You sound like you know what you're talking about. Why not throw out a few before the fact live calls, just to show everyone that you can really trade and make a profit?
Yes. Ihave always followed a finite mathematics sytem for the operation of the markets. My goal is to take the full offer of the market. Historically, I began with stocks. At some point more instruments became available so I took advantage of the additional trading power by changing to faster fractals as the PC came into being and the printer was invented. There are many ways to make money in markets. CW type of people generally become limited by their belief systems. To fast track to any Holy Grail (HG) lifestyle is simple;to wit: 1. Begin to learn by doing drills. 2. Trade a leveraged instrument. 3. When your mind is built, then use a few lookup tables as you monitor your trading fractal and one faster fractal and one slower fractal. (A contextual vantage point) 4. Building from 1 contract to a HG lifestyle number of contracts (5 to 8, for 500k/yr) to support yourself. 5. On Fridays sweep excess capital and bank it 6. Compound contrcts all week. 7. Periodically review your lifestyle requirements and adjust upwards. 8. As weekly surpluses mount, give away capital to skilled problem solvers. As the OP asking the question, your question suffices to tell us of your limitations. They are as follows. 1. You do not have the ability or resources to do drills. 2. You will be in a state of anxiety, fear and anger that precludes doing anything that is leveraged. 3. Your mind has stuff in it that precludes you mind being able to organie your limited knowledge and skills into a reasoned spectrum that is systemmitally oriented. J(ust look at the attached log for doing bar-by-bar montiroing, analyiss, decison making and taking timely action. Lookup tables are used to fill in the columns.) 4. You should not consider setting up a trading account, since if you try to trade you will lose money and exhaust the account. 5. There is no way you can use trading income to support any lifestyle no matter how meager. 6. Losers cannot compound capital. 7. As a potential trader, you have a money orientation rather than a skill/knowledge orientation. If you have a job, follow the conventional path to retirement. 8. If you organize your time properly, you may be able to help others in your community.
I already made successful live calls right here on ET, using nothing but classical chart patterns (yes I do place non-mechanical trades once in a while), you can see them here: http://elitetrader.com/vb/showthread.php?t=280748 http://elitetrader.com/vb/showthread.php?t=280600 http://elitetrader.com/vb/showthread.php?t=280553 http://elitetrader.com/vb/showthread.php?t=279973 Currently I have a (still unconfirmed) buy signal on the CHF/JPY.
Buy signal on the CHF/JPY is now invalid, no trade was placed. This is why waiting for confirmation is so important in trading, it allows the trader to eliminate most losing trades right from the start.
Yep, I trade it each day, three separate methods blended into one timeframe, one/two/five minute bars timeframes depending on Futures' instrument. Very low losing percentages, average down on all signals. If you don't lose often, you should average down. Concentration should always been Money Management, a mixture of what to do BEFORE/AFTER you have gotten in. Took long time to understand that I should have spent 99% of my time on MM than how to enter.
Not really. The holy grail of trading is like the original Holy Grail: unobtainable. Anybody who thinks he has found the HG needs a reality check because he is just fooling himself. The holy grail is like the horizon: you can walk towards it but you'll never reach it.