Search results

The one being discussed here is a discretionary system so it is manually tested. I don't know enough about programming but I would imagine that it would be quite possible for a decent programmer to create the same rules. You would have to spend enough time studying the system in order to...

I'm not sure how a market could be fractal in the true sense because there is always that pesky minimum tick size. Just this noob's opinion.

I won't speak for KP but it is working well for me is sim and in replays. This is all I'm prepared for but soon enough I will start trading 1 contract. This should be small enough that I won't worry about it but who knows? So first it made sense in the explanation, then I back tested it...

When dealing with psychology there are few fixes to be found in a book. A fortune cookie is just as likely to inspire change as anything else. Few will be compelled to change because of a rational argument when their ego is at stake. This is why most successful traders (or poker players) have...

I like inspirational quotes. I started reading "A Strategy for Daily Living" (Kiev) which I recommend to anyone looking to work on their mental game. Lots of good quotes so far (I'm on page 6 so I might pull the rec. later :)). My favorite: "Whatever you can do or dream you can, begin it...

Yeah - this whole concept (of starting from the mean and working "backwards") makes a lot more sense as I wrap my head around AMT. Hopefully AMT + SLA = ATM. Thanks for all your help. I'm glad that my misunderstandings are leading to more big picture clarity rather than less. Also - not...

Unconfused - thanks. So here is a review of where we are again. Buyers we able to return price back into the major trend channel on the weekly. They were able to also push price back above 3638 which was a significant S/R level. The downtrend channel on the hourly is still fully...

I guess (what's new) I'm still confused. We start with the channel I posted below formed by choosing the lowest low between our two highs. (I think I got this right). On the 14th we fall out of this channel, on the 17th we make a new swing low. If we want to use this as our new swing low...

Glad I could help.

See above comments on poker. I've basically learned a ton about poker from some of the biggest blowup artists. I learned to separate their actions from what they taught me. Its just not uncommon in poker and I imagine its true in trading. If its important to you - I get it - its just not...

I think they are using it because of this chart...

I haven't just gotten into this stuff although I do consider myself a beginner. I've read most of the books, tried a lot of the methods etc. so for me this is a return to the basics. I'm trying to stay with the idea that I don't have everything figured out. I completely agree with you that...

Hi Trip, I haven't seen your journal before and read the first post or two. Is this different than SLA or is the section 7 title now misleading?

Made it more obvious...

There is no need for barbs. We clearly differ in opinion. I don't need DBP to provide any evidence of his success. I have been sim trading and back testing the method and have found it works and is adaptable. Its a process and I am just starting but even if I waste a few weeks testing the...

I'm not sure what indication I've given that I care about anything besides the methodology. I've stated several times that I don't care what DBP's motivations are, whether he is broke or even trades. I am purely evaluating the methodology which is all I can do. You are studying math and (I...

He sells a $30 book. So you think DBP is sitting around handing out free pdfs which details his approach to the market but his real ambition is to sell a $30 e-book which he doesn't mention? As far as misleading starting traders - what does he mislead them into believing - that they need a...

What you posted above is not a CSV file. There are no tables in CSVs. After you open excel you can import a CSV file. It will give you options as to where you want a new cell to start. With CSVs you usually only have to choose to use the comma to separate out the data. Without a sample file...

Its funny you mention this. My early interactions with DBP were him slamming my previous approach to the market. He didn't pull any punches. It hurt my ego. I like to meditate and when I bump into something that hurts I've learned to look more deeply at it. It turns out in my case he was...

I've been working on this too. If you look at the move off the open - the 9:33 bar is he last one with a strong close. The next bar makes 1 tick progress and the next gets hit by some selling. A stop below the 9:33 bar would never had been hit. Obviously this isn't a perfect solution but it...