I don't know, but my guts tells me that.
The concept is smart enough to let us think: "Hey, most of the guys don't know anything about that, that a huge advantage for us !!!".
But on the other side, that will make laugh a Quant trainee: too simple !!!
I, unlike many others here, don't have any trading experience. Still in SIM, still looking for something too good to be true that is really true . At this moment just overwhelmed with all the potential systems and unable to get and stick with one..
However, i have 7 years experience in online selling and marketing and i know those systems . Very used one is "make too good to be true statements, show some kind of proofs, put a high price tag, surround everything in a mystery aura, get a few good testimonials and you are good to go". There will always be customers that will honestly believe in you and your product. That happens often in the "internet marketing" arena. There are as well lot of "gurus" selling "too good to be true" products that miserably fail to deliver. What they never tell you is how many from their clients used to have poor results and after using their products things improved dramatically.
I enjoyed your post omaron. Your honesty is refreshing. A few words of advice. Stop looking. Stop testing. Stop experimenting. Stop changing charts every few days. Stop changing indicators and settings looking for the perfect combination. It doesn't exist. Ever notice that indicators will work on one chart at a particular setting but not at other times? So what do we do? Change charts and notice the same thing- it works sometimes but not at other times. So then we start to change the settings until we conclude the indicator doesn't work and then it's on to the next one. Sound familiar? Most of us have been there. Most of us have done it. Trading comes down to one thing and one thing only- making a decision. Oh there'll be someone who wants to argue that indicators are the key to making a decision or that we need them to help us make a decision. Look my friend, until we have a crystal ball, no indicator is going to tell us what orders are going to be traded in the next minute, or the next five minutes or ten or fifteen. The orders that have been traded are done and their impact on the market is over. There is no indicator that is going to tell you what the traders sitting on the sidelines are going to do. Not OFA, not Market Delta or any other bid/ask tool. They tell you what has traded- not what is going to be. To trade you need to know: 1) what side of the market you need to be on (Say what they will, nothing is more effective than a simple moving average- and it's free); 2) timing- when the market does this then I do this. Multiple time frames are required. One to see the big picture and one small. A 3:1 or 4:1 works best for most. I personally like to use stochastics (on both timeframes) and the MACD and wait for them to line up (and they're free). 3) a decision technique. This is what it comes down to- making a decision to enter the market. This is the hardest. There is no magic formula. There is no right or wrong way. It's your money and you have to be willing to live with and to accept the results. Welcome to trading! And 4) you have to know when you're wrong and be willing to let it go and move on to the next. Hope it helps.
The following 5 users say Thank You to Aragorn for this post:
"Hey, Forget the $1,000 . Forget $500. Would $200 a night make a difference?. If I said you could make $200 a night, after work, $4,000 each month, would that make a difference to your lifestyle?
(Remember, Melanie made $200 in 10 minutes of trading!)"
The order flow/order book info within color coded price bars that Kyle is getting set up at his TrendScalping site, is by far the most simplistic visual representation on charts I have ever seen. Focusing on following trends, and entering trades when everything is in alignment, is the path of least resistance approach to intraday trading.