don't believe you can do it, even if someone gave you the "Holy Grail", it won't do you any good."
I do believe i can do it because I do "do it" everyday, but I have trouble remembering the last time someone gave me the holy grail ,since you believe I suggest you simply buy one Tums , there's thousands out there for just a few bucks , some even free, and they will be very profitable and of far more use to you than me , because you believe in them, I'm surprised you haven't done this before , as everyone knows believing something , however irrational, is a self fulfilling prophecy!!
I do believe i can do it because I do "do it" everyday, but I have trouble remembering the last time someone gave me the holy grail ,since you believe I suggest you simply buy one Tums , there's thousands out there for just a few bucks , some even free, and they will be very profitable and of far more use to you than me , because you believe in them, I'm surprised you haven't done this before , as everyone knows believing something , however irrational, is a self fulfilling prophecy!!
see the confusion created where Spyderposter tries to explain his "system" in the futures blog. Not even remotely a system and not a revelation of a profitable strategy.
Perhaps traders reveal profitable strategies because they are generous ... and realize that even if they do give out the rules, very few will do the work required to assimilate the knowledge and put it to work, and those few are what make it all worthwhile.
Why do people use odd sized tick charts?
and
ES Journal
... there's a lot more, but I'll stop there, I have to take a nap before the open.
Jimmy Jam
Why do people use odd sized tick charts?
and
ES Journal
... there's a lot more, but I'll stop there, I have to take a nap before the open.
Jimmy Jam
<i>"... there's a lot more, but I'll stop there, I have to take a nap before the open"</i>
Good Lord, <b>JJ</b>... what're you doing up at those hours? Leave those foreign markets alone and get to bed. Plenty of money to be made in our eminis when they open (laugh).
Jack and followers don't have a system... they teach a general methodology, which is the parent of system(s). Once a trader takes some methodology parameters and assigns them defined, black & white rules, the methodology then spawns a system.
The more simple a method is, the easier one can create a system from it. More complex methods will certainly show greater potential profits available, but the chasm between <i>potential</i> profits in hindsight and <i>realized</i> profits in a real-money account can be wider than the Grand Canyon.
Jack, Spyder and gang are to be commended for working hard at trying to make a difference for others. I would opine that trying to catch the major intraday swings instead of every wiggle on a chart would be much easier in reality. Perhaps channeling the major reference points instead of every bar on an ES chart would have newbies grasp the picture far faster.
Trendline channels in harmony with pure points of reference will make money. In yesterday's case, seeking buy signals in the ES following its clean bounce from S2 would have been a no-brainer. Forget trying to short any weak little blips... that only clouds the emotional judgement of most traders.
It is emotionally impossible for most traders to take 20 - 30 - 50 - 100 turns intraday AND remain effective for long periods of time. It's also a waste of time. Just measure the market, read the tape and take trade signals in direction of existing market strength, be it up or down. Channeling the major swing points and/or using some other key price measures will easily accomplish that.
At the very least, Jack, Spyder & gang are trying to offer solutions in their own way. Nothing is this entire forum is less useful than posters who only ever denigrate, bitch and complain without likewise offering solutions to their complaints.
Good Lord, <b>JJ</b>... what're you doing up at those hours? Leave those foreign markets alone and get to bed. Plenty of money to be made in our eminis when they open (laugh).
Jack and followers don't have a system... they teach a general methodology, which is the parent of system(s). Once a trader takes some methodology parameters and assigns them defined, black & white rules, the methodology then spawns a system.
The more simple a method is, the easier one can create a system from it. More complex methods will certainly show greater potential profits available, but the chasm between <i>potential</i> profits in hindsight and <i>realized</i> profits in a real-money account can be wider than the Grand Canyon.
Jack, Spyder and gang are to be commended for working hard at trying to make a difference for others. I would opine that trying to catch the major intraday swings instead of every wiggle on a chart would be much easier in reality. Perhaps channeling the major reference points instead of every bar on an ES chart would have newbies grasp the picture far faster.
Trendline channels in harmony with pure points of reference will make money. In yesterday's case, seeking buy signals in the ES following its clean bounce from S2 would have been a no-brainer. Forget trying to short any weak little blips... that only clouds the emotional judgement of most traders.
It is emotionally impossible for most traders to take 20 - 30 - 50 - 100 turns intraday AND remain effective for long periods of time. It's also a waste of time. Just measure the market, read the tape and take trade signals in direction of existing market strength, be it up or down. Channeling the major swing points and/or using some other key price measures will easily accomplish that.
At the very least, Jack, Spyder & gang are trying to offer solutions in their own way. Nothing is this entire forum is less useful than posters who only ever denigrate, bitch and complain without likewise offering solutions to their complaints.