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But if you come up with something tangible, I'd love to be the first to know!

 

 

I promise nothing...but I know I have a few (very) old BB squeeze strategies somewhere on a prehistoric computer. I'll run a few verification tests and try to add some rules to show what MightyMouse means with getting better served if you follow price action...

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I promise nothing...but I know I have a few (very) old BB squeeze strategies somewhere on a prehistoric computer. I'll run a few verification tests and try to add some rules to show what MightyMouse means with getting better served if you follow price action...

 

Hasn't this entire method been based on price action? You guys are really unbelievable...Haven't heard a single thing I said...

 

Don't bother with the BB studies, really has nothing to do with this "system."

 

Anyway, wish y'all the best of luck in the future...

 

 

Phantom out.

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Hasn't this entire method been based on price action? You guys are really unbelievable...Haven't heard a single thing I said...

 

Don't bother with the BB studies, really has nothing to do with this "system."

 

Anyway, wish y'all the best of luck in the future...

 

 

Phantom out.

 

Awwwh I do hope you keep posting to this thread. Some people have such different terms of reference it is very hard to approach stuff with a completely open mind. That's no bad reflection on you or them, its just how it is. There will be just as many that do get it....hell you wouldn't believe the accumulated nonsense I have buzzing around my noggin but I think I have a good idea of where you are coming from (an imho it's not a bad place).

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Hasn't this entire method been based on price action? You guys are really unbelievable...Haven't heard a single thing I said...

 

Don't bother with the BB studies, really has nothing to do with this "system."

 

Anyway, wish y'all the best of luck in the future...

 

Phantom out.

 

push on Phantom, push on

 

This is your thread and you need to push on.

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Awwwh I do hope you keep posting to this thread. Some people have such different terms of reference it is very hard to approach stuff with a completely open mind. That's no bad reflection on you or them, its just how it is. There will be just as many that do get it....hell you wouldn't believe the accumulated nonsense I have buzzing around my noggin but I think I have a good idea of where you are coming from (an imho it's not a bad place).

 

I hear ya BlowFish, just that I have issues with obstinance (in adults; I expect it from children). Like I said before, I'm not used to the open forum atmosphere; I didn't expect that generosity would be accepted with folded arms. Maybe I am better off publishing something and selling it because then these guys would be highlighting and hanging on every sentence in the book instead of criticizing the author.

 

Usually, people appreciate freebies, especially when the info could be life changing.

But I guess the trading community is replete with (dare I say sociopaths?) people with underdeveloped social skills.

 

I've seen trading systems costing over $3000 that aren't nearly as financially productive as the stuff I've already given away. And I've barely scratched the surface. (My volatility work would blow you away. Pun intended).

 

I'm not about being one of the trading intelligencia, but I would appreciate it if those that have that need at least keep it to themselves.

 

Luv,

Phantom

Edited by phantom

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Usually, people appreciate freebies, especially when the info could be life changing.

But I guess the trading community is replete with (dare I say sociopaths?) people with underdeveloped social skills.

 

I've seen trading systems costing over $3000 that aren't nearly as financially productive as the stuff I've already given away. And I've barely scratched the surface. (My volatility work would blow you away. Pun intended).

 

I'm not about being one of the trading intelligencia, although I've forgotten more about trading effectively than most traders will ever know.

 

 

And there are the big (hype) words again... prove/backup your words and you get all the credits/respect you demand....also from me...one of the biggest "sociopaths"...!! It's up to you....I promise to keep my mouth shut...

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And there are the big (hype) words again... prove/backup your words and you get all the credits/respect you demand....also from me...one of the biggest "sociopaths"...!! It's up to you....I promise to keep my mouth shut...

 

You're already popping off and I wasn't even talking to you.

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You're already popping off and I wasn't even talking to you.

 

Dude...you've positioned yourself as the greatest trader alive... Fine with me...back it up... The thread is yours...everybody listens....

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phantom,

 

(Even though thousands may read it and even thousands yap at you about it) Again, I’d ask you to consider writing as if just one person is really listening and benefiting from your work… and just ignore hecklers and others who can only respond with disrespect for methods not on the same wavelengths as their own… most of them have been hurt before...

Other suggestions –

> Start a blog on TL or elsewhere. Feedback in general, but esp. neg. feedback, tends to drop off considerably.

> Open same kind of thread over on ET or T2W and see what happens… this bunch here will suddenly start to seem as reverent as a bunch of long bearded old rabbi’s…;)

> Request that posters on your thread only ask questions and post images of realtime setup examples of your stuff… and if they want to challenge, confront, or disagree they can start a separate 'bash the phantom' thread.

