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Use your brain! Mechanical indicator-based systems don't work
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Use your brain! Mechanical indicator-based systems don't work

  #31 (permalink)
Elite Member
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it just sounded literal lol and if i was a novice i would have said wow i dont need s/r in my trading and been a novice for another 5 years or so untill someone told me hey why dont you look left on your chart at where price was no disrespect meant at all and im sorry if any was taken...sharky

KILLING THE MARKETS DAILY
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  #32 (permalink)
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Five minutes before the market opens, I take a very eclectic and secretive formula that has been in my family for 75 years. Oh, heck...I'll just go ahead and tell you guys.

Five minutes before the open, flip a coin. Heads, buy at the open...Tails, sell at the open. If your wrong, stop and reverse after a 5 or 6 tick loss. Do that 3 or 4 times, or until you get a 3/1 risk reward trade. You'd be surprised...

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  #33 (permalink)
Market Wizard
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trade2win View Post
Sharky,

You took my post literally. I just inversed his post to make a point. It is interesting the type of response that is garnered by simply changing == to !=.

I explained to Rjay what I think a good exercise is.

I appreciate your posts. Like Rjay, I respect your posts as well.

now that was a good one.

p.s. are all your posts simply changed == to !=?

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  #34 (permalink)
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Silvester17 View Post
banbrooke,

"anything else is not really working and this "system" works for all the time".

that was a joke, right? I even know one system in this forum (he has his own thread, no names), where you don't stand a chance with your system. I'm glad it's working for you, but please....

my thoughts on your 4 points:

1. rather watch spongebob than listen to squawk box
2. agree, but don't think D9 is very helpful
3. agree with the levels. but going to tell you what big guys are looking for: it's called
order flow. or with other words frontrunning.
4. extreme moves, sure why not. but not with BB

don't want to be rude, but other people are making money too without your system.

i didn't meant to say that this is the only system that work

i meant to say that is system works for me , everything else i try didnt work and i find that this works for me , i fell more comfortable when i take a trade that GS took at the same time

also you said and T2W that GS out run their customers and you hear it on the squawk dont you want to take the same trades?

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  #35 (permalink)
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trade2win View Post

1. Blah! The price will show you faster.

2. Favorite indicator is a live car. It's either green/red with Zero lag.

3. The big guys are looking at inside information and inside the envelopes that you wait for on Weds and Friday mornings. GS for example is looking at what their clients are doing and front running them.

4. I use a pen and paper if I am flat, or I can see the extremes easily because I am either really red or really green. The best part is it's real time and highly accurate.

Try this for one week.

1. No STOCK NEWS, TV, INTERNET, NOTHING!
2. Pick one instrument. ES is good or TF, or YM for example.
3. Use ONLY NT's "Basic Entry" for all info for that instrument.
4. For tracking info, pen and paper. That is it. You record whatever you want, but you can only get data from your brain and the Basic Entry Windows.
5. No cheating.

The best indicator that guarantees ZERO lag, is a lot that you own. It's either making you money or losing you money and it's happening fast or slow.

If you stare at just the price and build your own tape manually based on key pricing. you will find it's everything you need to make money consistently.

Do that for one week. I would wager that few if any on this board could do it. They would either cheat, change their mind, or do whatever they could to get out of it.

This is why 5% make money, and 95% lose money.

Do this exercise, then come back and tell me what a joker I am.

All you need to make money in the market is price and a pen & paper. This is not to say you can't improve with other information, or make things worse.

The best indicator is your Profit or Loss at that moment. It will tell you if you are on the right side of the market or not.

Good stuff! Some of the best post I've read in a long time.

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  #36 (permalink)
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trade2win - show us ur account balance - block the account number

or where u put on the trade on the ninja chart is fine

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  #37 (permalink)
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The biggest issue with mechanical systems are, as cunparis has so greatly showed us in his dedicated posts, that the conditions of the market are constantly changing.

Have you ever thought of what the market actually is?
Well, it's a place of expressions actually based on a multiple of individual decisions expressed in a collective dominant mind. Nevertheless, every single transaction is important in the construction of this collective mind. That's why it can't be predictable. If I tell you guys to think of, or imagine a shoe, every one of us is able to do that, but we're all going to be perceiving different shoes. But together we've agread about the shoe.

