my humble apology to everyone for taking so much time and space here just to respond to wrbtrader. perhaps, wrbtrader would honor us in similar manners, to show us what he has been doing trading wise, so we might perhaps learn something valuable from his vast trading experiences as well.... with anticipation.... the floor is your wrbtrader.... on the other hand, it is perfectly alright, if you can not spare the time. most traders are super busy any way. cheers everyone.
excellent performance first week of july. Can you provide same screenshots for week ending today to remove cherry-picking suspicion and gain further credibility ?
Maybe there's a "language" barrier here causing difficulties between you and I after made my reply less than two paragraphs instead of a long winded message reply. Therefore, I'll try it again with a little more information. You showed up in this thread and made a commentary that was not clear to me although maybe clear to others. I then responded to you via asking questions for you to reply to clarify what you were "requesting". Thus, I was under the impression you were asking a question but possibly intentionally being sarcastic. Yet, before I re-organize my questions for you, I made no assessment of your trading abilities because I do not know you beyond seeing you join in conversations in other folks education threads and seeing you get interested in learning whatever the OP of those threads was teaching. Context of this thread. You have showed up in Chimera's thread that is not about him teaching. He made a commentary that trading is gambling. The thread has then turn into why ET gurus do not post live calls when it has been shown they have posted live calls and some continue to do so here at ET beyond a few months. In addition, it was revealed by me that just because an ET guru has posted live calls in the past...that ET guru is not required to post live calls again whenever a new member shows up and request such under the facade its never been done before. Thus, I'm not sure which of the above you have an issue with...the original statement by Chimera or the changed topic about why "some" ET gurus not wanting to continue posting live calls whenever someone new shows up. This is the context of the thread. Instead of you answering the questions...you have intentionally chosen to post recent trade information without answering the questions. Therefore, I'll repeat my questions differently just in case my English is poor. 1) The threads you participated in the past (e.g. A simple price action approach by Metal)...did those threads provide you with enough information that you walked away with knowledge you didn't have before about whatever you were trading ? 2) Do you need links to other educational threads that may be able to help you with your trading or where you looking for a two paragraph or less statement that will give you a edge considering Chimera has stated there is no edge and that its just gambling. I've already stated in this thread along with providing direct links as proof that there are folks that do post live trades, do post broker statements. The issue, as I noted, some of them do not discuss the details of their trade method and they have decided (their choice) to not educate anyone. Oddly, that offends people. Therefore, there seems to be three types of traders you and I are talking about. 1) Traders do post live calls and/or broker statements but provides no education. 2) Traders do post education but provides no live calls nor broker statements. 3) Only a few have done 1) and 2)...they've been label as ET gurus. Thus, if that's what your saying...we are in agreement. It's already been establish that such threads do exist. The issue is that those threads may not be of interest to you for whatever reason. For example, maybe a trader is trading futures and the thread is about options. Another thread is about stocks and the trader is trading options. Simply, just because you don't have interest in a thread that does have the SEE and HEAR...doesn't mean it doesn't exist. The threads I've seen here with the SEE and HEAR have not been of interest to me. Thus, I wasn't interested in learning anything from it. Yet, I'm not going to pretend such doesn't exist just because its a type of trading I'm not interested in. Yep, that's true. By the way, there are not many successful traders out there and the numbers of folks actually trading has declined since the 2008 financial collapse accordingly to some broker customer stats I recently heard about. In contrast, only a small percentage of traders are successful but you and I may have different definitions of what the word successful means. Yet, I think I know what you meant. You think the few successful traders out there do not spare another minute to document what they do except for their own paying audience. That's a topic changer statement and I think your talking about vendors. Lets first talk about ET gurus which is what I thought this conversation was about but you seem to by trying to change it into another topic. The successful ET members that have proven their success with broker statements (e.g. Lescor) are under no obligation to education you and I about their trade methods. They either don't have the time or don't want to bother doing such at a poorly moderated forum like Elitetrader.com Lets now talk about vendors. They are not allowed to discuss their methods here at ET because Baron has openly stated many times its cloak advertising as a none sponsor and these types of members will be banned. In fact, a few vendors (e.g. Tony Oz) have shown up at ET in the past and discussed their methods along with showing proof with broker statements...eventually they were ran out of town as in forced to leave ET. There's been others but you may not have been here long enough to know about them. Anyways, my point is that ET members that educate and none sponsoring vendors that educate...Elitetrader.com poor moderating is not suitable for proper classroom atmosphere. You'll see me tell these folks good luck with that and recommend to them that its better to just do such in your own backyard via a blog, Youtube, facebook or website for better crowd control when the jerks show up. Seriously, the jerks (e.g. marketsurfer) will show up to troll and attempt to derail what any educator has to say (ET is proof of such).