> Start a new thread... move the good stuff from this one over... you might get weeks before someone starts up crap...

 

All the best.

 

zdo

Edited by zdo
One more >

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Maybe I am better off publishing something and selling it

 

Not a bad idea. You could use this thread, or a blog as a way to refine and edit the text. Make posts, then copy them out to your book, and edit it as needed. If you develop a following here, that would help launch the book.

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Hi Phantom,

 

Thank you for sharing your well thought out TA in a rational and clear way.

 

This is a discussion forum, hence ............ You are doing great keeping things on topic and under control. It does get frustrating at times. In my opinion, as long as the discussion stays civil and about the merits, the back and forth is more enlightening than writing an article or blog.

 

As you probably know, the annals of T/A are full of "perfect setups". Respectfully, it seems rather naive to believe that any one of these setups, regardless of how technically sound and well articulated, will lead aspiring traders to consistent profitability, as you surmise.

 

"I'll leave trade management for another discussion."

 

Along these lines, perhaps you can take your desire to help to the next level. A threshold seldom if ever crossed in these discussions. Provide examples and explanations of less perfect (precise), yet tradeable setups, setups which result in a loss, whipsaws, targets, entry and exit considerations, unanticipated price developments after entry ..................... The market has no shortage of challenges. In my opinion this is one of the areas were most traders fail. An oh so simple setup constantly morphing into a riddle - in real time.

 

I realize that to solve this riddle takes great effort and expense. Maybe you can find a way to shed light in this area without giving away key proprietary information.

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Hey Flex,

do you ever trade or do you just backtest systems until your old computers give out??

 

You got me...as you can judge from my number of posts I am just a forum junkie....

 

Just read the post of Peterthemonkey...he explains it perfectly...

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My background is in nuclear engineering but I've been day trading for a living since 1999.

 

My hope is that at least some of you traders can relate...

Phantom

 

It's not often I have the opportunity to rub cyber elbows with a nuclear engineer, keep it up phantom, I'm here and taking notes. ;)

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The Phantom is back with reservations and restrictions...

 

 

 

The examples I posted in this thread were actual trades that occurred this and last week. Please reread the logic of those trades and start paper trading them for yourself!

 

No matter how many winning or losing examples of real or imaginary trades I post here, the collective You will not believe me until you prove it to yourself!!!

 

So the burden of proof lies on you, not me.

 

 

I will post my next instruction soon. I must work out some details before I post it.

 

The following users are from this point on blacklisted from any future responses from the Phantom: Steve46, Mighty Mouth, Flex-whatever.

 

If I sense any ill-tenored remark from any other user, that user will go on the blacklist immediately and without reply.

 

I'm going to start a private blog on my own website soon, and the intelligent, pertinent replies I receive will become a part of my blog posts, so you must heretofore give permission for your username and question/remarks to be used by me at my discretion.

 

If you don't agree to this, don't remark on my thread. No exceptions.

 

Talk soon.

 

 

Luv,

Phantom

 

ps Darn, I just missed a 50 tic breakout in the euro writing this post. I'll show you the setup next week.

Edited by phantom

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So the burden of proof lies on you, not me.

 

Talk soon.

Luv,

Phantom

 

That is the spirit Phantom ... you write what you feel and think and the Readers can take it or leave it.

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Glad you are going to continue. The principles underlying your approach seem sound to me (though what do I know?) You can happily quote me fwiw, always wanted to see my name in lights! :cinema: haha

 

It's some while that we have seen a new thread at TL by someone talking in reasonable detail about how they approach the market. Personally I greatly prefer them to the 'never trade whilst water skiing' type threads. So, again, good that you are continuing TL needs threads like this (whether one agrees or disagrees with the content) if it is to remain a première destination for traders.

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Dearest Flex, Mighty Mouse, and anyone else who only visits my thread only to look for inconsistencies and spread quasi-malicious comments,

 

My posts are fully intended to be didactic in nature.

 

If, for whatever reason, my posts offend you, you are all certainly invited to refrain from coming here. I can tell by the sheer numbers of visits that some of the folks who frequent my thread are actually interested in learning something.

 

I just hope that the folks who are well intended are not put off by your comments because I intend to continue teaching in spite of all your off-color comments.

 

Furthermore, I will teach on indicators when I am ready, and refuse to be pushed around by the few of you who don't have the patience to wait, and don't know a good thing when you have it right in your hands.

 

Now go do something constructive with your time and leave us alone if you can't behave yourselves...

 

 

Phantom

 

 

Hey Phantom!

