NexusFi: Find Your Edge


Home Menu

 


Quotes by TradingView
Go Back   >  Search Forums  > 

Page 1 of 2 12
Showing results 1 to 25 of 36
Search: Posts Made By: monpere
Forum: Trading Reviews and Vendors July 26th, 2011, 08:29 PM
Replies: 303
Views: 97,230
Posted By monpere
Don't recall seeing any here. What I know about...

Don't recall seeing any here. What I know about hidden divergence I learned from Felton, but as I said, I never was comfortable with the concept and the market phenomenon behind it, so I never tested...
Forum: Trading Reviews and Vendors July 26th, 2011, 06:04 PM
Replies: 303
Views: 97,230
Posted By monpere
What you described is the reward/risk ratio for...

What you described is the reward/risk ratio for the trade. It is calculated on a trade by trade basis. Expectancy is calculated on the entire method based on a large sample of trades. That's why i...
Forum: Trading Reviews and Vendors July 26th, 2011, 03:59 PM
Replies: 303
Views: 97,230
Posted By monpere
Excellent advice. To make the task less...

Excellent advice. To make the task less daunting, you don't even have to start from scratch. The current method you are trading is hidden divergence, and it seems to resonate with you. Ok, start...
Forum: Trading Reviews and Vendors July 26th, 2011, 01:11 PM
Replies: 303
Views: 97,230
Posted By monpere
WRONG AGAIN! If what Joe Blow says seems sound...

WRONG AGAIN! If what Joe Blow says seems sound and resonates with you then, YOU take it, and YOU backtest it, and YOU prove it to YOURSELF, before YOU put a DIME behind it !!!

YOU do the...
Forum: Trading Reviews and Vendors July 26th, 2011, 09:37 AM
Replies: 303
Views: 97,230
Posted By monpere
That's great advice... but it's rubbish, since I...

That's great advice... but it's rubbish, since I haven't seen your brokerage statements ;)
Forum: Trading Reviews and Vendors July 26th, 2011, 09:14 AM
Replies: 303
Views: 97,230
Posted By monpere
Well given that you are still not profitable...

Well given that you are still not profitable after 6 years and $10k, then every person you learned from, and every advice you have ever gotten must have been from un-profitable traders. Someone,...
Forum: Trading Reviews and Vendors July 26th, 2011, 04:34 AM
Replies: 303
Views: 97,230
Posted By monpere
Here's a question, what would be the result if...

Here's a question, what would be the result if every member on futures.io (formerly BMT) just showed their broker statement, instead of sharing their method, or gave any advice? Just a string of...
Forum: Trading Reviews and Vendors July 25th, 2011, 05:09 PM
Replies: 303
Views: 97,230
Posted By monpere
The thing about statistical analysis in trading...

The thing about statistical analysis in trading is it has to be pretty specific. Felton may have determined the 79% win rate on a daily chart of the Japanese Yen with a 250 tick stop, and a 5 tick...
Forum: Trading Reviews and Vendors July 25th, 2011, 02:16 PM
Replies: 303
Views: 97,230
Posted By monpere
I don't know how a 2 tick stop generally behaves...

I don't know how a 2 tick stop generally behaves on the ES, but I know I can't get away with that on the instrument I am familiar with like CL, GC. When you say the hidden divergence you trade has a...
Forum: Trading Reviews and Vendors July 25th, 2011, 12:55 PM
Replies: 303
Views: 97,230
Posted By monpere
In an objective approach, no matter how much a...

In an objective approach, no matter how much a setup is yelling, it does not hold any more weight then any other occurrence of that setup. If my historically determined expectant win rate for that...
Forum: Trading Reviews and Vendors July 25th, 2011, 08:41 AM
Replies: 303
Views: 97,230
Posted By monpere
That statement is the reason why you should not...

That statement is the reason why you should not have been in that trade. It is the classic psychological greed complex that pushed you to try to trade an instrument you are not intimately familiar...
Forum: Trading Reviews and Vendors July 24th, 2011, 09:35 PM
Replies: 303
Views: 97,230
Posted By monpere
I bill per hour ;)

I bill per hour ;)
Forum: Trading Reviews and Vendors July 24th, 2011, 01:50 PM
Replies: 303
Views: 97,230
Posted By monpere
Not sure if that was a compliment or a blame! ...

