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The algos work and keep working. 100.00% range achieved in ES today. Check it out for yourself.
This is my personal experience and i am attaching my charts and there is a secret weapon on the chart which gives me more confidence on the levels and range
Beautiful Long Trade and i have marked potential trades which the STS will take in Real time and i only use STS strategy and it brings home bacon.
Someone already mentioned the indicator on the bottom looks a lot like a CCi. I have to agree.
The cci meassures the distance between price and a moving average. I forget if it is sma or ema. Anyways that is beside the point.
Just a dumb question here....do you see much difference between drawing trendlines on the actual price versus drawing them on the indicator in your bottom window?
I would think losing 7X a daily goal would be a tilt day, not just hitting a daily loss limit, so I'm surprised it's not tighter. I work with much smaller amounts but definitely something I need to get sorted in my head as well, that's an interesting reminder.
I'm pretty pleased with the training, the room and the strategies. I use some of the strategies that comport with my own trading plan. I don't use the strategies that don't fit my own plan.
I happen to prefer trend and momentum, so quite a few of VK's "by the book" trades work well for me. I don't care about calling tops and bottoms; I'll leave that for others.
I've been looking at momentum and MAs for a long time, and I can replicate VK's proprietary indicator with more than one combination of oscillators and MAs. But that indicator is not the point. If it was I would have stopped paying his subscription fee immediately. If an indicator could make a successful trading plan, we'd all be rich; there is no shortage of indicators, or combinations thereof. For me, the value is in the continued analysis and training.
I've realized that, as a trader, I need to be very rules-based. No "thinking" during the trading session. No opinions about "overbought" or "oversold" matter to me. No "fading" an uptrend or downtrend. No "what do I think?" If the trade meets my criteria, I take it. If it doesn't, I pass. Doesn't matter what I think. I trade like a machine. If I miss a move because I was following my plan, fine. There will be other trades. Although sometimes I spit out some expletives.
For me, it's very good rules-based system that I can use in my own trading plan.
You may be different. We all need to discover who we are as traders, and what we can see and codify to trade the markets consistently.
Is it perfect? No.
Will it work for everyone? Of course not.
Lots and lots of strategies/plans work; but not a single one of those working strategies or plans will work for everyone.