He seems quite knowledgeable and skillful to me. Few months ago, I wanted to approach him one time to see if he could help me to manage a small part of my funds (~$500k) which I intend to donate any profit from it to charity at the end of each year. Until now, I still can't convince myself yet to approach him, maybe because of his other posts that I felt unpleasant with...
Yes, we trade a bit different. One thing I can agree with you on, it takes alot of hard work and consistent hard work. One thing I notice about the way I trade is 1. patience 2. energy consistency level. AND you never know when the win setup will come, even though the X prior setups was losses.
it's your money - i would look over audited track record results of real money managers who have been doing it for years not some delirious up-start that states he doesn't need the money does he think that pick up line really works? omg lol i can't stop laughing at that! again pros don't buy options they sell them to idiots. ps the pros who sell options and blow up were probably not pros in the first place they were just trying to emulate what real pros do so artfully. yet those wannabe option writers are the poster child for all the buyers of options, who point and say see you will always blow up selling options, lol. love human psychology.
MarkBrown, I only want to take trade my breakouts of support and resistance (or reversals) when trend is in my favor. What is a good trend indicator? What do you have I can back test with? I am thinking if emas. if 10 ema > 20 ema > 100 ema, trend up. ONLY take longs breakouts. vice versa for short.
100 to 250 average for trend up or down "but"; if the trend is up look for the rsi to have been down and rising to enter long. if the trend is down look for the rsi to have been up and falling to enter short. in both cases a second higher or lower divergence reading of the rsi will filter out many traders that go nowhere. i have several systems that perform very well using these simple rules, without any other rules.
Yes, I think if I can filter out some noise or reduce my trade amount during the day, I like price action trading but sometimes play alot of the back and forward game. At a minimum the least I can do is get the trend right, and then trade. I am just thinking outloud here for things to try and consider.
the length of the average 100-250 see what length you like i stick with 250 for larger time bars and 100 for tick and or range bars. once you have figured out the trend look for pullbacks that you can enter on in the direction of the trend. hoping to get a better price that when both long term and short term indicators are signaling the same direction.
Thanks MarkBrown Are you stating for example, only use the 100-250 average on chart? If price above XXX average, trend up, if price below XXX average trend down. Yes, that is what I want to be comfortable and confidence with. Trading with trend. I am not good at picking the top and bottom, but I feel more confident when I "feel" or "see" I am the price is going down. I am on the less than 5 minute chart and 4 range bars charts.
yes but juggle the thought long term trend up (average) and the short term down (rsi) for a buy and just opposite for a sell.