Search results

I get what you guys are saying, I know there is no "real confirmation"and what may work today won't work tomorrow. I just wanted to get some discussion going on the topic, which it did, thanks.

Thank you. I've been using various % of the 14 day ATR (actual number very similar to 10), and 50% does seem to work well.

Assuming breakouts at key levels are valid (let's not debate if they are or not) ie: support, resis, pivot, MA, ETC. What are some thoughts on the fraction or multiple of the ATR that the underlying has to exceed the level to confirm the breakout ? I thought I saw a post on ACD method where...

Maybe I'm not good enough, but I get nothing from the open. I need things to settle out a little, especially since I usually am using ATM options as my vehicle. Most of my entry decisions are based on projected close.

I've noticed though most of your posts that you fancy yourself a contrarian when it comes to trading with out many specifics, while pretty much knocking others. Would you mind posting some of your OPEN trades so we can all play along ?

@SimpleMeLike I believe the point people are making and you seem to be missing is that trading, manually or automated is a DYNAMIC process. There is no easy, turn it on and let it run and go to the beach. If it were the quants and algo traders at Renisonce, ARQ, you name it shop would be at...

I'm not going to give specifics but , At the branch and regional levels at broker dealers there has been waves of mandatory compliance training and documenting regarding dol. But, my main pt stands, the small investor is not being helped at the end of the day. All my comments have been in ref...

@Sig I get your overall theme, but your last line is the forest and trees I mentioned. A very high percentage of retirement accounts are in some type of a managed structure. These accounts already have the advisor as an fiducuriary. It is the smaller accounts that are not, the burden of the...

@Sig I have to disagree with you on the no burden, no paperwork. There is plenty. Don't think we want to discuss the nuts and bolts, but as the regulation stands it is a shinning example of missing the forest for the trees.

@Sig The potential problem (and I'm saying it neccassarily out weights parts of the DOL) is when the compliance cost/headaches or just the reduced profitability hit a point that advising the mom and pop accounts are just not worth it. Net result is that those who need the advise most will...

With gold continuing its decline, glad I took the loss when I did..... Re-enforces my belief that "the first loss is always the best one to take".

also..in reviewing trade, I should have sold it yesterday, at the close when it was closing back below 23. The reason for buying it (break above 23) was null and void, should have exited then.

stopped out this morning on my GLD calls. Still long TLT puts, looking ok. In hindsight (isn't that a beautiful concept), while I went long GLD on a 23 break, the Comey thing may have been too much of a binary overlay, which I usually try to avoid. lessons reinforced.

"....effects of the other variables". How does the programmer identify ALL the other variables ? back to the "you don't know what you don't know" issue. After the program has been run, potential edge determined, strategy decided aren't you still at the mercy that the original variable and...

Thanks again, last question..yes, undergrad stat was awhile ago.. where in this programming process is it determined that there is a causation (that an action/trade could be initiated) between 2 of the entities and not just a correlation ( they move together but one is not causing the other to...

Thank you for the in depth answer. Follow up question (may be ignorant as well)...how does a program account for the unknown. You are inputting the data you have available but obviously not the data you don't have ( ie:"You don't know what you don't know"). What if it is this unknown data set...

Hope your signals are right, thanks. Will post when I exit the trade.

Have you ever seen documented/audited returns of 200-400% annum with a significant balence for any multi yr period ? I don't think I have.

@Maverick74 @redbaron1981 or anyone else. Forgive my ignorance on the programing aspect of trading. So after you have whatever outcome your program produces from your data inputs,is that a stand alone solution ? Or is that just one factor in an investment/ trade decision ? For ex: how...

near the close... went long ATM calls on GLD on strength through 123 ....went long ATM puts on TLT fading the bond rally, tight mental stops on both.