He is just digging himself deeper into a silly hole. We all get a good laugh watching him boxing the Hershey shadow.
If you want to say fucking .. just say it .. don't be a pussy. --------------------------- Re trading wits with Tums ... I think the round went to firestorm when he caught Tums out on the cheap (very cheap) attack on his wife before Tums removed it. "Quote from Tums: since you are living in Australia, it is unavoidable to predict that your wife/gf weighs twice as much as you do?" ------------------------------ Why is it that when Jack gets involved in a thread it turns to shit like this? Can we predict that Jack's involvement will turn it to shit? Can we predict that if I get involved in one of the stupid "never resolvable question" threads I will end up telling someone that they're a wanker? I don't know but I predict that any thread on prediction or trends will never be resolved. I also predict that Jack's longer posts will continue to be bloody near impenetrable (does the king have clothes on or not?). And finally I predict an increased number of newbies taking Jack's method up and I'm sure that they'll just out trade all the longer term ET residents as they take 3x+ on the market each day. LOL Good trading tomorrow everyone ... remember, paper trading is for pussies ... we want all the PVTs and SCTs and VFMs in real cash tomorrow. Cheers ------------------------ The things people believe in are usually just what they instinctively feel is right; the justifications and arguments are the least important part of the belief. That's why you can win the argument, prove them wrong, and still they believe what they did in the first place. You've attacked the wrong thing. So what do you do? Agree to disagree. Or fight. - C. Zakalwe.
yes, as if there were need for a question.........is that the question........erm........what's the point of the original question? sounds like a side-track as most such question are........and what are public forums for anyway......... must go and super glue the right hemisphere to the back one ........I mean........
in every profession,there is a journey from novice to adequate to expert.In trading there are trendlines which is what spyder uses,i can turn on big chart and connect the tops and bottoms on a monthly,weekly,daily basis and see support and resistance.I could teach that to any beginner.An expert can find these trendlines 20 times in a day chart,it appears that some people have found this holy grail and are trying to share it on this site.The fact that i haven't even begun to master this does not make it invalid.I trade with market profile and get maybe 6 signals a day.I've not sat next to and watched jack or spy trade so i can't judge whether it works or not any better than i can predict where the mrkts going,but it seems a waste of time to judge them and argue and banter and fill these blog sites with endless blog between useful info.We know that opinions,egos and stubbornness are all achilles heels of trading so when we post lets recognize those three things when proofing our posts before we hit SUBMIT REPLY
I find there is nothing more important in trading than this discussion. It hits on every single point of view of trading, from the philosophical to the mathematical, to the artistic to the even mystical. I have created a website mostly for my own purposes, to write things down so that I don't forget. I have been wanting to do this for so long, but I finally just did it. Here is my first post on this subject http://www.synctrading.com/phpbb/viewtopic.php?p=11#11 There is so much more that needs to be said in relation to what is being discussed here, but it is a good start. nitro
I appreciate the time you put in. I called it junk because if you go back and read your initial threads where you spoke of rockets, you made claims about there success that are false. Anyone who trades thes S&Ps consistently knows that their behavior changes and our apply old tools to new data sets. However with the recent increase in volitility perhaps we will shake out the mean reverters and perhaps rockets will work again. As far as 40-50 trades a day, I used to be one of those guys. If you are taking 40-50 trades a day you to be fading premium and tick thrusts quickly. Real scalp like trades with excellent executions and very low costs. There is way to much overlap on 5 min bars to use your technique of trading in the now and evaluating circumstances. The profitable corners on 5 minute bars are only there for split seconds. No one evaluating data sets to see where we are now is making 40-50 profitable trades a day. You will be stuck in the the middle of the bars. As anyone who has scalped knows the really good entries have to be stalked and pre-traded. You do not have time to trade them in the now, you have to be trading them ahead of time. Just once I would like to see you prove your claims with a live account showing your profitable 40-50 trades a day. if you are profitable you will not be trading in the now. You will be stalking and trading in the future. How many 5 minute bars exist in trading day. How many have volume worth trading. How many have corners that you could pick off. Your methods will have you stuck in the middle of many bars and it will take many bars for you to make a few ticks if you are lucky. And what of all the bars that close against you.
Excellent statement! Especially with increased volatilty, whether using fast(time-based) bars or minimal to moderate range bars, sandwich patterns are very frequent, not occasional. To maximize profits from this style of trading, the scalper (or even mini-hold trader) must pre-trade, thereby limiting profits. At very least, the use of a pre-determined discipline to counter movement back into or outside of the entry range, once again limiting profits.