Why does TA not work (for you)?

Quote from Jestersofmalice:

I've made over 4000 trades this last few months.....
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Your average profit per trade is $2.50? And you had to make 4000 trades to make a measly $10k.

What's your trading stake?
 
Quote from marketsurfer:

Huh? How about posting before the fact calls-- June 21 was nearly 2 months ago-- I don't get the above cherry picked pretty chart.



surf:confused:
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You put up the chart, we will make the call.
 
Quote from luckyluciano:

Your average profit per trade is $2.50? And you had to make 4000 trades to make a measly $10k.

What's your trading stake?
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hehe. No need to be mean. I certainly wasn't bragging! :) I know that most here make 10k in a few hours, but the money wasn't the point of the post.

Stake size is trading 50-100 shares.

I only posted it because surf said he wanted to see at least 1000 trades in a statement.

I work full time - trading is my hobby on the side.

cheers
 
Quote from frenchfry:

Hi Jack, because of your last post I had to go back and find what you posted for HateTHERisk.

Would you please be so kind and confirm if what I put on the chart reflects what you wrote about the events on July 10th? I marked all "Quickies" and "E type" trades but they could be wrong.

Now that I know which "Tuesday" chart you meant I will come back shortly to the subject of logging volume events and dissect further what you posted.

Thanks.
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Thank you for posting.

I reviewed your chart by zipping across it. Soon I will critique it.

You are too loose on quickies and you are too tight on Type E's. All I did ws look at failures of quickies (meaning they were named wrongly) and I put them into type E to see if they worked.

I have a complete and thoroughly done chart. for my critique I will point out the reasoning requirements to get focussed.

Welcome to finite math.

For the purpose of learning it would be best for you to learn to log. You do this by following my logging using your log correctly.

notice I suBscripted the tT/F entries so you can see the three parts of the category Test procedure OOE AFTER the EE monitoring and analysis.

Each bar in any bar chart presently avaiable is either an EE or a category in an OOE of continuation. This concept is what allows the full offer of any market to be "taken".

Notice the log COVERS ALL POSSIBILITIES.

You are moving along at about the speed of light to your final operational status.

Notice surf has learned to listen to "calls" for the first time in his life. What could be next? We know the getting past p<0.05.
So far he cannot recognize a record of a call in the past. That is too much to expect.

We call every bar. there are 81 bars a day. we make a multiple of the daily range.

On the 10th chart, you are going to post a five sheet log. You will need 81 rows labelled with the 81 bar #. I suggest you add a column with the end time of each bar so others can follow your work who do not know how to label bar #'s. Get the half hour bar # on ech chart you post from now on.

Surf may post a chart. we will be telling him the bar the trade is on. After he gets that we will teach him price drivers for carving each TURN intrabar.
 
Quote from NoDoji:

Brother Surf, here is a time-stamped (pacific time) call based on precision technical analysis. Scalpers who know an instrument well and use Brooks-style TA can frequently get this precise with our targets.

ADD: This is Sept CL, by the way, if you're wondering what the heck .16 means :p
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Thank you, sister. Nice trading-- I was watching CL today, it did really break to the upside.
 
Quote from Jestersofmalice:

hehe. No need to be mean. I certainly wasn't bragging! :) I know that most here make 10k in a few hours, but the money wasn't the point of the post.

Stake size is trading 50-100 shares.

I only posted it because surf said he wanted to see at least 1000 trades in a statement.

I work full time - trading is my hobby on the side.

cheers
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Thanks jester. I take it your a book based scalper?

Nice trading, by the way. The Vig must be brutal- at that frequency.

surf
 
Quote from traderchi128:

Noninformed traders.....................LOL. I suppose guys like you and VN are informed. You, a guy who writes the occasional article , posts trades in a journal that in the long run lose money over time....and VN. The blow up artist. If guys like you and VN are informed call me uniformed !!!!
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Nah, academics would call us noise traders also

VN is a close associate of mine and I'm proud to call him a friend. Despite the blow ups, I'll put his overall record against anyone on this board. I'll bet very few don't get crushed by an order of magnitude. Does he have trading flaws/ issues -- sure, we all do. But overall, the guy remains one of the top speculators of all time.

surf
 
Quote from marketsurfer:

Nah, academics would call us noise traders also

VN is a close associate of mine and I'm proud to call him a friend. Despite the blow ups, I'll put his overall record against anyone on this board. I'll bet very few don't get crushed by an order of magnitude. Does he have trading flaws/ issues -- sure, we all do. But overall, the guy remains one of the top speculators of all time.

surf
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The greats don't blow-up, ever - they only have drawdowns and eventually retire while on top.
 
Quote from marketsurfer:

Nah, academics would call us noise traders also

VN is a close associate of mine and I'm proud to call him a friend. Despite the blow ups, I'll put his overall record against anyone on this board. I'll bet very few don't get crushed by an order of magnitude. Does he have trading flaws/ issues -- sure, we all do. But overall, the guy remains one of the top speculators of all time.

surf
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Sorry...but one who blows up twice doing the same exact thing will not go down in history as one of the greatest speculators of all time. Sure every great trader has drawdowns......but complete blow ups....TWICE......absolutely not.

He's a beyond intelligent guy, but a horrible trader.
 
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