Introduce Yourself Here - Don't Be Shy!!

[Tams 20]

Greetings traders,

 

My name is Mark and I m an admin on http://www.eldercharts.com. Basically, we chart and offer tools described by Dr Alexander Elder. We don't offer any interpretation, that's what the books are for

 

All services are free on the website, and we purchase our EOD data from a reliable source. We chart ASX, NYSE, NASDAQ and LSE and we will be introducing forex soon.

 

So we are interested in getting some feedback on the website (particularly from new traders). We anticipate responses will fall into three categories:

 

1) Useful

2) Could be useful with further development

3) Waste of time and bandwidth

 

(We expect the last will be a popular response)

 

So please tell us what you think. What we could do better. What you don't like etc.

 

Happy trading,

Mark

 

Are you licensed by Dr Alexander Elder?

or are you an agent of Dr Alexander Elder?

 

do you have advertisements on your website?

 

what good are charts without interpretation?

 

why don't you post the chart here at TradersLaboratory.com?

[eldermark 10]

@ Mysticforex: Cheers, looking forward to the feedback.

 

@ Tams: Ill PM you regarding the legalities surrounding the site, I don't think that for the purposes of an introduction thread, that the discussion is suited here

 

Re the interpretation: we could, but we are largely focused at providing the tools and we are new to TL, charts to follow

[PiptopiaX 10]

Are you licensed by Dr Alexander Elder?

or are you an agent of Dr Alexander Elder?

 

do you have advertisements on your website?

 

what good are charts without interpretation?

 

why don't you post the chart here at TradersLaboratory.com?

 

If you click on his link, this is the disclaimer at the bottom of the page:

 

Eldercharts.com © 2011 - Terms of Service - Privacy Statement

Eldercharts.com is in no way affiliated with Dr Alexander Elder, Elder.com or any publishers.

[diggerdon 10]

Hey folks, I am getting into options and not sure if this is the right forum. Looking for a broker with Optionsxpress vs Optionhouse. Any thoughts pro or con or is this a whole nother ball game? Thanks, just doing a lot of learning with the fact I have to know where to set my stops and my targets as that has knocked me out a bunch on simulated trade. Thanks digger

Oh yeah, I build engines for Hot Rods, race cars, boats and boggers here in Hotlanta.

[TimRacette 11]

Hey folks, I am getting into options and not sure if this is the right forum. Looking for a broker with Optionsxpress vs Optionhouse. Any thoughts pro or con or is this a whole nother ball game? Thanks, just doing a lot of learning with the fact I have to know where to set my stops and my targets as that has knocked me out a bunch on simulated trade. Thanks digger

Oh yeah, I build engines for Hot Rods, race cars, boats and boggers here in Hotlanta.

 

Thinkorswim is the way to go, imo DiggerDon. They're the Apple of options brokerage platforms.

[MadMarketScientist 11]

Hi Everybody!

 

BTW, thank you to everybody who contributes consistently here... I've been active in other communities like ET for years now, but after spending the last few months as a guest viewer here at TradersLab I decided I wanted to expand my sphere to this community of very knowledgeable individuals .

 

Glad to have you on board John!

 

MMS

[jlove 10]

Hello! I am a relatively new trader and figured it would be a good idea to join these forums and get some feedback on my strategies.

 

I'm two years out of college (private school in the Northeast), where I studied finance and computer science. A few months ago I came up with a theory for a profitable short-term trading strategy. I bought and downloaded historical stock data from the major US stock exchanges, and I created a script to simulate my proposed strategy based on that data. The result of the simulation was not only profitable, but it far exceeded my expectations.

 

The results of the testing yielded an average of 1000% annual return before taxes over the past five years, and the simulation did take into account transaction costs. The highest return was 5000% in 2009 and the lowest was 223% in 2008. I finished testing my strategy in mid-March of 2011, and started putting it to action on April 1, 2011. The first month generated a return of 21.99%, and my YTD return is 30% right now (although it is quite volatile so it could change before the end of the day).

 

I'm looking forward to being a part of these forums and posting my results!

