A yr later and still getting posts. I could show people how I do it in less than 5 min. I could also sell it. But I'm afraid someone might actually buy it. First thing they would say " That's it? That's all you do? "
It most likely will stop with me. I haven't come across anyone that I would trust with the knowledge.
Remember: No one gives the directions to their buried treasure.
His and Perry's are very similar. Of course, there is always 'discretion' and what happens is that as soon as there is 'any' discretion, there is a new 'rule', then it starts to change, indicators get added and it is like watching a dog chasing his tail...
All the brand new people have their first taste of how trading is an imperfect science... I was there not long ago....
Since there are some who are consistently successful, may I suggest that someone wanting to succeed at this business build it as a business.
One of the most difficult things I believe is finding a setup(s) that fit you the individual.. It is like finding the perfect glove. No matter how nice a glove may look on someone else if it doesn't fit you, you can't wear it... (Sorry for the anology).
You really only need one setup to make it.. just one. OF course it must be tested so you have the confidence to execute it consistently and also you need to know how to manage risk, stops, etc. You need to do the work.
If you know what works and you have the Stat's to back it up..then you are on your way..
I don't want to make this sound simple but many, including me, thought that complex was better..the "secret sauce." The special indicator nobody else has... just not the way it has to be..
It does take time.. today, with Sim there is no need to blow out your account. If you blow out your account either you haven't done the number crunching or, IMHO, you have a discipline/impulse issue.
I don't want to make this sound simple but simple, relatively speaking is better.
In this forum, there really are the keys to the kingdom..just make sure the glove you wear really fits...
Nothing To It But To Do It
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The difference with Perry's method is that Charles insists more on the context than Perry does. For some, it can make a difference. The basic trending system as proposed in his thread here on futures.io (formerly BMT) is complete in my opinion. No need to add the kwikpop or JSServices's levels.
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Finally, someone on Panda Warrior Journal page referenced the 'floor trader setup' (very closely related to my main trading method efuturevision); all good stuff.
I like established trends and then trading the 1st pullback (on a particular timeframe) within that trend.
Rinse repeat 2-3 times for the day and particular instrument and then be done with intraday fast volume chart trading and then look at my other short-term & medium-term swingtrading methods and go to the gym for lunch and relax in the afternoon.
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Just to add to this. Charles had been using kpjs during his original thread. He couldn't post screenshots with it due to vendor policy. He still prefers to use kpjs in his live trading troom. the JS lines help with targets, R:R ratios, and s/r. I suppose one could still use the basic method successfully and in combo with other methods. Personally I'm sold on JS, not as much on KP though I've gotten used it (and that KP also has their own room daily and there a few KP specific setups that Charles also uses in his room). I think most of us who continued in his room signed on kpjs mainly to be able to continue to attend and trade with and to be mentored by him.
Last edited by Cloudy; December 15th, 2011 at 01:10 PM.