I'm continuing here a series of calls I began making in the Brooks Net Worth thread, the latest of those calls being linked above.
Currently short at 4562, here is the next call to reverse and go long:
In the Al Brooks Net Worth thread I expressed some annoyance with Al Brooks' promotions which appear as so many interviews on YouTube. Certain people stood up for Brooks, that, whatever you may say about his promotions, his content for sale, in the form of books and videos was valuable.
I just remember being so annoyed that I finally sat down and came up with my own trading system which resembles Brooks only in that I also use only price action, as revealed by colored Japanese candlesticks.
Someone in the Brooks Net Worth thread began making calls so I did too. The purpose is to prove that given the same number of trades, I could probably compete with Brooks, using a much simpler system.
I picked a time frame that would not demand too much attention from me. Stats show I will be going long or short about 13 times per month, but because I also need to update stops, I will probably be posting daily.
Stats (see the link above) suggest I will need to call at least 35 trades, and manage their stops, to make my point, after which I will likely stop. According to a chart of how this methods performs on ESZ over the past two years, 35 is the longest period this system is expected to linger before it makes a new high. So I will go 35, but will also keep going until average gain per trade is 0.256%, which is what stats suggest is available.
This method is swinging from long to short to long, always in the market. It is the product of an attempt I had made to prove that it must be possible to always be in the market, and to always turn a profit.
Upon that theory I began to search for potent points of reversal and settled upon just one reversal concept which is used for going long or short. So I'm not out on the prowl, sitting in cash, waiting for one of a variety of "set up"(s).
This is a second, temporary, journal for me. The content of my primary journal depends on finishing the code for this system, to show how it performs live as an algorithm. Not finished enough with the code for that. Still, I have proved this enough to myself with a ton of manually collected data that I used Excel to help me with.
These are calls, not trades. These are being timestamped for whatever veracity they can have.
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