you know, whatever his recent track record, marco is a serious
guy, he does not hype his system or promote it or make any false
claims about it, he's open about results. He's not trying to
talk anyone into trading it. He doesn't even charge for
it. It's stupid to be laughing at him.
Posted by marketguy on 11th of Oct 2011 at 02:56 pm
dude....have some bran flakes....just saying that because he's
been back and forth so many times the last few weeks I'm having a
hard time grasping his system....
I just started using his system. But his system is made to catch
the big trends in the market. It'll go long when the market is
overbought already or short when it's already oversold. Think of it
as like buying breakouts or shorting breakdowns. For this reason,
it'll have its share of false breaks. In this way, it takes a
different approach as the SPY System.
The reason why its had so many whipsaws is because the
successful approach the last couple months was to short resistance,
and buy support. Marco's system doesn't use this approach, and thus
has been whipsawed. When the market starts trending again, then
that next trade will be a winner.
As far as this upcoming trade, if the market bounces for a month
or two, then this will be a winner. Otherwise, it may be another
whipsaw.
I'm having trouble getting an answer from him on something that
concerns me. He told me he uses the closing price of the signal day
as the number for the long term record. If you put in a limit order
at that price and get filled the next day that's legit BUT what if
as happened yesterday the limit price is never reached? If a trader
can't get the price that throws his whole (otherwise appealing)
track record into question for me. Anyone know more about this.
I've written him but haven't gotten a response.
Yes, would like to hear more from someone who's used his system
longer. I always thought using the closing price of the signal day
was only for entries. As far as exits, my plan is to get out at the
next day's open if I receive an email alert after the after-hours
session is over.
I prefer to enter/exit at the closing price of the signal day.
But I can only do this if I get the email alert before 8:00 PM/EST
(Close of the after-hours session).
Posted by steve101 on 11th of Oct 2011 at 03:56 pm
I've traded his system for a long time. I use 20 minute charts
to cycle into the call, the next day after the call triggers. It
works more often than not. So, if it's a long call I look for a dip
in the cycle as my entry. That is my plan for tomorrow. It's not
his responsibility to finesse the entry for us. Sometimes getting
in on the day of the call works better, but he has posted stats
showing cycling in the next day, works better.
What do you do on a gap up like today for Marco's system? Do you
wait for a pullback later this week or next week? Or did you enter
today even though it never got close to a better price than
yesterday's close? I'm sure in the past, there's been breakaway gap
ups and breakaway gap downs that run further and further away from
the closing price of the signal entry. If a trader takes Marco's
advice and waits to enter the next day, there's a risk of missing
the trade if this happens? This may be a tricky question to answer,
and may depend on each trader, but just wanted to hear your
opinion. Tia.
Posted by steve101 on 12th of Oct 2011 at 10:26 am
Hi Steve,
You want to know if the results on the long-short-timing.com
site are real.
Yes, I've traded the system for years. Basically, it has doubled
my money roughly every three years. So, I don't care if a few
trades lose money. I know it works. It's free. He doesn't have an
agenda. And I can't find anything else with reasonable drawdowns
that get this kind of performance. I feel safe with the bulk my
capital in it. And here, I take individual trades from Matt and
Steve. RIght now, ARO. That's it. That's all I do. Simple, but
effective.
Posted by parkridge77 on 12th of Oct 2011 at 10:36 am
Steve 101- curious--- how many "3" year cycles have you
been through with the site? Interesting this guy does it for
free? why I have to wonder? but always interested & thnx
for sharing info as possible strategy augment.
Thanks steve101 -- my question is whether his published track
record is based on numbers that a trader could really get or not.
If he puts out the signal a couple hours after the close and bases
the record on that price when no one could get it I have a problem
with knowing how much of his performance is "real."
Posted by steve101 on 11th of Oct 2011 at 04:05 pm
He posted a study on that a while ago. He uses the closing price
on the day of the call, just like the Decision Moose guy does. And
he showed that getting in the next days open (since 2003 if memory
serves), gets you in on average better than 1% over entering on the
day of the call. You can do better than that with the approach that
I use. I have..
lol....Marco going long now.....
Posted by marketguy on 11th of Oct 2011 at 02:47 pm
marco-long?
Posted by pdani on 11th of Oct 2011 at 02:59 pm
where do you get that?
email alert....
Posted by marketguy on 11th of Oct 2011 at 03:20 pm
email alert....
Marco's web site
Posted by sethbru on 11th of Oct 2011 at 03:09 pm
www.long-short-timing.com
marco
Posted by Michael on 11th of Oct 2011 at 02:53 pm
you know, whatever his recent track record, marco is a serious guy, he does not hype his system or promote it or make any false claims about it, he's open about results. He's not trying to talk anyone into trading it. He doesn't even charge for it. It's stupid to be laughing at him.
dude....have some bran flakes....just saying
Posted by marketguy on 11th of Oct 2011 at 02:56 pm
dude....have some bran flakes....just saying that because he's been back and forth so many times the last few weeks I'm having a hard time grasping his system....
