brownsfan019

:cheers: I agree BF.

Question to our kind vendor - do YOU take all of YOUR trades? If you do, no need to sell the key for 500 bucks. You should EASILY have made over $500k by now w/ those numbers. But, of course you are not doing that, so then it's time to prey on people that don't know better and charge them a whole 500 bucks for that special key. If the course is as good as you say it is, then share it with TL. This forum after all is a forum of GIVING - see DB's area for a great example of this. While he has a book for sale at a very nominal fee, there is a ton of information provided there. Or if that will not work, provide a "TL" discount and like DB, sell it for a under $100 so more can take part and actually give it a test. If you do that, I personally will purchase it out of good faith. So let TL put the system to the test and maybe you can help out some guys that really need it and can't afford the 500 bucks right now - you know, all in the spirit of TL and bettering each other. We can put the track record to rest and move forward if you think you can do that here in the TL community.

It really is THAT SIMPLE. Here we have a vendor that may or may not take all of his own trades (good luck w/ that) and is selling the entire map for 500 bucks.

You tell me BF: Straight from the site in question, so please let me know how it's being "mis-represented". Oh yeah, in the 5 1/2 months of "tracking" this vendor is up 1044.75 pts. That equates to $52,237.50 PER CONTRACT for less than 6 months of trading. And it's all yours for under 500 bucks. What a joke. Seriously? Do you believe that? My point is if this person is willing to post such ridiculous claims, why even bother to try to learn from them? They obviously cannot trade, so they are selling their wares for 500 dollars, when the system has made over 50 grand in 6 months. Any red flags yet? If not, let's look at it like this - trade 1 contract and in under 6 mo's you have made as much as many make in an entire year at a job. Trade 2 whole contracts and you've made over $100k in under 6 months and can take rest of the year off. And if you really believe in the system trade 10 whole contracts and you are up over $500,000. But no... it's easier to sell it for 500 bucks a pop... Yeah... ok... :\

Oh yes, the vendor that has supposedly made 278.75 pts in the last 30 days, but is willing to sell the key for $495. Hmmmmm.... 278.75 x 50 = $13,937.50 PER CONTRACT TRADED Do people really believe this? Buyer beware. Why would any person sell something for $495 that was making so much $$$? It's actually not fair to the vendor to sell this for so little. :rofl:

While the entire strategy may not be laid out in 1, 2, 3 format; there is some good stuff there, esp for beginners (hence the reason this is in the beginner area).

Wave - demo Open ECrys platform too. I know they will provide a competitive quote. If you need further contacts, feel free to PM me and I will do my best to help out.

This thread over at ET is a good one being run by Don from Bright Trading. I haven't done much w/ it since I do not trade stocks anymore, but if you are trading stocks or need an idea to work with, check that thread out. WARNING: There's a lot of reading and studying that will need to take place, esp. as you click all the links in the 2nd post on the first page of the thread. Side note - it'd be great to have Don post over here as well, so maybe James could contact him and offer an official invite.

It's an interesting idea. We'll see if the journal gets a little substance or not.

If you've taken a look at the ES Journal at ET, you may have seen the 'rule of 10' mentioned. Someone decided to start a journal about it. This idea has always interested me, but I've never done any research into it. Hopefully the journal will keep up and not die down. It's an interesting premise for anyone wanting to look into it. The premise is rather simple - from a reaction high/low when price goes 10 pts from that level, look for a reversal. Here's how I saw today using the OP's chart: circles = possible reaction zones arrows = actual trades The OP is making the assumption of a 3 pt stop and 10 pt profit target. So the risk/reward is rather handsome. Of course, now the winning % will be the next issue at hand. For today, 8/6/08, I personally saw 2 possible short trades = one failure and one winner. Depending on entries and exits, the day could be a scratch if out at MOC or better if held overnight. This idea has always interested me, so it will be neat to see the OP carry the journal through.

