In an attempt to trick the uploader... I'm pasting the image that I wanted to show a few days ago onto a word document. The first illustration refers to a fake triangle breakout to upside. Notice how hard it breaks down after it passes the entry to the other side of the triangle. The second illustration is to show that sometimes you have got to admit that you lost a trend and you have to wait for the pullback. If the trend comes back in to give you another chance, odds are that the backing and filling is going to lead to consolidation or a reversal. So... pull your order and wait for another opportunity.
What Anek posts as a P&L is in know way related to the integrity of the thread. The only P&L that matters is your own !!! The early pages of this thread provide eneough information to consistantly take money out of the markets.
He never claimed to make a million a month.....he has some huge win days over 40, 50k+ etc, then some 'normal' days probably between 2 - 10k and then some small losing days every now and then. He has stated this many times. Every month we have some chop days which he will either take a small loss on or small gain, some normal days where he will do OK, and then he breaks the bank on the trend days where he adds to his winners. I am not sure why this is so hard to believe for some people Anyway, like someone said already, no matter what you believe about his PnL the one thing that is crystal clear is that Anek has devoted many hours of his time, almost daily, to help other traders out, just read through and look at his posts here with charts and quick responses to questions asked of him and you will soon realize that he had one goal in mind, to help other traders PERIOD. Don't worry be happy Cheers
Ditto Razor!!! I think we are seeing some of that bad psychology here, that many people, not just traders, can never surpass. They remain losers because of their own faults and the only way they can deal with this is try to bring others down, since they are failures at bring themselves up. Nothing new. Just no place for it here.
Just a follow-up to my prior post of inquiry, if I may. It seems to have raised some animosity. That was not my intent. My inquiry on page 467 of this thread was respectful and genuine. However, I have two observations regarding the subsequent response from some of the posters, none of whom were addressed in my post. First, I note the immediate defensive response, as though the subject of my inquiry was a delicate and fragile figurine that needed protecting. Second, I'm surprised that those of you who are following Anekdoten's method are not at least as curious as I am. If I were following his method, which I am not, then I would likely be even more inquisitive. Why do mere questions pose such threats to some of you? Is this a business? Or is it a religion, where you can only ask so much before it starts to unravel before your eyes, so that you have to keep the hard questions at bay? I'm not implying that Anekdoten and his methods fall under this latter category, however, some of you are behaving as though they do. Where is your own natural curiosity?
Folks, There was a specific thread setup for these types of discussions long before Anek started this thread. I just can't think of a better place to post such questions and debates outside that other thread that has been occurring after Anek announced he was going to take a break from trading and a break from sharing his methodology. Simply, to prevent trashing his thread any further with the arguments... Please take your discussion to the thread designated for such at the below link. http://www.elitetrader.com/vb/showthread.php?s=&threadid=101845 As a reminder, once Anek returns or a moderator gets involved after receiving a few complaints... Further, you all know your posts are going to be deleted and/or this thread will be closed. Therefore, you may as well start posting in an area where your words will remain intact long after this thread has concluded. Thus, nobody is trying to silence the questions concerning his P/L statements that were posted elsewhere by him... I'm just trying to inform those with questions that this thread isn't designated for such. Mark
This system is very enlightening. It has helped my trading immensely. the logic of it strikes home. What is Anek's PnL? Who cares. To satisfy my curiosity is how well the system works for me. We all know the posters who are trying to sabotage the thread. And we can all recognize the new ones. Let's IGNORE them. Please, please ignore them. -Tech
The thread you linked is entitled "p/l thread 2007 skeptics and detractors." Why would my inquiry fall under either category? Why would my question not be relevant in the very thread where Anekdoten has outlined his method since it pertains to his performance using that very method? Would the information I requested not be of any value to those members who are following his approach? All I was looking for was a few sentences from Anekdoten in due course. Instead, I'm being told by just about everyone else how inappropriate my request is. Indeed, please excuse all of my inappropriate and unnecessary clutter.
Question on the close plus 1 tick for entry ln a break out. If the previous high is exceeded, but then pulls back leaving the wick higher, does that wick then become the high to be exceeded for a new closing high, since it has run all the stops up to that level or do you still just wait for a close above the previous high which may then be lower than the earlier wick?
As someone has already stated, these methods are nothing knew. Hypothetically if Anek didn't make a dime, the stuff that he is teaching really works and he isn't asking for anything from anyone. He isn't teaching a magical method, he isn't selling a system. His purpose was to prove that trend following and price is all you need. He has done that. His p/l is irrelevant. Anyone who has traded successfully knows that this stuff works. If you guys are really questioning the validity of the methods, you guys might want to look at your own results and maybe start following the thread. No one here worships Anek. However, for you to come and shit on someones thread who has helped others immensely and asked for nothing in return is just not understandable in the least bit. You guys must have problems of your own. Questioning his validity and trashing Anek are 2 seperate things. You guys have made your points and are simply sticking around to ruin the thread.