I just started using his
Posted by cw12 on 11th of Oct 2011 at 03:08 pm
I just started using his system. But his system is made to catch the big trends in the market. It'll go long when the market is overbought already or short when it's already oversold. Think of it as like buying breakouts or shorting breakdowns. For this reason, it'll have its share of false breaks. In this way, it takes a different approach as the SPY System.
The reason why its had so many whipsaws is because the successful approach the last couple months was to short resistance, and buy support. Marco's system doesn't use this approach, and thus has been whipsawed. When the market starts trending again, then that next trade will be a winner.
As far as this upcoming trade, if the market bounces for a month or two, then this will be a winner. Otherwise, it may be another whipsaw.
Title: Marco question I'm having trouble
Posted by bkout3 on 11th of Oct 2011 at 03:37 pm
I'm having trouble getting an answer from him on something that concerns me. He told me he uses the closing price of the signal day as the number for the long term record. If you put in a limit order at that price and get filled the next day that's legit BUT what if as happened yesterday the limit price is never reached? If a trader can't get the price that throws his whole (otherwise appealing) track record into question for me. Anyone know more about this. I've written him but haven't gotten a response.
Yes, would like to hear
Posted by cw12 on 11th of Oct 2011 at 03:42 pm
Yes, would like to hear more from someone who's used his system longer. I always thought using the closing price of the signal day was only for entries. As far as exits, my plan is to get out at the next day's open if I receive an email alert after the after-hours session is over.
I prefer to enter/exit at the closing price of the signal day. But I can only do this if I get the email alert before 8:00 PM/EST (Close of the after-hours session).
Marco's system
Posted by steve101 on 11th of Oct 2011 at 03:56 pm
I've traded his system for a long time. I use 20 minute charts to cycle into the call, the next day after the call triggers. It works more often than not. So, if it's a long call I look for a dip in the cycle as my entry. That is my plan for tomorrow. It's not his responsibility to finesse the entry for us. Sometimes getting in on the day of the call works better, but he has posted stats showing cycling in the next day, works better.
Steve
Title: Steve101: Question about Marco's
Posted by cw12 on 12th of Oct 2011 at 12:48 pm
Steve,
What do you do on a gap up like today for Marco's system? Do you wait for a pullback later this week or next week? Or did you enter today even though it never got close to a better price than yesterday's close? I'm sure in the past, there's been breakaway gap ups and breakaway gap downs that run further and further away from the closing price of the signal entry. If a trader takes Marco's advice and waits to enter the next day, there's a risk of missing the trade if this happens? This may be a tricky question to answer, and may depend on each trader, but just wanted to hear your opinion. Tia.
Marco's System
Posted by saf10000 on 11th of Oct 2011 at 10:08 pm
Steve, you've traded Marco's System for a long time. Is the system viable? Does his numbers that he shows realy reflect his results? Thanks
Steve
Long short timing
Posted by steve101 on 12th of Oct 2011 at 10:26 am
Hi Steve,
You want to know if the results on the long-short-timing.com site are real.
Yes, I've traded the system for years. Basically, it has doubled my money roughly every three years. So, I don't care if a few trades lose money. I know it works. It's free. He doesn't have an agenda. And I can't find anything else with reasonable drawdowns that get this kind of performance. I feel safe with the bulk my capital in it. And here, I take individual trades from Matt and Steve. RIght now, ARO. That's it. That's all I do. Simple, but effective.
Best,
Steve
Long Short Timing
Posted by saf10000 on 12th of Oct 2011 at 12:34 pm
Steve, just wanted to say thanks for the reply. I also enjoy your site. Thanks for all the good work.
Steve
Steve 101- curious--- how many
Posted by parkridge77 on 12th of Oct 2011 at 10:36 am
Steve 101- curious--- how many "3" year cycles have you been through with the site? Interesting this guy does it for free? why I have to wonder? but always interested & thnx for sharing info as possible strategy augment.
It seems every other day
Posted by onefourdroopy on 11th of Oct 2011 at 10:41 pm
It seems every other day he is switching sides. Very tough market
Thanks steve101 -- my question
Posted by bkout3 on 11th of Oct 2011 at 04:01 pm
Thanks steve101 -- my question is whether his published track record is based on numbers that a trader could really get or not. If he puts out the signal a couple hours after the close and bases the record on that price when no one could get it I have a problem with knowing how much of his performance is "real."
He posted a study on that a while ago
Posted by steve101 on 11th of Oct 2011 at 04:05 pm
He posted a study on that a while ago. He uses the closing price on the day of the call, just like the Decision Moose guy does. And he showed that getting in the next days open (since 2003 if memory serves), gets you in on average better than 1% over entering on the day of the call. You can do better than that with the approach that I use. I have..
Marco
Posted by jaycrockett on 11th of Oct 2011 at 02:56 pm
I agree. And I for one could never laugh at anyone who is using a system that isn't working well in this crazy market.
Nice try, Marco! LoL
Posted by cruiser on 11th of Oct 2011 at 02:55 pm
Nice try, Marco! LoL
Marco comparing himself to John
Posted by cruiser on 11th of Oct 2011 at 02:50 pm
Marco comparing himself to John Paulson; nice - maybe they are BOTH billionaires.
HELP! JANE!! TURN THOSE MACHINES BACK ON!
Posted by zach06 on 11th of Oct 2011 at 02:48 pm