Gekko78

Humbled, You obviously did not read my entire post I said NOT COUNTING THIS THREAD. Your postings are that of someone willing to learn , I have not seen you come out and just say "give me a system" You are willing to learn where most are not and just want all the info handed right to them without putting in the work. I have spent the last 8 years researching, studying and developing my own system and I will be dammed if I just hand it over to someone just because they haven't made money for like 6 months or a year. I apologize if I offended you as I was not talking about you specifically rather others not willing to learn.

There sure are a lot of these "Help" threads popping up lately. Not counting this thread , as there has been some really good info on this thread, The OP's of these threads should go back and change the titles to reflect what they are really asking: PLEASE DO THE WORK FOR ME

I am writing a thesis about human emotion and how it plays a role in the financial markets. This is the perfect thread .......my whole project is right here. An abundance of great information shared by others in this thread. Humbled : Failure is only defeat once you stop trying.

Glad I could help you mend a relationship. This thread is now successful.

Using that logic then everything could be considered a system. Throwing darts at a board randomly can be considered a system. No there is no complexity with it. What happens when it does not do what you want, or what you would like, or think should happen? Well I never think the market "should" do anything . If I get in and it goes south my stop gets hit and I am out .....done move on to the next one. What happens if x,y,z happens? What if it does? What if Venus crosses the center of the Milky way when price hits my target? The trade either works out or it doesn't what happens if a string of losses occur? Then a string of losses occur. Big deal. I have already looked at a few years of data to see how it played out and it looks fine to me.The problem with many traders is that because there method fails a few times they give up. Not a good idea. what happens if the regime/market mood changes? That's an emotional game which I do not play. That stuff does not matter to me. The trade will either present itself or not. Market mood does not concern me. There is always a bit more complexity than meets the eye No, actually there is not . People tend to complicate things are are quite simple. IMHO the simplest systems usually go great guns in particular markets or situations....and then they blow up. Guess we will find out. I highly doubt it though as the same strategy has been used by by floor traders for decades ( according to him) whats the simplest system of them all - look at a chart and buy if it appears like it going up, sell if it appears like it going down. Maybe you should try this out and see. I would be willing to wager that it probably would produce pretty good results.

I do not take anything personally , I don't know you. You keep thinking you can quantify human emotions. The Black/Scholes guys could not do it and I believe they were pretty smart guys. But hey maybe you can do it. Maybe you will be the guy who can use math to tell you what I am thinking.

I am still here because I keep getting emails about this post so I will continue to post on here until others stop. Yes there is a C under my name which I put there. If you actually hover over it you would notice that is says "Publisher" . I chose to put that there because I write articles for a website. I wanted to be as transparent as possible on here so I figured by putting that C there I was doing the right thing. I do not sell anything or offer any services for an monetary value. I just write articles and trade , that's it. The C does not always mean that you are selling something..........jumping to conclusions again without proper research.

I agree with you here. This thread had nothing to do with and strategy actually , it kind of morphed that way. I mentioned something about it but that was it just a mention. By no means am I stating that I figured anything out , in fact I figured out nothing someone showed me something. I take credit for nothing. I also have never made any claims that I am making great money. I said I am making what I need to make. That number will be different for everyone. I also agree with you about methods working differently for everyone. In fact as I was reading your post about your friend and the coding I was immediately turned off because of the word coding. I follow price and that's it so that method probably would not work for me even though it works great for him. Every person is different and their emotional reactions will be different to every situation , that is why the trader told me this about systems: " People are always trying to quantify the market , it cannot be done. You cannot quantify human emotions. Decisions are not black and white. Decisions fall in the grey area. Black and white can be quantified but grey cannot"

What if the method is not complex? What if it is a simple as buy here , sell here done. what then? I understand what you are saying and I agree. I guess I would have hoped the intelligence level of people responding would have been a bit higher. I have no problem with intelligent and rational debating of topics in fact, I enjoy it. However, the way that most people respond to posts is not that way. I get it though , naysayers nay. That's what they do . Failures are failures for a reason. They do not like it when others succeed around them because it makes them look like a failure even more, so they subconsciously try and bring you down to their level.

I suppose you are right . There is no need to ridicule people on here , they tend to do it to themselves anyway.

