How To Make Money Trading The Markets.

Originally Posted by tenbobtrader

Hi Mr Charts

read all this carefully worded thread Richard

some very good posts, your willingness to help new/old traders find their feet in a dificult game is to be applauded

BUT ~

you are a vender

looks like your fishing for punters which is fair enough I guess, you have declared your status



"I'm not going to go into detail publicly about how I do this, but a lot of the time level 2 is just noise/insignificant. There are times when it is priceless because it tells you what is highly likely to happen BEFORE it does.That becomes extremely difficult on very fast moving stocks, it becomes unreadable as you infer. However, on other stocks it is very readable at key points and that is when it is priceless for keeping you out of, just as an example, breakouts which then go on to fail. It's not infallible, but it gives me a huge edge.
Yes, it certainly is possible to trade the chart patterns only and make a profit, but the success rate won't be as high or the profits so substantial
I view charts as being two dimensional; the third dimension is level 2 T&S; not always necessary, but sometimes a huge help.
Hope that helps,
Richard

__________________
Mr. Charts
Full time US Share Trader"


"Hello shopsmart,
I read news stories pre-market and use scanners before and during market hours to find stocks which might create the set ups I use - of which this thread is about one only.
I also use level 2 T&S to provide a trigger for the trade. You can manage without level 2 t&S but it gives me a huge edge; it sometimes, not always, gives me key evidence as to whether a trade will work or not.
Richard.
__________________
Mr. Charts
Full time US Share Trader"


without any indication to your use of T&S it appears like you are fishing for punters = pay me and I will show you how to make a decending 20ma system work for you

you could have stopped the thread after 3-4 pages with all detail contained if your motif was not a fishing expedition imho

"any trading system that is not 100% undeniably controlled by some mechanical means or fixed rule in every single aspect of its existence is judgemental in some way, no matter how small"

"any system with a judgemental component will work better for the system developer than for some random person who buys it and puts it into action. The only way to profit from a system in the same way as the developer is to take the same signals that the developer takes, and exit when the developer exits"

regards any questions raised by other posters that were not in agreement with you or part method posted on thread ....... just general questions really, nothing very aggressive or unreasonable imho

many times others answered on your behalf in an aggressive endorsing manner, imho killing any debate regards the validity of the (PART) method posted on this thread, you then later endorse the answer when the gunfire is judged to have subsided or that is how it appears

one poster in particular is one of your happy clients, he appears to be a reasonably hard working chap and yet even he concedes he cannot manage to turn a consistent profit with your method

performance issues he blames on his own short falls

imho it is not his shortfalls but a reflection on yours and this half posted method on a thread started by a vendor

you have some 12 setups you use and your obviously very busy with other stuff, if your going to post a method to help new traders it should be complete imho, it does not need to be great but it should be complete

I accept you made it clear in your 1st post regards T&S part of method and discretion used by yourself not being part of the thread and I can understand why, perhaps you did not consider any problems regards the omission of T&S

the fact remains that the method can"t be properly back and forward tested by any traders without it

you state your a full time trader for 10 yrs, you must be aware a half method is no method at all Richard

perhaps you could if you get some spare time post exact guidance to entry criterior without T&S

strongly trending 1-3 min tf is open to misinterpretation judging by some of the posted charts by others

your criterior for not entering

your definition of S & R nearby (reason given for no valid entry) ............. pdh & low or other S&R definition you consider ?


perhaps a 1-10 bullet list might help , the thread is 60 ish pages long

Hard Hat on

latter


Andy

Originally Posted by Mr. Charts

I am not getting involved in flame wars with anybody. I've got more important things to do.
That does NOT mean someone can get away with lying and gross distortions.

If someone has a personal vendetta against timsk – and it’s totally beyond me why anyone on this planet should have any animosity towards him – then maybe they should look inside themselves to find the real source of the “problem”.
What a shame decent genuine helpful people like him get attacked for no reason.

There is “one” poster on this thread today whose comments I haven’t read as I have him on ignore. Anyone who posts messages wanting me dead when he doesn’t even know me needs the sort of help I can’t provide.

Neil, your post, “I think the thread should be closed. Seems little point in continuing now the trolls have appeared. Richard has provided more than enough free info. for anyone prepared to put in the work to succeed.
Special thanks for all the charts Richard. “

Thank you for your kind words. I agree with much of what you’ve said but I don’t want the thread closing because all the material in it would soon become lost. The idea was to provide a methodology that many people would be able to use to their personal benefit and profit. Closure because of an attack like that would negate the purpose of the thread to the detriment of others who have and might find it useful in some way; even if they find the method doesn’t suit them then there might be other aspects like risk control and position management which they do like. Others have already adapted the concepts to other trading instruments.
Whether I will continue the thread or spend as much time posting and answering questions – including many off board – is a different matter.
I can’t help wondering whether I really want to be bothered to post material which those individuals who choose to try and wreck the thread might find useful themselves……but, hey, I won't let the trolls win. No way.

Bfirth,
Thank you for an excellent and intelligent post and for your kind words. Spot on. One of the few posts worth reading a second time.

Charlton, there is a lot in what you say.
Most of the people who I have trained have come to me via personal recommendation, though some from googling and researching me and so on.
There are several others who I have declined to train for various reasons, including one recent poster on this thread.
You have also hit on an essential element in teaching, which is that the people who tend to do best are those who are taught or encouraged to also think for themselves as well as being taught what works and what doesn’t and why. That understanding is key, imho.

Thank you to everyone who has made positive contributions.

There have been people in the past who have tried to attack me, usually because they are the BB equivalent of vandals, sometimes for deeper reasons.
Quite a few very capable traders over the years have been driven away from t2w.
No one has succeeded in driving me off here and no one ever will.
I don't give up.
Simple.

Richard

Originally Posted by Charlton

I think there is absolute clarity here.

Richard has shown clearly that he is a vendor, both in his badge and in occasional references to how his career progressed from dentist to trainer.

He has told us many times that the strategy he presents in this thread comprise just one of those that he uses and that it does not NEED level 2, even though you might get a better edge by using it.

He has provided free education here and it is up to each follower of his thread to decide whether the free strategy is right for them.

If it is right for them, they then need to determine whether or not they wish to pursue further 121 training with him to learn about L2 or other strategies. I assume that they will do that based on whether they have already made a profit using the free strategy.

If the free strategy is not right for them I doubt that anyone would say - Oh it hasn't worked because I don't know about L2, so I will have to be trained on that. I think they would be more likely to say, "Richard's strategy is not right for me, so I won't pursue training with him further".

It seems that many people have enjoyed his thread and wish it would continue.

It is a shame that so many threads end because of emotionally charged language rather than civilised debate and questioning. It would also be more fruitful if this debate was conducted outside of the thread in question in those cases where the flow of the thread would be ruined for those who wish to follow it.

Charlton

Originally Posted by Splitlink

There is one specific question that I would ask you and others, though.

What was wrong with tenbobtrader's post?

No opinions without specifying the offending words, please. A thread should be able to survive one dissenting poster. So should a another poster. I have had more hurtful things said against me in my time. I certainly, have no intention of leaving because of the opinion of one person.