An open invitation to the hot shots of ET

Discussion in 'Trading' started by Anekdoten, Oct 8, 2007.

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  1. An open invitation

    With so many traders claiming good fortune on a board that severely lacks good substance but is abundant on odor I encourage the hot shots of
    the board, you know who you are, to stop talking the talk and delivering something with essence to the forums on this post. Even if you have done so in the past, let's compile it right here, and if it yours, feel free to take credit for it.

    I'm not asking for you to share your most inner trading secrets but how about one good setup. Just one, I'm sure if you are such a hot shot
    helping the community with one solid setup will not diminish your wonderful returns.

    It's a respectful invitation to a party, let's see whose mature enough to show up and dance instead of trashing it.

    This is for the sake of the trading community so let's see if we can gather some great ideas and see how elite we really are. This is your chance to redeem yourself as a good trader and not a bad trader but a good asshole.

    Snake Oil salesman are killed on sigh on this board so let's not praise the word in underwear and do it right, for free!

    Moderators I kindly ask that you assist in keeping this discussion clean and productive.

    The ball is on your side of the court.

    Thank you for reading.

  2. first!
  3. You're asking people to give up their $ for nothing.

    I'm sorry, but you'd have to put $50mill in my pocket to share anything.
  4. Mschey,

    Thanks for the first dance :)

    I'm sure most of you are aware of the M top and W bottom formations.

    They represent reversals with small risk and decent rewards.

    Well, the fact that M formations at the very bottom rarely form and W formations at the very top rarely form sparked the following idea.

    Search for the rarest patterns in trading and trade logically against them efficiently eliminating one of the possibilities.

    Why ? Because when we have half of an extremely rare pattern formed we have a pretty good idea of where price will probably not go first when it's about to complete itself.

    Now, you go.


  5. I think he has done a lot for those who are at the beginning of this craft. :D
  6. Yes, I'm trying to make it a better community and we both know one setup or idea won't kill a hot shot trader.

    Think of it as Karma.

    Now you can dance or go back to counting your money.

  7. intraday ascending/decending and symetrical triangle breakouts on the 1 and 5 minute charts of the big movers. Volume to verify a breakout and an eye on S/R.

    The more I use it, the less indicators are needed.

    That pretty much keeps me from the first 30 minutes of trading, but the r/r is working for me and scaling in is productive.

    The more I learn, the less things I use to cloud my mind.

    Good thread. Let's hope it stays clean.
  8. I'll do the latter.

    BTW, you're looking down the wrong rabbit hole.
  9. A busted pattern on the above is even higher probability.

    Sorry if this seems a little elementary, but I'll take my steady profits.
  10. I have heard that shorting the stocks that gap up works well.

    Try doing that and see what happens.

    LDK last Thursday was a good example.
    #10     Oct 8, 2007
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