As I said before, it's quite obvious to everyone you're a paper trader. If you stopped brown nosing for your Kool Aid supplier and started thinking with your own brain maybe you'd get somewhere. In the mean time I suggest you keep your day job at Burgerking.
Anyone who trades intraday for a living without using high frequency automation will tell you taking out 3 X daily range in any futures markets is an impossibility. Anyone who suggests otherwise without making an effort to prove it should be tarred and feathered in public.
I have a question: what's wrong with Grob's methods? I mean I read some of his threads and found a lot of really useful information that improved my trading, such as FTT thing for example. I don't trade his system, prefer things that I selected on my own, but some of Grob's points, since I know them (mostly those related to channels) often help me to avoid bad trades and/or anticipate trend change in advance. I don't care about 2X 3X 10X daily range stuff, actually I will be very proud of myself when I consistently make say 0.5X/day average consistently cause it will allow me to add at least one contract every month and grow very fast. Now I'm below this mark but even this allows for a very good growth. And I'm pretty sure that if I traded 50+ years I would find a way to extract much more per contract per day. So why attack him, maybe it's better to read his posts and just take something that seems useful? This is like modern Japanese social/business philosophy: you absolutely stay being yourself, but you always watch around to take and try to use all good ideas that appear. Some will work, some won't. And we all see that this way of thinking brings very sweet fruits, at least for Japan. And those countries which live in self-isolation and don't want to even think of adopting something from others... Well, who would like to live in Cuba or Belarus? Just an analogy...
I don't have a clue what you're talking about. If you're referring to our discussion on crude prices, these are my posts regarding crude prices. http://www.elitetrader.com/vb/showthread.php?s=&threadid=76287&perpage=6&pagenumber=4 Absolutely! Slowdown in the US economy means slowdown in global economy. Less demand for crude. Recent crude price deflation is also partly because peak seasonal demand in the US is over. And after $55.00, the rest of the move up was a technical rally the pricing of which was entirely speculative ( current and future global risk to production ). If Iran issue is resolved, current crude price will deflate more since storage capacity is nearing maxmimum. Rising storage costs will eliminate contango. Therefore the logical conclusion to keep prices high for the benefit of the oilmen is an Invasion of Iran, which is imminent in the next few months. http://elitetrader.com/vb/showthread.php?s=&threadid=73234&perpage=6&pagenumber=18 <a href="http://imageshack.us"><img src="http://img142.imageshack.us/img142/4026/crudeir5.gif" border="0" alt="Image Hosted by ImageShack.us" /></a>
That doesn't seem to make sense from a logistical or technical point. 1. I doubt if the President wants to hand over WWIII to his successor. 2. It may be better for you to stick to watching Bloomberg TV, rather than all the other "shit stirring" media, who are only interested in their rating. 3. It isn't in the US interest to have high oil prices, and certainly in the GOP's to keep oil prices down to a minimum for re-election 4. A great majority of oil production possibly over 90% is outside US control, and so is the price of oil 5. Because of US sanctions on Iran, the US has nothing to do with Iran or its oil supply 6. Technically and logistically, it is impossible to go to war with Iran, and in such a short time. Conclusion: so your statement is completely illogical. Sounds like a Democrat drive to win election votes, because they realize that low oil prices are to the GOP advantage, and so is a peaceful Middle-East.
borrowing from JH: you are harping about ideas that you cannot process or understand simply because you apply the (a) paradigm you believe to a different paradigm that you are not aware of nor condone. ;-)
You have your nose so far up KAKs ass you'll need this!! <a href="http://imageshack.us"><img src="http://img227.imageshack.us/img227/1844/tprd0.gif" border="0" alt="Image Hosted by ImageShack.us" /></a> As I mentioned before, instead of regurgitating what others write, trying thinking for yourself. In the meantime stick to flipping burgers! LOL!
ok, ok, let me put the statement in another way: bsmeter cannot make 0.5x daily range in any futures market. I have not made an effort to prove it. If you tell me I am wrong, I am willing to be tarred and feathered in public. ;-)>
Cmon,people, I think Steve is a complete creep over comments he made about the late croc hunter Steve Irwin. But if the guy wants to say he lost family in 9-11 whats it going to hurt to take his word for it. God will deal with him if he's lying. I'm not going to question it, as a matter of fact I hope he is lying so that he didn't really lose loved ones.