Not sure if that was a compliment or a blame! But, I would say here be cautious not to trade with the goal of recovering your losses, but rather with the goal of trading well, and let the money...
Forum: Trading Reviews and Vendors July 23rd, 2011, 06:26 PM
Replies: 303
Views: 97,230
Posted By monpere
Yeah, different personalities require different...

Yeah, different personalities require different motivations. I never really asked anyone if they were profitable with their method, I never really cared. But what I want to know is what is the...
Forum: Trading Reviews and Vendors July 23rd, 2011, 11:29 AM
Replies: 303
Views: 97,230
Posted By monpere
Yes, that question has been answered. Now what? ...

Yes, that question has been answered. Now what? You can get 350 profitable broker statements, they all mean nothing if you yourself are still losing money. Witnessing those statements does not turn...
Forum: Trading Reviews and Vendors July 23rd, 2011, 09:56 AM
Replies: 303
Views: 97,230
Posted By monpere
Dude, cool the jets down a bit. Stop believing...

Dude, cool the jets down a bit. Stop believing the hype. Don't get taken in by every shinny thing you see, that has already cost you $10k. Don't get so excited just because some guy says he is...
Forum: Trading Reviews and Vendors July 22nd, 2011, 11:37 AM
Replies: 303
Views: 97,230
Posted By monpere
As long as 95% of traders think they will be one...

As long as 95% of traders think they will be one of these people, as long as the majority think they can feel their way to profitability, there will be threads like this one. It will never change. I...
Forum: Trading Reviews and Vendors July 22nd, 2011, 08:11 AM
Replies: 303
Views: 97,230
Posted By monpere
I think traders who can trade like this are...

I think traders who can trade like this are indeed a rare breed. I believe they are born, not made. I think it is a mistake to want to emulate that if you don't have that inbred aptitude. You have...
Forum: Trading Reviews and Vendors July 21st, 2011, 05:28 PM
Replies: 303
Views: 97,230
Posted By monpere
Exactly, the moment a vendor mentions the word...

Exactly, the moment a vendor mentions the word discretionary, then if you make money, then it is because of their awesome system, but if you lose money, the problem will always be you, not their...
Forum: Trading Reviews and Vendors July 21st, 2011, 04:28 PM
Replies: 303
Views: 97,230
Posted By monpere
There has been 17 people in the last 5 post that...

There has been 17 people in the last 5 post that have said "Work on Yourself". I guess that means, go to the gym 3 times a week, hire a personal trainer, buy some Tony Robbins tapes, eat more fiber,...
Forum: Trading Reviews and Vendors July 21st, 2011, 12:40 PM
Replies: 303
Views: 97,230
Posted By monpere
If if can't be coded, then it can't be backtested...

If if can't be coded, then it can't be backtested programmatically. But you should be able to backtest it manually. Load up your chart with as much historical data as you need, and start scanning...
Forum: Trading Reviews and Vendors July 21st, 2011, 09:21 AM
Replies: 303
Views: 97,230
Posted By monpere
Great looking trade. But remember that...

Great looking trade. But remember that mechanical trading is not just about the entry, it is also about risk, and that translates to stops and targets. So, before you enter, consider where your...
Forum: Trading Reviews and Vendors July 20th, 2011, 09:52 PM
Replies: 303
Views: 97,230
Posted By monpere
Agreed, I think we are saying the same thing. ...

Agreed, I think we are saying the same thing. The only thing is a mechanical trader will not take a sloppy double top divergence, unless he has a heading in his trading plan that says "ES 5 Minute...
Forum: Trading Reviews and Vendors July 20th, 2011, 05:01 PM
Replies: 303
Views: 97,230
Posted By monpere
Yes the entry is also mechanical. It is defined...

Yes the entry is also mechanical. It is defined with multiple steps of criteria that has to be met, but given that I only trade that setup (actually I trade 2 setups) I am so familiar with the setup...
Forum: Trading Reviews and Vendors July 20th, 2011, 03:54 PM
Replies: 303
Views: 97,230
Posted By monpere
A mechanical approach defines a trade from the...

A mechanical approach defines a trade from the moment you see the signal, to the moment, you hit your target, or your stop. This includes signal filtering, trade entry, money management, trade...
Showing results 1 to 25 of 36
Page 1 of 2 12

What unexpected challenges have you encountered while trading on a "Funded Trader" platform?

View Results Discuss Poll
 

 
 


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top