Kindly let me know what is wrong in the chart, so that i can correct and come out with correct report.
If this is a complete rule based system , why it should not work automatically
If this is a discretionary method, then i have already told that Moving averages can be used discretionarily, my point was that mechanically it doesnt work thats all.
Everybody blaming on moneymangement and risk management for a losing strategy.
Monymangement is indeed very important but it has become an overheated issue people dont even look for a logic in their strategy and if they lose they start blaming on money management and psychology.
All i can say "Numbers Dont Lie" if you find mistakes in trades tell me i will correct it and still am confident that i can prove that overall its a losing system,if at all it is a system.
PS:The idea behind this method is not bad,with some modifications and traded discretionarily it should work.But mechanically it doesnt.
If this is a complete rule based system , why it should not work automatically
If this is a discretionary method, then i have already told that Moving averages can be used discretionarily, my point was that mechanically it doesnt work thats all.
Everybody blaming on moneymangement and risk management for a losing strategy.
Monymangement is indeed very important but it has become an overheated issue people dont even look for a logic in their strategy and if they lose they start blaming on money management and psychology.
All i can say "Numbers Dont Lie" if you find mistakes in trades tell me i will correct it and still am confident that i can prove that overall its a losing system,if at all it is a system.
PS:The idea behind this method is not bad,with some modifications and traded discretionarily it should work.But mechanically it doesnt.
Dear Raj the Royal,
Your sheer ignorance makes me laugh again.
You seem to be a fan on Lincoln .. so let me remind you of one more of his saying ' It is better to remain silent and be thought a fool than to open one's mouth and remove all doubt.' .. and you just opened your mouth by pasting that chart.
Please do not make fancy statement about blowing up your capital etc unless you understand the system properly. (In any case even your incomplete interpretation shows $1,00,000 going upto $2,00,000 within 6 months as per your equity graph... thats definitely not blowing up capital..)
If you were really sincere in your attitude and had an open mind, I would have spend next 2 hours in explaining the correct entry, exit and book profit levels for last 6 months along with charts to show you the return is not 22% but more than 300% per annum.
But as your destiny has it, I am not bothered about wasting my time for you.
This is my last response to you and your 'Know it all' attitude. If you are not comfortable with using 315 or any EMAs ... please pardon me by not putting your priveleged comments here anymore.
I would not respond to your next comments hereon even if you try and make them provocative.
SH