Got a link for this post Darc? - posted the Chart in OP? Darc no likee the fitty ma? T-Line? I do. Here's why. https://elitetrader.com/et/threads/...t-right-here-baby.343012/page-29#post-5670583
Thanks Mon. I've got a lot of respect for your TA. Can I think about posting the link to this Dude. I may still need to interact with a few of his Associates, after the Wolves here tear him up lol
It's a type of TA but much mo simpler. It's PA, price action. PA's everywhere online for free. If it resonates with the way you want to trade, then help yourself. If not, then keep your eyes peeled, something out there will, if not already you got something. Whatever works for you on posting the link. If he's not the type to share his method AND you want to butter him up to try to get the inside skinny, then why would you post his link Garontee, he gonna get Flack up in his face, lol. I got no time to bother anybody about their trading style. If I like some of it, I test out whatever I can figure out about it and see what I can learn. maybe "incorporate" some of it into my toolbox. Attacking traders does nothin for me. I got no time for it, frankly. He wants to brag about pulling down frogs with a method, he gonna get plenty of feedback, lol. We got cats here that rag on other traders, AND claim to pull down frogs AND put up The Lamest Charts ya ever saw in a screenshot. Who needs that crap? So far only one person who's anti-rules based trading any way so again who cares about that. Believe none of what you hear man, half what you see, do your due diligence. Trade. Have a Homebrew. Eat right. Exercise. Rinse Repeat, lol. Oh, and don't waste time in the Politics cesspool of ET.
A guy who used to have a radio show/trading podcast said Stephen Bigalow tried his hand at managed trading accounts and lost his clients' money in short order. I can't verify it, but neither is there any proof that he or other candlestick "gurus" ever traded profitably themselves.
Bigalow was a stockbroker for 8 years. Went from there to real estate for a while but took the book that "somebody dropped on his desk" during his stock salesman days. He ended up where he is to day with a website and hundreds of youtube vids. Does he trade profitably? For my purpose, I don't care. For his family's sake, I hope so, lol. Do his setups have merit? This I do care about in a coldblooded fashion, lol. That's why the simple Bigalow plays, the ones that are the easiest to benchmark are worth my time to figure out. Those who are not rules based traders rely on the honesty and forthrightness of their information sources to an infantile extent in a business world that starts with "Buyer Beware". Did your mommy and daddy not teach you this as a kid? Did the world at large not teach you this yet? What's your game. The adult ungrown child pissed off because billy cheated?... all the while crying and pointing a finger at anybody who throws their set in the air. Immediately you hyenas converge with the same old song and dance, rarely if ever offering up your own work that logically demonstrates any conclusion beyond insults and inuendo. Whatever floats your boat, bud. Conclusive proof of swindle in the face of a few benchmarked setups? It would be called "life", ya take the good with the bad. Deal with it Skyler. Providing tons of free information for the taking on the most accessable system in the history of mankind that presents clear complete instructions on setups straightforwardly benchmarked by any swingin dick on the planet in the face of ridicule? It's called life. No good deed goes unpunished, lol. Bigalow? He knows how to deal with it wouldn't you suppose M.T. Do You? How do you extract cashola from miss market?
No need for all the rambling, insufferable verbiage. Just say "Yes, I admit I trade with some guru's methods even though there's not a shred of proof they outperform the the S&P 500 on a risk-adjusted basis." Problem solved and I'm not even selling any books, software or services! You're welcome.
LOL, based on any post you find of mine on ET, your logic is non-existent. Pathetic grasping at best. Benchmarked, setup/trigger pairs of PA setups is my brand. I gather the setups from all the usual places, books, online, interesting nothing at all from you, but that's neither here nor there. "Be be your own expert." kinda motto up in here. You wanna follow, or badmouth a content publisher? It's a free country, go head on. Honeybadger, he don't care. Your feeble attempt to put spin on something so simple as Benchmarked, setup/trigger pairs of PA setups flopped. Care to try again? Proceed. Your Go...
No, I decimated you in one short paragraph already. Provide account statements or 3rd-party audited performance for a significant time period (you or your gurus) or bust. Disjointed, team-of-consciousness fluff is worthless.
Defy human nature there you helpless little creature. Do the work yourself. Do your stats on any setups you intend to use. Take responsibility for your actions. Your mommy is not responsible for you. You are a big boy not, uh, now. Put on your big boy pants and take charge. You just projecting outward to compensate for the weakness you harbor in your own method. Not everyone needs validation from outside to decide whether or not to trade a method. Your Go
Chart in OP has some legitimacy imho but he's using a single time frame oscillator (weakly smoothed) with an oscillator value reflected over the trading prices, which instead of being a trailing indicator like an MA, it can be a leading indicator. But a single time frame is only going to work with certain markets at certain times. On the right track but a long way from being an all-purpose solution [imho].