Independent Review of WallStreet1928

This is a discussion on Independent Review of WallStreet1928 within the General Trading Chat forums, part of the T2W Archive category; Originally Posted by wallstreet1928 Hello my friend ........my fingers have had some rest , so here we go !! I ...

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Old Dec 2, 2011, 11:17am   #414
Joined Oct 2008
Re: Independent Review of WallStreet1928

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Originally Posted by wallstreet1928 View Post
Hello my friend ........my fingers have had some rest , so here we go !!

I will start by saying that i come from an academic background ..A levels and Economics degree at Manchester. I AM IN NO WAY ATTEMPTING TO PATRONISE YOU !! The concept I am going to explain is common sense, please dont take this a bad way but I think a lot of people on trade2win do not have any formal qualifications. A lot of traders on trade2win sound like punters turned traders who think they are betting on a horse...hence some very immature/childish remarks. I am 29 yrs old and I honestly feel like a grandfather on here at times due to childish comments I hear that lack any form of logic.

OK let me start by explaining the concept of market tops and bottoms because i honestly dont understand your level of intelligence. I have to assume you are beginners, because the questions you are putting forward would only come from a novice. The experienced traders on here understand where I am coming from and have sent numerous messages of appreciation.

The best trader in the world cant catch a top/bottom in a market but what he can do is spread his entry positions in order to get a good average. This is what Nicholas Santiago/Gareth Soloway do at Inthemoneystocks.com, this is something they have taught me to do.

The chart explains the concept of averaging into a position, thereby increases your chances of an optimal entry. So for example if you trade at 10 a point , rather than enter full 10 @ 5510 , I would enter 2 a time @ 5510 , 5505, 5500 ,5506, 5514 = avg 5507 = optimal entry given the volatility in the market place.

I did A - Level mathematics at college, and trust me when you do stats 1, 2,3 and mechnanics 1,2,3......the concept of getting a smooth average is very important.

The chart explains the concept of averaging into a long and short

so lets deal with the different scenarios

Scenario 1 : I am long ftse from 5510 - 5500 ..avg = 5505 , stop loss = 5475 , tgt = 5535 , 5545, 5555

I trade 4/5 contracts on average

I go long from 5510 and average in upto 5500 as price goes to 5499 ..I managed to average all 5 contracts. i start with 2 contracts and then go long 1 contract a time anywhere in that region until i get 5 contracts long

avg = 5505

stop loss always remains stagnant @ 5475

market rally 5520

stop loss now amended to b/e , all risk reduced from trade

market moves to 5540

and i knock off 2/3 for +40 , then last 1/3 left b/e

market moves to 5560 , then last 1/3 closed + 60

I honestly can't believe I am doing this , as it is common sense !! I'm just shocked that I have to explain this .....Traders are supposed to be sharp people


Scenario 2 : I am long ftse from 5510 - 5500 ..avg = 5505 , stop loss = 5475 , tgt = 5535 , 5545, 5555

I go long from 5510 and average in upto 5505 as price only goes to 5504, I have only managed to fill 3 contracts before market moves higher to 5514-5515. I then check my variables and see that market is not moving lower therefore I add the other 2 contracts @ 5514 and 5512

avg = 5510

stop loss always remains stagnant @ 5475

market rally to 5525

stop loss now ameneded to b/e , all risk reduced from trade

market moves to 5535

and i knock off 2/3 for +25 , then last 1/3 left b/e

market moves to 5560 , then last 1/3 closed + 50


Scenario 3 : I am short ftse from 5500 - 5510 ..avg = 5505 , stop loss = 5535 , tgt = 5475, 5465 , 5455

I go short from 5500 and average in upto 5515 as price spiked higher to 5517, I manage to get all 5 fills.

avg = 5512

stop loss always remains stagnant @ 5535

market sells off to 5495 , stop loss now amended to b/e

market sells off to 5482 , knock off 2/3 + 30 , last 1/3 b/e

market rally back upto 5512 = last 1/3 runner closed b/e



Scenario 4 : I am short ftse from 5500 - 5510 ..avg = 5505 , stop loss = 5535 , tgt = 5475, 5465 , 5455

I go short from 5500 and market drops immediately .......i check my variables and they are all showing immense weakness therefore i add my remaining shorts @ 5497 , 95, 94

avg = 5496

stop loss always remains stagnant @ 5535

market sells off to 5480 , stop loss now amended to b/e

market sells off to 5470 , knock off 2/3 + 26 , last 1/3 b/e

market sells off further to 5450 , last 1/3 closed + 46


and that is how I trade folks...I have explained all the scenarios to you !!


A classic example was today on FTSE ....live trade called in the morning on this thread ... long ftse from 5510 - 5500

I got in @ 5510 , 5505, 5501, 5496 , 5490

avg = 5502

stop loss remains stagnant @ 5465

market rally to 5535 , closed + 32

The whole concept here is that I identify a zone ......one can enter anywhere in that zone , but if one can get a smooth average in that zone it is better as it gives you an optimal entry. The choice is yours as a student ?

I am not here to hold your hand or tell you what level to buy exactly to the pip ??
That is what a signal service does ??? I am not a signal service , I am alive analysis service. I am telling you what I am doing on my trading account and where I am entering.

