Search results

Okay thanks... I understand the philosophy. There must be some real talent at work here to know when to average up in the S&P. I know if I bought 3 at the entry signal, added 2 later and moved the stop on 5 to BE, and then added another 1 and moved the stop to protect the average of 6, I'd...

Not sure I am grasping this either... Averaging up = adding to Po Banking Profit = subtracting from Po

Not doubting your word on anything you have said.... I do though wonder about the concept that one can average up in a mean reverting market like the SP. Every strategy test I have ever ran indicates the tendency since the inception of SP futures that they are mean reverting. To oversimplify...

Guru... could you expand on that "center out" thought please... maybe I am not that bright to be captivated by a thought I don't understand :)!

There should not be too much dispute that analogs or fractals of the past play out in the future. They are evident all the time, often on the same market chart using different time frames. The greatest "proof" of this would involve 1987. Paul Tudor Jones used an analog of 1929 to be properly...

Though it may be semantics I agree 100% with Anek... the market beats you by looking or behaving in a way that makes you want to do the exact opposite of what you usually should be doing. If you don't have a 100% mechanical rule based strategy then instead thinking "should I buy" or "should...

Trading is the exact antithesis of human nature.

Have you tried mechanical strategy? It will take time but if you have a decent mechanical rule based strategy it will keep you afloat despite yourself until you really learn to trade it.

Thats a great explanatory chart --thanks. If your in a raging directional trend and one of your exits is a trailing stop, or stop and reverse with certain conditions, then a random entry will suffice. Even then though, I would think it would be better still with an entry based on an edge. I...

For your purposes in would be sufficient for testing your idea to just ask your software to buy on the even number times frames and sell on the odd number time frames. For example on a 60 minute chart you would buy 2 o'clock 4 o'clock etc. Then after that test change all the buys to sells and...

You make a salient point that markets have their own personalities. On the exit hypothesis has anyone gotten a random entry 100% mechanical rule based strategy to work? The whole concept of an "edge" is trading on YOUR terms. I find it difficult to conceive creating an edge when you start...

Trade Navigator

==================== Don't be coy Roy.... could this be your plan Stan.... what you perhaps do is wait for your indicator to show there may have been a swing reversal.... wait for a retracement test .... enter on some candle pattern that shows retracement held.... exit on measured move...

Thx for reply austinp.... your reply leads me to ask what time frame chart you trade as measured moves and retracements do take some time if your doing them intraday. Thx.

austinp it would be informative to know what educational materials you have found useful in your career? how much of your trading is mechanical rule based and how much discretionary?

I won't be there for 7:30 pm unless I can get someone to take my son home from hockey. But I'd like to be there, so tentatively count me as 11. What time do you usually go to?

Holy Grail says: "That makes absolutely no sense whatsoever. Of course it can be profitable and taking profits early does not take away from the strategy. If you were risking 10 points to make one then that would be another story, but to have a good entry with three contracts and taking out 1...

At 60% accuracy with 1.5 stops your a net loser of commisions on the strategy. The more you trade the more you lose. At 1 point stops you make 2 points gross every 10 trades or $50 net after costs. Is that what your after? If there is a truly an edge in the entry it is a poor exit strategy.

Always scaling out starting at +1 is probably a losing proposition. No matter how many contracts one has 3 pre defined exit strategies equals 3 distinct strategies. Each strategy must first stand on its own to contribute to the whole. Personally I don't think one can create a winning strategy...

^^^^ That sounds like a fair point. BOTH those who take to promoting a service and those who feel qualified to vilify it should show their credentials. That way everyone else has a chance to sort out the winner of an otherwise useless pissing contest.