Yeah right. Ok then. BTW, when you tried to answer the guy who was getting slippage on CL and you advised him to go to a lower time frame... Well the correct answer you should have given him was of course to use a STOP LIMIT order. It had NOTHING to do with the CHART, but EVERYTHING to do with TRADING. You really should have known that given you claim to trade CL and make 6 figs a year doing so (unimpressive anyway) Going to another time frame would have been a whole different system and required a whole bunch of other stuff you probably dont get yet. Only a trader would have known that. To someone who is in the market every day, that would have been obvious. I thought I'd give you or the other TA followers some time to see if they could answer that for them selves. Alas, no. None of the TA gurus here know anything of the real trading world. Good luck with your paper trading dear. You'll get there one day.
This is a fine example of why you are undoubtedly a perpetual loser. You make assumptions. Typical of TA followers. Where did I say I use Excel? You may need excel to know that 45 is lower than 72, I however do not. You may need a chart to show you where the last top was, I do not. As fo posting live trades, I have no need. When I trade, I trade, I dont waste time on ET. My ego is happy with my returns, and I care not for what a bunch of sore losers on ET may think. I have nothing to prove to anyone here. There is zero monetary gain from doing that. However, if duping the terminally stupid on your childish thread gets you to where you want to be in life, then power to you! Id keep to making funny nicknames for your self if I were you.
Another one bites the dust. She's a nice lady, but another chart reading paper tiger busted! classic, ET. surf The chart readers seem to hold this Al Brooks guy in high regard. Here is an expose of what actually happens in his "trading room" http://www.elitetrader.com/vb/showthread.php?s=&postid=3599736&highlight=al+brooks#post3599736 "He did speak about every 2-5 minutes and sometimes he just went over what had already happened and sometimes he predicted what might happen in the future. The frustrating part was that he would talk about going long and in the next sentence he would make an argument for the shorts......"
Just wanted to add some solid information. If they try hard enough in your case , you will learn the meaning of lol... PS: believe me my dear.
I find it funny that these guys are talking about "cycles", yet dismissing TA. If there is anything that's impossible to test, it's "cycles". Especially since every cycle seems to have some leeway to extend or contract. At least with TA, you can identify exact prices or times at which to take action. Even the alleged "3-day cycle" was +/-1 day, which basically makes it useless for any kind of accurate trading. In my experience, when volatility deflates, MAE and MFE become more and more equal in my system and trend toward 0, which tends to make the trades breakeven. So long as I can be patient until volatility increases, my equity curve should be flat. This has been the case for me in the ES for this entire year, basically. With the exception of June, which was a good month, I've taken 47 trades on the ES and made a grand total of 31.75 points. In June, I took 9 trades and made 37.75 points. Anyway, point is that changes in volatility should lead directly to changes in the number of signals you get AND should lead directly to more break-even type scenarios, IF your system is a good one and is actually attuned to something real in the market. What volatility changes should not lead to is a complete collapse of your system. I guess it would be back to the drawing board then. I once read a comment here that really good systems have periods of rising equity curves and in their bad periods, the equity curves go flat and they never really have a steeply declining equity curve. That always stayed with me and I think that's what I've been seeing in my ES trading.
I used to use R-Mesa. It was rated number 1 by Futures Truth for 10 consecutive years and was based on Hurst cycles. TA bashers don't like to hear about that. I developed my own cycles so I don't need MESA now. Every time frame has several cycles and as ND correctly suggested, if you are getting whipped in a larger time frame you can look for a clean structure in a lower time frame to take the set up there if it shows quality.
Surf, I am in the black, with a before the fact entry and stop loss call. Based on TA. Where you at man?