 

I'm been lurking in here for a while, and have very much admired your patience with some of the other posters in this thread. You know, those folks that assume you're selling something, running a scam, and so forth. All I've seen you post is EXCELLENT tidbits of very helpful, concise, and if used properly, potentially very profitable infromation, tools and techniques. Please don't let those dense, argumentative knuckleheads deter you from what you obviously love doing.

 

I believe it was Mark Twain who said something like: "You should never try to teach a pig to sing. It's a waste of time, and it annoys the pig."

 

Some just can't stand that someone might actually know more than they do.

 

Cheers

 

Jerry

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Glad you are going to continue. The principles underlying your approach seem sound to me (though what do I know?) You can happily quote me fwiw, always wanted to see my name in lights! :cinema: haha

 

It's some while that we have seen a new thread at TL by someone talking in reasonable detail about how they approach the market. Personally I greatly prefer them to the 'never trade whilst water skiing' type threads. So, again, good that you are continuing TL needs threads like this (whether one agrees or disagrees with the content) if it is to remain a première destination for traders.

 

Interesting comment Blowfish...and it dovetails nicely with what I want to say...

First, I don't have a comment one way or another about the sytematic approach...in my business we don't throw money at a system just because someone suggests that it is viable...that would be silly in the extreme....

Second..in terms of "what works"...if we move forward from point one...what "works" once you have an idea in mind is to test it...and the idea that one might have trouble testing this system (or any system for that matter) is a bit suspicious...In my opinion, every systematic approach can be reduced to a testable format, and if you can't readily do that, then you are left with manual tests of tha database...

Finally, I realize that the popular conception is that you only need 30 data points to evaluate a system...ah no...that won't do it...I leave it to others to figure this one out but lets just say that to really get an idea of whether a system "works" (is tradeable, makes money, has a acceptable drawdown, etc) I think you need to have data that reflects several kinds of market conditions over a period of several years at minimum...

Just a quick comment for those interested in more than green light/buy, red light/sell approaches....

 

 

Good luck

Steve

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Hey Phantom!

 

I'm been lurking in here for a while, and have very much admired your patience with some of the other posters in this thread. You know, those folks that assume you're selling something, running a scam, and so forth. All I've seen you post is EXCELLENT tidbits of very helpful, concise, and if used properly, potentially very profitable infromation, tools and techniques. Please don't let those dense, argumentative knuckleheads deter you from what you obviously love doing.

 

I believe it was Mark Twain who said something like: "You should never try to teach a pig to sing. It's a waste of time, and it annoys the pig."

 

Some just can't stand that someone might actually know more than they do.

 

Cheers

 

Jerry

 

Didn't Mark Twain have a real knack for hitting the nail square on the head? I believe Mr Twain also said something to the effect of "There's lies, damn lies and statistics." That's why I never had much faith in backtesting "systems." I test my research with real money, not computer simulations.

 

 

Luv,

Phantom

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Didn't Mark Twain have a real knack for hitting the nail square on the head? I believe Mr Twain also said something to the effect of "There's lies, damn lies and statistics." That's why I never had much faith in backtesting "systems." I test my research with real money, not computer simulations.

 

 

Luv,

Phantom

 

That's more the type of comment one might hear from a "sanitary engineer" as opposed to a "nuclear" engineer".....

 

So at this point, we can pretty much conclude that this gentleman (or lady) has never been anywhere near a Engineering curriculum (of any kind)....

 

Maybe he should have suggested that he was "Superhero", or "Astronaut" perhaps....

 

OK then enough joking around...frankly its of little interest to me, but to those with the capacity for critical thought THIS last comment really causes me to wonder

 

and the idea that at some point in the near future we can ALL find his precious comments if we will only go to HIS BLOG.....ahhhhhhh yes..

 

Well then...enough balloon popping for tonight...Sorry Phantom.....please carry on as you were.

 

"Luv"

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Random thoughts on testing.

 

My uncle was an engineer he taught me the scientific method when I was... I dunno about 8 years old I guess. In my view (fwiw) though pretty simple it is very useful in many aspects of life for acquiring and integrating knowledge.

 

Computerised back testing is just a tool. Nine times out of ten people draw un-reliable conclusions from it. There's a whole bunch of reasons for this that go beyond the scope of this thread. For most things I far prefer testing 'by hand/eyeball'. Performance analysis has its place too (to call that statistics is a bit grand for what is essentially keeping a tally). Market generated statistics have there place too but this thread is not one of them :)

 

This is one of those areas where expertise in other walks of life can be detrimental to your outcomes if you expect trading to 'work in the same way'.

 

DBPhoenix in his blog here (the journal section) outlines an iterative process to find test and refine an edge/pattern/idea. If memory serves he has talked at greater length if forums.

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