I can't believe I am defending @VOLdemort. It is good that we have someone like him to expose frauds and fakes on ET, or for that matter in our society. I have no problem with that. My main point of disagreement is accusing someone without a true understanding of the approach is unfair to the accused. Often, a success approach/concept should be based on math and logic and not whether the teacher could make it work. They can teach the basic principles but few engineering professor can design a precision autopilot. Initially I was very skeptical myself until I ran some mathematical analysis. It has some good mathematical logics, so I forward sim using fixed criteria that are forward testable (not back testable) and without all the Brooks stuff which I personally do not believe in. We each needs to find a system that fits us and no one can teach that. @volpri is a good person, sincerely wants to help us without asking for anything in return. He openly welcome us to try his method. For that I am thankful.
Link us or define one testable concept/condition while we're waiting for him to make up some "implied pullback" gibberish. Thanks.
Why do I want to do that? @Monobrowtrading called me a lier. To defend my integrity let me show you and mono a TOS screen shot of 25 scalps on 2/3/25 netted $110.59, each trade was ~$4K, the first day I scaled up from $1K. Win rate ~80% $110 a day is not earth shaking but a good start for this newbie day trader: Today I executed about half as many trades and made $48.
Whay was your drawdown today? From your screenshot it looks like you let your account get down 15K to make a 100 bucks. This is not going to end well.
Such a things as an implied PB does indeed exist. You may not be aware of it. As far as back testing. In my journal the trades are for the most part discretionary PA trading. And subjective. I am showing how I like to scalp. I know of no way to back test what I discuss but I am not a programmer. However, they can be forward tested. So, if testing is important to you then forward test them. You can do so on a SIM and not risk anything. Just add a tick to the movement for entry and one tick for the exit and see if it would have worked out. Again, like I have said over and over I am not telling anyone to trade like I do. Nor am I advising anyone to use these concepts. It is a journal, and I am showing how I like to scalp. It is for entertainment. Don't do it. But you can play around on a SIM with the concepts if you want to. There is no need to be railing on me or what I show. It is a journal. If you like it fine get some fun out of it fine. If you want to try it on a SIM fine. NOW TO ALL TRADERS READING THIS JOURNAL: DO NOT USE ANY OF THESE CONCEPTS ON ANY REAL MONEY ACCOUNTS. YOU WILL LIKELY LOSE. YOU DO NOT HAVE THE PRACTICE I HAVE SO WHAT WORKS FOR ME ON ANY SIM OR ANY REAL MONEY ACCOUNT WILL LIKELY NOT WORK FOR YOU. That is as clear as I can be.
@ironchef There will be no end to it. Traders ask for proof..third party audits...daily detailed trade activity...and anything else they can dream up. None of what you or I can provide as proof will actually help them in their trading. Nothing I can show about any account real or sim will actually help their own trading. What this ends up being is just a way to rail against anything they see that doesn't fit their W.V. on trading. Often, they may say they are protecting the novice traders from ideas that they deem unacceptable. This is a journal. People should be free to read it without all these posters that just want to tear something apart. Nobody has to like my journal nor approve of it. but they should allow others to read it without such vitriolic interaction.
Did your POA guy get an audit before you blew up that account? I do like your 10-lot micro system. That one was fantastic.
What's the contract size per order? There is a ZERO probability that you are trading marketable in this sim-account. Meaning that you are not shorting the bid and buying the offer.