It is even better when paired to a reward to risk ratio of 2:5.
Must be government accounting.
ES E-Mini Daily Trades Signals
- Thread starter MarketException
- Start date
It is even better when paired to a reward to risk ratio of 2:5.
Must be government accounting.
Today the market moved from 1174.25 (open) to 1179 in the direction that my system predicted, very close to the high of the day in less than 30 minutes. At 10 AM we had news and as we know, the news can change the direction like a toss of a coin. To me as a trader, the correct prediction of the first move in market was a great advantage. I went long for the system target of 1183.25 but I got out right before the news for 2 points of profit(potential profit 3.75 points) instead of 5 points of loss. I invite you snap out of that negativity (very hard but you can do it)and to look closer at this system and figure out how many times it predicts the direction of the market correctly. Most of the losses in this system is because of change of direction based on news. But even with these avoidable losses, the long term statistics is fantastic.
I have had only 9 trades since I started posting here. My much longer time track record is win rate around 80% and PF around 3 and has been very consistent. I am confident the track record here will approach my long term record.
I had 3 consecutive losses here, two of them because change of market as a result of a news. In my own record I have had 6 consecutive losses before. But I also have had several streaks of 13 and 14 wins. Anyway the sample size here still is too small to make a conclusion. In other words, it has not reached the "significant level" to make a conclusion in either way with any degree of confidence.
But as far as barking, it does not matter, when a few trades were going great, I heard barks. When few trades reached stops I hear barks. To me all sound the same way.
By now, I am used to the ghetto neighborhood here. I think my experience has been mostly dealing with more sophisticated people. It is a good experiment and observation for me here.
So this barks are not going to disappoint me. I am going to keep posting my signals here. I already have seen that no matter how the result is, the gang is barking (except for one who sounds like PMSing sometimes)
BTW to the barking gentleman who wrote I am planning to charge $50 a month for my system(I don't know how he came up with this idea other than close circuit thinking or thinking with a body part other than brain), I should say if I ever want to charge for the signals I post here, it would be more like $500 a month and it is not for newbies. You still need to have trading skills to make the best out of it.
To all the quiet people who read these posts, please ignore the barks here and watch my signal performance for a while. I promise you will be amazed.
Just be patient and watch.
I have had only 9 trades since I started posting here. My much longer time track record is win rate around 80% and PF around 3 and has been very consistent. I am confident the track record here will approach my long term record.
I had 3 consecutive losses here, two of them because change of market as a result of a news. In my own record I have had 6 consecutive losses before. But I also have had several streaks of 13 and 14 wins. Anyway the sample size here still is too small to make a conclusion. In other words, it has not reached the "significant level" to make a conclusion in either way with any degree of confidence.
But as far as barking, it does not matter, when a few trades were going great, I heard barks. When few trades reached stops I hear barks. To me all sound the same way.
By now, I am used to the ghetto neighborhood here. I think my experience has been mostly dealing with more sophisticated people. It is a good experiment and observation for me here.
So this barks are not going to disappoint me. I am going to keep posting my signals here. I already have seen that no matter how the result is, the gang is barking (except for one who sounds like PMSing sometimes)
BTW to the barking gentleman who wrote I am planning to charge $50 a month for my system(I don't know how he came up with this idea other than close circuit thinking or thinking with a body part other than brain), I should say if I ever want to charge for the signals I post here, it would be more like $500 a month and it is not for newbies. You still need to have trading skills to make the best out of it.
To all the quiet people who read these posts, please ignore the barks here and watch my signal performance for a while. I promise you will be amazed.
Just be patient and watch.
For someone always claiming others are "PMSing", he sure does his share of whining.
FRAUD.
And a whining FRAUD.
:eek:
FRAUD.
And a whining FRAUD.
:eek:
Thursday10/28/2010:
Attention: Please do not trade these signals with real money. They are for studying the market and keeping a track record.
1 - All zones are exclusive.
2 - If a signal does not reach target or stop I use the end of day price for the purpose of keeping track.
3 - If someone here is really crazy like me! and trades real money based on these signals, use the pivot levels to adjust your stop and target for better performance.
4 - Exit positions before any major news.
Attention: Please do not trade these signals with real money. They are for studying the market and keeping a track record.
1 - All zones are exclusive.
