Search results

This era is phenomenal, like just before 2000 but much more extended. Gen X lived through three real estate booms, two tech booms, four major bubble busts if you include bitcoin and commodities, and now the beginning of "Modern Monetary Theory" (basically we won't end up like Zimbabwe or...

I start questioning my sanity at around 30%, but in a mechanical sense (since the OP is about a mechanical trading system) it is the DD that survives the monte carlo analysis and does not diminish the total profit at the end of the test period. But since real life is not a back test, any DD...

That is excellent!

1. Price 2. Bar timeframe 3. P&L (open & closed)

If everyone cut losses there would be no Market. We would all fold and leave the table at the first sign of a bad hand. Likewise if everyone traded the same signal it would be pandemonium as price oscillated violently. Have you ever wondered who drives the price further after the signal has...

Next year is my 10th trading. I hope you are right. I studied professional traders but had to go my own way and find my own identity in The Market. Same process with kickboxing, and the funny thing is you are just an inch away from being KO'd when on top of the world in both professions...

As a trader, it should be obvious you don't go against the trend until it has reversed. Why do citizens keep challenging the police in these situations? You get a worse beating if you resist just like shorting the US index. And the latest casualty is fibo trader on both counts....

A famous and very wealthy trader once said if you really want to know what is happening, just print out the price chart, hang it on the wall and stand on the other side of the room.......

Caught a serious tail last week. Looks like the pattern worked even on the equity curve! At this point I'm going to lighten up because that spike puts it at the top of the apparent trend.......

"why is the obvious not so obvious" "the chart of deception" Also I started one called "trading & boxing", which can be understood if you first study expectancy, position sizing, and worst case scenario loss (sometimes simulated as "monte carlo analysis" A light bulb also went on when I started...

I've actually seen this happen to a profitable trend following advisory service. The buy signal had to be changed after a couple years....

The two subscription services I once bought that actually helped were by former brokers who began trading for themselves, after (naturally) being immersed in The Market's moods, trends and spikes, and the people participating. They were from the era before online trading so they probably...

This thread is destined to be a classic of our time. FED printing for 10 years running......

I haven't followed him for years but remember he was famous for pushing winners at a time when there were easy trends. Those early pros seemed to want one system for every Market, and did not believe in periodic re-optimization (several made tweaks, however, and are still in business) But...

They also book profits, occasionally

Calculate the number of my name, and factor it into the golden ratio

Major market tops are so obvious if just read your textbook. What symptoms do you see in this chart of the last five tops that classic TA would have flagged (NOT fibo, wave counts or golden ratios):

Long time no update, still trading five years later. Jobs, property, and stuff got in the way but I'm still looking for tails as a hobby. Latest equity curve showed the pattern and I'm wondering if it works when trading a trader? If so, I'm taking out a loan....

Never thought about it until today, but there has been a correlation with my ability to fend off kickboxers and also to avoid losses in The Market. It all started with a "lucky punch" but I quickly got TKOd an accumulation of bad moves..... In both sports you can learn from others who are...

Was thinking of buying Bank of America when it was under $5. Oops......