This should be a "sticky". Nicely done lurefo.....but some folks just HAVE to be seperated from their money. Such is the world.
We have had 5 trades and one loss so far since I reported my system here. I have had excellent win rate and profit in this 5 trades. I agree that 5 trades is not enough to establish a high level of confidence in any system. But I invite to to stay tuned and just observe the performance. Don't listen to me or others just evaluate the signals for yourself.
LOL. Are you still following winborns trades? Fraud. Tip: Change aliases, post signals without making the snakeoil excuses (market noise, freak news event, fedspeak etc.), don't stick up for you alter ego as a new poster, and state up-front you are going to eventually sell the "signals" for those "getting it".
What is this talk of slippage? Now I know you're winborn, because you don't even know how a trade executes. Anyway, the only point of my post was to simply take the exact opposite of each of your calls, with a proper risk/ reward ratio, to show that something as simple as a proper risk/ reward ratio would beat your snake oil. I'll just check back in a few weeks and look at the results.
since you are here to help new folks............. Let's say I am new. Please explain signal 1 and 2. There seems to be a conflict. Do I sell at open or do I wait for it to go to 1175.75 and then sell at 1176.25? 1186.25 will be a signal for both signal # 1 and # 2, but the instructions contradict each other. Please try to explain to this newb before the opening bell. I know you are watching this thread by the second.
Ok, opened at 1178.25 so.............. Use signal 1 : SELL at market open (1178.25), tgt 1175.50, stop at 5.75 points (1184). We have a risk of 5.75 points. We have a reward of 2.75 points. Let's see how this plays out. Close.....touched the target of 1175.50, but would not have filled.
Ok, so now what? The target DID NOT get filled. The stop DID NOT get filled. What is a new trader looking for signals on an internet message board supposed to do now? The trade is IN THE RED. Edit: Damn internet GURU's, always around to post the teaser or make excuses while they post the next one, but never really around when the "client" (sheep / follower / lemming / sucker) has a question or problem. I guess we will turn this into a "buy and hold" since we are 2.25 points RED.
Signal #1 and #2 are two different signals. I do not see any conflict here. Signal #1 triggered today but #2 did not trigger. If they both triggered, you would enter #1 and once you exit, you would expect a pull back to enter # 2. This is how I trade them and I usually get a bit better than the signals. But how can I put the concept of a pull back into a number. 0.5 to 0.75 point is almost certain. But optimal pull back is really related to the price action at the time. Since I place this signals a day earlier, I can not predict the pull back with any acceptable confidence. So I pick a minimal pull back. As a trader you probably decide a better amount on the spot. I hope my reply was helpful and sorry to miss your question on time. BTW, I am not here to help newbies as you mentioned. I am here to share my signals and have a positive discussion about it, whether newbie or not. Anyone is welcome to look at them, understand them, discuss them, and see if we can make any improvement on them.
Then we can market you, sign up clueless newbies or desperate paper traders, and try, all the while convincing ET that we are not spammers...