my personal thoughts after 20 years of trading

[p0box4]

trading naked has opened a whole new world because you are receptive to all the hints and messages the market gives.

So are you still trading the 123 system or?

 

[padutrader]

Which is what?

you have misunderstood when i said method i did not mean trading method i meant accounting method that i used to determine that i was not profitable

 

[padutrader]

So are you still trading the 123 system or?

you could say yes because 123 is nothing but a break out and a breakout which actually confirms the lower high in case of a sell or a higher low in the case of buy

 

[cruisecontrol]

you have misunderstood when i said method i did not mean trading method i meant accounting method that i used to determine that i was not profitable

I think you are the one that misunderstood me. What I meant is: what method did you use to know that you are profitable? I don't think it's possible to know in just 5 days. "Accounting" method you say? How does that work - your account has more money than 5 days ago so you are profitable?

 

[p0box4]

you could say yes because 123 is nothing but a break out and a breakout which actually confirms the lower high in case of a sell or a higher low in the case of buy

I might misunderstand you but if you say you are looking for a lower high to sell and a higher low to buy, isn't that more like a reversal system instead of breakout?

 

[padutrader]

So are you still trading the 123 system or?

i am actually trading something more basic: the nature of the market is that it trends or ranges so i trade accordingly. buy low sell high when it is in a range and buy high sell higher and vice versa in a trend
This is not as simple as it seems-the market is not simple-because you do have conditions that are in between such as ranging up trend and a trend in a range

 

[padutrader]

I might misunderstand you but if you say you are looking for a lower high to sell and a higher low to buy, isn't that more like a reversal system instead of breakout?

you trade the break out of the 2 point

 

[p0box4]

you trade the break out of the 2 point

So it is a 12 system then ?
I am getting confused here, anyway, best of luck.

 

[padutrader]

So it is a 12 system then ?
I am getting confused here, anyway, best of luck.

no after 1,2, 3 is formed the you take the trade on the break out of the 2 point

 

[themickey]

if you had not a single day profitable in the last ten years then 5 days is significant
i am tremendously happy with the new way i am looking at market
that is important

How many trades placed in these 5 winning days?
Win rate approx/profit factor?
Every day a winning day?