Market Code Crack'd?

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Quote from floortradr542:

Very unusual day. Not only were there no losing trades, but each exit was also a signal to reverse. I got spooked because I was up over 20 pts by noon and I am thinking "should I take the money and run?" I hung in there obeying all the methodolgy rules for an additional 9 pts.

The Method. Maybe I should start referring to it as the "Golden Goose" Yeah, right. I do that and it'll be jinxed for sure.

Instead of the usual twenty trades, there was only 5. I earned more than my first day; not only point-wise but saving on commissions as well. Spooky, indeed.



P/L


S 732.00 8:17
B 725.10 9:56 6.90

B 725.10 9:57
S 732.90 11:00 7.80

S 732.90 11:01
B 728.80 11:16 4.10

B 728.80 11:17
S 732.60 13:04 3.80

S 732.60 13:05
B 728.60 14:14 4.00

B 728.60 14:15
S 731.10 14:59 2.50


Total Trades: 5
Winners: 5
Losers: 0

Total Points: 29.10
Gross profits per contract: $2910



I exceeded half my monthly goal just this week. Is a drawdown imminent?
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Hey bud,
Tried following some of your entry/exit points and some of the timing differs from what I have. E.g. trade #2;
B 725.10 9:57
S 732.90 11:00 7.80

725.10 level was never hit since the lod was 725.6

your exit (or reversal entry) at 732.9 but was only hit at 11:48EST (or 10:48CST) - (you musta gotten extremely lucky on fill cuz that was the hod.) :D

Am I missing something?

Cariocas
 
Quote from Cariocas:

Hey bud,
Tried following some of your entry/exit points and some of the timing differs from what I have. E.g. trade #2;
B 725.10 9:57
S 732.90 11:00 7.80

725.10 level was never hit since the lod was 725.6

your exit (or reversal entry) at 732.9 but was only hit at 11:48EST (or 10:48CST) - (you musta gotten extremely lucky on fill cuz that was the hod.) :D

Am I missing something?

Cariocas
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yes u missin' that results after da fact without trade confirmations or trails are never to be blindly trusted....if i was da guy i wud post entries/exits real time or da trails; that wud give legitimacy to his journal and prolly look less as a series of meaningless numbers impossible to confirm...but heck it is his biz and his choice, innit.
 
Correction to previous post:


B 726.10 9:47


B 729.00 11:16


I jotted the prices as I placed the orders, neglecting to double check the fill sheet.


This was an extreme, crazy week. Watch me give it all back.


For those interested, let me put you on the path to discovery. The key is to break down the market into its smallest fractal. Then know which cycles are key in your market's unfolding. When multiples of these cycles point in the same direction, you know which way to go.

You need to see what everyone else sees, but not see it in the same way they do. Build on that and everything else falls into place.
 
What a pounding the market took today. Dropped like a stone from out of the gates and never looked back. It's funny the tricks Mr. Market plays on you. Spent three years looking for a mechanical system. I developed one to my satisfaction and I still have to take the occasional discretionary trade.

B 728.00 8:28
S 728.60 8:32 .60

S 727.30 8:33
B 726.60 8:38 .70

S 725.80 8:40
B 726.30 8:41 -.50

S 724.40 8:43
B 722.20 8:48 2.20

S 721.80 9:10
B 711.00 14:49 10.80



Total Trades: 5
Winners: 4
Losers: 1


Total Points: 13.80



I want to be noted that the last trade was not a method trade but a discretionary one. When the $INDU drops 50 plus and $COMPX drops 10 plus within the first 10 minutes of the open, good indication of trending day. Stop was placed 1.5 points above entry .
 
The post below explains the motives. I guess it's more of a personal journal to instill discipline in following the method.

Cariocas

Quote from floortradr542:

Thanks for the replies.

Looking back on each significant trade, I entered at about the 10% point. Meaning, I captured 90% or so of that move. I didn't cherry-pick tops or bottoms. The move was underway and I grabbed most of it.

I visited the NYSE once in January '86 on a school trip. Other than that, I have never worked on any exchange. The name has a professional-sounding ring to it. It was only meant to deceive Market Monk.

This is only the first day of trading the posted method. This is not meant to be an exaggeration nor solicitation of any kind. Only an accountability to an unseen public.

The details of the method are kept vague for a reason: an edge is only good if it is not shared.
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