[TheNegotiator 13]

Hi jlove,

 

Welcome to TL! I don't want to dampen your expectations but generally you shouldn't expect to get such great results when you test the system in a live market. Backtesting and optimisation of systems is a skill that people take years to master.

[jlove 10]

TheNegotiator,

 

Thanks! I'm with you a hundred percent on setting realistic expectations. I have been cautiously optimistic at best, and I am not expecting to generate the returns that I made in the simulation. I was careful to avoid any kind of biases when developing the system and testing such as survivorship bias, data mining, etc. Even still, there were a few drawbacks in my testing that could impact the live performance of the strategy.

 

My optimism has grown for three reasons: (1) the first month live returns are consistent with the returns from the backtesting, (2) the strategy is simple (mitigating risk of human error), and (3) all decisions are based on quantitative factors so no judgement on my part is required. I am happy about how much my initial amount has grown since implementing the strategy, and while I don't expect to achieve quadruple or triple digit annual returns I hope to at least outperform the market.

[TheNegotiator 13]

Well I'd definitely say good luck to you then! But the one thing that you must always bear in mind is that even with the most highly effective strategy, if it isn't implemented with strong money management methods, the account will have a margin call before you even see it coming.

[Wyckoff Trader 10]

Hi all...

 

I am an ex Institutional Spot FX trader (mainly $/¥, €/¥, €/$ ) however as an independent trader I now primarily daytrade Futures: ES.

 

Also had a stint as a broker (Institutional side) back in the 90's...

 

Cheers

[on the ledge 10]

Hello, I am a new trader (one month) with a prop firm and wanted to join a forum group to learn as much about the trade as possible and make new friends in the community.

[Mysticforex 13]

Welcome To TL !

As a spot FX trader myself ( retail ), I would love to hear of some of your experiences.

[MadMarketScientist 11]

Welcome to the forum ... There is lots of content to read and if you have any questions don't be afraid to start a new thread. Enjoy your time here!

 

MMS

[SIUYA 11]

welcome - I hope your name does not imply your mental state

[Tams 20]

welcome - I hope your name does not imply your mental state

 

maybe he is referring to his secret weapon of the market.

[spicemeister 10]

Yes, there is a China Grove just on the East Side Of San Antonio where my wife of 40 years and various felines reside with me in a well hidden, landscaped home. World Head Quarters For Rancho Relaxo! I hope you all are well and we can learn from each other. I can tell you now, I'll be the one doing the learning! Thank you for allowing us to join!

[MadMarketScientist 11]

Welcome to the forum! Please read and learn ... we want to all help each become better traders. Are you trading forex, futures, stocks, or options? Don't be afraid to interact and ask questions.

 

MMS

[spicemeister 10]

Thank you, MMS! I deal primarily (exclusively) in stocks. Those with a history of large, dependable dividends: AGNC, EVEP, NLY, Etc. I'm "scanning the globe" for as much information as possible so as to make sense of the various dates involved, so I don't have money tied up when I don't need to...or, worse, miss out on the divvy entirely. That hasn't happened as of yet!

 

Thank you for the welcome..Best wishes to all! J.

[Mysticforex 13]

Welcome Spicemaster !!!

[spicemeister 10]

And a "Howdy" to you, Mysticforex, from China Grove! No idiots..lots of crazies! Thanks for the welcome! S

[despooner 10]

Hello.

Just joined up today.

I started trading about 4 years ago and lost most of my money very quickly.

Came back to it early this year with the tiny bit of money that I had left and

much more disapline. Doing a little better now.

David.

[Mysticforex 13]

And a "Howdy" to you, Mysticforex, from China Grove! No idiots..lots of crazies! Thanks for the welcome! S

 

BTW... You mentioned "Felines", we have 2 Savanah's, and 1 Bengal in our household!

[Mysticforex 13]

Hello.

Just joined up today.

I started trading about 4 years ago and lost most of my money very quickly.

Came back to it early this year with the tiny bit of money that I had left and

much more disapline. Doing a little better now.

David.

 

Welcome David, good to have you here. Look foward to hearing more from you.

[ganesh6789 10]

Hi all,

I am Ganesh from India

I am new to this forum