Iterative Refinement
- Thread starter Spydertrader
- Start date
While an entertaining thought, rest assurd this isn't the case. Jack has flown south (waaaaaaaaay south) for the winter. Besides, irrespective of the nom de plum used, it doesn't take very long to recognize the syntax (and bold coloring of parsed paragraphs).
- Spydertrader
Quote from Padawan:
Nice trading, Ivo! I was going to ask what the circles represent, but I'm thinking now that they're FTT's. Nice work. Not feeling very bright today.
These are FTT's indeed and the color corresponds with the channel. (except for the first red circle now that I see it)
Result was nice indeed because I completely missed the 14:05 breakout and was up already 20 points by then.
What did I do different in simtrading compared to trading live?
- I was more relaxed
- spent much more time in the market when I knew what was going on. After all you just have to be on the right side and time does the rest.
- Annotated better
- Did not care about P&L or earlier trades
- Did not hesitate one second on execution
- followed cnms2 advise: "enter on breakout of tape and reverse if this breakout does not materialize". Sometimes when you look for example for a point 3 up I actively look for a failed tape break in the other direction. By the way this does not mean you wait for "any" tape breakout to enter position. Only on action moments. This was a big AHA recently as simple as it sounds.
So basically enter immediately and wait for the domino's to fall. FTT, tape breakout, bar breakout, decr non dom volume towards RTL, RTL break on incr volume, point 2 and 3, +PRV, some indicator, etc.
When entering on point 3: tape breakout, bar breakout, +PRV.
So never wait for the market to prove that you are wrong pricewise but exit if the next point of the sequence does not materialize before the inevitable happens which everyone will know by then (meaning you will be late to exit or to reverse)
So be ready to leave your position at any time but zoom out and relax on +PRV. Every big profit starts small.
Nothing I didn't know and there is no reason to be over-enthusiastic. I have never been able to produce consistent results in trading for real. My plan is consistent profits on sim for a while and then trade very small (SPY)
regards,
Ivo
Quote from Spydertrader:
While an entertaining thought, rest assurd this isn't the case. Jack has flown south (waaaaaaaaay south) for the winter. Besides, irrespective of the nom de plum used, it doesn't take very long to recognize the syntax (and bold coloring of parsed paragraphs).
- Spydertrader
Just asking. Is he in Mexico?
I'm currently in Mexico during the winter (actually until April). Maybe we can trade together
regards,
Ivo
Waaaaaaaay further south than Old Mexico.
Ten un buen semana.
- Spydertrader
The latest Equities Chartscript breaks down Volume by Pace ranking each day in comparison to all other days over a certain set period of time. Once ranked, the various levels of Volume - Extreme, Fast, Medium, Slow, Dry Up and VDU (Very Dried Up) become clear. The chartscript then marks each level automatically in the Volume Pane by color. Any stock with Volume currently falling below Dry Up Levels also appears with a Green Background on its chart. This process updates daily (or with each new data update).
Instead of buying as Price moves from DU to FRV to Peak, this focuses more on Gaussians and Jokari Window logic. In short, it has everything you need to trade equities successfully.
You can locate various discussions on Gaussians and The Jokari Window within the Futures Journal.
- Spydertrader