Quote from porgie:
absolutely better Pin............if you take care of your health which I didn't.........for the first 60 i never had to go to a doctor for anything serious........no hospital.......no broken bones....everything great .........just had bad blood pressure problems......Mr Invincible had the big stroke........I am doing great.....my body is taken care of now and the little pill each day with a lot of excercise is my routine........plus 4 daughters and mama who say just what you guys do sometimes.......grouchy.......negative......fussy.....but always honest.......I jack with you guys a lot here but don't say things harmful to your trading on purpose........that is sinful..........the first rule is take all things here with a grain of salt....or several......... I truly hope each of you do very well in your trading...........I found all of my stuff on the 15 min chart.........it is all I say it is.......and has been for a long time..........
15 minute chart with a 5-10 point stop.
Unlikely 99% accuracy.
I think you are imagining things.
I have traded the 15 minute chart back and forth
while it is good for next 30-45-1 hour prediction
You will not have a 99% accuracy
espically with your two line shit
With a 5-10 point stop you need to enter maybe 1-5 point right after the trend.
Considering you use a 15 minute, you are always late by 5-10 points right there.
So there is very little possibility your ass won't be retraced and stop hit.
I did stats on my stuff, 65% accuracy right now, I trade on price action, volume, other indiciations,
Combine this with heavy chop sometimes, most of the non-hits are all chop.
You can not detect chop even in a less choppy down market where price moves fast.
Chop is even more in bull markets espically at the start of the trend where there is the lowest risk.
You also trade every single day
which means you do not pick out exact entry picking to warrant the 99% high success accuracy trades (tight range breakouts etc, day reversals). I could have a 75% accuracy if I traded once every 3-5 day.
Porgie, lock up your computer, I might go over there and snatch your hard drive just to check out that imaginary system.