There was a fellow here named FastTrader, but he is not trading any longer, that resembles your trading, illiquid. You might search his handle to see what he discovered, if anything. Michael B.
Illiqid, This was a good read..thanks (and all this time, I think I have been trying to "disconnect" with the market )
"Recently, Citigroup fired it's entire Technical Analysis staff. I just wish that someone, for the sake of science, would step up and say, I look at lines on my screen and I make money consistantly and I am willing to prove it." yadda yadda yadda.. Please step into my office Regarding the original question: With exits stick to what made you enter. Suppose we're talking s/r's here. you entered on support, don't exit the market until resistance. but don't exit before resistance except when the market tells you it is not gonna break resistance. when it breaks resistance, use that previous resistance as a new point for stoploss and exit either at that point, or at new resistance. etc.
If you are serious, I am a willing agent in verifying your results. Let me know how we should proceed in proving that you make a living trading using solely technical analysis of the markets intra day. Like I said, I wish someone would step up and settle this once and for all. All the studies I have seen are negative. nitro
I have nothing to gain in such an endeavor.. i don't want to sell something. but i am sure there are other's out there willing to step up.
Well, Then why say to "step into your office?" Why quote exactly that challenge I make, which you accept, and which by backing away now makes you a liar ? Let the others step up if they will. Clearly you are not. nitro
my "offer" was just a statement i wanted to make, i wasn't serious. and secondly, Dan Zanger's results got accounted for, and he trades with "TA" so why would you go and do the effort again? sure we can arrange something if it's worth something to you, but i don't really see it.. edit. not to mention several "market wizards" who trade on nothing but "TA". I paraphrased TA, because there's so many kinds.
So now you are quoting someone else's results, not yours. OK, I see where you are coming from now. If Dan Zanger reads the post I made, and he wants to step up, he will. If he does not, he won't. But what does Dan Zager have to do with you? Why are you interested in making non serious statements about what others take seriously? nitro
why not make it a big media-event. lock me up in a room with only esignal, no news.. I can only trade outrights, no spreading, only directional trading. if i outperform the s&p considerably after a year, i get a million. how about that? now i have something to gain, and nothing to lose, because i know i could do it..