Chimp Charts and TradeStation

Sorry, but I was not feeling well over the weekend. After effects of surgery. Did not get to it.
There are truly a lot of variables to my trades that are hard to put into words. All the ifs ands or buts........
Made a couple of scalps, but missed the big trend completely today. I am just off my game. Too much anesthesia I guess:confused:
 
understood! get better.

if theres something that we can talk about more specifically, then lets do that, privately, or on the phone i guess...

Pete
 
This morning is a good example of when not to trade with the Chimpanzee method or Don Miller method.
Pivot points would be a better idea with MAs as flat as they are now.
Truthfully, I am not comfy with pivots, so we are working on the boat today instead!
 

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I have been spending some time rethinking my strategies.

The chimp charts are way too nervous for me with the one minute chart flashing on by......and just as impossible to put into Easy Language.

I have moved back to Don Miller's ideas. Last 2 days I did perfect strategy and was nicely rewarded. Today was a fight with 11 round trips though......yesterday was one move that lasted all day which was very rewarding......though first thing I made 2 trades I got chopped up on.


I switch back and forth with the 3 and 13, depending on which has a stronger pattern. The one minute is just for a heads up on possible trend changes. That one particular part will be impossible to put into Easy Language, how do I "know" which chart will work better?

Last year I did very well with his QQQ strategy, but the move into futures has not been a smooth one. I did have some luck with automating QQQ on a daily chart, but was too chicken to actually use it. It was a simple 5/15 MA cross with a 2 tick false stop. I tried to put the stochastics into it to, but was stymied.

Any suggestions?
 
As always, in hindsight, problems with a system become clearer.
In a flat market MA crosses and pullbacks DO NOT WORK.
There is just not enough room to get in and out. I chopped up my own accounts because I missed this point.
Also for MA crosses to work, we need volume spikes to move the market up and down. There are very few of these.

Today I am going to concentrate on pivot predicting methods and trading range indicators.

:( :(
 
Quote from bobcathy1:

As always, in hindsight, problems with a system become clearer.
In a flat market MA crosses and pullbacks DO NOT WORK.
There is just not enough room to get in and out. I chopped up my own accounts because I missed this point.
Also for MA crosses to work, we need volume spikes to move the market up and down. There are very few of these.

Today I am going to concentrate on pivot predicting methods and trading range indicators.

:( :(
More...

ok, what trading range indicators?


ps Cathy, aren't you a Miller disciple? I believe I recall you stated sometime ago that his methods were great. What gives? Doesn't Miller work anymore?
 
Quote from LongShot:



ok, what trading range indicators?


ps Cathy, aren't you a Miller disciple? I believe I recall you stated sometime ago that his methods were great. What gives? Doesn't Miller work anymore?
More...

Bollinger bands, pivot points, candlestick reversal patterns are trading range indicators.

No system works every single day. That is a given that one will have drawdowns at some point. Yes, I follow Don Miller, Jea Yu, Chimpanzee charts and Steve Nison. But mostly I follow my own instincts.

Miller has had 2 bad days too.
 
Ok, but how do you pick the "correct" method for that day or this market? I'm curious as to how you will know when to begin using Miller again for instance?

Why are you confident that your method or "instinct" will avoid drawdowns in this market?

 
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