Brabed,
Ignore them - they are bunch of intellectually malnourished primitive minded people. They also don't have the capacity to reason and they lack true intelligence - just look at how they behave for proof. Most interestingly, they ignore what's already been laid right before their very eyes.
I netted (live and right here) over $300+k in 17 simultaneous trades after being called out by one of the Shop Foremen (TA Police Cadets) and not one of these Naysayers has mentioned it yet - though it happened right before their eyes in full detail - with updates. So, what do they harp on instead? What somebody is not trying to sell them. Not worth the time of day.
Take the guy who told you that there is 'nothing new in trading' as prime example of intellectual malnourishment.
LOL, are you kidding me! Nothing new! Where the heck did the 40+ years of conventional technical analysis come from, if nothing new can ever be discovered in trading. Why are we not drawing our charts by hand, if nothing new can ever be developed. People like this are so incredibly narrow, that I hardly know how they roll out of bed in the morning without bumping their head on life itself. That comment right there should tell you everything you need to know about the typical Naysaying paradigm. Laugh, because it is the only thing you can do with them.
Take the response to my extensions on Pinheads and the Inside Bar concepts that people have asked questions about on this forum, as more prime example of precisely how narrow mindedness works for your average human being.
I expanded both of those concepts with methodologies to increase both number of available and profitable trades for Newbies here who posted about their use in other threads. Has anyone one of these foolish people said anything about those two extensions that had
never before been posted on this forum - or any other forum that I can think of for that matter? Of course, not. Why? Because that is what Professional Naysayers do. They have no ideas of their own, no new thoughts of their own, suggestions and/or valuable concepts and if the truth really be told here, most all Naysayers fit the profile of your classic Neo-mediocre Trader, hoping that one day, the tooth fairy will land some
revelation on their pillow at night and spin-up their account while they are asleep.
I know winners when I see them and losers never bother me. Winners persist while losers are too busy complaining about why they lose. It has been that way since the dawn of mankind on planet earth. Just smile, shake your head and give the obligatory nod in agreement - then move on.
Also remember, FXCM is a
paid sponsor of this forum and I have exposed FXCM on point-by-point detail for the Bucket Shop Broker they truly are and these posts did not come up until I effectively did that. Newbies beware, Bucket Shops are real and they could care less about your trading success. That is one of the reasons why they need to spin-up their marketing departments to attract new "blood" as often as they can.
Now, what was I about to do......Oh, yes....
Update (Newbies):
There is more than I expected, here. This should be an object lesson for the Newbie (I don't post here for anyone else) - there is always a new and fresh way to look at what you think are your best ideas. You can always look at a problem from an infinite number of angles - not just 360 of them. Sometimes, you will come across something so profound, that it changes the way you calculate Risk in your trading.
Using the PSAR Event Horizon extensions, I've tentatively concluded that under a specific range of D-Trend (see previous post), that I can set the entry into a position either Long or Short and at the very least
break-even virtually 96% of the time. Well, if breaking even is the only downside 96% of the time - what's the question, LOL! This entire concept of
inverting the SAR's entry by shifting what would be the entry to the exit and the exit to the entry locations, lead me to understand that whenever the SAR's themselves get steep enough in angle relative to price and my D-Trend Indicator is within a specific range, the tip of the SAR becomes a far better
Break-Out candidate then a so-called "trend following" indicator.
In fact, when the market is de-trended sufficiently and both SAR's (Long and Short) have an angle (relative to price action) that is within a specific range, you will really have to work very hard to lose money an almost any trade. Of course, the standard/default settings from Welles, won't work and thus the first level of PSAR modification becomes necessary.
Another new discovery is what I am now calling an Overlapping SAR, or O-SAR. Using the H1 chart and the custom settings for Step and Maximum, as well as the new D-Trend Indicator, I can literally connect the dots from one SAR1 to SAR2 (for example) to create an O-SAR for contiguous or non-contiguous bars of data. Doing so, they act like (behave like)
on-ramps to a freeway of sorts where price seems to move in the direction of the
synergy from both SARs.
Now, the problem with this one is that you can't tell when SAR2 is going to show up because SAR2 is always a "future event" and SAR1 is always the "historical event." Yeah, I know - a real bummer. So, here's what I did to fix that problem. Knowing what to look for in the data, I captured the historical events where SAR1 was eventually coupled to SAR2 within 2 bars of data. I then calculated the mathematical probability for each occurrence where price would follow the direction indicated by the creation of SAR2 (called the: O-SARp, or O-SAR Probability). Well, what I determined was that not only can the SAR2 location (price range) be predicted fairly accurately, but you can also predict the
mean distance in bars between the two events, SAR1 and SAR2 that create O-SAR.
So, I took my mouse, grabbed the H1 chart and randomly slung it through several bars of data. I moved the chart to the nearest Daily Close and then waited for SAR1 to appear. Boom, there it was. Then, instead of taking that trade, I waited for SAR2 to appear according to the predicted price level and predicted time - boom, now its appears. I move the chart forward to see what happens and every single time, the synergy between the
two SARs working together moves price drastically in the direction of O-SAR. Bizarre, and fun to watch! More random testing is required on this one, but it is very much like having your cake and eating it too, because the number of pips on average are far more than what I get from the entries that I've been seeing on my first discovery.
The point is this. All Newbies need to to understand the massive importance of finding new ways to look at old concepts, even on things that you now take for granted. There could very well be a new and fresh concept that might be profitable, sitting directly under your nose, without you ever knowing it or
recognizing it for what it could be.
There are a countless number of different way to trade the markets. One singular concept may hold the key that unlocks a dozen new and different ways to profit that you have never explored before.
Rethink the old - you might just find something very
new.
That's called: O-SAR, boys.
Get inspired Newbies. Get fired-up. Get your head into the data where it belongs. All roads to success as a Trader pass through the Data! Learn to read it. Learn to interpret it and learn how to creatively use it to your advantage.
Overlap is good! New concepts are everywhere you look! Newbies Rock!
