Recent content by The_Chartist

Good point... I guess one could have an edge, knowing they don't have one! :D

To me it depends on whether or not you have an edge. If you 'do' have an edge, it's not gambling. If you don't, it is. Just like the casino's in Vegas. They have a proven mathematical edge, so they're not gambling in my view. The players don't have an edge in most games ( the player can...

Seriously though, to answer your question. "Can money management give me an edge?" I agree with everyone that said, no. Take the game of roulette for example. In roulette, (American) the house (casino) has a 5.26% edge. You can use all the money management schemes you want, but in the...

I think Kenny Rogers said it best: You got to know when to hold em' Know when to fold em' Know when to walk away, and Know when to run...:D

That's probably not such a bad idea. Figure you buy a 100 at 15.25, another 100 if if it falls to 10, and another 100 if it falls to 5. Then if it goes bankrupt or something, you've only lost about $3,000. I've done worse...

Per request...

I don't really have set rules for profit taking. I know a lot of traders will tell you to try for a 2:1, or 3:1 reward risk ratio, but I've never really been able to do that. Really, it depends a lot on how I'm feeling that day. But, in honesty, I probably get out of my positions way too early...

Yeah, zero line crosses can help keep you out of those strong trends. Or, you could try something like this. Wait till you see a completed pattern. In other words, price has made a lower low or higher high, and MACD has made higher low or lower high. In other words, a clear...

My 5 min bars went back to Jan 5(max), and 60 min bars(max) to Oct 13. 30 min also went back to Oct 13, and 3 min went back to Jan 20. So, I guess it has something to do with the actual number of bars drawn, or a maximum number of days. (whichever comes first)

You get the last 30 days for intra-day,(no tick data tho, it has to be minute bars) and 10 years for daily bars. But, I don't know how accurate the data is. If you're serious about your backtesting, you'd probably want to get your historical data from an independent source. It accepts...

Sorry to make you go to all that trouble! Next time I post a chart, I'll be sure to mention the time frame. :D

No problem...hope the chart helps. It's a 133 tick chart of the ES emini. If your software doesn't draw tick charts, you could probably get a similiar chart with 1 or 2 minute bars. I'm using Ensign software.

I like to use 7,28,1...gives some pretty good signals sometimes.

Yeah, I've used it for several years. Even back when it was a DOS program. I like the back-testing function using alerts. It's pretty simple to figure out. I also like being able to share templates with other Ensign users. For example, here's an intraday scalping method I've been tinkering...

Here's a study that mignt be of interest to you. I don't have it, but's it's only $15. It appears they looked for "U" shaped patterns. Hee-Joon Ahn, and Yan-Leung Cheung