Would you please mark the chart showing entries, exits, stop placement, and how the indicator played into the setup. Drawing a vertical line through a bar doesn't "prove" anything. I don't recall having made any mention of my abilities of efficiency, or are you just trying to place the onus back onto me and hope no one would notice? If I did say that, I will apologize in advance for having said. If I didn't, you have some explaining to do. For the record, if I have it correct, you were in a fee-based room recently for guidance, then started a thread as a headmaster wanting to share your simple method, you post charts chock full of indicators, then claim you don't need indicators, continually change your methods throughout the thread, and when questioned about your entries, you pull out a mystical indicator that you say you have been using all along. My question is, if you have this marvelous indicator, why did you need to subscribe to a fee based room for guidance, and why did you use all the canned indicators for your entries and exits when you began this thread? And please do not backpedal, as you said many times you used the stochastic to enter the trade and HA to exit. So to reiterate, why didn't you use the home brewed indicator then. It's a logical question for the curious minded. Truly no offense intended, but the whole scenario comes across as being a bit on the smelly side. Personally, I believe you are a quick study and fast on your feet. But, leaving your emotions and ego out of the equation, the questions as posed are of your own doing and are not without merit if you are going to lead people. Care to elaborate? As as side note, this isn't about who is the best trader, who has the best methods, biggest ego, or any of the other nonsense being posted in your honor. It's about integrity. When people become angry, it's usually because they are hiding something. I sincerely hope this isn't the case, as I would like to see this thread prosper. But as I stated previously, please keep it honest. As I said earlier this week, I will be away until the second week of September. Hopefully, everyone will have calmed down by then! st
ST, It was nice to hear that you have had the same chart setup and methodology for several years without change, very inspirational. I like most others tend to take a look at various ideas and experiment all the time. Not that I would trade those changes, just taking a looksee for that better mousetrap. On the 10000V chart, I find myself getting itchy, but I trade while I do my "real" job and miss a lot on faster charts. The way you and A trade is fractal in nature and the timeframe should not matter, just having the right mindset, which I am working dilligently on. Thanks to all.
ST, I feel like I'm being judged, kind of sucks, after all the work in the journal. I will try to answer all your questions to the best of my abilities. - Determine the trend, enter on 1st row of dot that agrees with it, exit on change. Vertical line is entry, change of color is exit, very simple. - Efficiency, you said an indicator could not improve PA analysis, I said a computer could help you analyze this faster due to speed and memory. You demanded proof, I presented it, if you can do better than that, my hat is off to you. - I joined a fee based futures only room because I knew nothing about futures. My background had been equities, although successfully for many years. My performance and contribution to the room was pretty obvious. As far as the fees due to countless referrals, I ended up receiving payments from the service instead of making payments, I still do, without even being a part of it anymore, very nice of them. I realized I had no business left in the room, was clearly in another league and decided to leave, easy to verify this. At some point I was even hinted if I was somehow interested in assisting even joining the team, I respectfully refused as I chose daytrading as a profession for many reasons. Who the hell wants customers, rigorous schedules, etc. - I stopped using "canned" indicators a long time ago but before the proprietary stuff was finished, that's what I used. If I made it a mistake by introducing them, it was not intentional. Notice how slowly I have been "deleting" them myself to see if subconsciously, readers to the same. I still fee HA bars are of value to them but in the end, it's not yours or my choice, it's theirs. - With Price Action, I get killer entries and killer exits, with PA indicators even better, I felt I had some explaining to do which is why I decided to reveal them. Got numerous PMs due to this. Again, if I made a mistake by revealing them it was not intentional. Somehow I knew this would lead to confusion but I hated "hiding" stuff. - Anger, I did not get angry but I sure did not appreciate your "tone" when voicing your opinions. I'm not charging here, I'm not Oscar Carboni you know, thank God. Once again I remind you that EVERYTHING I use is a summary of Price Action and Price Action alone, computed in a way that is more efficient for the naked eye. It is by no means a requirement, something I said all alone since the introduction, it just makes you faster (not faster than price, just faster in terms of reactions), more efficient. This thread is not about if Anek can trade, this thread is about Anek helping people become better traders and I believe I have accomplished that with a lot of people, judging from the dozens of PMs I get on a daily basis. Funny enough I have yet to read from someone say "hey man my trading is worse now, you evil man". Now, that I have explained everything to the best of my abilities I respectfully request that you stop breaking my balls and lay off the personal attacks and suspicious assumptions. Stick to trading. Thank you. Anek
hi st and anek, can you please point me to some websites or books where we can see more example of this PA. i looked at surinotes , some what helpful will see if i can get a copy of his book... also tradethemarket does lot of PA stuff like trend indicators which are price action based and good stuff.. will check puretick to see if i can get anything..
Bill, Save your money and invest time instead of dollars into screen time. I'm not joking either Anek
Just caught up on recent posts. Just wanted to say I appreciate Anek's honesty and can understand ST's attitude. A person can get pretty jaded with all the BS threads and egos on ET. I have read all of Anek's and ST's posts on ET and they have really changed my thinking and attitude and I respect both of them. So some may disagree on things like using an indicator or two which supports trend retracements or using different charts, exits, etc. , as long as we all agree that PRICE ACTION is KING!!!! and we strive towards that, then we are light years ahead of most on ET.
As one of the people alluded to by Stealth, I am a one or two post guy who pmmed him. In my defence Ill post more when I think I can add value but unfortunately I am not that skilled yet. I would like to say that what Anek has shared is of value and some solid ideas can be taken from it. But I have been a little stumped by the rapid use and throw of indicators. As for Stealth while he might be annoyed with people who pm him he was more than generous in sharing his market internal detailsl. His style is harder without indicators but i guess its less tweaking in the end once your brain gets good at pattern recognition. BTW stealth why changing 10k bars to 5k in your example? I guess you get more swing highs and lows to enter. Also I am curious what are the number of bars you use to get your pesavento labels. I am fiddling with 3. I think its a great thread. After going through most of Stealth's public posts it looks like he finds it tough to let go. The one good thing about an anonymous thread is that your name isnt really attached to your handle so ego shouldnt even exist. cheers SS