What details do you want exactly? You want the strategy? You want account statements? You want screenshots? What details are you asking for ? Does not matter anyway. I have seen conversations like this where someone asks for an account statement proving they are successful Statement is produced only to hear" That could be photo shopped" Provide a screenshot and you will hear " Those are cherry picked trades after the fact" Provide the strategy and you will hear " After running through XYZ backtesting and algo testing , this strategy is not viable long term" as if math is the answer. I planned on not sharing it with anyone. I shared it wither her because I happen to talk to her and she told me what a hard time financially she was having due to her ex not paying her the support he was supposed to. She was not even aware that I trade. I felt bad so I told her. I am sure I am not the only one that the floor trader told about this strategy. He told me most of them still use it now and it was shown to him back in the 80's. Most people think the market has changed , it hasn't only you have changed the market is the same which is why it still works and I am sure it will continue to work for many years, I am not special I just happened to be in the right place at the right time.

The main reason I titled the articles this was that a method that was shown to me , which I have been using for about 3 months , by a professional floor trader is so ridiculously simple it's disgusting. I took him all of about 4 minutes to explain it to me. I said " That's it?" He said " Yep , guys like us use don't use indicators, lines or or anything you can purchase other than what is required by your broker, we do not have charts on the floor , we have price and that is it" It requires nothing other than what is already provided with Ninja trader( or any other broker) You do not need to buy the chart trader package either. There is no need for it. The free edition works perfectly. Does it work 100% of the time? Nope , does not need to. I have only shared it with one other person. A single mom with 3 kids who I have known for about 10 years . She is now supplementing her income for what her dead beat ex is not paying her. I sell nothing , offer nothing and promise nothing. We agree to disagree . When you are ready to admit I was right you know how to contact me .

Ah tisk tisk, yet another shark coming out of the water. I love the misquotes. Yes I did post about trading one contract(glad to see you read it) which was a long time ago. It was just a thought I had after talking with someone who was just starting. That is what a forum is right>? A place to share ideas? I do not recall saying that I make a living trading one contract. I said that there is nothing wrong with trading one contract and supplementing income for whatever one chooses to use it for. Yep there are successful traders out there making a decent living and supporting their families but I doubt they reside on this site anywhere. I am sure that professional traders who make really good money cannot wait until they get home so they can jump on this site and post!! I guess it depends on what you consider a decent living that will be different for everyone. Missed? You do not even know me , why would you or anyone miss me? I left this site a while back because the caliber of most ( not all , there are a few good people on here) is really quite sad. I have seen the jackals chase away some good ones. I forgot about this site until last week when I received an email about an old thread that I had posted in a while back. So I figured I would give it another try but , unfortunately they let anyone with an email address register for these sites. I get it , web owners need to pay bills to. Thanks again for reading my posts , it lets me know you care

Well that didn't take long. Less than 5 days before the chicken hawks came over. You would think I would have learned my lesson the last time I posted on this site. Obviously Mr. Market Wizard sir , you do not understand simplicity for which it was intended in that post. If you find the term bid and offer complicating then you should just stop trading entirely( if you actually trade or perhaps you claim to) Those are so basic it is sickening. One man’s “simplicity” is another man’s “noise” That's the problem , there is no such thing as noise. It all has relevance. But its fine. I guess I will take the road that many have before me on this site and refrain from posting and find a new home .It is a shame to , I remember when this site actually had something to offer and now it seems it is full of people who cannot trade but try and teach others how to as if they know and who wait for new posts to go up only to shoot them down as best they can. I had stayed away from this site because this same thing happened a long time ago. I had hoped maybe some better people found their way here but , no. They give the title of "market wizard" to anyone just because they post a lot regardless of whether it is nonsense or something of value. Lesson Learned Good luck to everyone.

Simplicity , in my terms , has nothing to do with loss avoidance or anything like that. It simply refers to people who feel that indicators or anything like them will give them an edge. They try to complicate a ham sandwich (the market) instead of accepting it for what it really is : an auction.. the market is not to far away from ebay if you actually take it for what it is: You have a seller with his offer You have people who are offering to buy at a certain price ( bid) and will not go higher. You have people who do not care what price is they just have to have the thing so they "BUY IT NOW" same as a market order. You have spoofing on ebay and bid retracting just like the financial markets. Stop trying to complicate a ham sandwich.

Still a successful hundredaire and loving it. That is all , carry on.

Thanks for the reply and I agree with you. The psychological barrier is usually the reason more most peoples failure in trading (and life in general) Why would the gorillas or chicken hawks attack this? Because that's what they do. There are many on this site, and other sites, that live to counter everything they can get their hands on. Up is down , black is white , left is right and so on. Sometimes I enjoy their banter but often it is just hot air spewed from failures and such.

