So you are talking for everyone here. Who made you President? Oh, that's right. You started the Magic Pivot Point thread...
Trader28 and his system helped me to learn how to trade. So I'm only trying to give back to the cause to help others. Trader28 has been very kind and generous these past months in sharing his system with us and he has asked for nothing in return. So my hat's off to Trader28 for all the help he has provided us. Not only that, Trader28 has shown us the "light at the end of the pirate ship" if you know what I mean!!! So a big THANK YOU to, Trader28 and Cheers to you!!! So here is a "Captain Morgan Rum" to you Trader28 and to all the "pirates" out on the high seas. You know what they say matey, "take what you can and give nothin back"!!! And yes, we do consider a matey from "Australia" or "down under" a pirate at heart!!! There ye be matey... snarlyjack
Trader28, Sure a "Pirate" to the end. And now you want my credit card info. Thanks for all your help..."Matey"... snarlyjack
You're right about that, the world's full of them - got all the answers (they think) but ain't got no money and can't stand the thought of anyone else making money. Your method is an ace T28. It is simple and profitable just like it says on the tin. I found your thread last month and read through it (well most of it, the Hersh interlude was tough going) and paper traded for a few days before & after Xmas. Even on those quiet days I could see the potential. Although many on here have made suggestions for tweaking it and adding to it etc I decided to use it in its basic format from 2nd Jan. and I am in profit to an extent that I will be using your system on a daily basis from now on. It has to be repeated that Discretion is the key to using it profitably and being very aware of the price action going on. For me anticipation has also played a big part, I have found if you wait for solid crossover signals all the time then you miss some of the best and most profitable moves. Obviously increases the risk but this is trading. Although I have been using it on the ER I am in the UK and have found it works well on the FTSE & Dax. No doubt it will work on many other markets as well. As someone said earlier it is not going to suit everyone and certainly not the doubters who I believe lack confidence in themselves rather than any system or method. As for the discussion about back-testing forget it, this would be impossible in order to achieve any accurate tabulated results. The people so keen to back test it should try using it either trading for pennies or with a dummy account, that is the only way they will find out if it is for them, that is if they are serious about finding something that will make them some money. So in conclusion T28 a huge thanks to you for introducing your method to us on here and for the time you have so generously given. Much appreciated.
"Although I have been using it on the ER I am in the UK and have found it works well on the FTSE & Dax. No doubt it will work on many other markets as well. " I trade the FTSE ftrs. What timescale charts are you using ? I watch 3, 5 and 15 min charts. One problem i have found is the MACD cross can be very late in a smallish move. Mo
I see you didn't prove you can be profitable trading "your" method even for one day. I knew you couldn't do it. Still paper trading maybe? And why did you send me 8 PM's yelling in CAPS that "I" was a losing trader? Because you were afraid I was going to challenge you in your thread and you knew you couldn't prove you have ever made a dime trading. That's why. I bet you have a day job and trade the US markets late at night after you get home after working at McDonald's... LOL...
I wasn't the one posting all through the trading day... You spent the trading day in a chat forum... I spent the day making money