Cx, Even if you use tick/volume bars you still got time in the bottom as reference, maybe that helps. As much as it kills the excitement I would follow this path first: - Paper/Sim - Minimal Car Size - Minimal Car Increment Only take the next step if you see profitability, if profitability fades away, go back a step, no exceptions. I know it is now what you want to hear but it's what I wish someone had told me when I first started daytrading. Anek
Gee, was it something I said???? I take it that is a no on the signed book? Booger, I was so looking forward to it. st P.S. For someone who keeps claiming not to like indicators, you sure get riled at the mere mention of them!
Trolling????? Me????? You guys throw this stuff in my lap, no need to go looking for it! Regardless of what you may think, I am actually on Anek's side and support his cause. Let's just keep it real. st
Take a poll, ask the readers. Personally, I think you are full of it. I use personal tools to enhance the trading. I've always said it will never be a requirement. Tell you what, please leave my journal, I no longer welcome you here. Anek
Alright everyone, No need to have this thread start to sound like the rest of them on this site. Anek I still think you're the man for doing what you're doing, and ST you're probably a better trader than most of us, but no need to break the guys balls lets all just move on, and focus on making some loot ! Razor, Question for you. You said you risked .75 for a potential upside of 3 points and you ended up making 4.25, How did you figure this potential upside, would you mind showing on a chart or possibly explaining. Thanks Man.
Actually it's exactly what I want to hear. I believe what I plan on doing will be papertrading for the most part in the beginning, and then taking minimal car size trades when the setup is strong. The actual trades will be what covers all of the platform fees anyway Thanks for the input as always! ~Cx P.S. Nice move @2pm ==> lots of chances to get in. Anyone catch some of that ?
Prepare yourself psychologically for when a failure pattern, fails. When this happens you adapt FAST and you do not let go. Small loss, adapt, ride the new trend/winner to kingdom come. Explanation attached. Anek
And the mud starts flying.....I knew it eventually would...just didn't know from whom.... Stealth Trader: It's not what you said...it's how you said it..... Anek: The "secret indicator" on your chart has also been bothering me as well.....fwiw..it's probably not a good idea to post on your chart an indicator which you can not share...it's just causing confusion.... Other than that...let's get this thread back on track...... Let's KISS and make up
Of course you are free to believe what you want, but I have not changed my strategy or chart layout one iota since implementing it several years back. You on the other hand, preach price action without the need for indicators, yet cling to them like bark to a tree. There's no denying you have been shedding most of them as you discover they simply do not enhance your trading, precisely what I have said all along, but nice spin. At the beginning of the thread: http://www.elitetrader.com/vb/attachment.php?s=&postid=1537294 You are currently down to nothing but a naked bar chart, but still clinging to some magical indicator. There may be hope yet! http://www.elitetrader.com/vb/attachment.php?s=&postid=1585464 I am a great believer in expanding ones horizons, but constantly changing everything on your charts and trying everything that comes down the pike is not conducive to helping others learn; that was your purpose here, was it not? In fact, it tells me you are not sure of yourself or are still struggling. That's not a negative comment, as we are always learning as we go. Many on ET are still glassy eyed and want to believe the holy grail actually exists. They want to believe you really do have some magical method that lights your path. You are doing them a disservice saying you are trading using price action, and you are going to teach them how, and then reveal in a boasting manner about how you have this mystical indicator that you can't reveal. When I called you out on it, only after you made asinine insinuations I might add, you sidestepped the issue. I posted a hypothetical chart marked with various entries and asked you to show how your indicator would improve on those. Instead, you cut and paste some idiotic red dots void of explanation and instead started with the insinuations again. Actually marking a chart showing where and how your indicator helps make better entries would have been more beneficial to your followers and would have put me in my place. Seems you were unable to do that though. Of course, you don't have to prove anything to anyone, nor do I. But it does put a smell of bull$hit in the air when you make statements and then won't back them up. Your insinuations this morning were uncalled for, and had they not been said, I would have dropped this thread and moved on at some point. The only reason I began posting again recently is because I was receiving so many PM's, many questioning your methods. I replied back to each and everyone and said I did not want to be counterproductive or confuse anyone by going against what you were teaching, but I did answer what I thought was right privately. Bottom line, you poke me, I poke back. Spread bull$hit, and I'll call you out on it. There is an ignore button some where, I'm sure someone will be glad to point it out to you. st