Not posted for ten days. Nothing much has changed.
My Divergence system is still performing well. I accidentally
deleted my Weebly Results page so I had to painstakingly
go through all my results to establish which ones were
Divergence etc.
I am also having success with a Renko system although
it can’t technically be true Renko as it is based on
normal time frames and not brick size
I think its more like the Big E system where candles
are ‘averaged’ and move in blocks of colours. Big E
was right - far less stressful! so if I’m long and the
so called Renko candles are still bullish white colour
I’m happy - If I could see exactly what price was up to
minute by minute I’d be having my nineteenth
nervous breakdown by now!
Actually there is some commonality between these
two systems - they both win nearly all the time for the
same reason - I don’t get panicked into interfering -
the Renko system is always doing well providing
the candles haven’t changed colour
and the Divergence system is fine because even if
it goes against you the Rescue trade is even more
profitable - so why worry.
In short, stress free trading is profitable trading
so that might well be the underlying profitability
in all systems - which would explain why some do
so well with some systems and others do terribly
with the identical system
Also why you can do so well on demo but badly
when you switch to a Real Live account.
Just for interest I’ll upload a screenshot of the
Renko system later. you will see the similarities,
notably TDI indicator has been retained
I would say it’s no a scalping strategy whereas Big E’s
was scalping and you had to watch for sudden
change in TDI, and watch the wicks for changes
Well I don’t want to watch wicks, just chill out and
wait for the eventual win
of course I am realistic with my TPs
and because I’m not using true candles I can’t
get too hung up about precise Fib levels etc
and you know what? it doesn’t really matter!
Just have your nearest easily attainable TP
at 0.2% of bank, and just pick a couple of
levels ,maybe equidistance at 0.1%
all well within the most recent high or low
( see screenshot )
I have dispensed with Autofib indicator and
the Value area indicator simply because I don’t
really need them.
On my other screen I do also use Sniper Forex,
just the arrow but thats really just for psychological
reasons - SF is a very well regarded indicator thats
made a lot of traders a lot of money. I’m not trading
that system but the confluence must surely be
encouraging.
I really don’t have too much more to say, when you’re
winning the tendency is to just get on with your
trading
When you’re trying to whittle all your ideas into the
best and most profitable formula it is certainly very
helpful to think out loud in public - not completely
sure why that is - a measure of accountability
perhaps? - maybe it exercises a restraint on some
of the more weird and wonderful ideas.
In place of daily posts and insights, I’m not expecting
too many now, I will leave the link to my weebly results
page. Its not a service, but it may be of interest to
others as you can easily see where the trade would have
occurred if you have a similar template ie Knoxville Divergence
indicator and Missed Weekly pivot indicator on either the
Daily or H4 time frame. You’ll figure out which.
If the moderators want to close this thread down I don’t
have a problem with that as it’s largely served it’s purpose,
and it likely does look like a preamble to introducing my
amazing signal service, or some commercial cr*p
I can’t say this loudly or clearly enough - If I, or anyone
else is really winning nearly all the time, why would I need
your money?
I’ve seen the marketing that goes into all of that! A lot of
time and energy concentrating on marketing when I
could be earning far more trading!
unless of course I’m not really a profitable trader!
So I fully get the skepticism toward anything that smacks
of commercial marketing -
but trust me, I’ve been in sales and marketing myself for
many years and if I wanted to go down that road I would
do a lot better than my spartan Weebly results page!
I am actually curious if I did add a Paypal button if
anyone would be gullible enough to throw their money
away.
To be honest I would like to host a trading seminar
and I suppose there would need to be some charge for
that, but I wouldn’t do it for the money
Nor I am especially altruistic
but when you teach others it does affect you, when
others view you as an expert in your field it does affect
you psychologically.
but that’s for the future
