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Random Rants and All the other Goodies 2 - No, not a Gann journal...
- Thread starter WDGann
- Start date
No more scalping...
I've made consistant profits so I'm moving to my next step. But I'm not going to pick signals. I'm going to try to outperform the systems I made by having a over-the-top execution.
Will be using 3 non-correlating system.
Explanation of the system:
1. Takes 11 market behavorial markets to determine a signal. Takes the divergences between the other market behavior and it's patterns to derive a signal. The system is countertrend in nature also much like momentum scalping. System name is CounterNit.
2. Well, I put together Pyrapoint, Neo-Gann, and my own personal stuff to a bunch of signals. This is also counter-trend in nature but rides the swing. I changed it so that it doesn't draw any lines also. I call the system DeepGann (named from Deep Blue... you know the Chess Computer)
3. The last one is technical analysis based. I call it TharpMaster because the concept is based on what Van Tharp has in the book. With high expectation, trend-following concept, and very strong concentration on exits. One of the longest codes I made in my life just to implement my concept in this system. It's got 20 original functions just for the exits.
My goal is to outperform all 3 systems by execution, 3 days in a row before I take the next step. Also, the systems I picked is not my best performing systems. I wanted a non-correlating, and un-anticipatable system. They all have an above average performance.
I've made consistant profits so I'm moving to my next step. But I'm not going to pick signals. I'm going to try to outperform the systems I made by having a over-the-top execution.
Will be using 3 non-correlating system.
Explanation of the system:
1. Takes 11 market behavorial markets to determine a signal. Takes the divergences between the other market behavior and it's patterns to derive a signal. The system is countertrend in nature also much like momentum scalping. System name is CounterNit.
2. Well, I put together Pyrapoint, Neo-Gann, and my own personal stuff to a bunch of signals. This is also counter-trend in nature but rides the swing. I changed it so that it doesn't draw any lines also. I call the system DeepGann (named from Deep Blue... you know the Chess Computer)
3. The last one is technical analysis based. I call it TharpMaster because the concept is based on what Van Tharp has in the book. With high expectation, trend-following concept, and very strong concentration on exits. One of the longest codes I made in my life just to implement my concept in this system. It's got 20 original functions just for the exits.
My goal is to outperform all 3 systems by execution, 3 days in a row before I take the next step. Also, the systems I picked is not my best performing systems. I wanted a non-correlating, and un-anticipatable system. They all have an above average performance.
Oh man... this market maker kinda trading is hard....
My systems seems to put an order in when there is mometum so there's not much time for me to fill the orders in.
I've underperformed CounterNit and TharpMaster... funny how I can seem to anticipate DeepGann's signal... I don't want to or trying not to but I seem to know.
Also, from this I seemed to be getting a new insight about all this.
I'm getting stronger sense of which trades are going to work and which are not intuitively (comfortable and un-comfortable).
Overall, I was up 14.25 ES handles today. But, I have 3 systems so I'd say each gave me about 5 handles each.
My systems seems to put an order in when there is mometum so there's not much time for me to fill the orders in.
I've underperformed CounterNit and TharpMaster... funny how I can seem to anticipate DeepGann's signal... I don't want to or trying not to but I seem to know.
Also, from this I seemed to be getting a new insight about all this.
I'm getting stronger sense of which trades are going to work and which are not intuitively (comfortable and un-comfortable).
Overall, I was up 14.25 ES handles today. But, I have 3 systems so I'd say each gave me about 5 handles each.
I'm following the After-hour session for ES and NQ and getting strong confirmation of an upmove coming soon.
I'm keeping a Mid-term Time Scale Position Sizing and keep on adding positions along the way.
I've got 10% of the max commitment size in through a broker...
Planning on adding more along the way as the market confirms more and more.
But we maybe bottoming in a few, due to showings of stronger and stronger Gann confirmations I have seen in a while... (Though, I'm going to keep some space for my everyday shorter timeframe trading)
I'm all ready for a 24-hr market following now... time to make some time!!!
I'm keeping a Mid-term Time Scale Position Sizing and keep on adding positions along the way.
I've got 10% of the max commitment size in through a broker...
Planning on adding more along the way as the market confirms more and more.
But we maybe bottoming in a few, due to showings of stronger and stronger Gann confirmations I have seen in a while... (Though, I'm going to keep some space for my everyday shorter timeframe trading)
I'm all ready for a 24-hr market following now... time to make some time!!!
OK... here's the thing towards a responce to the perma-bears...
I am trading the longs using the Weekly and Daily Charts, due to that I would be holding a position in a weekly timespan (3 months, maybe). I wouldn't mind rolling-over the position if I feel so.
The style of the longs are not the way I would day trade. The time frame is a lot longer so the position-sizing and stops are different from intraday trading, obviously. I have a pre-determined stop which is set and placed.
I only have 10% of the whole predetermined position size. In the longer term, I like to use partial positioning because it's more important to be in the trend and trade confirming the trend each time. I have about 5 more criterias that I would like to see and confirm before I have a fully committed position. For example, if today does end up, I would put another position inside.
One of the major indications I'm waiting for is the switch in Mass Market Psychology. Everyone(or at least most), is still bearish and I'm waiting for signs of neutralizing. Well, there's ways to do it, call a few fellow traders or follow the overall tone in ET. Once people say they're uncertain rather than bearish... then it's a good sign considering all the technical and other indicators showing me up.
The contract I hold is in ES so that I wouldn't have to worry about it in my usual NQ intraday trading. As I noted, I don't mind rolling over if needed.
Also, I wouldn't mind being flat and wait for a few weeks for the optimal entry also. The nature of my position (like size) is different and willing to take the loss well before the stop gets hit.
So perma-bears... shut the f*ck up... I hate listening and trying to rationalize my trades to someone. At least I'm going to follow my pre-determined plan and rules for this trade.
PS. These kinda long-term strategical trades are fun. Reminds me before I became a intraday trader.
I am trading the longs using the Weekly and Daily Charts, due to that I would be holding a position in a weekly timespan (3 months, maybe). I wouldn't mind rolling-over the position if I feel so.
The style of the longs are not the way I would day trade. The time frame is a lot longer so the position-sizing and stops are different from intraday trading, obviously. I have a pre-determined stop which is set and placed.
I only have 10% of the whole predetermined position size. In the longer term, I like to use partial positioning because it's more important to be in the trend and trade confirming the trend each time. I have about 5 more criterias that I would like to see and confirm before I have a fully committed position. For example, if today does end up, I would put another position inside.
One of the major indications I'm waiting for is the switch in Mass Market Psychology. Everyone(or at least most), is still bearish and I'm waiting for signs of neutralizing. Well, there's ways to do it, call a few fellow traders or follow the overall tone in ET. Once people say they're uncertain rather than bearish... then it's a good sign considering all the technical and other indicators showing me up.
The contract I hold is in ES so that I wouldn't have to worry about it in my usual NQ intraday trading. As I noted, I don't mind rolling over if needed.
Also, I wouldn't mind being flat and wait for a few weeks for the optimal entry also. The nature of my position (like size) is different and willing to take the loss well before the stop gets hit.
So perma-bears... shut the f*ck up... I hate listening and trying to rationalize my trades to someone. At least I'm going to follow my pre-determined plan and rules for this trade.
PS. These kinda long-term strategical trades are fun. Reminds me before I became a intraday trader.
nice call, gann.
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