Hi Rob,
"Do we assume someone is connected to each firm they write positive posts about?...."
Personally, I give most people the benefit of the doubt. In this instance, I questioned it simply because, at the time, et.'s profile said he was a vendor, (he's since amended his profile), his username is similar to your company name and he wrote a glowing review. He's made his position clear, which is good news for you (ETX) and anyone who subsequently reads et.'s comments. Left unquestioned, subsequent subscribers to the thread could easily have added two plus two and made five.
On previous page in previous post I was very critical. I still think the trading charts are difficult to work with, especially if you are trying to learn, and they apparently want to attract and teach clients who have previously had no trading experience.
Perhaps I'm getting the wrong end of the stick here (apologies if that's the case) but, I suspect you think I was having a dig at the ETX webinars? If so, allow me to clarify my views. I don't doubt for one minute that they're very good in so far as they demonstrate how traders might use your platform and charting package to execute their trades. However (please tell me I'm right about this), I assume you don't tell your (prospective) customers that all they need to know in order to make consistent profits is how to use divergence indicators, Fibonnaci lines and pivot points? Because that's what I inferred from et.'s post - hence my comments.
Tim.
No, they didn't say that and I didn't suggest they did either. If you want to know the kind of things said you could sign up in order to sit-in on the next one?
BTW, here's another criticism of the ETX trade-through charts to please Timsk: apart from not being simple enough for the newbie, there appears to be no Directional Movement indicator. From what I've seen it's very versatile - entry and exit signals, trend strength, volatility, divergence, overbought/oversoldness all on one chart.
BTW, my experience this week... after positive last week, doing what I meant to do, frustrating. I've reverted back to idiot new trader mode. Subconsciously leaning on "let's do what I feel is going to happen" based on "the look of the chart" method, "because I'm a natural psychic trader genius".
I haven't a clue what my "feel the chart is right" method is but I know I have made one trade this week which, on review, didn't conform to my written rules, which in fact would have told me to trade the opposite way. However, at the time, everything was perfect. I remember saying that to myself. It's incredible. A kind of hallucination. It was the easiest trade strategy I have too and I didn't see it and only saw what I wanted to see.
What I think is happening, the rules of my strategy are overloading me and/or I've got lazy. In order to find a clear narrative for what is happening I'm rejecting the indications, which most of the time are in a "no change yet" state, and it's a pain to keep checking whether they've changed, and going with the easy option: how I feel. Totally subjective. The fact you can be right about half-the-time this way means you can slip into this mode-of-thought without realising it.
When people get confident they abandon their discipline and rules so perhaps this is what happened to me after last week.
I've also tried, and failed to add Elliot waves to my strategy. Twice I picked wave 4, not the end of wave 5. Just thinking about the chart in terms of them completely distracts me from my other indications so I'm ignoring them again, until I learn how to identify them better.
A few things I only just noticed this week (it's amazing how something can be staring you in the face for months and the information is not "switched on" so you never "know" it): a rounding bottom (W, not referring to cup pattern ) usually looks quite similar to a rounding top (M). I thought the middle bit would be sharp like it is in the W, but it is often rounded, like a hill in between two valleys. I have mistaken a bottom for a top this way.
I've also begun to notice when you get a W (or an M) you usually soon after get a corrective flag, which is the retest before the trend change.
AND I've noticed that if a trend you are looking at on a timing chart (e.g. 1 minute) is composed of multiple trendlines then a 1 minute break of a trendline will get caught on the next trendline, and it'll probably want to retest or continue the trend. My early thoughts are reversals of established trends need upper chart level signal on the final trendline, if you are to be sure it is going to change.
Hope these comments are interesting insight.
