This is the last post I am going to make about this point.
I am not a heckler nor am i a naysayer, as a matter of fact i am very interested in following this thread so that i can contribute constructively somewhere. This guy does have a point though....can we get on with it already as this thread will become cumbersome and very difficult to follow.....
this thread is filling up with crap already.....everyone stating they are interested, looking forward to reading your methodology, wish you good luck, we appreaciate your efforts blah blah blah......
just state your methodology and why you are using it, what is your belief system for the markets, post a chart, any chart...and give an analysis of what you are doing and why you are doing it, why the need to drag things out.......this is gonna be a monumental thread in terms of size....and its gonna be padded with soooo much unnecessary post......a cluster F$%K
i am sure you have the best of intentions and your reasons for doing this are very honourable. I can relate to them and a lot of what you have said so far is intelligent and sensible....but for heavens sake you should have just got to the point from the get go.
Jiggly, I understand your frustration. It is getting long and perhaps nothing of real substance has been said yet but there is a reason for this. I want to teach those that are new to this game how to make money and I will be doing it very slowly so that every concept is fully understood and I will BEGIN once a market has been chosen. I don't want to choose it myself because I know what will happen.
I will choose a market I make money on regularly like the Treasury Market or Crude Oil and new traders won't bother following it closely because they either don't have access to it or don't have the margin to trade it. They will take what I say the minute I post it, apply it to another market and won't be able to make money - get frustrated and give up.
If you want my methodology. It is this:
Look to play price action (pin bars, inside bars etc) at levels of support/resistance where there is confluence in the forms of key fibonacci levels or moving averages.
There you have it. It is as simple as that. Go away and make lots of money with it.
The moving average system is even simpler:
When the market is trending the 50ema slopes up. You will then find that the price often retraces to the zone of the 10 and the 21 before continuing onwards.
Thank you. Perhaps you can all stop having a go at me now.
I want to take this very slowly. There is too much to explain by simply posting one chart.
Take pin bars for example. Why do I play a certain type of pin bar and not another? Are the relative levels of the left and right eyes important? Is a postive/negative open/close relative to the direction of the trend significant when deciding whether to enter?
What about support and resistance? Surely this is easy enough to draw on a chart? WRONG How do I come up with my support and resistance areas? Do I pay more attention to S/R pivots or just straightforward support/resistance? Would I play a break of these areas or wait for a retest?
There is too much to go into in one go and I am not going to bow down to pressure to do so. It may take a week or it may take six months for people to understand what I do with S/R. I will not move on to the next level until they do. The single most important factor here is whether people make money. They WON'T make money unless they understand this. And they won't understand if I rush.
If you don't believe in me go somewhere else. What use are you serving being here? If I am a fraud it will be exposed soon enough when my live calls fail. If you are here to wait for that and rub your hands in glee - at least do me the favour of waiting to see if it happens.
We will start Tuesday. If you don't want to see this forum getting longer - don't post!
