Watch with one hand for sale

[trendie]

While reading the posts on the Sniper thread, and the collosal pips being made, it reminded me of the joke about the guy who bought a watch for a really good price.

When he got it home it turned out it was broken.
And it only had one hand on the dial, the other hand presumably having been broken off.

He didnt realise his misfortune as he was sold the watch at exactly noon. :cheesy:

My point that I am rambling towards is the plethora of trend-following systems being whooped about as if they were some revelation. They are not. They have always been about.
As have sup/res and range-trading.

At some point, Sniper, as well as other MA-based (whether bog-standard MAs or exotic Hulls) will lose their edge as the market conditions change.

The markets have also been experiencing high ranges, and will, at some point return to their median values.

The real test of the any system is their ability to stay out of markets when conditions are not appropriate, or have a money-management method that minimises losses.

Threads pop up regularly when the markets are in tune with a particular style, but vanish the minute they experience some difficulty.

We are in a trending market. Big deal. beware of buying a broken one-handed watch at noon.

 

[gamma]

I like youself and a lot of members follow and read the concept thread.
Unfortunately I made the mistake of contributing to it negatively. Somewhere down the thread there were posts about the negative posters having left and only positive comments being posted.So all the bad apples like myself stopped.I see now a lot of the positive posters are not so sure
It is sad that a lot of new traders are introduced to trading in this way,there was a post earlier today on the thread asking the age old question" If you have a great system why sell it"
The end result will be, some will learn not to look at easy systems and go on and become good traders with realistic goals and others will simply give up trading.
The morale of Trendie's post (as I see it) is there are no free lunches, trading is hard work and buying someone else's system will just not work, Learn and develop your own system that can be tweaked and adjusted to changing maket conditions manually by yourself and you will have far greater success than any "trading system"

 

[shadowninja]

It's down to experience. MAs can work in a trending market but as I am sure I've posted elsewhere, when it's ranging, you have to be very, very careful.

 

[gamma]

Just read this on the concept thread

Guys,

Let's be clear about this! Concept is sold quite specifically as an EDUCATIONAL system! Strictly speaking it is not supposed to be treated as giving trading or investment advice. The idea that you might get your money back because you are losing based on following the signals, is as logical as suggesting you would give Concept a cut if you were winning!

That said, we all know it is trading advice, that the Concept guys know full well that their clients are putting their money where Concept's mouth is, and they do nothing to encourage the idea that it is just education or that people should just papertrade, with no money involved. We have a moral right (but no legal fallback) to ask what is being done to rectify the present bad trading record.

But do you imagine they are doing nothing behind the scenes? You know they have a fantastic business model, and have never given any guarantees as to longevity of their current system. Tradewin just DIED. My PURE GUESS is that another system is in gestation. It too will seem to work for a time.

As regards acceptable answers, let alone solutions.....don't hold your breath!

Every day I feel more foolish, not least at having advocated the system to others, but then I have to say it was actually quite EDUCATIONAL in a very unexpected way.

Pretty expensive educational system.
considering you can get a far better education just reading the forums for free on t2w

 

[abottoml]

"Even a stopped clock tells the right time twice a day"

 

[Trader333]

Pretty expensive educational system.

This is just a disclaimer as you need either FSA or SEC authorisation to make trading recommendations. By stating it as educational you avoid the need for this.

"Even a stopped clock tells the right time twice a day"

A digital one doesn't


Paul