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  1. M

    Should I not become a trader?

    If you are prepared to work nights and Pms so you can sit infront of your screen for six months watching all the free trials that provide a platform and charting and data. Then another six months sitting in front of your screens paying for esignal trying every indicator and moving average under...
  2. M

    Equity curve account/trade management

    How common is it for traders to manage their account activity with a moving average of the equity curve of trade set ups and account balances. Say the system calls for moving from live trading to sim mode when the 10 day moving average of your equity curve moves below tolerance and back into...
  3. M

    Why do traders fail: some random thoughts

    I think there are several reasons why traders fail. 1. Trading is a one man business which means we have to be %100 responsable for outcomes as well as record keeping, money management, hardware aquisition and maintenece, position sizing and moneymanagement, risk management, account...
  4. M

    Final paper trade testing of Woodies CCI club

    Thats a good question because many of the set ups do not present themselves frequently, like the famir and gb100. My medium term goal is to have the full data set from the 20 day live forward testing on the three markets to work with.
  5. M

    Final paper trade testing of Woodies CCI club

    Recap; used trade entry checklist and avoided one entry mistake. Checklist works. May have to reexamine timing trades out. I missed two runners in last two days (#4 trade on ER today) by arbitrarily assuming that a certain time span exceeded means a trade is not working. Other wise the method to...
  6. M

    Final paper trade testing of Woodies CCI club

    2 NQ Trades taken = 43 points
  7. M

    Final paper trade testing of Woodies CCI club

    2 ER trades taken +42
  8. M

    Final paper trade testing of Woodies CCI club

    one YM paper trade taken today + 10 scratch $ 40.00 net
  9. M

    Final paper trade testing of Woodies CCI club

    Well Boib that is what i aim to do. thank you for your kind words.
  10. M

    are markets truly random?

    Ask George Soros then ask a Phd. mathematician making 30k a year.
  11. M

    Final paper trade testing of Woodies CCI club

    First i would like to thank you for replying to my efforts to test the Woodies CCI system. Second i would like to address the limitations and folly of representing opinions as fact in this forum. My aim is to fully test the CCI system for one month on live data and market order entry on 3...
  12. M

    Final paper trade testing of Woodies CCI club

    My main goal in this is to find one of the indexes to be best with the CCI system. Strict record keeping on all trades all trade entry with a separate equity curve in each index with a cumulative equity curve for each index encompassing all trades taken in that Index. Which ever index is the...
  13. M

    Final paper trade testing of Woodies CCI club

    That YouTube vid is good for general market commentary it is too much of the discretionary style that wont work for me at this time. I do appreciate the concept of a large range 5 min bar move and the price action after giving a heads up as to weather a continuation will occur. Those high and...
  14. M

    Final paper trade testing of Woodies CCI club

    This system meshes well with my personality and what i believe is necessary for a good trading system.First; Documentable entry and exits as well as tools to facilitate proper statistical analysis of results. Second; Also i believe that a trend following system is the only way which is what CCI...
  15. M

    Final paper trade testing of Woodies CCI club

    First ZLR trade of day +10 and scratch got a second one on the same contract1/2 hour laterwith =10 and scratch.
  16. M

    Final paper trade testing of Woodies CCI club

    More on the stop placement . the CCI system uses range bars rather than tick or time. So Ym trades on a 25 point range bar and the er and russel trade on 16 point range bar. Points being the smallest price increment. six trades four were according to system stopped out on a YM trade. Sixth...
  17. M

    Final paper trade testing of Woodies CCI club

    The 26 point stop is a panic stop. For instance I took the YM ghost trade and never got back to my entry so using my considerable experience being in the hope mode I cut loose the trade at -6 after suffering for five minutes or so. I am still getting used to the large stop. The testying will...
  18. M

    Final paper trade testing of Woodies CCI club

    Made a mistake. I should only be trading 4 cars on my rogue system that has a first target of +5 on half and then +10 on a quarter and open target on a quarter. On the woodie 25 tick YM range bar system with 26 point stop I should only be trading 2 cars.
  19. M

    Final paper trade testing of Woodies CCI club

    Paper trading net 110.00 after commissions. I missed some great opportunities becuse I was distracted by this journal so From now on I will postn all my trades at the end of the day with a recap. A great beginning for me. God Bless. The glass is half full. If someone is getting under your...
  20. M

    Final paper trade testing of Woodies CCI club

    Stopped out of last trade YM Ghost. I do not like countertrend trades but am taking them all for research. Long 4 cars YM 13502 exit on discretionary stop YM 13496 -24 points= $120.00
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