Today is Tuesday June 9th and your watching Pure Tick! Alex has just created a video about trading biases. Most traders like to talk about how their different long term biases. But sometimes you have to set them aside and let the market tell the story. VIDEO LINK: http://www.puretick.com/video/cure/
We have reposted the webinar Alex did for Infinity futures. It's a pretty big download so please be patient. Here is the direct link: http://www.binarycity.net/infinity/puretickwebinar1.html Geoff
Hmmm, I got bored and watch several of videos from PureTick. Consider: MaxSpan: Early AM strategy. Wait for a 15min bar to complete, then switch to an 8 min chart and wait for a subsequent bar to close above or below the the range of that first fifteen minute bar. 3 contracts, to go in, take off two at +10, and let the rest run for a clearly defined trail stop strategy. I guess what gets folk is that 40 point initial Stop Loss. Can't let the market breathe, u know. Solution: Ignore MaxSpan, no matter how solid the reasoning is behind that trade. Breakouts, who needs em. Next: Bollinger Strategies. Wait for a pullback to moving average of the Bollinger Band and then enter on increasing volume. Well now that's just makes no sense at all. I mean, wait for a pullback on a trend to enter in the direction of the trend? That's just stupid. Next: Triggers. Look for a volume exhaution bar. Use stochastics, moving averages, pivots or trend lines to determine an objective point of trend failure, and then enter the trade on the confirmation of the failure. Nope. That's stupid too. Why would anyone use volume exhaution to give an early warning of a trend reversal? Dumb. Yep. Alex, U suck.
Today Max span trail made over +80 pts of profits. I personally like it and play it every day. If you don't break out trading thats fine but it bought me a Honda Accord EX with that account alone! There are days you hit a stop but that can happen with any setup. Geoff ===== aka Cajun Sniper Trader/Administrator http://PureTick.com
Thanks for the confirmation Alex. What is totally amusing that in ur videos, u essentially GAVE three strategies that work, for FREE. I guess u just can't please some people I hate I missed ur contest. I would have to take that money. Ur brave for even offering something that, u never know what level of trader is out there reading these threads Ah, but Richard Dennis had the same problem with giving people a system, and in his case he gave the money too, and some of them still could not trade. So u might be pretty safe after all. Good Trading
I do have a question about the Max Span stop. Let say u get MXS signal. On the entry bar, u get big volume and end up with a hammer, or worse, a dragonfly doji. Do u enter in the direction of the new signal from another account? Or do u let the stop get hit with no adjustments to ur risk profile? I know what I would do, but if it's too sensitive a question to ask, I'll understand.
Trading 3 contracts you would of only made $500. It must of been a very old Honda. Hope it keeps running for ya.
hehe. true! But seriously, I bought the Honda with profits that it took an entire year to accrue. It's a 2008 Accord (no leather though). Break out trading is profitable if you have the patience. It can be very boring (like gap trading). ======================= Geoff - Co-Admin - PureTick.com
The asswipe can't read. He said account not trade. But hey for a gian dog crap your reading ability is not too bad. Now fetch my slippers, mutt. Alex W