Reasonable Expectations???

[philhackett]

I do not post charts. If you get Dealbook Wes Newman set them up as I described you will make money. Dema is the most potent indicator. When it follows the cles out of the Keltner Channel trade the move. You must see it for yourself.

It is very difficult to lose money if you use my system.

Also put a 50 MA on the chart Pivot Points. If the cles are above both of these at the open you can expect an UP day. If below them it will probably be a DOWN day.

Remember that world events dramatically affect the markets. It can change direction in an instant hence the safety of stops.

[amarnath]

Originally posted by philhackett
I do not post charts. If you get Dealbook Wes Newman set them up as I described you will make money. Dema is the most potent indicator. When it follows the cles out of the Keltner Channel trade the move. You must see it for yourself.

It is very difficult to lose money if you use my system.

Also put a 50 MA on the chart Pivot Points. If the cles are above both of these at the open you can expect an UP day. If below them it will probably be a DOWN day.

Remember that world events dramatically affect the markets. It can change direction in an instant hence the safety of stops.

No system is full proof

[TrendlineBreak]

Hi Phil

Can you use Dealbook as a st alone charting package or do you have to trade through them.

I am currently happy with the broker I use but would like to use the charting software as an addition to the one I already use.

[MickMason]

Just a recap is this about right:

You trade 12 hours a day

On your charts you have:

Keltner Channel
Bollinger Bs
Dema (Double Exponential Moving Average)
CCI
50MA
Pivot points
Trend lines
Cles

You advise:

'You should aim to have three screens'
'You learn very little when paper trading'

I see.....sounds like just another unnecessarily complicated system to me. Trading like you say is simple it doesn't require a qualification in Technical Analysis three screens half a dozen indicators on a chart or 12 hours a day to be profitable!

Trading demo is extremely important also psychology plays as big a part as money management risk control finally comes a simple uncomplicated trading system. Without the first four the fifth is worthless no matter what qualifications one has. The more lines on a chart doesn't automatically mean the system is superior in fact for a novice trader it often leads to hesitation indecision.

I don't believe the original poster was looking for a trading system he was looking for confirmation that his projected figures were feasible. They are.

There is a trading strategy forum especially for discussing trading strategies I'm sure you could demonstrate your system there maybe even post a few screen shots?


Mick

[amarnath]

Hi mickmason

I see.....sounds like just another unnecessarily complicated system to me. Trading like you say is simple it doesn't require a qualification in Technical Analysis three screens half a dozen indicators on a chart or 12 hours a day to be profitable


I agree with you


i dont think he will have time to demonstrate his (It is very difficult to lose money if you use my system.) very diffcult to break system

[amarnath]

Hi philhackett

Dema is the most potent indicator.

Is there is any way to measure potency of a indicator in term of TA . As a qualified TA i think you may have some formula to measure potency of indiactors if there is some way for such measurement can you post ideas behind it ?

[philhackett]

1) Either be an engineer or an oily rag. You choose. Best to get trained as do Plumbers Doctors Lawyers etc. This is not a business for amateurs hence so many heavy losers.
2) Keltner Channels 5 SMA are essential. Dema is the best available.
3) 50 MA gives an idea of where the day is going.
4) Floor Traders use Pivots; you should too.
5) Dealbook can be trialed free for a month. You can then set up my indicators see for yourself. This morning it produced 25 pips in a very quiet market.
6) The only indicators I need are KC Bollinger Dema Pivots. Others are suggestions to help those who do not realise they are not as experienced as they think!

If you cannot appreciate the significance of my system you shouild not be trading. I have not loast money for years!

[James]

Originally posted by philhackett
If you cannot appreciate the significance of my system you shouild not be trading....

Are you for real?

why do you keep on touting Dealbook?

Today was not a quiet day - Cable has moved 140 pips.

Your system is nothing... sorry but it's rubbish.

New traders beware. Don't open an account blow it in a few weeks with the "hackett system" It is pure nonsense.

No offense Phil but it's time to give it a rest.