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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

  #51 (permalink)
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Silvester17 View Post
sorry george, but without the past you can't trade. you need the past to see highs and lows, you need the past to find support and resistance areas. you need the past to see how price and volume are developing (even if you don't have any other indicators).

p.s. reading your post, it seems you can't let go from the past either

excellent post silvester17

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  #52 (permalink)
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Silvester17 View Post
sorry george, but without the past you can't trade. you need the past to see highs and lows, you need the past to find support and resistance areas. you need the past to see how price and volume are developing (even if you don't have any other indicators).

p.s. reading your post, it seems you can't let go from the past either

Silvester,

You may not confuse skills acquired in the past with expectations in the now.
Take a look again at Gio's so called diplomatic, I'm not guilty, because you don't have any evidence against me judge! He's meting the now, based on his former experience and interpretation of my posts. Nevertheless, he's not doing that with the lack of the past. He's using the emotional charge that's based on his past experience to project that on the now. If he would have let go of that emotional charge from the past, he would have reacted different when my posts showed up.

You're doing the same thing. You're basing your interpretations on the fear that if, you're letting go of the past then you wouldn't be able to find the support resistance areas, etc. You don't have to be afraid of that, in case you master those skills, and have the ability to identify them in the now. You're still doing it in the now. But the problems start to show up when you base your expectations on the past, meaning that you expect the past to repeat it self. And in case it doesn't, then you're in problem.

Another example is your way of understanding my post.
Silvester17 View Post
p.s. reading your post, it seems you can't let go from the past either

Based on the information you have and your feelings you draw the subjective conclusion that I have not let go of the past. If that's how you want to met the present of your reality then -Be my guest!!!
/George


PS: I truly hope that Gio doesn't mind of being used as a great example in order to contribute to a wider understanding. After all, this is what this forum is about. Traders helping traders. I don't mind if someone wants to use my posts against me or in conjunction with me, in order to clarify something or in order to learn and develop. By the way, in case Gio feels offended which I sincerely hope and don't expect him to be, I would like to apologize in advance!

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  #53 (permalink)
Trade with the flow
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trade2win View Post
Indicators however, are the key to trading.

You take ANY indicator that provides a 1:1 profit factor, and I can filter it and make money with it CONSISTANTLY.

Thank you for reviving an older thread (being serious, I'm not being sarcastic). I was a bit disappointed that this thread didn't get more responses when I first created it.

I'm interested in learning more about your method, but I need something more concrete. I'd like to start with seeing an example of an indicator that provides a 1:1 profit factor. Would you mind providing an example?

Thanks

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  #54 (permalink)
Trade with the flow
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Let's keep it civil and on-topic please.

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  #55 (permalink)
Trade with the flow
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trade2win View Post
I gave everyone my method in a post to Rjay. There is nothing to know cunparis. No secrets. Just get bid/ask/last, a pen and paper, and trade. You will know if you are wrong because you will be losing money. If you are losing money, then it's a good idea to stop losing money and get on the side that is taking your money.

The rest is fine tuning that last sentence and that comes from doing the exercise for no less than 1 week. No news, 1 instrument, no depth, no volume, no forums, blogs, newsgruops, blah blah blah. SHUT IT ALL OFF. SHUT UP AND TRADE.

That's my method.

If you can't do that, then I wouldn't trade. It's not for you.

Ok I got all that, but you said that you can make money with any indicator with profit factor of 1:1 so I'm asking you for an example. Will you provide one?

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  #56 (permalink)
Just starting out...
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Interesting way of trading...


trade2win View Post
It's for you to provide cunparis.

If you are asking for the 123 setup you can program and backtest to discount my post, that is not going to fly.

My point is if you give me any indicator, that you backtested and got 1:1 profit factor with, I can filter it and make money with it. Filter is to mean, look at chart for patterns I like such as triangles, flags, h&s, megaphones, etc. to coincide.

Also, look for angle of the moves, etc. Look at the distance between fast slow. Avoid lunch or high chop time frames (after hours, etc.)

Then of course I would filter out times like when news comes out Employment, etc. Fed, etc.

Personally, I would prefer to use no indicator, rather pen and paper and order entry window (or DOM actually). That's all I need. A DOM and a Day, and get out of my way.

Setup your DOM with number of rows to match the distance of a range that you like for the day, hour, etc. This will give you the S/R you need to know. Watch the speed.

That's all you need.


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  #57 (permalink)
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I think I said this before....Don't fight the tape.... little dots are highs/lows to check range for outliers, set chart horizontal lines to match your stop loss comfort level. enter in tape direction, monitor bid/ask and open p/l....folds in the tape (close prices) indicate pause in the price action over time (which you will see in speed of bid/ask) and possible local s/r...simple. Now add in greed and emotion - not so simple.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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  #58 (permalink)
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Ya Websouth, you gotta love that greed and emotion...makes me feel like I'm still wearing diapers sometimes.

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  #59 (permalink)
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frostbyte View Post
Interesting way of trading...

Too bad he decided to delete his post but at least you replied before he did.

I agree with his post. The catch is that *I* have to provide the 1:1 indicator. I have not found a price-based indicator that has a positive expectancy. Until someone produces one, I must assume that it does not exist.

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  #60 (permalink)
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cunparis View Post
Too bad he decided to delete his post but at least you replied before he did.

I agree with his post. The catch is that *I* have to provide the 1:1 indicator. I have not found a price-based indicator that has a positive expectancy. Until someone produces one, I must assume that it does not exist.

Cunparis,

Do you hear yourself?

I GAVE YOU AN EXAMPLE WITH AN INDICATOR THAT I PROVIDED!

This is why I started deleting my posts. I'm wasting my time and yours. You will continue to lose because you are a <what do you think most people would say>.

Enjoy being right. Ah the French.

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