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Millionaire in 10 weeks & Conversation with broker


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Millionaire in 10 weeks & Conversation with broker

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  #71 (permalink)
Site Administrator
Manta, Ecuador
 
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If this is your reaction when your ideals are challenged by people that have far more experience than you, then yes I agree -- you should quit the forum.

Just use an Word doc -- it won't challenge anything you say.

Now, if you want free and useful help, you might find it of value to adjust your attitude and listen to the traders that have made real money. From what I can tell, you are on sim, you've been a member for over 6 years here and haven't found a reason to justify the $100 to support our community by becoming Elite, you want to trade Micros --- this suggests you are quite likely attempting to trade from a position of fear without being properly capitalized. There is no worse place to start.

Best of luck whatever you decide.

MerlinWorld View Post
Nah, no thank you. What I have seen and heard in my past 15 years of research in Trading is so boring, it makes me wanna cry.

Everybody keeps telling me... shut up and listen, think like us, do what we do, say what we say, don't rock the boat...KIDDO!!!, you just don't get it do you, this kid doesn't know life yet, don't worry guys, he will get it.. one day...

My response is this...

You don't like what I say? then don't talk to me. You don't like me on this forum? then just delete my account. I am telling you now, you can bitch at me or scream at me or tell me to stop behaving like this and fit in YOUR RANK, I'm sorry, I won't! I have ALWAYS been a black sheep, always went in the opposite direction of the mass and THAT makes A LOT of people mad and to be honest, I don't give a damn.

So go ahead, bitch at me all you want, laugh at my ideas, my concept, call me a dreamer, a "kid who don't know anything about trading", I don't care. Just don't stand in my way.



NOW!....Is there ANYONE here who knows about C Sharp so that we can program and backtest this system?

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


Big Mike View Post
you want to trade Micros --- this suggests you are quite likely attempting to trade from a position of fear without being properly capitalized.

Well that's your pov on it Mike. Not sure I agree with it.

You see, am I scared of the market? Of course I am, I got burned in 2005 and anyone who got burned will always be cautious again. Scared enough to be paralyzed by fear? Oh hell no.

You have a point regarding Micros but it's not so much about fear, it's about the ease of entering the market not just for those who have been burned like me but to those who don't have a lot of $$ to burn.

But my system is exactly that, the cure for fear of the market!

Think about it for a sec. If you guys are good traders, WHY did most of you traded just ONE CONTRACT at a time? Isn't this a bit because of the fear of losing BIG amounts? Chances are the answer is yes and that's ok, you would be foolish to not be scared when you start trading 5, 10, 50 or even 100 contracts.

However, look closely at my Money Management Diagram below...

Do you see that EVEN if you get to the Million $ column and lose by getting a 100% drawdown after losing 5 pts in a row, you "only lose" the green $125,000. You still have the orange $125,000 in backup to restart that climb. And if you lose that one, you got the $25,000 orange block to restart from and then the $8,000 block and the $2,000 and then the $500 and FINALLY EVEN if you lose all those backups, YOU STILL only lose that original green $25 that started it all... which is well.... NOTHING.

You see, Micros not only are so cheap that ANYBODY can get in the market but with my MM Technique and all it's backup levels, you can trade without any fear.

If you are still afraid to trade when the numbers get bigger, then do what I am doing here. I call this the "3 doublings and back" method.

Say that you managed to go all the way to the 64 contracts at the end of level 4. What you can do is take that 16,000 and store it back either as 640 block of $25 and restart from beginning or... take that 16,000, divide it by 8 and store those 8 blocks of $2000 to restart the Level-4 climb.

With last Friday and today's 5 pts, I have already done 2 out of the 3 doublings of Level-1 that will make me a total of $200 that I can split into 8 blocks of $25 and restart that level-1 again not caring that much whether I make that 3 doubling climb again because I will have 8 orange blocks of $25 as a backup and I'm pretty sure one of these 8 blocks will do that 3 doubling climb again.

It's ALL about making those 5 pts trades. NOOOOO... not every single day, NOBODY can do that but when the market is moving, my 2 clouds can find the trend of the day and when those dips occur, I will be ready to pull the trigger.

I know you must fight the envy to kick my ass out of your forum but just be patient here, when the master coders jump in, you will thank me for it.

I know this will sound cocky but this could easily be trading History in the making here.


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


Here's something you will like.

