1. did you post this? http://www.elitetrader.com/vb/attachment.php?s=&postid=1363417 2. is this an accurate description of your trades? 3. if not, what exactly is it?
Heads Up The financials are showing massive bearish divergence (price action shows higher highs, while the ergodic candlestick oscillator is showing lower highs). Note the previous occurrence back on the Lows of 2/9-2/12 and the resultant blast-off to the upside. I'm using 1/4th the tools that I normally use, but I'm still getting the same pattern using: 1. Volume Candlesticks (set to 2,500 for YM Swing) 2. Customized Ergodic Candle oscillator with the Buy/Sell Zones set at -10/+10, respectively. All courtesy of ProfLogic. Hope it helps. Good trading, Jimmy Jam P.S. ... and just in case anyone thinks I'm biased one way or the other, you have no idea how much the only thing I want from this game is the money. P.P.S. I tried the same setup using basic 5 minute candlesticks ... didn't work.
so why is everyone trying to hijack this thread anyways? those who thinks they can trade better with a proven system, by all means, please start your own journal... The Prof report perhaps? I do apologize for this remark if this is what surf wants.
Dude, nobody's hijacking Surf's thread. We're traders having friendly discussions about trading (at a very high level, I might add), it's the dialogue and back-and-forth play which causes the increase in knowledge. Good trading, JJ
I'm not sure if Prof's "come talk to me i'll show you how it's done with my own system" is quite anything like a discussion. My remarks are not directed at you at all. Trade discussions are about why and why you don't agree with surf. But going "yeah surf is wrong and my system is right, when you admit you're wrong I shall teach you for I make a gazillion dollars" is not a form of discussion.
we took a hit in NFI, recd several "you were warned PM's". out and flat here. thanks for the analysis, JJ. holding YM shorts here. regards. surf
Might be taking the other side of that one. I'll post a screen shot if I enter. I'm not even going to bust your balls on this one. It's becoming too much of a sad story. Good luck, buddy.
I think you're refering to when I was in the mortgage biz. I 've been trading fulll time for almost a year. Very easy profitable strategy. I fade you.