I'll assume the you are a brilliant guy and you have a refrigerator. I have the signal generator and I gave it away for free. It does not predict. Prediction is not necessary. Try hard to get out of your mind using OODA (John Boyd) to take signals that you think predict and are worth betting upon to make money. I do not use money management nor stops and my signal generator sees that the markets have neither noise nor anomalies. You have situation A and B on your mind so go look at the DOM of any liquid market. My published signal generator works in any market that is liquid. I do not do entry/exit trades. I am all in from the open to the close of RTH. Check out the detractors; the people with the fixations who use my name in any way. They HAVE to do the following: 1. enter/exit. 2. bet using OODA 3. use money management out of their fears, 4. use risk manangement to deal with the anxieties. 5. bitch at things they do not understand. I replaced those things with support, comfort and confidence feelings ALL the time. This comes from knowing that you know ALL of the time. 1. became hold/reversal 2. became MADA 3. became carving turns using 12 leading indicators of price. 4. became banking profit segments according the the market's offer. (sentiment segment after sentiment segment) 5. became helping others to learn for over 50 years. you need to learn to learn and begin with figuring out how your mind works. You have no perception because you have no inference joining with what you sense. Your mind is empty of facts and information and skills. My mind is fully differentiated. I trade as if I were driving a car. I do not enter or exit my car. Nor do I use money management nor stops. I drive and I reverse. My foot is always with the pedal to the metal. I turn as the road turns for the full 6 1/2 hour drive every day I trade. A full time trader is a person who has not yet learned to trade to take the market's offer. The offer is so hugh it precludes having to trade full time to satisfy one every need or want. you can see, simply that this thread is filled with comments from people who trade in a context of fear, anxiety and anger. They have simply been learning failure for years and years. You are too. Learn to fully differentiate your mind just like you did to learn to drive a car. TA is the driving force for taking the full offer of the market all of the time the offer is made. Time is not a market variable. There is zero competition to take the market's offer. Absolutely NO ONE is there to STOP you. Just sit on the correct side of the market all of the time. Follow the OOE. (Order of Events). 1, 2, 3, FTT and repeat. Just one pattern. B2B 2R 2B for long and R2R 2B 2R for short. Do a search and find out. When I first posted results, Nitro (who blew out) said I photo shopped. How wrong he was. I stopped posting prints. What I did was post the answers to all questions (or had someone else post the answers) so they would be there for anyone who came up with a question. That era is over.
EMG, I've been daytrading since '98.....things are going well. Thank you for your concern though and good luck to you.
I used to read threads like this with great interest, when I first started out. Then I pulled up a chart and learned how to trade. It seems Frits has concluded that concept of intraday trading is a scam. And he has compelling evidence. He tried to follow Rockwell Trading's calls for a whole year. I think that is the final nail in the coffin, both for TA and for daytrading! You guys should check out Frits' site: http://www.daytradingscam.com/ Frits Altenburg 6 maanden geleden The Rockwell Trading Scam Besides my work I trade futures as a hobby. I feel mandatory to share this story with my fellow futures traders. Takes about 10 minutes to read and will save you heaps of dollars. But more important it will save you from becoming a mental wreck. Tuesday 13th October 2009 I joined Rockwell Trading from Austin Texas USA. Today itâs Sunday 31st October 2010 and I havenât made 1 US Dollar profit through the Rockwell Strategies in the past 12 months. Further on in this story youâll find some actual results of the 6 weeks I administered ALL of their trades (shadow trading). I think it is time to share MY personal story about the, in MY opinion Rockwell Trading Scam. From here on I will refer to Rockwell Trading as RWT. .... During the summer of 2010 I started looking for alternative trading strategies. Still there was the frustration why I couldnât make any money with the RWT strategies while RWT showed profits somewhere between $100 to $1000 in each âweek in reviewâ!
Price action is moronic because the insiders pay no attention to it. Only dumb retail is tricked into thinking price action has any value. The market herself is bent in deceiving you. She is the great harlot that not only will take your money, she will take your life by causing you to waste it on the wrong path.
Hasn't been my experience. Sure first couple years were spent learning but since late '99 I have been successfully trading full time and have never looked back. I'm sure a lot of people waste their time but the serious traders learn what they need to learn in order to thrive.
Yeah, I can see how actual records of time and sales would be deceptive. Are you kidding? Price movements are the actual buys and sells of those "insiders", who drive the vast majority of volume on the exchanges. Unless you are saying that they don't pay attention to their own buying and selling activity, which doesn't make any sense whatsoever. Even if we assume that all "insiders" respond to are illegal tips, don't they eventually have to act on that insider information by actually going out any buying or selling, thus creating "price action"? You really don't think that retail traders are the ones driving day-to-day price movements, do you?
Maybe you should read threads likes these with at least "some" interest before you post messages that are full of worthless information. - the website you mention is not mine nore do I have any connections with the webmaster. Wrong information - I already posted ages ago (also in this thread) that I got scammed. No news value there. - Why would I think day trading in general is a scam while in this same thread I posted the basics of my trading approach and strategy? Not your brightest remark. This thread is about TA and not about me, so I suggest we stick to the subject. If you want to talk about me then start a new threat and please, please make sure your info is correct. Trade well mate! Shaka , Frits
I apologize, I meant to say "Frits' favorite site". There you and your ilk can condemn TA after failing to find the holy grail in some snake oil salesman's system. I guess the stupidity of your first post triggered a neuroplastic process, thus changing my neural connections and subsequently temporarily relieving me of my grammatical skills. It is just difficult to process such ignorant comments, made by someone who clearly does not know what he is talking about. I did not know that you've posted your strategy in this thread. You cannot assume a profitable trader would want to wade through 68 pages of garbage. I want to emphasize that this post is not really directed at you personally, but at your kind. I've seen far too many arrogant, ignorant posters on this board over the years. At some point I have to speak up. If you would only spend a small portion of your time actually thinking rationally about how to approach the market as you spend berating concepts you do not grasp, perhaps you would be able to become profitable. Maybe you could form a TA study group with marketsurfer, you both could learn how to trade.... That advice was free too!