Search results

Hey def, is automatic stop placement for every open position initiated something that could be a future option at IB?

Anyone put on a long NQ, short ES spread for the action so far today? What would the correct ratio be?

Great posts guys, thanks for all the input. I once wrote half-jokingly on the top of my 'rules to trade by' list that trading was the business of taking losses. I've come a long way since then in most aspects of my trading, but this is still the one overarching rule that needs to be dealt...

Start with logic/common sense; you're after profits, how do you profit? Buying lower than you later sell or vice versa. Which indicators to use? Well, can you buy and sell and indicator reading? Not really. Most indicators are lagging and cannot beat consistently monitoring price levels and...

Hehe, thanks Dr. Kevorkian, didn't know you traded :D

How many of you out there who have been trading for some time, have some kind of edge they know they can exploit day in, day out, which makes them generally or even extraordinarily profitable, and have confidence that they can continue earning profits almost each and every day -- how many of you...

Yeah that would make more sense, I just assumed swing trading meant buying support and selling resistance.

Is there any edge to be had for those trading globex contracts in JPY, EUR, being a few times removed from the center of the action (Interbank, CME pit)? Would like know if anyone here regularly trades these contracts and what time frames they trade on. Given the round the clock action and...

*giggle* :p :p :p

Never used P&F charts, but I would think that removing the time element in swing trading would be a big mistake. If you bought a stock expecting a bounce at support, and it just trades sideways for a few periods right at that level, wouldn't you want to see that on the chart? I suppose if...

I think you misread my last post -- my tone wasn't incredulous. That's exactly what would be most helpful if everyone gave their own insights on how applying certain elements of this system to their own trading turned out -- it would be lots more helpful than just saying "whatever works"...

I've said it a few times, the discussion doesn't necessarily involve Quah since the profits are his end point and he is the only one that can trade exactly like he does -- for the rest of us, it's the discussion on how the system helps our own trading which is worth any while. In his first...

Tampa, I don't ever recall criticizing quah's system for having losses, my example of a tripled up trade getting stopped out twice was just getting him to anticipate that possibility, and perhaps address that issue before it happens. Any system could use a bit of foresight that would catch any...

Cool, would be interested to see how that plays out in your thinking about the system, much more than whatever profits that might come as a result. :)

Reminds me of the following part in New Market Wizards, quoting William Eckhardt: "The market does behave very much like a tutor who is trying to instill poor trading techniques. . . Since most small to moderate profits tend to vanish, the market teaches you to cash them in before they get...

You don't think there's a high probability that the ES trades 1 pt in one direction, then turns around and trades 1.25 pts in the opposite direction after the first 8 minutes (and thereby triggering both stops)? I don't think any indicator is specific enough to make that a low probability of...

Well if you start from the point that your system is most effective during the most volatile and liquid periods of the day, why not try an afternoon session with a reverse fibo series into the close -- ie. entering trades at 3:55, 3:53, 3:50 etc, and scuttling the relatively few entries near...

Yeah, I find myself doing that alot as well -- missing some big move I anticipated and then countertrading against that move subconciously hoping that it will reverse and prove my first intentions wrong -- friggin ego. :D re: scaling out, I figured that was the sensible thing to do when...

Ok, the 90% that try to learn and build on their own experience wash out, while the truly skilled 10% just learn to take another's system without question and prosper? I guess those thousands of people who ran to the bookstore and bought their "How to Trade Like a Market Wizard" books are the...

Wanted to throw this out before bed and wake up to glean the wisdom of all ye west coasters and beyond :). I find giving back open profits to be one of the most mentally destabilizing factors during the trading day, so in effect I'd rather lock in 5pts before I get a good chance of a 3pt...