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My 6E trading strategy
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My 6E trading strategy

  #1101 (permalink)
Membership Revoked
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bluemele View Post
Bobby, TRS was just trying to help you. He wasn't criticizing or condemning you but standing from the outside and looking in.

You haven't seen Charles trade long enough, nor have you probably mastered his system. I think Charles has probably learned (I don't know the rules, sorry...) that he has to have a higher TP to accommodate maybe a string of losers.

I am glad you are gaining confidence. It is nice to see.

It is always a pleasure to interact with you Bluemele!!

Funny, why is it always so much easier to believe the negative??
I have recently recovered 2k although as you say I probably have "not mastered his system"

Imagine what I could do, when/if I do master his system???

Bluemele, as long as the ego rules, it is very hard to truely win!!!!!!

All input(a.k.a disguised ego attacks) are welcomed!


Last edited by bobbyacim; August 23rd, 2011 at 11:04 PM.
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  #1102 (permalink)
Banned: trolling
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Chas method is conservative,

one has to learn his system and objective behind his conservative style.

as with all trades the possibility of loss or drawdown during the holding period of the trade, can and does occur,

perhaps a few consecutive stops, and if properly managed, and one doesn't freeze at the switch, one can step into the pitch and lower the stoploss on a losing trade, or move one's stop into the BE+1, BE+2, BE+3 range before an unanticipated reversal occurs and let it take you out, but out with the ability to trade again.

his conservative method lets many trades that don't set up properly, just go. the logical opposite of that is chasing, which one never knows whether one is buying the top or not

his conservative method stops out at 21 ticks and is being improved with the latest methods, so that the 40pip, 60pip, 80pip, 120pip, 160pip, 200pip runs can be had

there are a few services out there claiming to capture huge end to end moves, particularly in the overnight session

Chas method isn't a panacea, its reality tempered down to tolerable levels,

the logical alternatives can be found in the chatbox and other threads.... pick your poison

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  #1103 (permalink)
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kronie View Post
Chas method is conservative,

one has to learn his system and objective behind his conservative style.

as with all trades the possibility of loss or drawdown during the holding period of the trade, can and does occur,

perhaps a few consecutive stops, and if properly managed, and one doesn't freeze at the switch, one can step into the pitch and lower the stoploss on a losing trade, or move one's stop into the BE+1, BE+2, BE+3 range before an unanticipated reversal occurs and let it take you out, but out with the ability to trade again.

his conservative method lets many trades that don't set up properly, just go. the logical opposite of that is chasing, which one never knows whether one is buying the top or not

his conservative method stops out at 21 ticks and is being improved with the latest methods, so that the 40pip, 60pip, 80pip, 120pip, 160pip, 200pip runs can be had

there are a few services out there claiming to capture huge end to end moves, particularly in the overnight session

Chas method isn't a panacea, its reality tempered down to tolerable levels,

the logical alternatives can be found in the chatbox and other threads.... pick your poison

Kronie, BEAUTIFULLY SAID!!!!

 
  #1104 (permalink)
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cjbooth View Post
No I do not use lower tick charts.

I have GIVEN you a plan

YOU learn the plan

YOU trade the plan

you dont need more indicators or charts you need your TIME to study what I have given you

Charles

I've only read part of this thread, and don't really know too much about your method.

Regardless, I think it's funny that you share a(n apparently) profitable method and people spend most of their time tweaking it, before they even master the basics... Even funnier is that if they fail at trading, they will still blame your system.

One has to account for the possibility that any system can be approve upon, though. But usually that requires a solid understanding of the foundation.

There really isn't much joy in sharing specifics on how to trade profitably, it's usually lose-lose situation...

 
  #1105 (permalink)
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Nice to hear it's working for you Bobby.

As Charles noted in the live trading room, that in the last two weeks there hasn't been as many clear and clean setups on the Euro especially during the Euro session. Sometimes we are all waiting for hours and skip out "unclean" setups. Now more often while getting close to a "trigger" point, suddenly price moves fast and ruins the setup or jumps the other way. Hopefully HFT is not ruining this edge and this is more due to the European crisis.

There have been a few traders in the room who report they made trades "in between" and also on the ES using Charles' method or their own method or a mix. Like what has been mentioned on this thread often, this system is very conservative. Those who have their own scalp method can probably scalp in between the setups. I recall in a webinar of Al Brooks, that he said scalping with a 1:1 or even 2:1 ratio can work provided the scalper was good enough with a 90% consistency.


Last edited by Cloudy; August 24th, 2011 at 08:06 AM.
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  #1106 (permalink)
Trading Apprentice
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Market Delta


jpygbp View Post
I am going to try to re-create this in marketdelta and see if I can get the cloud to plot like your example.

Thanks,
Dan

Hi Dan,
Did it work in MD as same as Cj example? Also do you have the other filters which he uses in MD?
Thanks
Zee

 
  #1107 (permalink)
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??

got email from Charles, the room closed. what happened?

 
  #1108 (permalink)
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Read the email. His explanation is in it. I don't blame him. People are jerks.

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  #1109 (permalink)
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I also received his email and I understand his point of view. I did respond to him with support and encouragement along with some ideas on how he might be able to move forward. I have been in 4 or 5 trading rooms as I enjoy being part of a group during trading hours. He has a unusual talent of being a great trader and a great educator. I hope there is some way he will continue.

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  #1110 (permalink)
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I also hope he will reconsider, I was hoping to ask him to do a futures.io (formerly BMT) webinar in October.

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