2 - If a signal does not reach target or stop I use the end of day price for the purpose of keeping track.
3 - If someone here is really crazy like me! and trades real money based on these signals, use the pivot levels to adjust your stop and target for better performance.
4 - Exit positions before any major news.
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Quote from Trvlwanderer:
Ok, opened at 1178.25 so..............
Use signal 1 : SELL at market open (1178.25), tgt 1175.50, stop at 5.75 points (1184).
We have a risk of 5.75 points.
We have a reward of 2.75 points.
Let's see how this plays out.
It was close.....touched the target of 1175.50, but would not have filled.
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Quote from MarketException:
My Signal #1 was triggered to go short at 1178.25 at the open
Target was reached at 10:02 bar for a profit of 2.75.
As usual I deduct 0.25 for partial fill situations. As stated before My criteria is hitting the target and I deduct 0.25 from all trades (win or loss).
Total # of trades = 6
# of wins = 5
Total profit = 11.5 + 2.75 - 0.25 = 14
Total Loss = 5.5
Win rate = 83%
PF = 2.55
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Quote from trvlwanderer:
The target DID not get filled. I posted as it tagged it, but DID not fill. You will not get a buy to cover on the bid knucklhead.
You know it.
This trade is STILL OPEN.
I was hoping you would treat this as a real trade and we could move on, but you are proven to be a FRAUD.
Keep posting. I will.
REMEMBER: A 2:5 Reward to Risk Ratio works very well when paired with a (disputed) 52% win rate.
I think an effective system would to use these signals for an inverse trade.
Quote from Trvlwanderer:
Ok, opened at 1178.25 so..............
Use signal 1 : SELL at market open (1178.25), tgt 1175.50, stop at 5.75 points (1184).
We have a risk of 5.75 points.
We have a reward of 2.75 points.
Let's see how this plays out.
It was close.....touched the target of 1175.50, but would not have filled.
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Quote from MarketException:
My Signal #1 was triggered to go short at 1178.25 at the open
Target was reached at 10:02 bar for a profit of 2.75.
As usual I deduct 0.25 for partial fill situations. As stated before My criteria is hitting the target and I deduct 0.25 from all trades (win or loss).
Total # of trades = 6
# of wins = 5
Total profit = 11.5 + 2.75 - 0.25 = 14
Total Loss = 5.5
Win rate = 83%
PF = 2.55
--------------------------------------------------------------------------------
Quote from trvlwanderer:
The target DID not get filled. I posted as it tagged it, but DID not fill. You will not get a buy to cover on the bid knucklhead.
You know it.
This trade is STILL OPEN.
I was hoping you would treat this as a real trade and we could move on, but you are proven to be a FRAUD.
Keep posting. I will.
REMEMBER: A 2:5 Reward to Risk Ratio works very well when paired with a (disputed) 52% win rate.
I think an effective system would to use these signals for an inverse trade.
Oh, I see, blame it on the news. You forgot that little news problem in your back test huh? I pick levels all the time, weeks in advance, and guess what, the news doesn't bother me.
You're doing two things wrong. 1. You blame everything in the world except the system, a very newbie thing to do.
2. You're system and the risk/ reward you use does not work. I knew that before you started.
Just like I said, even quicker, you've lost money.
I think I answered the risk/reward question before.
No mechanical system can predict news. When news come it is toss of a coin. It turns into a 50/50 situation. So we had two signals failed because of the news recently. Over the long run 50% of news will go in the direction of prediction.
Just wait and see the longer term result before jumping to any conclusions.
But if you are day trading, it is always good to get out just before any major news if you don't have inside info no matter what is the base of your trade.
BTW what happened to your system that you were keeping track here. I think you did not have a single win after you announced it and you stopped reporting it. Did you have any win?
Dear Gods please do not accuse your creations!
You just must be retarted. I don't have a system, and I don't have a system that I was trading here.
I simply said I will do the exact opposite of your trade. Is that so hard to understand. I will use a 1 point stop and a 3 point target. I will do the exact opposite of your trade.
For example,
You buy 1187. Since I do the exact opposite that means I short 1187. I use 1 point stop 3 point target. Add it up. After only a week or two you would have been better off just doing the exact opposite of your trades.
In other words, your trades are worth shit.