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I would guess monpere's system can only work for him if he stays in the same position as the little bird on this picture. But what about you Mike, you seem to be doing extremely well, why not trade 100 lots or more on the ES?.
Answer is simple for me. I'm only human (not an automated bot), and emotions take over. I've significantly increased my size over the years, but am not trading 100 lots
I am on schedule to retire in a couple years. My goal is slow and steady, and then I will achieve that soon. But sine @monpere is mostly automated, it seems like he should just add a few zeros so he can take over the world by the end of the year. Or hire a team of monkeys to hit the buttons for him.
I wish I could understand Monpere's chart. I really like the ideas he uses but could never achieve much success with non-time based charts. From my understand he's spent a long time on his system with filters on divergences
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
You said something very important in your last post, How experienced traders should word things appropriately so beginners dont think awww this is easy, I can do that and I'll be RICH. But then again we dont know who experienced and who's not(other than that little tag beside our name) till more info becomes available about the said trader. I listen when you reply now that I know you have 25 yrs trading exp. I tip my hat to you,well done. This is whats so hard about trading getting the important CORE data, most on here dont know any size traders IMO And just because they read a well written comment they assume this trader is successful and should listen to him/her. Not going keep on going but everyone gets my point.
At 32 and being able to retire early in life, I commend you.
I went to visit a old friend of mine today,he wanted to show me some of his new toys one is going to be at the next SEMA. But it was a great day, he trades a few Hold positions throughout the year. We spoke about business and how the majority doesnt get the core principals needed to efficiently operate a business. The key reason I went into to trading eliminate work force, which eliminates the mistakes that masses will make and the company absorbs. I wanted to have a business that will always have supply and demand without advertising. Risk is Risk we had a good laugh about how majority of futures.io (formerly BMT) feels that trading is like no other business and how you can lose at trading in a way that no other businesses can. It goes to show majority hasnt been risk takers in their venues before trading.We also talked about borrowing capitol to increase productivity, this is nothing new. Business is business
Talking about size,IMO if a successful trader trades for years and is successful. Then his size will follow because he's growing his business. I know for a fact ES will absorb alot of size without flinching, youtube video ok new traders just kidding
Im sorta tired now I dont care which one makes more money scalp-hold,just as long as most of us do.
Best Wishes R
Just turned 35 but thanks I set a goal some years ago to be retired and living in my dream location by age 40, and I am glad to say I will be a few years early the way things are going.
If there is one single constant in trading, it's that everyone has a different way of looking at the market. And everyone always thinks they are right.
It's confounding when spreadsheets dictate the profitability of traders. How dare you be profitable, the spreadsheet say you cannot. If you can achieve a 60% win ratio, you must be a liar. If demi-god @Anagami says no scalper can reach 30% win ratio, it must be the gospel.
Apparently it's beat up on Monpere day! If you are not trading Market profile on an hourly chart, and are not following the mandates of higher time frames as dictated by oh god @Big Mike, then you are a heretic. If you dare have a different approach then his highness then you should be subjugated. If you can write a piece of code that moves a stop limit 1 tick above a bar, you must be a trading bot, and should be trading 100 lot at Goldman Sachs.
When alternative approaches are mocked and ridiculed by the site creator and moderator, then it's no longer worth it to present them. No longer worth it to participate. Big Mike, how many times have you changed your trading approach in the time I've been here? Go back and read my very first posts, and look at my very first charts, and tell me how they've changed since that time. What will your loyal subjects do when you change you trading approach again next year?
In terms of monkeys pushing buttons, go to the download section on this site and type Monpere in the search box, you will see that every indicator I've written has to do with tools to help a trader in their analysis, and trade execution, not MACD's with 17 different selectable moving averages, as if that will make you profitable.
My trading approach relies on fast, efficient trade execution, and I know a good number of traders on this site have benefited from the code I've shared based on the private messages I've gotten. My last thread AutoHotKey Scripts is purely about tools to automate, and optimize the tasks in the trading environment, I have a ton ot this kind of stuff to share. My next thread was going to present my trading execution automation tools, and my communication method between indicators and strategies. I think many traders would benefit from that, as I've seen a lot of programmers attempt to do this lately, which is something I've been doing for 5 years now.
But, apparently those are all subjects of ridicule. Big Mike, you private message me a number of occasions to put on a webinar on scalping, and you reply in such a nature to my thoughts in a public post! Are you upset because I said no, every time you asked, because I don't feel comfortable in public speaking? What kind of hypocrisy is this? That is mental man! When the site leadership sets this example, my time on the site is at its end.
sinnce the thxs button is missing...Thxs monpere,I like your threads personally.
Personally when you which a certain age ,WGAF what anyone thinks,.I am 45 been doing it for 15+ years,still learning
to filter the good vs the bad vs the absurd. Lots of layers of grey friend. Keep posting.
My comments were made in jest, I apologize for not making that more clear.
And I have always thanked you for your contributions, many times, as have many others.
And you will see I thanked every post you made in that thread where you contributed this code, because I found it useful and I appreciate you sharing.
Not true. You make many posts about how well your automated systems do, so I was looking to hear why exactly you don't just add a zero or two at the end of the number of contracts you trade - it was a comment made tongue-in-cheek, I figured your answer would be that discretion is required. I never see you post that you had a bad day or bad string of trades, so I wasn't 100% sure what your reply would be. I wasn't expecting this however
I asked you to present a webinar (which you declined) because I believe in diversity and try to make sure that multiple views are represented on the site since there are many different ways to trade (a point I made just a couple of posts up from here).... I believe more or less the exact opposite of what you seem to think I believe, it would seem, based on your post.
Is it not possible to have a civil debate about your trading methodology? Not everyone is going to agree with you. Not everyone agrees with me. It's life, who cares what others think so long as you know the truth and are happy with your own choices!