Hey steve, F*** off. Didnt someone tie your thong in a knot this morning or what? LOL If you want to take it that way fine. But instead of being a little hypersensitive little bi***, why dont you listen to the advice im giving because its priceless. You are all on a one way street that leads to a dead end here and instead of realizing it, you choose to cover your ears and yell LA LA LA, when someone who has studied the living shit of out those stupid indicators is telling you they are worthless. Ive given some extremely good advice here, and you guys just flip out and attack because your gentle little ego's cant stand being told you are doing the wrong thing. Fine, I wont post anymore. Please dont do anything ive advised. Continue playing with stupid inidicators. Do not do any backtesting. Do NOT learn the true nature of the markets. Fiddle around with sma's for the next 20 years. Be my guest. One less trader I need to worry about. Tomorrow when I break 10K, you will be trying your 500th combination of EMA's and SMAs and MACD's and still losing money. FINE, be my guest. Im out. The ratio of real traders to wannabe's here is like 1 to 10,000. Im clearly wasting my time here. Back to making money.
Another breakthrough contribution by "Traderdildo" Thanks for the help. Don't let the door smack your ass on the way out. Steve
No worries. You see, ive developed a real system for preventing doors from smacking you on the ass. You on the other hand, attemped to avoid door smackage using a stupid SMA and the door smacked your ass into oblivian Why are losers so damn jealous?? Sad. Dont worry stevey, mommy will make you a hot cocoa tonight and tuck you in, and the big $27.02 you lost today wont hurt so bad LMAO prick
Wow, traderdragon, you are such a baby. Its obvious you want people to be impressed with your pretend system that does not make a dime without photoshop as your edge. Well, no one cares about you, we are not impressed. You have been weighed, you have been measured, and you have been found wanting....
IMHO if one is to trade a widely used pattern (in this case MACD 0 line cross) one has to work out appropriate risk/reward ratios. If you are trading 1 lot you have to figure out a way to minimise risk (stop) and increase reward (profit). Just taking something indeed very simple like MACD 0 line cross could well be a 50% win system (depending on criteria used), but how can one trade a 50% system if risk/reward=1/1, at best that would make it a breakeven method. So if your trigger is on a 2 min chart, which other time frame provides a favourable reward? Would that be a 10 min chart or 15 or 30 or 60? So if you take e-mini S&P500 as an example, how many points average would a MACD signal X followed by a 0 line cross generate on those time frames? If on average that amounts to say 10 points, then you can easily afford to have 4 losing and 1 winning trade & come out on top. Obviously success or failure of an hourly chart is also dependant on a longer time frame like 240 & daily. So an example would be the following: Daily bullish 240min bullish 60min MACD below 0 line about to cross signal to the upside 2min MACD is above 0 line though below the signal & heading upwards - Go Long & repeat if stopped Just something to consider
Jack, I think there are traders that are happy for your thoughts. I offer congrats to you for trying to educate some newbie traders without asking for anything in return. I used to teach DOS and Windows, there were some people in the class that got it, and some that for whatever reason could not. I would write the DOS commands on the board, and a student asked me one time, where was my book that I was getting the information from. Well, I did not have any since it was already in my head, I did not need a book. I think one of the problems of elite, is that you can not have your own forum and control the posts. I think it would be better if you could have a forum where you post a lesson for traders to follow, those that post non related items like traderdragon, who is sad little child who probably lost all his money trading, could be banned by you. The traders do their homework, and they post their results for you as the teacher to review. If they don't want to do it, then they can stay in other forums trash talking.
This is funny!! The great systems trader having trouble uploading a fake graphic, go backtest yourself!
Traderdildo promised to leave earlier didn't he? Obviously he wasn't true to his word. Why would anyone believe anything else he has to say? And why would he continue to post here when no one wants him here? The answer is...the guy is a psycho, he just can't believe that we don't want to read his crappy little posts. And the implications of that are The guy is deluded he isn't really a trader he hasn't made any money he needs some psychiatric help and some meds right away Too bad but those folks are out there, and all you need to post here is a computer. Knowing that, I suggest that everyone put this poor guy on ignore. If we all do it, as we did for the last guy, he will eventually get the message and go somewhere else. I am doing so now Steve