This is not an education thread. Chimera (thread starter) has already establish what the floor is in this thread although a few have changed the topic from gambling versus edge into a topic about ET gurus. Your attempt to turn this thread into something else is not well received by me. I already seen how you responded in the past in other peoples threads that posted broker statements without any explanation of the method behind the trade even though you do the same thing. You reacted as if you were offended. I've also seen how you responded in the past in other peoples thread when they gave in-depth strategy details with tons of chart explanation without any proof of trading...many readers of those threads said they understood the method being taught while you continue the "I don't understand" commentary to those particular ET gurus. Simply, your attempt to change to topic into another thread about what ET educators have not done for you doesn't sit too well with me especially since I'm already aware of your posting history here at ET. If you don't understand what I'm saying, I'll explain it in a way that you are well known for tossing to others here at ET. Please explain the details of your trades in your six posted broker statements. Thus, provide in-depth strategy information with lots of charts of each trade to educate me and others about how you did it. If you don't have the time & energy to do such, I will understand if you can not spare the time. Yet, if you do cater to my request and if I still don't get it...please do not be upset with me. Also, can you do live calls for us to show that you practice what you preach regardless to the fact that you have already done such in the past. Your live calls will help with my learning curve. It would also be helpful if you could post Youtube videos too, greatly appreciated in advance. By the way, if your detailed explanation is too long, I may request you to shorten your explanation into two paragraphs or less. Sincerely interested in your trade approach and I'll have no negative reaction if you're not able to do such for me.
Truth be known: Watching price moves 'within' the bars period (5min) will eliminate any need to follow volume because those movements tell you who was in control and butt spanking the other guy.....Also, if one gets a good read of price moves 'within' the 5m bar there is no sense looking at a 1min bar, peeking at a 1m bar is a distraction from the 5m. I assure you, if reading the 5m correctly, you can be AHEAD of the 1m bar. A well developed trader watching price moves taking place is innately visualizing what is "COMING NEXT" and digesting the INFORMATION being delivered in order to make his/her next trade/exit based on that and that information only (unless he/she is determined to either let the max stop get tagged and/or let it ride to targeted exit). There will be nothing printed in the 1m bars that has not already been seen as the action in the 5m unfolds in real time. Watching the dom is a joke at best, the dom has about as much relevance to profits as a commercial has to a great movie........just useless dribble until the action returns in what really matters. How the trade is finessed once filled is what makes the whole process gel. All of the proper ingredients, right temperature and watchful eye will go to waste if one does not stir correctly. PS: No, I am not picking on nodoji and her using the 1m chart, PSS: Let us change laws so we can eliminate these flying rats once and for all http://icwdm.org/handbook/birds/Gulls.asp
from wrbtrader:[/i] Maybe there's a "language" barrier here.... Therefore, I'll try it again with a little more information.... ------------------------------ @wrbtrader firstly, i really do not know who you are, nor what relationships you maintain with et here, nor what you do professionally.... but i do feel from your last post above that it must be a tough job without much thanks nor appreciation. therefore, i really do want to apologize to you and host of other members to have taken up so much time and space here.... for those who have been trading for a while, there really is no reason not to pitch in and help those seeking a smoother path to trading successfully, consistently and profitably, even though many are more than unreasonably demanding and all.... it is only to such end that i responded without any malice nor ill intent. if it has demuddled, confused, misunderstood or misdirected anyone, particularly wrbtrader, my humble apology, alright? happy trading everyone.
thx for your response. perhaps, it might come as a major surprise to many noviced and experienced traders alike that there are a small group of traders who do not favor trading all day long. furthermore, within these small groups, they are those who only trade for a few hours till noonish or so, depending on the volatility. personally, i consider trying to trade all day and every trading day around the calendar as akin to self-destructing or self-mutilating, dying a slow death.... for majority of traders. just a devious personal feeling, K? it is just virtually humanly impossible for any trader to stay focus 100% or so for 6 hrs period, day in and day out.... and remains consistently profitable at the same time.... i must confess, i am not able to maintain such level of trading at all. but for those who could, my highest esteem and adulation to each and everyone of those exceptional traders, and from the bottom of my heart as well. normally, i only trade 2 or 3 days a week leaving shabbat shalom (friday evening to saturday evening) and weekends for family affairs and such. when you trade live, you need to answer to no one, except yourself. it is unlike going to school where you have to maintain a minimum of everything to receive a passing grade. it is definitely not so in trading with your own capital. if a trader needs to trade everyday to meet minimum performance standards set by oneself or whoever, you'd better take a good look at your own trading setups again...K? i'd better stop here before offending anyone along the way. yes, toolazy, i'll try to remember to capture some screen shots next week NOT TO PROVE ANYTHING ABOUT ANYTHING, ok? but for personal pleasurable viewing only, K? thx much again for all your time and patience. and my humble apology to any who felt offended in any slighted way.... too. happy and safe wkend everyone. cheers.
That anyone accepts these "screenshots" and charts as evidence of success, much less proof, is indicative of why so many traders fail and why vendors continue to rake it in. A few years ago, you would hear a sound, the sound of me banging my head against the wall. But I'm over all of that now and have accepted the fact that people are gonna do what they're gonna do, and one can do little more than find a comfortable spot off to the side somewhere and watch it all go. And lest anyone think that I'm picking on nakachalet, if Mark were to respond in kind that would prove nothing either. This sort of "evidence" is absolutely useless, and those who don't understand why really ought to grant power-of-attorney to somebody and let him/her assume responsibility for all financial decisions.