Bob's Bias

Gordon.....
Walter suggested to use an alternate means of identifying the start of a trend such as Bollinger Bands or a Divergence between a CCI and the price to pinpoint a better place to initiate the trade. He is right about that IMHO.

I use pivot theory to pinpoint my entries and exits and a moving average.

Bob wanted to keep a Journal of a "very simple" trading method. To perhaps prove or disprove his theory........which is that even simple methods can work for trading the Emini. :)

So we are keeping this as a "simple" method with no other indicators for now.:)
 
Quote from Gordon Gekko:

would you give an example, please.
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When tip of timing triangle is pointing to 10:30 and other conditions apply, it is not more profitable to exit at predetermined time of exit.
 
Quote from Walther:

When tip of timing triangle is pointing to 10:30 and other conditions apply, it is not more profitable to exit at predetermined time of exit.
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But that is not what this journal is about.
It is about an EASY method that follows certain rules.:)
 
Ok....today's session is over early for Bob's Bias.....
but we did have a nice profit of $370 today.

I have changed the chart to a 5 minute so it would be
easier for the Newbies to understand. It is not even
neccessary to use a chart when trades are timed.

Entered with 2 contracts at market at 9:35
Exit 1 contract at 11
Place stop loss.
Stop loss triggered for exit of second contract.
:)
 

Attachments

Quote from bobcathy1:

The weekly tally.
5.24 +0
5.26 -$280
5.27-$200
5.27 +$370
5.24 +$20
..................................
week tally -$90
:(
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There is nothing "random" about bob's trading. His "gut" feel is simply a synthesis of fundamental news he picks up that day with price action that he observed over the past few days.

Many prop traders on Wall Street desks trade exactly the same way. Wether this is a successful method is quite another matter. In order to succeed the method requires enormous concentration and keen analytical ability.

bob being a card counter I am sure he posses very good analytical skills. However for all the newbies who are hanging on to every hint of the next move know this -- their strategy is COMPLETELY NON-REPLICABLE. It is individual to bob and his skills, just Soros method and PT Jones method and countless other discretionary traders methods are non - replicable.

Gluck cathy, let keep it going.
 
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