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Old 17-07-2005, 06:04   #9
psytrader
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Re: Trading systems that cost $50,000

If you have 20k that you are THAT ready to part with. Then open a mini account with 20k and dont take any courses.

The knowlege that you will gain in live trading with 2 moving averages and a 20k mini will so far outweigh the benefit of a course,......you will wonder why you wanted to attend one in the first place.


Its been a good week and Im feeling generous so here is a freebee.

But first I would like to answer a few of the inevitable questions that I will undoubtedly recieve for sharing my method.

Yes,this is what I use. (18 months in 4X, 10 months on this system, zero regrets)

Yes, I came up with it,...heres how,...

fibonacci numbers are: 1,1,2,3,5,8,13,21,34,55,89,144

Why only 2 moving averages?
That was my number when I played water polo in college.

Yes, it is free.

No, I will not let you pry through my private info to "prove" it.

If you can't trade this system profitably,...then go to bed. Youre going to need to be rested for that "job" you have so that you can afford to be swindled out of $50,000.



System

Put an 89 and a 144 closing simple moving average on a 5 minute chart and stare at it real hard.

Get it yet?......No?,......Thats ok,.....it took me 8 months to get it.

(It took me 8 months because I started at the WRONG end of the fibonacci number list above,..kinda like you did when you read it just now)

This system has 3 rules.

Rules


1. Bulls live above the 144 sma,...Bears live below the 144 sma.

2. 89 sma price barrier confirms continuation of trend, 89 sma price penetration "suggests" reversal of trend. (when in doubt,...get a sheet of paper and write rule number 1 ten times for doubting yourself)

3. DO NOT,... ON PAIN OF DEATH,...break rule number 1


In order to put yourself in the right frame of mind to begin trading this system please take out a piece of paper and write rule number 1 ten times.

and for the love of humanity,...take your 50k and go order me a pint of guiness.

PSY

Last edited by psytrader : 17-07-2005 at 06:14.
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Old 17-07-2005, 12:01   #10
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Re: Trading systems that cost $50,000

LOL...well, I guess if one was curious and wanted to just see what in one of those comercial systems, you could always request a demo and then reverse engineer it.(very easy to do with a little skill) I am constantly amazed at how many $5000 systems are a simple macd cross or a moving average with an opening range breakout.
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Old 20-07-2005, 01:14   #11
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Re: Trading systems that cost $50,000

Quote:
Originally Posted by psytrader




System

Put an 89 and a 144 closing simple moving average on a 5 minute chart and stare at it real hard.

Get it yet?......No?,......Thats ok,.....it took me 8 months to get it.

(It took me 8 months because I started at the WRONG end of the fibonacci number list above,..kinda like you did when you read it just now)

This system has 3 rules.

Rules


1. Bulls live above the 144 sma,...Bears live below the 144 sma.

2. 89 sma price barrier confirms continuation of trend, 89 sma price penetration "suggests" reversal of trend. (when in doubt,...get a sheet of paper and write rule number 1 ten times for doubting yourself)

3. DO NOT,... ON PAIN OF DEATH,...break rule number 1


PSY
Thank you for sharing, simple but brilliant.

Really a good example of sufficiency of only MAs. It is well known quite long. But many traders cannot understand utility of MAs
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Old 20-07-2005, 02:14   #12
untari
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Re: Trading systems that cost $50,000

Quote:
Originally Posted by psytrader

But first I would like to answer a few of the inevitable questions that I will undoubtedly recieve for sharing my method.

Yes,this is what I use. (18 months in 4X, 10 months on this system, zero regrets)

Yes, I came up with it,...heres how,...

fibonacci numbers are: 1,1,2,3,5,8,13,21,34,55,89,144

Why only 2 moving averages?
That was my number when I played water polo in college.

Yes, it is free.

No, I will not let you pry through my private info to "prove" it.

If you can't trade this system profitably,...then go to bed. Youre going to need to be rested for that "job" you have so that you can afford to be swindled out of $50,000.



System

Put an 89 and a 144 closing simple moving average on a 5 minute chart and stare at it real hard.

Get it yet?......No?,......Thats ok,.....it took me 8 months to get it.

(It took me 8 months because I started at the WRONG end of the fibonacci number list above,..kinda like you did when you read it just now)

This system has 3 rules.

Rules


1. Bulls live above the 144 sma,...Bears live below the 144 sma.

2. 89 sma price barrier confirms continuation of trend, 89 sma price penetration "suggests" reversal of trend. (when in doubt,...get a sheet of paper and write rule number 1 ten times for doubting yourself)

3. DO NOT,... ON PAIN OF DEATH,...break rule number 1


In order to put yourself in the right frame of mind to begin trading this system please take out a piece of paper and write rule number 1 ten times.

and for the love of humanity,...take your 50k and go order me a pint of guiness.

PSY

hi psytrader

can u explain, when should i buy or sell , i'm still confuse about this

btw thanks for sharing
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Old 20-07-2005, 02:48   #13
psytrader
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Re: Trading systems that cost $50,000

Quote:
Originally Posted by untari
hi psytrader

can u explain, when should i buy or sell , i'm still confuse about this

btw thanks for sharing

Please write rule number one 10 times

PSY
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Old 20-07-2005, 03:16   #14
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Re: Trading systems that cost $50,000

Quote:
Originally Posted by psytrader
Please write rule number one 10 times

PSY


Yes, the first rule says all you need. Just read it and try to comprehend
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Old 20-07-2005, 03:31   #15
untari
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Re: Trading systems that cost $50,000

Quote:
Originally Posted by psytrader
Please write rule number one 10 times

PSY

I already did that

i'm really intrested about your method, but still i cant understand it , especially about this one :

Quote:
Put an 89 and a 144 closing simple moving average on a 5 minute chart and stare at it real hard.

Get it yet?......No?,......Thats ok,.....it took me 8 months to get it.

(It took me 8 months because I started at the WRONG end of the fibonacci number list above,..kinda like you did when you read it just now)

i already stare the chart but i still cant understand
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Old 20-07-2005, 03:40   #16
psytrader
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Re: Trading systems that cost $50,000

Quote:
Originally Posted by untari
I already did that

i'm really intrested about your method, but still i cant understand it , especially about this one :



i already stare the chart but i still cant understand

When I said "bulls" I meant "buy" or "long"

When I said "above" the 144,...I meant "above" the 144 simple moving average

When I said "bears" I meant "sell" or "short"

I honestly do not mean to be rude,...but I think we may have a language barrier.

Es engles tu primera lingua?

PSY
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