Now, the same thing happens in the markets. The problem is that we're constantly trying to decipher each others shoes or better said how the collective shoe looks like. And if that's not enough, we're trying to do that by predicting the shape of the shoe into the future.

That's OK, in one's individual life. You're going to sleep, and you're putting on the same shoe each and every morning. And by doing that you get the impression that you're able to predict your future actions constantly. But the markets are a different history because that would be like steping into the mind of your neighbour and predicting his kind of future shoe plans. You have all the information about the use, and the needs but you're never going to be able to predict exactly what and how that's going to unfold.

Now, because market action is taking place in the now, and going towards the future, with the constant or maybe I should say the infinite variable of unfolding into multiple possible ways! Isn't the notion of predicting the future by looking into the past ironic?

Indeed it is! But still, we're experiencing a lot of phenomenon in our lives that gives us the impression of that being possible. One of those phenomenons are the anual seasons. They work in a cykle type of fashion and they keep on repeating themselves. Is that true or is that just something that our mind gives a certain pattern value in order to simply things for us?

In a way it is true but in another it's a lie. Why? Because they do repeat, but the context within the repetition is never identical. The truth that remains is that the cycle repeats itself.

Isn't that what happens in the markets as well? The cycles repeat themselves, (up trend, down trend, sideways, head and shoulders, triangles, etc) but the context within the repetition is never the same. The outcome or the effect is somewhat valid but the contents are never the same.

Why is that so? Because the contents consists of human minds. We all see the shoe but never the same one! KISS KeepItSimpleS.....actually I was going to say Sweetheart .

We will never be able to predict the content of the human mind individually. Collectively yes, but that's always the result of a construction that ones is not able to identify (at least on a regular basis) or is going to be aware of, only when it sees it shaped.

Now, can you see the irony (one of them at least, there are several in my opinion) of indicators. They try to predict the future by projecting the past onto the future, missing out the constant variable of multiple contents.

And by the way, why do we constantly have the wish of dismissing our own mind capacity in order to have a computer doing it's job for us?

In order to put all this together, we have to understand that our expectations are based on the past. And that the past is repetitive, but the content is not.

/George

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  #38 (permalink)
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gio5959 View Post
trade2win - show us ur account balance - block the account number

or where u put on the trade on the ninja chart is fine

It is 11:18am EST
CASH DOW is 10397 (10400 is now resistance)

We will make new lows today. That is means no less than another 45-55 points lower from here. (but based on the price action, looks like more than 50 points lower)

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  #39 (permalink)
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trade2win View Post
It is 11:18am EST
CASH DOW is 10397 (10400 is now resistance)

We will make new lows today. That is means no less than another 45-55 points lower from here. (but based on the price action, looks like more than 50 points lower)

So we are down about 50 points on the cash dow. We are looking at triple digit losses. Probably about -125 to -140. But at least 50 points from here. (-90 or more on the day).

Highs are in for the day.

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  #40 (permalink)
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The solution to all this is to get rid of your past. The past contains the the past and nothing else. You have to adopt a different mind set. Normally we live our lives by our expectations. Stop doing that in the markets. Concentrate on the now, that's where the action is taking place. Get rid of your past, and you'll get rid of your tunnel vision.

One way of doing that, is what my old NLP buddy is suggesting. Get rid of news, financial media, trading buddy's, and stop reading predictive material.
The reason is to filter out, every single thing that's constructing your expectations. You have to understand that by watching an indicator, or the financial news, the only effect of that is that it gives you expectations. Now, the problem is not having them, the problem, is the way you react when they're not met.

Pick up one market and get familiar with it. Start by observing it, without acting, just observe it and see what it's telling you. Get familiar with it, in the now, don't expect it to do whatever you expect it to do. Just watch it, and let it tell you what it is doing.

After you've got familiar with that. Change your mind set once again, and start to think in terms of:

The only thing I need to do, is to throw my money in, in order to see what's going to happen. And when I do that, I'm only going to throw in a small amount of money, only and only to find out if, what I perceive in this moment is going to take the shape of a probable desired action.

That in my opinion is "all you need"!


/George

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