The second poll that does not have an option for NONE

What if your strategy is to have no strategy , what then? What if you believe price is random and you just just random? No , I do not trade like this but just curious ....I am sure there has been some kind of test or something where a person just went in a bought/ sold for no reason other than to just do it. I believe , and others argue my point , that trading in the end is 50/50 ..... eventually you will either win or lose there really are no other alternatives ( hence the word EVENTUALLY)

I take all set ups that appear within the allotted time frame I.E. 630 -830 Example today on the ES I took 5 trades form 630 -830 Yesterday I took 1. Wednesday I took 8 . Once 830 hits I am done. My daily is usually high enough where as not to actually hit it but get as close as possible. I found that setting a goal of say 4 points will often net you 4 points but also cost and additional 4 sometimes since the set ups still appear after your goal is hit. Perhaps I set a goal of 30 a day . The goal is not realistic on the ES , at least for me , so I get as close a possible as not to let psychological barriers get me. Now if I am trading CL then 30 points is very realistic and usually to low.

Someone sent me a chart the other day that was filled with so much "stuff" that it looked like either a schematic for a nuclear power plant or his chart was having a heart attack so I decided to write this. I came across the saying while reading a book about a week ago. If this is true then why , do people make everything so complex and difficult? It is actually quite simple. Average people like complexity because it essentially gives them and excuse to fail. This saying, and the thinking that accompanies it , could not be more true in trading. If you have ever researched trading online you will come across many charts that are filled with all kinds of indicators , oscillators, trend lines, shapes , colors and everything else else under the sun that will fit on a chart . So why do these people use all this “stuff”? The reason is simple. It shifts the blame away from themselves onto the “stuff”. They will blame the “stuff” instead of themselves. Human beings do not like to be wrong and when they are , they will look for the nearest thing to blame. They will say things like ” well it was not my fault , the lines crossed so it was the lines that were wrong and not me. ” They think that having all this “stuff” on their screen will help them make better trading decisions when in reality it actually makes things much worse. The problem is that when you have to much “stuff” on your charts it starts to create many barriers to entry and it makes you second guess yourself to much. When you have 15 different indicators on your charts and you will not take a trade until they all line up , you miss to many trades and you start making exceptions to your own rules and taking trades when you should not be. I learned a few years ago that all these things do is cloud your judgement and make your emotions run wild and assist you in losing your hard earned cash. One of the first things you must learn about trading is that you will lose money. Let me repeat that, YOU WILL LOSE MONEY. You cannot avoid it. Even the best traders lose money. Losing is OK it is a part of the game you have to accept that in order to succeed. If you cannot accept that you should not trade , hand your money over to someone who is not afraid to lose your money. Remember that true maturity is accepting responsibility for your actions no matter what the outcome is. So the next time you pull a chart up and you are ready to start adding a bunch of indicators and the latest one that you bought because some guy sent you a "special secret" email with the REAL indicators............... remember this: True genius resides in simplicity:) PS: Looking forward to the chicken hawks attacking this

Please define " over trading" I hear this term all the time I do not agree with it. I trade for 2 hrs a day. I take every set up I see whether its 1 or 50 I take them all ......why? Because my crystal ball broke a few years ago and I do not know which ones are good and which ones are not. I have given up far to many profitable trades because I stopped before goals met. Now if you mean you hit your daily target whether it be points or monetary then I agree with it. Just want to know what you consider over trading.

I agree pretty much with everything you said here. I heard something about 6 years ago that reminds me of what you are saying....." The difference between successful people and unsuccessful people is that successful do what unsuccessful people are not willing to do"

I was once like you. Not so much on the automated tradings robots and such but, on the side of trading for about 5 years and still losing lots of money consistently. Two phrases I came across about 2 years ago changed everything for me: 1) "Failure is not defeat until you stop trying" Got that gem in a fortune cookie" 2) " True genius resides in simplicity" read this in a book. Once I embraced both of these everything changed for me. I stopped "looking" for a way to trade the market , I let the market show me the best way. I know this may not make sense but It has worked for me. I am now profitable with no indicators, robots or anything like that at all just price action and nothing more......Simple. My best advice is to open up a live chart with nothing on it but price and just watch and study it. It may take a few weeks, months or even years but, if you have the patience the answers will appear.....just keep thinking of saying number 2 and you will get it. I wish you the best of luck.

There needs to be another line titled : I do not use indicators Some of us only use price to tell us what to do , not some line crossing another line at some random place on a chart.