brownsfan019

Nice looking blotter from 10-31 (from ET). TV, the guy who posted that blotter, has some good things to say in the thread and constantly produces blotters that would impress most people. Here we have a guy that has posted throughout the thread and has not messed around when it comes to putting it to use. Much more than myself. In particular today he posted these screenshots: So if you are struggling and/or looking for a fairly simple idea to work with, I would take a look at the thread on ET. It's much too long to copy and paste here or I would. It's not often you find threads where an idea is discussed AND then you see live blotters posted. It's just not that common. The easy answer is b/c those posting simply cannot replicate in real-time how easy/good something looks in hindsight. This thread however does just that - gives you the foundation to work with and then you see some guys doing it. Some are fairly plain vanilla while a couple are trying to create something more complex that works for them. This is not a step-by-step, A B C hand-holding methodology. It's a foundation and it's up to you to build upon it. But IMO it's a great place to start.

pop, All I can say is that I have never had a bracket rejected, but I am also not trading 150 times in a day (holy sh*t by the way) nor are my stops at 3 ticks on the ES. There could be a variety of factors here... ES volatility currently Speed of your internet connection (which is essential doing what you are trying to do here) Speed of your computer Normally, these would be minimal issues for most retail traders since most are not trading 150 times in a day. As a scalper, which I think is fair to say here, you might have a unique circumstance that may require a different setup. Don't get me wrong, I love OEC, but I cannot say for sure it's the best setup for a 150 trades/day scalper. I do have a question - when you enter orders, are you entering at market or limit?

I was trying to keep up but there's no hope. I had about 40 new messages and I click once and now there is 50. These people are fast typers!

Someone make it stop! LMAO. :rofl:

You'll risk 50% of your capital on 1 trade? Wow. That's some serious risk or faith in your system. :\

James, Looks like your new business plans area will become more popular than the trading stuff in about a week or so! Haven't seen so many new messages from new people in a long time, but none about trading. Whatever marketing plans you are using, THEY ARE WORKING. LOL. James the Internet Marketer Guru!

pop - let me know how that goes. As for stop placement, 4 ticks on NQ is $40 I believe (haven't traded the NQ in a long time) which is the equivalent of 3-4 ticks on the ES or 3 ticks on the Stoxx (markets I trade) and I could never trade on stops that tight. For me, have to give the trade a little room to work.

Pop, Just for sake of testing - try using this for the brackets: I realize it's not as complex as what you can do in the maker thing, but perhaps this could work better. I do not know if it will, just an idea. That's what I use for my brackets and never have any issues. Who knows, maybe the custom maker thing takes more time to execute vs. a basic bracket like this.

Interesting pop, never had any issues here with my OCO brackets. Are you using the pre-built bracket maker or doing this manually? I'm curious how close some of those stops are if price is moving past them before they can get on the dom... Seems awfully close to me for that to happen, esp in the current volatility. Again, screenshots/screen records would be great. Do it on simulation so no money at risk.

For anyone reading that is interested in the idea, here's 2 blotters that were posted from today so far: #1 #2 Nothing huge, but a nice profit on a FOMC day. Personally, I enjoy seeing blotters b/c it helps substantiate the idea being presented whereas many other threads all over the internet never provide any backing to what is being presented. It's great to talk about things after the fact, but that means nothing in real-time. In this thread there is discussions in real time w/ real blotters. Hard to find IMO. Fair warnings: 1) Is this the grail? Nope. You have to do some work yourself and customize the plan to fit you. As you can see in the thread, there are a number of variations in the idea. 2) Exits are key as well and again, up to you.

I have zero 'personal' issues here Steve. I have issues w/ someone that is trying to explain how an idea works when they don't get it. It's that simple. Feel free to start your own thread about your view of how a MACD system could work. As for this thread, I was hoping it could stay on the topic at hand but it's going off in a completely different direction now. I don't know how many more times I'll need to state this, but here it goes again... THIS IS NOT A MACD CROSSOVER ONLY SYSTEM. But until you read the threads, there's nothing to discuss further w/ you. You have your own version of the MACD trading idea in your head and I am referencing the threads on ET, which are two very different things b/c you are not taking the time to read the threads in their entirety. Obviously you have glanced at a few things and then think you have it figured out but that's not true here. It may be best to just delete this thread and start over. Or maybe just delete it completely.

Actually Steve the SMA is a big part of it. It's pretty clear who has actually gone through these threads so please go back to your thread and comment there until you actually read these threads. I believe 3 or 4 posts ago you said you were done commenting here, so feel free to follow your own guidance there. Thanks.

