ES Journal - 2017/2018

[Noone123]

Handle123: Nice martingale system.

 

[Handle123]

Handle123: Nice martingale system.

Thanks, but I don't use that, but most of my scalping systems I have designed, been targeted to have low probability of losses under 5%, I won't touch any system I make now to show probabilities over 5%. These are always based on the past and I require min of 20,000 sample size as then one can't see it as a fluke, the recent, 6 months ago started, using Quantum physics to cycles has added flair to my knowledge, so in any given day, out of ave 60 trades it produces in day session, losses never exceed three. Not shabby for 61yo, eh?

Later gang, going to spend day at Starbucks doing back testing.

 

[Noone123]

Definitely scalping for a few points. You been averaging down on a few of your trades.

 

[treeman]

Who

Thanks, but I don't use that, but most of my scalping systems I have designed, been targeted to have low probability of losses under 5%, I won't touch any system I make now to show probabilities over 5%. These are always based on the past and I require min of 20,000 sample size as then one can't see it as a fluke, the recent, 6 months ago started, using Quantum physics to cycles has added flair to my knowledge, so in any given day, out of ave 60 trades it produces in day session, losses never exceed three. Not shabby for 61yo, eh?

Later gang, going to spend day at Starbucks doing back testing.

is your data provider?

 

[nickynoes]

Nice bounce there on the 23.6 retrace. I closed some losing short positions today just in case, slightly long.

 

[Noone123]

The problem with scalping system is slippage of backtesting vs. live trading. I have a higher frequency intraday system with 2x the return during backtesting but i will not it.

 

[wave]

Has to breakdown here or no go on the short to 2685

 

[Noone123]

There's a 25% probability it will even touch 2700 today.

 

[nickynoes]

Actually reversed to short on a signal I got on the 1m chart, slightly short now instead.

 

[nickynoes]

Thanks, but I don't use that, but most of my scalping systems I have designed, been targeted to have low probability of losses under 5%, I won't touch any system I make now to show probabilities over 5%. These are always based on the past and I require min of 20,000 sample size as then one can't see it as a fluke, the recent, 6 months ago started, using Quantum physics to cycles has added flair to my knowledge, so in any given day, out of ave 60 trades it produces in day session, losses never exceed three. Not shabby for 61yo, eh?

Later gang, going to spend day at Starbucks doing back testing.

Having 99% winrate doesnt mean much if your 1% of losers have a relatively high probability of wiping your account.