Re: calling/posting to collective2 yeah why not ? [/QUOTE] What would be the point? 1/ A successful trader does not need to prove anything to anybody. 2/ Remember, there is a big difference between feeding somebody a fish and teaching how to fish. The first kind of people put their (short-term working) mostly automated systems on c2 to sell them faster than they will stop working. The reason is clear - business. Why they do not trade their systems if they are so good? Think about it. I will never ever publish trades from my successful system and nobody will force me to do so using any arguments That is not only about keeping one's business but it is also about freedom. 3/ After a long time I am a believer of method trading (discretionary), I am not a big fan of automated systems. I have my own reasons and there have nothing to do with programming skills and math (which was my favorite subject and I did some neural network/genetic algorithms programming as well). So, trading a method is very personal and nobody can ever take the same signals. Publishing trades makes no sense, since 10 people using the same method can and will take different signals. 4/ My trading is currently very short-term, 1-30 minutes trades. Few seconds after I take a signal the market is different and you should not step into because of bad risk-reward ratio. So I have literally several seconds and placing such trades manually on some site simply does not work. And trading someone else's money is again against my freedom, why should I do it. 5/ Want to know how to trade for life? How many years it takes to finish college? Trading is not different, even worse. You step right into the pro's league. You have to prepare for years and spent thousands of dollars to be able to survive. Wise people as ProfLogic can help you (if you wish) but nobody is be able to force you to become successful trader only you can. No method is 100% correct every time and no method will work on everybody. It is quite opposite - between thousands of ideas, methods and concepts you have to find the one which suits you. It can be based on averages, volume bars, market profile, indicators, tape reading, whatever. But in the end you will (hopefully) find that it is not about indicators, chart setups or whatever, there are just better or worse tools, but about something you cannot give, sell or prove - about your attitude and responsibility. Would not it be easiest to give money for nothing to somebody who does not want to move a finger? I tested hundreds of systems and created many mostly useless concepts and my nature is that I do not believe anything and anybody until I proved it to myself. UNTIL I PROVED IT TO MYSELF - because nobody can ever do it to my deepest self. And that is what you need to do to your trading.
I chose it maybe for some historical reasons. I used to trade ES from 5-minute and 55-tick charts and I am used to that scope. Choosing 11 is quite close to that from the first look (number of bars) but gives much clearer picture (at least personally for me and my style of trading). I like to have the big picture and detailed view as well, which 11x gives me. I do not think the number is important, but whether one feels in harmony with the chart and helps reading it or not and well, how our eye and grey matter is trained. For swing/positional trading I probably would not use it. In the past I was attached to 5x increments but with time-based charts (1-minute, 5-minute, 25-minute, or 1-day, 1-week etc.) and 7 seems as good compromise.
Stop re-adjusted to Low of the Day (-) 3 Ticks - 108.06250. (Swing Chart Trade) Consolidating at New Prime Bull Trending Resistance on the Intraday Chart. Creating Prime Divergent Bear Resistance on the Swing Chart. Confirming New Prime Trending Bull (LEG 1) Support on the Position Chart.
The reason people can't define trends is they try to define trends of markets and Trends only exist , "A single chart at a time". As you see above, The Intraday is a Bull, the Swig is a Bear and the Position is a Bull and each is at a different Primary Oscillation. They allwork perfectly together because they are all perfect squares or fractals of each other.
Please explain your position on why he should. Unless you believe Mr. Proflogic is baiting for some type of personal financial gain, and I've seen no evidence of that, his sharing a trading methodology places him under no obligation to prove anything to you or anyone else. If I may piggyback on your reply further, I've perused Mr. Proflogic's postings, and I haven't found anything that warrants the vicious attacks others are bestowing upon him. The issue always seems to come down to whether trend exists or not, as that is the premise of his teachings. Anyone who doesn't understand that price indeed oscillates back and forth, and that those oscillations form higher highs, lower highs, lower lows, and higher lows, which is the establishing factor of "trend," and that current "trend" remains intact until the aforementioned swing points are violated, obviously lacks the wherewithal to think logically. If it's the word "trend" that befuddles your mindset, then think of it as "following price." In life, there are those who are taught what to think, and those who are taught how to think. It's quite obvious in scanning through this thread and others like it which camp the anti-trend minions belong to. In summary, Mr. Proflogic's analogy is sound in principle. Note I do not trade Mr. Proflogic's method as he describes it, although my strategy is somewhat similar. That said, those who fail to grasp his simple but powerful approach to trading would be better served explaining why the earth is flat in another forum. At least then, you would be with your own kind. st
Good post. One I can relate to quite well. Truth be known, many of the naysayers are simply trying to goad others into showing them their setups because they are either too lazy or too stupid to figure it out on their own. They would rather follow someones calls and then complain when it doesn't work out for them. You are absolutely correct; post profitable entries and exits in real time and the followers would still lose money making the trade. st