Okay, it's time to get the monkey off my back, and publicly address some e-mails and some PM's, and this way we leave no doubt about what I am doing here. BTW, no names are getting mentioned, so no one hold your breath.
Anyone can read this entire thread if you want, and you will never see read how I tried to promote my methodology or encourage anyone to trade with it. Even in private conversations and different threads on this site, I have said methodologies are personal. As long as it brings consistent gains, that is all that counts. Different ones have asked and pondered about using the ichimoku cloud, and some of you get particular levels for my S&R's, and all that is good. I am glad to help anyone trade iowth the ichimoku cloud or my S&R's, but I will never force the usage of mine or anyone else's methodology on anyone. I'll give tips, support, and you name it. My S&R's are some of the most accurate anyone will ever come across, but they are proprietary. I'll give the levels, but not the formula. That is another reason I could never even encourage someone to use my methodology, because someday I'll be dead, adn there will bo no more of Paul and Tucker's (in the avatar) S&R's.
Another reason I trade the way I do is because I have a high risk tolerance, and lots of ice in my veins. It has just been effective, but effective for me. I could never be effective using the Elliot Wave, but my buddy, Dave, is doing a splendid job with it.
I break many sterotypical rules by not using stops, and piggy backing my trades. Don't do it, unless you know what you are doing. Having said that, I have several trades that take the jet. You know, place the trade, go to bed, and wake up to +100 pips.
I'll give my opinion concerning my trades, but I had an e-mail when someone asked, "What should I do?" The problem was he was already in the trade and 200 pips down. It's too late to ask me then. Ask before you enter. I'm a trader, not the magic jeannie.
Now, I'm going to contradict myself....to a degree. (I know some people already licking their chops on this one. Don't count on it.) It's okay to trade my forecasts with no stops, and even piggy back the trades, but please, don't do it live. Open a demo and trade that way all you want. If you do go bankrupt, just apply for some more demo money, and they'll hook you up with no credit check. A good friend of mine trades with no stops, and piggy backs, and he is doing very well, but there was a lot of hard lining that was needed. Let's face, this type of methodology has made me outstanding pips, but it is off-the-wall, and there is more to it than meets the eye. My friend was my protegee in 2007.
I mentioned all this for the benefit of the newbies. By now the vets of the trading world are sleeping. I think if you ask most successful traders, they will agree whole-heartedly, at least in principle, to all I have said. In private, or in this forum, if you comment or ask, I will tell, and I shoot like an arrow. It is straight, and sometimes it might hurt, but that is because I just told you either what was honest, or how I felt from an opinionated point of view.
I said all that, not to rave on, but so there is no misunderstanding of my points of view on the things I talked about.
