Cash & Carry

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Folks,

There are more than one of you folks PMing me about winters concerns.

Tell me one Journal that can accomplish a trade-by-trade blow by blow call. Does this make Cash & Carry discretionary? I don't think so. You are placing demands on me that distract from my personal trading and performance. I will do what I can.

I can teach every one of you exactly what I do. You may not be able to do better than I, but you will grasp it. Some of you clever ones, can use this technique in a "scalping always in" method too" But we are discussing Cash & Carry and your other methods are up to you. Perhaps you will gain experience and ideas from this Journal.

SIMPLY RE-ENTER WITHOUT SCALING, YOU WILL DO FINE. READ THE RULES TAB. I TRADE WITH AN ADVANCED TECHNIQUE ONLY FOR MY INSTITUTIONAL TRADING CLIENTS, WHICH I HAVE NONE AT THE MOMENT. NOTICE THE RULES TAB SAYS RETAIL TRADERS!

Also understand that this Journal can stop abruptly for reason out of my control. I am able to share now as no one owns me...

Michael B.

How can I teach the "Art" of Trading quickly....hmmm. I can do it, I think. I will try. My little bits and pieces is not the whole picture and there are many talented traders out there that can trade me under the table, I will try and share what I have learned.
 
Quote from ElectricSavant:

Winter,

I do not have an answer for you. I just do not have all the answers. I will endeavor to post the screenshot from the activity tab on the platform after every trade or group of trades that I make from now on.

The Transaction history must be parsed and I must create columns then. I will be accused of editing the results then. But assuming everybody believes me this could be done on a weekly basis I suppose. I download from the MarketMaker and that part is not difficult. Merging it into the new spreadsheet with the new columns I do not know how to do. Late Edit:oh wait yes I do.

I can try to teach my re-entry techniques, and I did in the other Journal. It's just that sometimes I do not have time to capture screenshots..

There is a solution to this, I just do not know yet.

Late Edit: one solution is for me to open up a simulated account and to suspend my live account trading. I would need to provide a password to the group, but I would be violating ET policy by revealing the name of the MarketMaker.

Late Edit 2: There is a chat room here in ET
Michael B.
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Maybe I am misunderstanding your post but just to be clear, I am in no way doubting your results or the veracity of what you are posting. I don't care what format the data is in, e.g. screenshots versus a text file - I'm not trying to verify what you are saying, I'm trying to grasp it. The spreadsheet you post is very detailed but to be honest I can't understand where the daily profits are coming from, I believe they are real but that still doesn't help me understand their origins. It would seem to me that you would have days with losses when your positions move against you but that does not seem to be the case. :confused:

Basically I'm trying to understand if this system inherently has an edge or if it is your trading skills that are leading to the results you have achieved. I've never traded Forex so perhaps that is my problem however I don't understand how a system based on the idea of scaling in and attempting to keep the average position price near the current price has a positive expectation. It is not intuitive to me but perhaps that is my problem.
 
Quote from ElectricSavant:

Tell me one Journal that can accomplish a trade-by-trade blow by blow call. Does this make Cash & Carry discretionary? I don't think so. You are placing demands on me that distract from my personal trading and performance. I will do what I can.
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Not to beat a dead horse but again I am not interested in your trades real-time (e.g. I am not trying to mirror your results or ride your coattails). I dont know if others are PM'ing you asking to post your trades real-time but that is not my intent. I'm sorry if this becoming distracting to you, I understand if you choose to not respond or are delayed in doing so.
 
winter,

you are fine...no problem. (actually I am thanking you)

lets start:

Why have I decreased exposure? Is that in the rules. NO you are correct. But...see rule#5 (use the spreadsheet tab). according to that I should have 15k in AUD/JPY right. (base 15)

Have you noticed that we are cycling into the trading mode? but GBP/CHF is not cooperating because of the recent news. (this is telling us to reduce exposure, as the base proportion and increment finder will kick in and start entering ALL three pair triggered by the insistent fall of GBP/CHF)

Point here: We know the cycles because of the condition of the system and it proportioned trades and its forced systamatic re-balancing that takes place during the carry. This system causes the independence of these high yielding pair to correlate or else build causing the avg price to trail the current price and putting time on our side until they become profitable together.

So....

I simply traded to take off a losing trade at the bottom of the trades tab which happened to be a GBP/CHF position. BUT I DID NOT REPLACE THE EXITS WITH NEW TRADES. THIS GROUP OF TRADES CLOSING THE EXISITING POSITIONS SPANNED OVER SEVERAL HOURS.

When everything is in synch and all three pair have there horizontal line almost on top of the dotted line that represents the current price, then we go into another mode which is called profit taking. For now we are just managing exposure and trying to suck the lines closer together ALL at the same time.

The fact that these three pair currently trade independently, is why there is so much management. we are simply putting time on our side.

any Questions? (you better have questions or Wifey will start, and you know there is hell to pay when that happens)
 
Now I am going to tell you something.

I missed a trade (see that yellow triangle it was even lower before that green triangle that came after it, it has been adjusted higher now) in the GBP/CHF because on the Retail Trading methods I do not line up limit orders in anticiaption of these news events. I only place them one increment deep while I am sleeping in the retail trading system of Cash & Carry.

This tells me that I should not be lazy and I should line up 6 orders two for each pair incrementally spaced according to the spreadsheet increment finder calculations. Actually I will do that now and post the new orders tab.

Naturally a gambling meter of 10:1 and anticapatory techniques are used on the institutional side of this system. One must practice due diligence and there are no excuses when it comes to institutional traders, accredited investors and their expectations.

see attachement
 

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Yes I know...Some call me a boring eccentric professor type...I will feel out of synch and have trouble finding my way, if I am in a strange forest. I always try to keep up with you geniuses by FORCING change though! (new wallpaper coming soon)

So its YOU..looking at my stuff...Don't you like my island? I white out my secret icons hehe

Quote from Killmenow:

Electric do you ever change your desktop wallpaper, or you don't know how to do it :D
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