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Millionaire in 10 weeks & Conversation with broker
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Millionaire in 10 weeks & Conversation with broker

  #151 (permalink)
Birmingham UK
 
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: TST/Rithmic
Favorite Futures: YM/Gold
 
ratfink's Avatar
 
Posts: 3,652 since Dec 2012
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MerlinWorld View Post
Do you get it now? If you don't then don't bother reply because I won't.

The only thing I get is that your level of delusion is only matched by the masters of our current worldwide financial Aliceland.

I am genuinely sorry that you cannot take a deep breath and just listen to what many experienced folks have been trying to point out in so many valuable posts. There are so may flaws in your thinking it beggars belief, just listening to the information offered rather than reacting as you do would save you a world of pain and wasted time.

Seriously, we've tried.

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  #152 (permalink)
Raleigh NC USA
 
Trading Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Optimus
Favorite Futures: Emini, gold, currency
 
Posts: 34 since May 2018
Thanks: 95 given, 27 received

Merlin:

I have only read a few pages of this post. I have seen and studied a lot of different trading ideas.

What I suggest is you implement your system trading a modest number of contracts. Post your daily results in a journal.

It is my experience that paper trading we can see all the entry and exit points clearly but when you have money on the line it is different. Make these real trades so you can post your true results until then this is all speculation.

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  #153 (permalink)
Legendary Guesser
Reading UK
 
Trading Experience: None
Platform: Custom
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,627 since Oct 2016
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ratfink View Post
just listening to the information offered rather than reacting as you do would save you a world of pain and wasted time.

You cannot deny a person the opportunity to learn the lesson for themselves. You can only mature and expand into new discoveries once the delusion has been stripped away. This must happen. He will be better for it.

I look forward to this because if he bombs badly, MerlinWorld probably wont post again for a long while.
But, if he makes his million, I will be downloading this indicator and trading his method with the utmost urgency

win win.

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  #154 (permalink)
Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
Trading Experience: Advanced
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Broker/Data: Ninjatrader / Optimus Futures / AmpFutures
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Grantx View Post
I look forward to this because if he bombs badly, MerlinWorld probably wont post again for a long while.
But, if he makes his million, I will be downloading this indicator and trading his method with the utmost urgency

win win.

LOL so true a win win for Futures.io

This thread attracts a lot of attention and gets many people reading posts on Futures.io.
Hopefully, noobies will learn something.


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  #155 (permalink)
San Diego, California/USA
 
 
Posts: 24 since Jun 2012
Thanks: 5 given, 19 received

Stop is way too tight. 5 ticks risk for 50 ticks reward. You also mentioned 1 tick stops basically entering the exact tops and bottoms and while using renko bars. It looks like you are hindsight trading. There is also position limits and liquidity issues. At minimum you will be required to be accurate 9.09% of the time with this 10:1 risk reward ratio to be profitable.

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  #156 (permalink)
Montreal
 
 
Posts: 128 since Jan 2013


Nicolaas View Post
But even with a 5 pt channel, what gives you the confidence that it would not change direction at moment of entry?

I don't and I NEVER said it would do that. Nobody can predict the price but that's NOT the topic of discussion here. The topic is whether or not this cloud indicator...LAGS...OR....NOT....and... IT DOESN'T...PERIOD.

Have a nice day.

 
  #157 (permalink)
Reno, Nevada
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ZN, ZB, CL
 
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Posts: 243 since May 2011
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MerlinWorld View Post
I don't and I NEVER said it would do that. Nobody can predict the price but that's NOT the topic of discussion here. The topic is whether or not this cloud indicator...LAGS...OR....NOT....and... IT DOESN'T...PERIOD.

Have a nice day.

Why doesn't it lag?

 
  #158 (permalink)
Montreal
 
 
Posts: 128 since Jan 2013


matthew28 View Post
I'll come back in three months and look forward to seeing the results.

Oh you might want to reconsider that. I believe interesting performance report will be posted sooner than that.

Like I said, I got burned in 2005 and want to take my time to get it right.

First, I knew that minute bars were too dangerous so many of us on TradeStation voted to get those price based bars (Range, Kase, Renko, etc) but I think TreadeStation only added them up in 2011 or 12 so that kinda delayed things for me but as you can tell I'm not in a rush.

Second, when you lost $22,000 you got burned real hard and it takes a while to recover from this. Even if you can find the money, you just don't get back in like some hot head and throw it back again to the market.

I needed to make some evil Machiavellian long term "Shawshank Redemption Style" plan to get my revenge on that Stock market form hell so I looked and red 1000s of post on TradeStation which I consider to be the best forum by far (sorry Big Mike, that's why I signed up here in 2013 but decided to go at TradeStation instead) to learn as much as I could by watching and learning form the best of the best, the elite of the elite, the gods of programming and their crazy indicators and charts that all look like Christmas trees. FASCINATING is the correct word here.

So I took all this info and added them all to my research started in 2004 by Micheal Parness (Remember that one guys called from the crazy Trend Trading to win infomercial? hehe).

This is where I am. I don't know everything (nobody does) but I can hold my own, probably could teach these "experts" here a thing or two.

So who cares it it takes another 5 years to reach that plan. If I tell you that you will be a millionaire in 5 years, would you take it or say NAAAAAHHH no thanks?

Anyway, we'll see, I'm in no hurry, 1 month, 1 year, 5 years, no problem, I can wait.

Cheers,

Merlin

 
  #159 (permalink)
Montreal
 
 
Posts: 128 since Jan 2013


phantomtrader View Post
Why doesn't it lag?

Go the previous page and watch the post where I have a screenshot of my channel and explain it to the guy (who apparently invented it hehehe) how it worked.

 
  #160 (permalink)
Legendary Market Wizard
Amsterdam, The Netherlands
 
Trading Experience: Intermediate
Platform: Ninjatrader 8
Broker/Data: NinjaTrader Brokerage
Favorite Futures: CL, ES
 
GruttePier's Avatar
 
Posts: 1,475 since Dec 2013
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I havenít read the whole thread, so Iím sorry if this question has been asked and answered already.

If I was as confident as you are, I would be trading this thing already. Nothing would stop me.
Whatís holding you back?


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