And if she does know something, or has some talent why would she come on ET to give it up? If you want to teach or coach for a fee then cool. You just gotta show brokerage statements. Or, you can go the other route. I worked with a trading coach a while back who came clean -- she couldn't trade herself but she was one hell of a coach anyway. Hell, you don't necessarily have to be able to throw a curve ball to teach someone how to do it but it sure does help. Either way, if you want to coach or teach you have to establish some sort of credibility. I don't know if calling trades in real time on a message board is enough.
Most of the people here actually ARE pretty smart and savy about trading. If you had started WITH a brief synopsis of your system then WHEN there is a trending market you can do a relatively live trade off of......you might have received some intelligent commentary. I too am very wary of PM ing people for their "systems". Your in the "Journal" section. Keeping a public journal is done for many reasons and the best journals are ones that state their system and track the trades...if you just wanted to come here and advertise your "blog" then go to the advertisment section.
I don't know them (I'm new here, but I trade for a living for over 20 years), but both mark brown's and incognito's comments were the smartest in this thread... Trolls and scams are a major nuisance, especially if you are serious about trading. It's sad to see so many ppl fall for these pests over and over again. On other forums where I am active, double nicks and scams get detected via their IP address and removed and banned forever. It benefits the quality a lot...
Becky I asked nicely once already. IF you want respect share your adx filter criteria for the first 30 mins. If it tests out well then you will have your respect. IF your just here fishing for newbies to sell something to then keep it a secret and all the fish will flock to you. Either way we will know what your intentions are.
Why should she share anything with you Joab...What are YOU offering in return? Your "respect"? Don't make me laugh By the way Mark, whether the poster is a man or woman means nothing..and if you want to be understood, compose your thoughts in standard English so we can all get an idea of what you are saying..
the poster has the unwavering love offered by et ers ,i've noticed that in bad markets i here less jokes ,that would probably transfer over into more negative responses also
T4L how many contracts do you trade? I noticed that in your zip files there were only a handful of trades per month, so I would assume you must do significant size. Also, are you living off your trading income, or is it just to supplement your existing income? Thanks!
most likely using a 5 minute chart becky is applying the adx indicator to the adv/dec data in q charts. then after looking at the entry bars most all the trades are on big rippin candles which means becky is probably doing a opening range breakout of some sort. 1.) adx on adv/dec indicates strength filter. 2.) dmi+ dmi- on adv/dec indicates direction filter. 4.) price indicates range expansion evidence of large range entry bar. range>average(range,x bars back) or something real simple as filter. 3.) price is confirms direction when order is hit. 4.) order is filled profit target is placed. 5.) end of mystery. mb next! ps chances are i gave out a better system than becky actually has just now compared to whatever becky does. all hail "marcy brown" aka mark brown
Based on the research I've done the S&P500 trends about 20% of the time and it takes 2 points to draw a line and 3 points to define a trend. If you go back and study the market and look for trends with more than 3 points you'll come away with a very small sample size. So, a trend following system means you are selecting roughly 20% of the data sample and trying to make your money in the last 25% of that move assuming trends typically end after the fourth move, which the tend to do. My overall conclusion - and this is definitely open to criticism and debate as technical analysis is open to interpretation - is following a trend is a highly inferior method of trading because you are trading an event that happens roughly 20% of the time and by the time you recognize what is happening it is likely to end. Anytime you use the word "follow" you are talking about something that is the antonym of success. In order for you to be successful other traders have to buy your shares/contracts <b>after</b> you, not <b>before</b> you so how can a trend <i>following</i> system yield positive results in the long run?