Greetings all, Through guidance of a few on E.T. and a dogged effort to simplify why price moves up and down I have obtained very valuable information that identifies when and where to take trades. I submit market movement is random but timing is not. I plan on taking these concepts and running with them but can't get there fast enough and recognize those with additional resources could be beneficial (mostly due to my time constraints and lack of confidence constructing a full-on business plan). At the moment, I am not sure how I can share this knowledge and ensure that it's mutually beneficial endeavor. If anyone feels like talking let me know, I am in Chicago. Bob
You have found the holy grail after only 260 posts. That's likely to be the most impressive achievement on ET or anywhere else. I await your appearance on bloomberg soon.
Haha, you forgot to mention blowing out 2 accounts as well. It's true though all kidding aside. Seeing how markets are multidimensional is the holy grail. Then playing simple patterns when and where with proper money management works just fine. BD
What are you looking for? money, guidance, both? you will have greater success if you are more specific. surf
Why would you need collaboration when you have the holy grail already ? I'd just withdraw money from the market as if from an ATM.
My holy grail is nothing more than understanding what price movement actually looks like - price, time, and volume - on a chart. Every entry is still 50/50 every reward is still luck. I will not be trading for some time yet as I am going through some family difficulties. Lost my shirt damn near every time I'm not 'checked in' mentally.
Surf, I agree. I have been considering reaching out to the owner of a trading firm here (my old employer). Problem is I'm not sure how to backtest it other than eyeballing which is going to take me a long time to do hundreds/thousands of times. The method is not all that sophisticated once you see it, best part about it... but testing and maximizing parameters needs to be if I'm going to get this thing off the ground (as opposed to a hobby/supplemental income) BD
You seem to be saying every time you win it's luck and every time you lose it's psychology. That's not much of a holy grail, and sounds more like gambling. 50% win rate is very impressive and probably better than the best of pro's. Why don't you show the formula for the holy grail here ? If it has merit I am sure you will get collaborators. If the formula came from curve fitting, then you have nothing to lose to show it. Those will never work.
Joe, Losers are stops when a high or low is taken out, size of winners are random but always have a target and within a framework. The point I was making is that I'm not claiming to have a predictive system. Just how to tilt the odds. I recently read a book called The Unknown Man. The author wrote about the differences between physical and physiological time (you know, like why it feels like time speeds up as we age). It always seems the first thing people lose when they have mental breakdowns is their sense of physical time. I have first hand experience with this unfortunately. While solar time follows celestial bodies motion at a uniform rate us living beings do not. In fact, our physiological time slows down as we age (rapid development at an early age which slowly tapers until about age 30). It's a shame so many of our brains are obsessed with time schedules when our bodies operate on a completely different plane. No wonder so many people have a disconnect between their inner voice and actions. BD