James, I think this area could be a great area over time. One suggestion to make it work and protect the person submitting the review is to allow the poster to submit the thread as an Anonymous user. As you saw in my thread about a vendor, they became rather obnoxious and while it just reaffirmed my opinion of them, the thread is no longer on TL. Not sure how that could work, but maybe a check box that when posting in this forum you can submit as Anonymous - user name AND IP address. Place a restriction that only premium members can do it since premium is now open to those with 300 or more posts. That would hopefully eliminate any abuse by spammers or those that just want to post rubbish and move on.

In this thread we can discuss the usage of standard MACD settings and any other ideas you may have on the topic.

Once again Steve, the SPM method outlined at ET (which is what I am discussing here) is NOT A SIMPLE MACD CROSSOVER. I don't know how many times I can say this yet that's what you are basing your opinion on. Either read the threads that I mentioned in their entirety or start your own thread on the merits of using the standard MACD. This entire thread is now polluted with your opinion about the use of the standard MACD, yet the threads I referenced are not about just using a standard MACD crossover. :doh: I'll ask another mod to create a thread dedicated to the MACD standard and we can move your posts there. Now if you want to read the threads and then discuss, sounds great to me. For example, I see no mention of the 3 SMA and pullbacks to it while anticipating the MACD movements in the direction of the current trend. 3 SMA here is a key part that you have not discussed which leads me to believe you have yet to read the threads I initially quoted.

No problem Steve. And when you are completely wrong, I'll be sure to let you know.

Ok, just making sure that you can discount a strategy based on lack of blotters (when clearly there is many there) but yet you do not do that... Any particular reason why we've never seen one blotter in all the ideas presented there? Since you brought this up, I think it's interesting that you have not posted a blotter once, unless I missed it... Again, you are totally wrong in your impression of the SPM. CLEARLY you have not taken any time to read the thread, so please refrain from commenting. Once you take the time to read it, then we can chat. Till then, your comments are wrong and incorrect and will be moderated appropriately. So please stop posting incorrect information. I would like any trader reading the thread to get views from a person that actually has taken the time to read the thread to begin with.

That's not true at all. Blotters throughout both threads that I posted Steve. Take a look before commenting. Here's one that was posted today - http://www.elitetrader.com/vb/attachment.php?s=&postid=2148719 Speaking of blotters adding to validity of a system, when's the last time you posted one in your thread? Just curious. As for the validity of this, it is NOT MACD crossover only system. Again, you'll have to take the time to read the posts before commenting. I'll defend anyone's right to post ideas on a thread, just as I did on yours, but all I ask in return is that you read what you are commenting on BEFORE criticizing. As the threads I linked to show, main chart is a 2 minute chart. Again, if you had done any looking into it before posting, you would actually see that the 2 min is quite nimble and there are few 'too late' to the party trades. Of course there are some losers. Most systems have losers although I'm not sure we've ever seen one in your thread. Regardless, the SPM is a good idea or a base to work from. It's not perfect in and of itself, does require some work by the end user.

He is your man for the job. Just ask nicely. I think some around here take his work and generosity for granted.

I'd like anyone that has not donated to consider something as we wind this down soon. I think they will collect donations till the end of the year, but I also know with holidays around the corner it makes fundraising that much more difficult. Currently we are $200 shy of our goal for this go around, so if you are reading this and can find a donation (regardless of size) that would be greatly appreciated! Thanks for your consideration!

I agree, well said!

Every so often you can find a thread over at elitetrader that has some substance. I think this is one. The technique is referred to as the SPM - simple profitable method - and having taken a closer look at it, there is some merit throughout it. I posted the link here for anyone that doesn't visit ET or maybe missed it as most threads there are rubbish. This thread is where a good chunk started before being closed. Take a look and you'll find there are some helpful folks there that will answer questions, post screenshots, etc. Again, something you don't find often at ET. There's a chance it could eventually get closed or deleted since these things have a habit of railroading off into another direction. Stop by now before it's too late.

Not bad - so the question is - is this a momentary correction due to this volatility or the start of the end of the system? Figure that out and you can become wealthy over time.

Try here or here Have fun....

Controversial... Hmmmm... The first one that comes to mind is Jack Hershey. Plenty on him over at elitetrader. Then you have methods based on moon patterns, weather changes, etc. Those are pretty wild if you ask me. Some would say that Gann's work is iffy at best, some love fibs, others hate them...