As a reminder, this thread is started by Chimera. It is not started by me nor is this thread about me nor is this an education thread. I simply asked you a few questions as a reply about your knowledge gained or not gained from past education threads you've participated with because you implied there was something lacking in those past threads. No apology needed by you...just that there's an understanding that there's a misunderstanding about ET members obligation to other ET members concerning education. ...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... I strongly disagree with you about your above statement. Traders at ET do have reasons for not sharing at this forum and I'll give you several reasons: 1) This forum is not well moderated to control the trolls. 2) Education threads here take up too much time & energy mainly due to the nature of the forum itself. Often causing time conflicts in ones own trading. 3) Most will get it. The few that don't get it...some of them will then turn around and openly bash the thread starter for not being clearer to help them understand. 4) Some edges should not be shared while others can be shared. It depends upon the method. 5) This is a public forum that allows ANYONE to join and threads are not allowed to be self-moderated. Therefore, if you share something useful, you'll also be sharing useful information to those traders that have been jerks to you in the past. 6) Some will take your information, post it elsewhere and call it there's without giving you any credit. 7) Some info is copyright protected. Forum owners are under legal obligation to remove such content when shared without permission of the owner of the info. Don't misunderstand. I'm not against sharing. The issue is the location of the sharing. If someone truly wants to share education trading information, I believe they can better do such in their own back yard so that they'll have more control. They can create their own free forum, own free chat room, own free blog, own free facebook account, own free website...their own social network without spending a single penny without the hassles one gets when sharing at a forum like Elitetrader.com Thus, I truly believe is the reason why most ET members just share generalities while a few do the in-depth education stuff to only regret doing such at a later date. Anyways, nobody is under any contract with Baron to share anything with other ET members when they join this forum unless I missed that memo. The nature of trading itself is an independent adventure. Sharing what one does is often in conflict with why many get involved with trading in the first place. Trading is not a happy hold hands and sing songs fun day. Folks are trying to make money with their hard earned cash and that in itself means to do such you'll need to take money from someone and not care about who was on the other side of your profitable trade...kind'uv Darwinism like environment. We just don't get the opportunity to shake hands with our opponent at the end of the trading day to show good sportsmanship as if it was a sporting event. If we did have that opportunity to see those on the other side of our trades at the end of the day...I'm convince many will get gunned down (seriously)...something about what money does to some folks. P.S. My old man once shot a burglar that enter our house in the middle of the night to steal from us or worst. He was simply controlling what was being "shared" in his own house.
Your screen shot of the chart was great, but it would be really helpful for those of us who've never even looked at a "renko" if you could post some live calls next week during a one- or two-hour time window so we can follow along and see how you work with it. Just a quick post for each trade with entry and stop would be great. Please let us know where and when we can see this really cool edge in action
Speaking of having a so-called edge, it just might be something like this: Once filled, the profit objective is meaningless, your worries about making a sweet entry are now also meaningless, your timing for the entry is now also meaningless because the deed is done, the only worry is how to manage the trade.......NOTHING ELSE MATTERS NOW. Once filled your focus is most intense during the first few ticks and or couple minutes depending on price action. Notice I said price "ACTION" and not price level alone. It is a cake-walk sitting still and simply watching price go to target or tag the max stop. How boring is that? In that case there should be NO worries because you pre-choose your targets to profit or lunch time. No sweat there bunky! Trading futures can get very boring real fast, there must be something besides just money to keep you motivated for approx. 4 to 8 hours day-in-day-out. What better challenge can there be than sitting there and watching the action of your trade and making snap decisions about the trade itself: this is a dud, I like this puppy, ahh crap it is not acting right best to lunch it NOW, etc, etc. Those and many more are what motivates good traders, the DECISIONS made after the trade is filled, that's what floats our boats. How we manage the FILLED trade is the entire game in my book, nothing else matters. NOTHING!! PS: In a nutshell what all that means, once filled you must be diligent enough to be proud of yourself when you have done a good job at picking off which trades to throw out BEFORE the max stop is tagged and which trades you decide to ride toward/past target. That is the fun of it all.
No question about it. Very well stated. I would venture--- the same idea could make one profitable if say for instance during a bullish period the trader simply decided to make random long entries into the market without the use of TA or anything. Right?
They have a 3 week free trial. If you're interested in them, you should do the free trial so that you can answer your own questions about them.
Your use of the phrase "bullish market" means you've already used technical analysis. You've identified a trend. Random entries in the direction of a trend produce a profit more often than not.