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Well, that's a good number, but he can be right 62% of the time and still be losing money...

A friend of mine knows Charleston a bit and he says that it's one of his favorite cities in this country, after perhaps SF. Much underrrated.

Woodie, in my opinion, is a good guy. He shared his ideas with others and he should be applauded for that. You may not like his cult status and I certainly don't, but it is his followers who created it, so why blame him for this? Having said that, if you want to be really good at CCI or...

Attachement::

I promised you a conclusion to this journal and so here it is eventually. Everything I promised to deliver and wanted to show you is in the zipped folder. You will find in there the following items: 1) the spreadsheet with the list of trades for 2005 2) the continuation of this journal in a...

Thanks to everybody for your good wishes. Thanks for PMs too, I will respond to them soon. I have not been to this site for months. I was supposed to update this journal sooner, but again it's really hard to plan things after something like that... In any case, I am doing it now. I also...

I am back... I was in a car accident. I did survive, but a friend of mine did not. I know that I was supposed to update this journal in October and even though I am physically pretty much fine, I am still a mental wreck, so I will return to this journal when the year is over. Thanks for...

Well, the system does not expect the markets to go in the same direction all the day, but as you see that's what the market did today anyway, even if in a zigzag like manner, which is what killed the trade today. It is really always easier to judge things in hindsight and indeed I was aware of...

Very good point, thanks for bringing this up. The system takes two trades a day at most and this breakout should have been taken. The reason it was not is very mundane: I simply missed it. I did not notice it! I don't remember what I was really doing at that time... I had taken 2 trades before...

#6 PL=-2 pts Total PL=2-3.5+2-3.5-2 I guess I should be frustrated, but actually I am not. This is a good learning opportunity. The last 3 losses taught me more about the system and how to improve it than any other previous trades, so I am actually glad that what happened took place...

#5 Entry missed PL= 0 Total PL=2-3.5+2-3.5 I placed the entry with a limit order. The conditions for the entry were fine, although the strength of the momentum was not great. Because of this I was hoping that I would be able to use a limit order. Well, this is not what happened. The order...

More about this strategy... I mentioned that there are two kinds of poor entries in this system. This is because the system uses two major criteria to generate entries. One is the criterion of strong trend and the other is the criterion of strong breakout/momentum. It just happened that when...

Magna, thanks for keeping this journal clean. I appreciate that.

You do not trade futures and yet you feel compelled to post in this thread dedicated to trading the most popular electronically traded futures instrument in the US with an obvious intent to advertise C2. Sorry pal, but I have to request that your posts in this thread be removed by the moderator...

Thanks for your comments... Sometimes it's simply bad luck. Had I placed the last entry only two ticks higher the loss would have been 8 ticks lower. I have not tried turning it off for any particular reason yet... Might take a look at it... You are close in your characterization of my...

No stochastics, no oscillators...

Yes...

#4 PL=-3.5 pts Total PL=2-3.5+2-3.5 pts There are two kinds of poor entries in this system. This one was different than the first poor entry that led to a similar outcome. I was aware of it but I took the trade because a poor entry does not have to result in a losing trade and it...

Who the heck forced you to this in the first place? Stick to your hypothetical trades.

#3 PL=2 pts Total PL=2-3.5+2 pts Knowing that this trade could potentially do a lot of damage to the bottom line as the entry position was rather far away from the place where the stop could have been adjusted I took no chances of giving this bastard, Mr. Market, the satisfaction of adding...