A 30 or 90 second chart for a new trader is rather difficult IMO, but best of luck to our new friend here. To our new friend - In case you haven't seen, check out the candlestick corner that I started and moderate, which has some very detailed information.

Curious why the chart is a 90 second chart. That's awfully fast to be learning from.

Point is that you take posts that promote a service with a grain of salt when it's one 'random' person posting. That's the point. In case you haven't visited the forum circuit before, a VERY COMMON spam methodology of these companies that are too damn cheap to actually pay for some advertising is to post on forums hoping that some noob's will ready it and then go over there and spend money. So maybe if this new person would like to contribute to the forum and talk about what they've learned, how they use it, etc. etc. it might hold something. I'll go out on a limb and say we may never hear from this new poster again... At least nothing that will actually provide some meaningful discussions.

How about you post some charts so we can take a look at it?

Can't believe it's been 2 weeks. Feels like yesterday still. Not sure if this a good thing or not, but I am very much an 'out of sight, out of mind' kind of guy. While that has helped to not think about Patch and then the sadness from that, I then feel a little guilty that I have 'moved on' so quickly. Double-edged sword to say the least. Just can't believe it was 2 weeks ago today. I guess ti's good that time is moving once again and that I am back to my routine as best as possible. It just hurts. That's about all I can say ... is that it hurts.

That's actually not true at all. Your big money managers - American Funds, Vanguard, etc. - rely on fundies almost exclusively, unless the particular fund prospectus details otherwise. The big funds are NOT looking at VSA, waves, fans, etc. etc. They are too big to try to play a value area or the hammer on the weekly chart. They are the reason the VAH and hammers exist. The big boys CREATE the technicals that we look at as traders. I spent quite a bit of time at different funds while I was a broker and now that I have seen the fundie and technical side, I can tell you w/o a doubt that most (if not all) major funds are fundie related. And I'm talking the big boys here, the ones that have to take MONTHS to build a position. And MONTHS to unload a position. On that side of the tracks the talk is p/e, peggy, sharpe, etc.

Interesting post John. If the company has a history of resurrecting pennies, seems like a great deal!

The mental part of this business is incredibly difficult at times. You are truly your own worst enemy and it's b/c of what's between your ears.

Sehan - I'm going to be up-front, if you want a discussion on fundies, I suggest finding another forum. Perhaps there's a few fundie guys around here, but my guess is that most are technical traders and rarely (if at all) look at pe ratios, etc.

I'm glad you took the time to do that. Now you see why I suggested it.

I'm talking about limit orders FS. A stop market order is triggered as a market order when touched. A stop limit is triggered when the limit is hit; however whether or not it fills depends on if your parameters are met. So not sure what you are talking about by saying 'it seems OEC is holding orders back'... W/o more substance than 'it seems' there's not much to say, esp when referring to stop market and stop limit orders.

And that's the point of doing this - you need to know how much of your profits (or adding to losses) the broker commissions will add to this. Also include any other fees the broker may charge - namely platform fees. There are some platforms that take a fee per trade, per contract. I was running a platform that charged an additional fee per trade, per contract but was capped at $500/mo. Well, that $500 came straight out of my account w/o missing a beat. It's just important to know what actual $$$ will hit your account b/c in the end, that's all that really matters.

I think you might be surprised at how much or little those trades eat into the end result P&L. My guess is that w/ the amount of trades we've seen already, a nice chunk of that gross profit may head on over to your broker's account. And they ALWAYS get paid before you.

As long as you are able to find the bullish markets, it may give you what you need. The question is - can you find the bullish markets?

Actually you are forgetting an important component to trading... GROSS POINTS vs. NET POINTS With the amount of trades you are taking, you NEED to be running both numbers. GROSS = Total points NET = Total points - Total Commissions In the end, NET is what counts as that is what hits your account. I suggest you track both so you can see the impact of the amount of trades to your bottom line.