Search results

Here's the Friday trade. Profit +3.25pts. Risk 2.0 pts. Reward:risk ratio 1.6

It probably took me 3 or 4 months of watching the market to come up with the original basic idea. It's a continuous evolutionary process. One of the reasons why I don't mind sharing what I'm doing. If the market changes, I'll sense it and change with it. I've been trading divergences in the...

Here's Thursday's trade: Profit +9.50 Risk 2.25 pts. Reward:risk ratio 4.2

Here's the changes: 1). No longer uses SP for analysis. Everything is now off of ES data. 2). Replaced using Chaikin Oscillator with CCI Average with standard inputs. 3). Replaced the exit on touch of opposite Keltner with use of a .015 Parabolic stop. 4). Don't trade anymore on any day...

I've made a few changes to the basic method and I was thinking of starting a new journal. The old one was a lot of work. If there weren't many using the material I don't think I want to invest my time on another one.

Trading fulltime. I listen to music and play for a few friends, but no longer for a living.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=20761&perpage=6&pagenumber=1 Curious to know if anyone has been using the method I posted in this journal. Still works fine for me.

Here's the TS2000i code if anyone wants to play with it or backtest it. You need 5 min. bars for it to work right. I think the code accurately captures about 1/2 the trades.

I'm fine. Still trying to make this new method a complete system. I haven't posted anything because I'm still working on it. Still too much discretion. Here's today's trade.

I give up. I spent all day trying to get this done as a model and made no progress. I'm going to suspend posting to this journal until either I can simplify it or I can define some rules that accurately reflect what this method does. Be back when I have something worth posting.

Missed the entry this morning because I was working hard on trying to make this method into a system. As usual, doing research during trading makes me feel like a moron. They say a picture is worth a 1,000 words. Well, here's the picture with my method applied as a system (so far) for this...

Had a small problem yesterday. I knocked a bookshelf off and broke my DSL splitter. It's now fixed so let's see if I can make some money today. Looks like a possible breakout to the upside today. ADX is below 20 and CCI is -66 on the 30 min. chart. Should see a early test of yesterday's high...

Not expecting much of anything for today. I'll be looking for a early test of yesterday's high and a shorting opportunity. RSI on 30 min. is above 60 and ADX is above 27 so I think very limited moves to the upside and small trading range for the day. Might not be even worth trading today.

I stopped using the old methods because the frequency of trades was too low and the profit potential in this lower range market was too small to make a living without trading lots of contracts. I also wasn't comfortable trading more contracts with very tight stops. I didn't realize how soft...

In this method I use the ADX to help identify where the market is in relation to a trend. I got the 25 number from a professional breakout trader. He indicated that the market tended to stall in the SP market when the 30 min. ADX rose above 25. He uses it to help time his exits. I use it to just...

Thanks for your concern. Yesterday I tried to do too much. One thing I do well is adapt to mistakes that I make. Today wasn't bad. By minimizing the browser when trading I wasn't too distracted. I've still got some work to do to not micro manage trades when I'm posting the reults to the forum...

Trades since 1/20/04 # Win 1 # Loss 1 Total of winners +3.50 Total of losers -2.50

Pretty pitiful trading today. I was more focused by not posting but still didn't make much. The market came down as I had hoped and yesterday's low was successfully tested (point 1). A positive divergence had formed and the CCI on screen 3 was below -100 so it looked good. I had a buy stop in...

Sorry I just needed to test this formatting and couldn't find another thread to try it in.