80% of time I am able to enter calmly and catch any false spikes and get a very good average.

This wide 10 point window entry then allows me to account for different broker spreads , volatility , time delays etc etc. So its a double benefit for me due to optimal entry and for students as they are able to get into trade if they wish.

I hope that clarifies my trading style.......this style is based on a high level of accuracy , my accuracy = > 90% so I am fine to trade it.


My service is called "Live Analysis service" . not signal service. I send out my entry area, with stop loss and exit in real time. I then explain in advance which way i expect the market to move based on intermarket analysis and fundamental news flow, this allows the student to learn in a practical way. I then send TA and FA arguments via email explaining why the market is expected to move higher/lower ...........

The markets hits my target ............I send out text to say i have taken profit and students can do whatever they want with that information. If they choose to follow, they do so at there own risk.

My job is to explain why the market is moving in real time .......I highlight all the variables they need to observe and learn in order to trade independently.

I empower my students by showing them how i do it in real time ???

My neck is on the line on every trade , every day , every week ???

I lead by example and then they follow and learn like a car driving lesson ??


Now tell me if i am ripping people off by charging them a small fee which is peanuts given the cost of learning/courses in this industry that go up to the thousands !!


For just 50 a month for a few months i can certainly make them an accomplished successful trader with a firm grounding of the stockmarket ???
answer above please read
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Old Dec 2, 2011, 11:20am   #415
 
Masquerade's Avatar
Joined Nov 2007
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by wallstreet1928 View Post
so lets deal with the different scenarios

Scenario 1 : I am long ftse from 5510 - 5500 ..avg = 5505 , stop loss = 5475 , tgt = 5535 , 5545, 5555

I trade 4/5 contracts on average

I go long from 5510 and average in upto 5500 as price goes to 5499 ..I managed to average all 5 contracts. i start with 2 contracts and then go long 1 contract a time anywhere in that region until i get 5 contracts long

avg = 5505

stop loss always remains stagnant @ 5475

market rally 5520

stop loss now amended to b/e , all risk reduced from trade

market moves to 5540

and i knock off 2/3 for +40 , then last 1/3 left b/e

market moves to 5560 , then last 1/3 closed + 60

I honestly can't believe I am doing this , as it is common sense !! I'm just shocked that I have to explain this .....Traders are supposed to be sharp people
One more time i'll go back to basics.

As you report in pips rather than we'll put the money aside. From the example above, i'm not disputing whether the above example is a profit or loss. For the purposes of your reporting for your site. How many pips did you make in the above trade?
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Old Dec 2, 2011, 11:25am   #416
Joined Oct 2008
Re: Independent Review of WallStreet1928

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Originally Posted by Masquerade View Post
One more time i'll go back to basics.

As you report in pips rather than we'll put the money aside. From the example above, i'm not disputing whether the above example is a profit or loss. For the purposes of your reporting for your site. How many pips did you make in the above trade?
I called this trade live with flasheart , on trade2win yesterday 1st December @

please go to trade2win and see the result...all live and in real time !!
all entry levels achieved

avg was 5502

position closed + 33

http://www.trade2win.com/boards/uk-i...w-traders.html
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Old Dec 2, 2011, 11:27am   #417
Joined Apr 2006
Re: Independent Review of WallStreet1928

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Originally Posted by wallstreet1928 View Post
avoid which question ??
Here's a hypothetical scenario. You enter a trade with 3 lots

You close two lots at + 40.
You close the remaining lot at + 60

How many pips would you report that as on your website. Its a very simple question. And no I wont read your live calls thread
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Old Dec 2, 2011, 11:28am   #418
Joined Oct 2008
Re: Independent Review of WallStreet1928

"
Originally Posted by wallstreet1928
here is a live trade for you

long ftse 5510 , i will add upto 5500

avg = 5505


stop loss = 5465

tgt = 5545 , 5555


long nasdaq = 2289 , upto 2279


avg = 2284

stop loss = 2264


tgt = 2304, 2314
ftse falls further ...so far 4 contracts longs ., now added another and final long @ 5492 ..thereby bringing my average down to 5502

all my long positions are in

stop loss remains stagnant as always @ 5465


now I let the market decide my fate"
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Old Dec 2, 2011, 11:30am   #419
 
Masquerade's Avatar
Joined Nov 2007
Re: Independent Review of WallStreet1928

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Originally Posted by wallstreet1928 View Post
I don't follow..... you wrote:

Quote:
and i knock off 2/3 for +40 , then last 1/3 left b/e

market moves to 5560 , then last 1/3 closed + 60
So how does your example correlate to your trade yesterday when you said you made +33 and you're talking about 2/3 +40 and 1/3 + 60?
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Old Dec 2, 2011, 11:31am   #420
Joined Oct 2006
Re: Independent Review of WallStreet1928

Quote:
Originally Posted by the hare View Post
Here's a hypothetical scenario. You enter a trade with 3 lots

You close two lots at + 40.
You close the remaining lot at + 60

How many pips would you report that as on your website. Its a very simple question. And no I wont read your live calls thread
wallstreet,

Just answer the question, stop talking nonsense about racism and religion.
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