And here is my challenge to you riskfreetrading, post last month's trading statement or post a few trading blotters. Show everyone you're not just another chickenshit scammer trying to sell snakeoil, just post a couple of statements or blotters! I bet you can't do that because it will show how much money you lose every month. Do you accept my challenge? Well do ya? Here, I'll start with one account.... and here's the month before...
That was a great trade and congrats, but it was not at the top. My market call was even closer in time and better in price (but not much). Here is the thread (It was then here on ET live) (May 19 at 1:10Pm or so). http://www.elitetrader.com/vb/showthread.php?s=&threadid=127406 But what others need to show is the consistency in selling a top and buying a bottom (NOT just bottom and top in price, but top and bottom in price AND TIME. The latter is harder).
Ok, you post the statements and blotters and I'll post the charts. Come on risktrading, show us you're the real deal and stop avoiding the issue!
Cable and Naysayers: I will give you an INFINITE amount of time to produce 5 successive calls you make here on ET exactly like I did in which you nail tops (or bottoms) of daily price of currencies. The only requirement is to post it after some reasonable time you place it, and to show the chart in which you have the sale/buy transactions.
risktrading, as xflat2186 pointed out and as anyone can see from the charts you post you're a top picker and probably a bottom fisher too, you average into losing trades and call multiple tops. In the long term that's a losing strategy. If a trade goes right immediately you've only got a couple of small positions, and when a trade goes wrong which it will eventually you give back a lot of previous gains and more! Show us that you're consistently profitable by posting a couple of month's trading statements, it's easy to do......unless of course you can't
I did not claim I can. I wrote I did make those calls here in ET and they are documented with charts and times stamps, and the evidence is in this thread and the other threads. Now I did not claim either that I have the guarantee to always do it, but what I state is that I did it as it is fact (just like it is a fact that you made a great trade on May 19 (and I did not doubt what you produced)), and that the experiment here seems to show that it may not be due to luck. If it is luck, I must be very lucky. The reason why I tried it multiple times was indeed to see whether it is luck or skill. Maybe it is just luck. A stastical test has to be run to test the hypothesis of luck vs. no luck.
No 'stastical' (statistical) test required, just post a couple of your monthly trading statements, then we'll all know the truth! Come on risktrading, it's easy enough to do, it will only take you a couple of minutes and you can blank out personal details.
Get your fact right before writing. Tell that individual to produce the following for each calls: Time and price of my call Time and price of that day's top xxxx XXXXX XXXXXXXX XXXXXXXXX XXXX XXXXXX XXXXXXXX XXXXXXXXX Tell her to fill the above table (which a last column containing the thread/post). Everyone will see how many daily tops I nailed, and whether it is just luck or a likely skill.