hey didnt you lose 25 or 30% in the only trading contest you signed up for.. and isnt it true that in your time as an elite trader guru you claimed that you could extract 4 times the daily value trading? probably should let the replys come from real successful traders.. but seriously tho keep going its funnier than hell to hear you spit nonsense.. REFS: http://www.elitetrader.com/vb/showthread.php?s=&threadid=145035&highlight=jack+hershey http://www.elitetrader.com/vb/showthread.php?s=&threadid=159228&highlight=jack+hershey
Trader666 is the most extensive reference on the contest.* My bio, you cited, is something I wrote. It is not a set of claims and I am not a guru. My classification by NFA standards is "amateur"; I maintain that classification by responding to my IBs periodically as determine by the specific IB. It is SOP for me to review the web quarterly to eradicate the "bait and switch" activity that occasionally appears. I explained one of those occurances in your first reference. You may be measuring me by your standard. That is common and what people do. Your judgement of me helps other understand where you are in the spectrum. You may have noticed that in my post to the OP, I suggest that he work with people of like mind. I suggested to the OP that he use the market as a standard. You may want to consider using the market as a standard as well. It certainly will not harm you in any way that I know of. *some of the details include when it happened, the reading rules, the number of participants and how the contest continued to its end point. I found out the results via Trader666 some years later.
oh thanks for that... seriously tho your nonsense is funnier than hell. hey is it true you have a white pony tail?
Yes, both my beard and pony tail are white. I'll be 78 in a month, what color would you expect? Give feng some help why don't you? He has found out real trading on his platform doesn't give him reliable trading signals and he gets stopped out a lot because of being on the incorrect side of the market. (Very lagging system). He has asked a lot of, presumably as of yet, unanswered questions. Step up to the line and get him out of the trouble he created for himself.
I think you have gotten some good hints on here. To summarize: Why trade ES on 30 min or less bars? I'm not saying it can't be done well (Buzzy comes to mind...), but gee you are really going for the gold medal with that choice. I certainly would not want to attempt it short of being in the old pits where I could get order flow information. At any rate, I think traditional indicator systems are better suited to longer term trading. The reason why is found in analyzing the data. Some smarter people than I analyzed the data on various instruments and then found an applicable indicator that would allow them to take advantage of what they saw in the data. So if you are hell bent on trading ES 30 min bars, I would suggest analyzing the data. My guess is you'll find it is an epic mean-reverting instrument, and so moving average cross-overs and the like will be useless. I think a lot of newer guys want to say "I'm a Big Swinging D**** ES Trader". This is ego rearing up and this is a major, major problem. Are you out to prove something or do you want to make money? The two are often mutually exclusive in trading...
Wow i need to clear things up because people seem to think certain things that aren't the case and it just keeps snowballing. Firstly I don't trade off of 30 minute candles. It's just what i have put up. To be honest if I had it on 1 hour or 1 minute or anything in between, it wouldn't matter. Second. I do not use indicators. I've already said that twice. I don't use MA's or stochastics or fibonnaci even. k? I have volume, which I don't really use, and the candles. That's it. Seriously...third time I've said this. Stop masking assumptions and then making strong worded comments on them.