Search results

Hi Macro, It is wonderful to see someone using an unconventional method successfully - especially on these boards. This technique itself has been around for a while though. The following was written more than a hundred years ago (around 1895) by Charles Dow (founder, Wall Street Journal)...

Tango, No one has responded to my query about this so far. So, I have just made a slight adaptation to this part that gives exactly identical results. I am using, if time >= 1615 then begin sell this bar at the close; buy to cover this bar at the close; end; I am new at using...

Ditto. Either my setups are readily apparent at a glance or not at all. If I am trying to 'think' about it, most of the time that is an indication that my mind is getting ready to get me into something that is not a part of my trading plan (either I am bored or otherwise agitated)...

I am using TS 8.1 and it somehow does not seem to recognize "barstoclose". Would anyone know the equivalent term for this in TS 8.1. Thanks in advance for any help.

Agreed. On these days, the setups are clear enough for just about anybody to make money. What distinguishes the winners from the rest of the crowd is their ability to keep themselves in check on the other 16 days of each month.

Yes, stops are absolutely essential to bring you back to reality to reassess the market. Agree that stops are arbitrary. In my experience, the more 'logical' they are, the more likely they are to be hit - possibly because of a large number of people reaching the same 'logical' conclusion...

Generally speaking, I would have to agree with you. When I started trading the ES in 1998, I lost a lot of money by not using any stops at all. However, I noticed that even that amount was less than what I lost by using 2 pt ($100) stops. Now, when I day and position trade the ES I generally...

Hi Icarus, You have typed a comment on the chart that monitoring display is missing a major market variable. Are you referring to volume or something else? Thanks. Happy trading.:)

Yes, quite true.:D Since most of us judge the market by the way it 'looks', maybe there is something about its looks that wrong-foots us so much. That is where a well-developed system comes in handy. It takes pressure off of you to have to 'look' at the market after each and every bar...

Here is the TS Performance Report Equity Curve for this method.

Hi folks, I have been a discretionary trader of Index Futures for many years. Now, I am trying to automate some parts of my trading (using TradeStation 8.1). The entries were very simple to take care of. I am having trouble with automating my (Winner) exits with a level of efficiency that...

Nicely said. In fact, they do more than that. They actually use their activity to provide the more popular visual cues in smaller timeframes (LL & LH or a cross of MA's on 2 min chart) to wrong-foot the suckers. This provides them not only with enhanced liquidity for their positions but...

"IT WAS the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had...

WWI, actually. JL died before the end of WWII. Agree with your post. Also, it was supposedly common knowledge among his friends that JL suffered from bouts of severe depression - even in 1929 when he had everything going for him.

Same here. This is probably a broker-specific problem.

I am not familiar with the Timing Cube but I can vouch for the last part of your statement - long-term IS the way to go. I have been an investor with Mr. Buffett in Berkshire Hathaway for nearly two decades and I am not ready to sell yet. I had inherited some money and I got in at a price...

LOL. Generally, the biggest threat to the account is the TRADER himself.:D :D

That 204 above is in cents- NOT dollars. 204 cents x 5000 bushels = $ 10,200 Happy Trading.

Its probably because the mini contract is traded electronically while the large contract is pit-traded. This is also true for Wheat. The spreads are much larger in the mini contracts and make them impractical for short-term trading. I would recommend trading the larger contract through a...