Posts by "daveo"

Many moons ago I suggested a seperate scalpers room to enable the various rooms (especially europhile room) to be condensed for easy look-back. Such ideas fall upon stony ground :-)

Yeah and now look at gold, gunners out of the money already, picking a top prematurely and presumably his stop at high 1650's. Talk about vague parameters.

Awaiting some degree of reversal confirmation almost always pays off unless you have a mighty powerful cluster of several S&R's. Trend lines alone cannot be relied upon anymore than stochastics, MA's or lagging indicators. Even powerful clusters cannot be relied upon so we still need a degree of confirmation to enter against the trend with very tight initial stops. I seldom have wider than $10 initial stop for gold.

This especially applies with gold entering new territory making new all time highs where we have no volume history at these levels for long positions.

real nice 8% trend day down today in SPX (ES) internals. Breadth never looked back and closed on lows not seen since May/June 2010. Will be looking for divergence in the days ahead.

Skipper, after all your tech postings on your trading models, am I the only guy who understands how your models work ? I suspect so and this is one of the things that irritates me about this forum. Guys are not really interested in furthering their tech experiences. more in wanting to know trade calls (which I personally refuse to submit to).

Jacek, I could prove myself by showing you my trading account history but frankly I don't need to prove myself to anyone, the last thing I want is a bunch of paracites, monkeys on my back.

Up to jan 2010 I spent 6 yrs "giving back". I mentored 2 batches of 5 intermediate level students for a 3 year course in my specific work, all free of charge. It was an enormous commitment and almost exhausted me. Out of the total 10 students I can only say that 3 or possibly 4 of them are now proficient traders making consistent returns. Trading is a very psychological challenge as you must well know and I am not about to renew any fresh commitments to this or any other forums. If my analysis is of no help to guys then so be it. I can always tell if a trader has any genuine interest, most just want to tag along a lazy path.

I have to admit that my stuff and my approach with analysing many symbols to find specific set-ups to trade on various timeframes is very time consuming and not for everyone. It would probably suit less than 1 in 100 traders. I am not about to try thrash it here. I have tried it already and there is zero interest, end of story. There was only one gentleman who ever asked any questions, that speaks for itself. The rest are more interested in making fun of everything and that's ok, I can cope with some fun. Banter is the name of the game here and I accept that.

Ashraf I know that but you give away tit bits and clues like your crude trade today. I had a month (6weeks) experience of what you were doing with premium service. In the last several months you have diverted to much shorter term trades and tighter parameters than ever you employed a year ago. In some cases one extreme to the other from what I can gather but doubtless a sensible strategy for signal service as any losses need to be kept tight. A year ago your trade ideas were based mainly upon your perception of the fundamentals and to hell with tight stops. several hundred pip drawdowns were of no apparent consequence. This is how I say you have changed.

I don't agree "tweets & Premium trades can be the basis for criticism/comments/suggestions on this forum"

can be discussed on this public forum as it would not be fair for your subscribers to publish the signal trades publicly. Indeed I am not aware of any premium subscriber breaching confidentiality.