dmedin

The guy who hawks Gann bullsh!t and advocates a buy-and-hold dollar-cost-averaging investing strategy under the guise of 'new moon trading'? Must be a great idea then...

Why, Tom?

Totally demoralized now. I just cannot stand days and days of whipsaws and I can't trade lower time frames, yet you have to look at charts all day if you don't want to miss opportunities. Today I do feel that it is not worth the hassle.

Yes hun.

🤪

No, because you just said that trading in demo and in live produces different results. Different results means you don't have a statistically probable outcome (edge). So there's no point

The best advice I could give you or anyone who thinks about trading is save your money, pay off the mortgage and contribute towards your SIPP for tax relief instead. Anyone who gives you advice otherwise is not thinking about your best interests. Your chances of making consistent profits as a trader are something in the order of one in 100.

Are you taking advice from people who are making money from trading? Where's the evidence that they are making money from trading their own money?

Also don't forget that 76% or more lose money, and that nobody will ever show you their trades (although I do, possibly because I am the only foolish one), and that the whole business is incredibly painful and ultimately futile compared to putting money into an S&P 500 ETF every month

Don't forget what Casey said. Expect different results when you put your system into practice. So really, whether you have a system or not doesn't matter unless you find a way to make money.

Look ma, nae pivots! Go on Eileen you can do it

Stalls at S2 but IDGAF, fam! 🤓

People in London use the expression 'IDGAF'. Unless you're a 'high net worth client' (or potential client), in which case you will get a tongue up your b^tt.

IG treats you like sh!t yet you keep coming back for more, sadomasochist

Refer to the indices thread, Eileen

www.tradingview.com

Price action is clear as day on the 10 second chart!

SELL!

As for a one minute chart, I wouldn't even know where to begin. As far as I'm concerned it's untradeable with any indicator. I just don't 'see' it.

Well, I'm using it now. And now in demo either

Well if the results are too different then it's difficult to see what backtesting achieves, except that it gives you the confidence to stick to your system.

No? When backtesting I drew NO support/resistance lines, didn't have pivots, didn't use Fibonacci - and it still wins about 50% of the time. So when I trade using Pivots or the rest, I am automatically not trading the system

That's true. But as I've said a few times, the system I backtested didn't have pivots (data going back one year or more) and also I never took into consideration news or events. So in theory the system I'm using should make money over the long run even if I turn pivots off and trade oblivious to what news is released on the day. But when I actually sit down to trade, I am always looking at where the pivots are doing.