Thousands of empty condos there, Easy to squat in , bag an old lady's wireless connection and get it on .
1. I will be starting a journal here. 2. I do use an objective system . 3. I understand that a completed call is an entry/target/stop; while a trade that is setting up can still be posted and serve a helpful purpose to someone following that particular market. 4. I have seen my share of posers pretending to be real players who prey on the ignorant. 5. I have stated many times that my track record will speak for itself. 6. I did expect some hazing and/or skepticism as I acknowledge on multiple occasions on the initial posts 7. I do understand that most traders fail and are thus reliant on the newbies to pay there bills and thus have there territory to protect. 8. I also realize that some of you actually do want to protect the newbies while others here who can't trade(95% of supposed ballers here) want to protect there interests that newbies provide. Time will tell my friend
Well good for you!...assuming what you say is true?...Until I get to know you guys; everything here is just words as you could have 50 different identities all with the agenda to protect your territory. I don't know you as you don't know me. So time will tell...right? I came here in peace but not planning on being chopped up by a bunch of pit bulls. Don't expect me to give up just because people make claims that I only have a 5% chance of succeeding and that you look forward to seeing me fall on my face. Grade school tactics only go as far as the playground. I never claimed to have information only available to HFs and banks. I just alluded that the HFs and banks were the few that participate in the big moves; like shorting the Euro last fall and going long the Euro this summer as the talking heads on CNBC were touting the opposite at the key turning points. I posted these broad position type calls in real time and on a public forum that all can verify and I just wished that more average little people could have benefited. Even if they just moved their cash back and forth or traded an ETF in their IRA. I am more an intraday to swing trader and have not made the time to post very many of those trades; but when I see the big setups, I love to share them with the public. Ancient chinese secret stuff.....i am amiss? but I do have a specific objective approach to EW that I figured through years of experience. Not rocket science but it has helped me interpret the patterns in the market and I don't know of anyone teaching this particular method.
It's really great that you will be starting a journal. But please avoid posting potential trades that are setting up, which would leave the door wide open to draw your critics like flies on sh*t. It also leaves the door wide open for you to claim credit/avoid responsibility. Obviously, you're free to do whatever you want. I would suggest that you post at least 20 calls with unambiguous entry/target/stop. Keep it that simple. If you are as good as you claim to be, it should be a piece of cake for you to establish a really good track record and then you can post potential trades. First things first, know what I mean?
This is the most brilliant thread in a long long time... I just had to chime in and say that. Please, FXW, promise you won't be riding off into the sunset with your massive profits. My ET experience won't be the same without you. I sure hope you haven't been intimidated and discouraged by all these nasty naysayers (like young atticus, et al). They're just envious of your nearly superhuman forecasting abilities and your incredible level of access to top-secret cutting-edge analytical techniques.
FXwave: Could we ask some questions (not forecasting), but intellectual questions related to trading? If you wonder what type of questions and why I would ask them, read this: http://www.elitetrader.com/vb/reply.php?s=&action=newreply&postid=2908128
Thanks for the advice trendo I really am the humble type and I didn't intend on coming across as this pompous trader that will eat up every one for lunch. I am just not a novice as I am happy with my approach and understanding as it has taken me many years to foster; so I came to E.T. to share it as anyone can do learn it and master it with experience. I am still learning and posting here on E.T. will accelerate my learning.