You lot are so gullible. Or at least so desperate to believe. The OP did around 60 trades. He could have zero edge, but by waiting an average of 5 ticks on the entry and 5 ticks on the exit he gets a huge edge when day trading. That would be 600 free ticks in total, 600 ticks on 5 contracts = 15000 dollars. He could of at least maintained a paper trading account somewhere and posted a full blotter once at the end of the experiment. but all did was call out entries and exits in a fast market like YM. He has no track record of honesty, in fact the opposite. He is a (wannabe) vendor who lied from Day 1 on his other thread, with a hidden agenda to push his subscription service. You guys will believe anything without much question. No wonder the vendors in this industry pull in so much money from the dumb suckers who are desperate to believe trading is this easy.
@TheTrue1 You did well,expectancy of 0.24R Best of Luck! Confused here,are you saying his edge is temporary? Live trades will dilute the results to some degree,nonetheless the story is positive. This is not random,i am sure he has done backtesting and fwd tests.Low number of trades is because he only established his public record and criticism here is unwarranted. I will go out on a limb and say low number of trades is an indication that trading noise is filtered correctly.
You think he's pulled a swifty? Perhaps!? I won't be day trading, nor becoming his disciple, nor imitating, nor wanting to know how he does his trading method. But an interesting concept here where you believe his calls are a scam. Nothing surprises me on ET, some weird creatures pass by this place.
Thank you buy1sell2. You should do what you just described this month. Your hindsight trading expressed above sounds good. Predict ahead of the market please.
Mr. Southall. Again, you sound somewhat ridiculous. Show me a guy who somehow always knows he has a 5 tick edge by delaying a trade post, which I did not do, and I will show you one who must be taking winning entries. Or maybe he is psychic, and KNOWS the market will respond favorably after he post the entry. Which is it sir? Are you a trader? I challenge you to post 30 a month of trading, live real time calls beginning in April.
Let me be honest. All my entries were legit. I don't lie too myself. What would be the point. I challenged myself to do this at elite trader because after becoming a member, it appeared to be a site with professional traders. And it is. Very well informed traders. I wanted to see how I measured up in a sense. In the process I became a fan of ET. Read all the threads I could. Still do. More honesty...I don't have 10,000 dollars to place in a broker account. I make $14 an hour as a machine operator. I am in my 50's. The success I once had in trading financially got snatched away in a divorce. Add to that I have a daughter with serious and expensive medical requirements. So when I did have money my money went to that cause. I don't owe anyone these explanations. But it is what it is. There is a sight where traders are providing signals in the same manner I posted this month. Millions of dollars are being traded on this site. 95% of the signal providers do not trade live brokerage accounts. The traders are producing a measly 10 to 30% monthly. And subscribers are paying for their service. I have daughters and grandchildren. It is incumbent upon me that I leave them more than my parents did myself. Trading is how I have chosen to do that. So I am nothing near a fake. Or a scam. I am a trader who has put in a lot of work to get to this level of trading. It took years. Go back through the post. All my post. I never said or even insinuated I was trading live. Mr. 888 did not either. If you were tuned in from the beginning, you would know he requested I make realtime calls. And I did. A signal posted cannot be pulled back. Any trader knows this. In closing...you may want to ponder this. Fear and greed are two huge factors in trading. Though I have did well too remove them in my live trading. I have always traded demo as it were live. But, if a guy is a good trader and has conquered fear and greed. And he's posting signals for others. The fear and greed in their entries are also removed. Whether he's trading live or memorex. The bottom line in the signal receivers account will grow. Period. There may be a benefit to having a good trader posting signals as such. I may just come back and do this in April. But I must admit that I will be somewhat tied up performing the same feat at Collective2. Also, if I do come back to repeat it. I would like for Southall, Mr. Scalper, buy1sell2, to do the same. A challenge to you three.