It's really quite simple, wouldn't you say? Many, many, many charts with same parameters for 2 1/2 years make me sick with same old redundant patterns that if taken @ same setup picture each time, are point producers. find the combo that gives safe stops if run happens, if not, stop loss is minimal....3 or 4 points Emini S&P...safe stops are unbelievably recognizable and the same picture before each run.....set stops 2 points and u get eaten for lunch.... it is possible with sma's to acheive a 90% plus system....It can't happen overnight....TRADE WHAT IS HAPPENING ON THE SCREEN IN FRONT OF YOU....NO EXTERNAL INFOR MATION ALLOWED....THE MARKET CAN RUN, BUT IT CAN'T HIDE THE DIRECTION IT'S RUNNING...TRADE RUN DIRECTION...TURNS UP, BUY IF INDICATORS ARE UP, IF DOWN, SELL IF INDICATORS ARE DOWN...4,000 HOURS OF STUDY AND A POSSIBLE DECENT SYSTEM IS POSSIBLE..
Hi Porgie, you are right. The patterns are to obvious. Why are we not taking these patterns in our DAY-BY-DAY trading? A trend up is when High follows High and a buy is best at defined repeated pattern/retracement points.
yea porgie go ahead share even 1 of those "safe" patterns on ES buddy, i dare you. u're the essence of ET.