I may have improved my trading system even more.

You see this dip below the gray cloud? The best entry would be on that green circled pivot of course but how do you know that THIS pivot will be the one to jump in the game. The truth is, nobody knows and the problem is that you can't get in on every pivot you see because well...you see how many pivot we have in this dip?

So I was looking for ways to reduce those entry points.



What came to the rescue? That's right, my Squared MA again.

You can see that by adding that MA, it is blue on the way down but turns white on the way up giving us in the green rectangle the best pivot point to enter.

Another possibility is the red circle where you have a reversal (blue-white renko bar setup) ABOVE the MA.




So now we have the 2 clouds to find the trend, they also highlight the deepest pullbacks but now by adding another Squared MA, it also reduce the number of false entries.

It's getting better wouldn't you agree?

If you have any suggestion on how to improve that "dip entry" then please post it below.

 
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  #74 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
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MerlinWorld View Post
Nah, no thank you.

NOW!....Is there ANYONE here who knows about C Sharp so that we can program and backtest this system?

I think it is strange how you keep asking for help but have a demeanor that does not want anyone to make suggestions.

There are several people on this thread that could easily create your indicator.
The problem is, they all know it will not produce the results you seek.
Most of us have been there and done that and can see the indicator is not your problem.

I wonder why you have never seen the need to become an Elite member.
If you were, you would know that similar indicators you seek are likely already on the forum in areas you can't access.
Why re-develop an indicator that already exists or is almost the same with different settings.

One clue I will offer is this:
When I look at your charts, I see a Renko bar chart.
Those look nice and orderly and make a nice chart.

I stopped using those many years ago because they give false results in backtest.
They also show prices on each bar that never occurred in real time.
But... since you are a 'seasoned' trader, you already knew this. Right?

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


DavidHP View Post
I think it is strange how you keep asking for help but have a demeanor that does not want anyone to make suggestions.

There is a difference between asking for advice that will build my system and getting brainwashed to think like everyone posting.

Why is it so hard to just help me hit the wall like you all think I will instead of trying to make me do and think like you?


DavidHP View Post
They also show prices on each bar that never occurred in real time.
But... since you are a 'seasoned' trader, you already knew this. Right?

Well of course.

Those are called phantom bars, they are not just on Renko but on Range bars too. Do you know about Cynthia Kase, if not watch her clips on YT.

 
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  #76 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
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Then, why use Renko bars to backtest?
Because they are false bars, your testing will be skewed (or screwed) to fail. LOL

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Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
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  #77 (permalink)
Montreal
 
 
Posts: 128 since Jan 2013


DavidHP View Post
Then, why use Renko bars to backtest?
Because they are false bars, your testing will be skewed (or screwed) to fail. LOL

The failure comes form those phantom bars that didn't exist, once you check the box that removes them, you got bars that should be ok and not skewed anymore because they jump like any other bars when the price makes gaps.

You can always backtest with kase bars or 1 minute bars on a tick by tick case.

 
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  #78 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
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@Fat Tails has a great post here about Renko.


FWIW

You can use other bar types but your examples of your hypothesis is with a flawed bar type which flaws your hypothesis.

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  #79 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
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shodson View Post

LOL...
Share please, I love popcorn

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  #80 (permalink)
Pretoria Gauteng
 
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I have been following the thread and thought I would not reply, but maybe this helps you a bit, I hope that you read and think about this carefully.


MerlinWorld View Post
......Now are there any serious C Sharp programmers in the house so that we can move on to more serious matters here?
Merlin

Yes, there are many seriously talented C# developers on this forum, most of whom have implemented much more challenging solutions than this. It is not about getting the serious developer. Have you stopped and asked yourself why none of us developers are jumping at the opportunity yet? Let me tell you why I didn't put my hand up.

Whenever someone asks for support one of the most important things for me is seeing how willing they are to interact, listen to criticism (constructive or not) and either incorporate or refute the facts and in what way they do that. This gives me and idea of how flexible they are on working on a solution and changing if necessary to get to a good solution. It is not about if the solution works or not, it is about how the journey will be with this person to get to a solution, if that makes sense.

I looked at the thread and your immediate reaction to all the input you have been given (most of which is meant to guide you BTW, that's what this forum is brilliant at) and decided that it might not be a very good journey.

I wish you luck and hope you find a developer to assist you.

Good Trading,
John

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