Hello Palindrome,
I wish the best on your goal and appreciate you for starting the thread. This is game is challenging and fun for sure.
Road to 120% - 2019....if anyone even cares
- Thread starter Palindrome
- Start date
I wish the best on your goal and appreciate you for starting the thread. This is game is challenging and fun for sure.
I don't get it. If your setups worked perfectly fine last year, why aren't you able to use the same setups to make money this year? I asked that question because I don't see anything wrong at my end by using the same setups to make profits for this year so far.
I agree with you 100%. Textbook logic would conclude what you are saying. Again, it is always easier said then done. It's never easy or simple, if it was easy... the professors of math and finance at universities would all be billionaires...they are not.
I trade like Monroe Trout in Market wizards, I believe my method complements what he did to a degree. My sauce is based on this logic I wrote recently. To some it might sound crazy, but it's from this base I have been able to develop 5 different futures systems across many time frames that model movements in price with good enough statistical outcomes to turn a profit that is worth the time to execute... laugh all you want...I'm just a 4 function calculator quant with basic education and average intelligence
Markets do the same thing over and over again:
1) positions are initiated or closed in locations that the most pain is inflicted by the participants
2) This works three fold:
- Large participants need volume to transact
- Brokers need to get paid and love volume
- Exchanges need the revenue from the volume to keep the lights on
If you know where these locations are...guess what, that is where the market is headed.
This is the fundamental structure of the market, the art is understanding where these likely places are and placing bets that the market will hit that area.
This happens in all time frames, but the larger traders operate on longer time frames.
IF you are learning to trade, understand that 80% of the time the market is targeting these locations and place bets that they will hit that location. 20% of the time they are looking to change direction at these locations. Conclusion: spend less time picking changes in trends and more time finding areas the market wants to resolve ie trend continuation
Hello All,
Let's be very supportive and thankful for the OP for taking the initiative to start a thread to accomplish his goal. Some members are bit to negative and don't know how to ask questions in a kind way when they don't understand. No need for the BS, we all just regular old traders.
Let's be very supportive and thankful for the OP for taking the initiative to start a thread to accomplish his goal. Some members are bit to negative and don't know how to ask questions in a kind way when they don't understand. No need for the BS, we all just regular old traders.
There could be a questioneering in forum ( maybe there is one, with a lot of votes ?), like :
,, Did you managed to achieve your trading goals for this year ?
a) returns were better, then i expected
b) yes
c) no
d) returns were worse then i expected
e) i had no goals
That, partly, would reveal the efficiency of goal setting for retail traders & how many miss their targets ( Bridge Waters are differrent story )
p.s not sure how accurate such data would be, even if anonymous
p.s.s best of luck P
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Major res support of the last 1 / 2 yrs, weekly chart, or im wrong ? ( just a guess )
Yeah your right 120% is for p*ssies
What's your target?
I like how you are raising the bar...
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Great wisdom Schweiz, thanks for contributing positive info hope to hear more from you.
In regards to "if the market does not move you will go nowhere"
I trade multiple markets so yes, if volatility is very low, then the rips of cash that I attempt to take out of the market will be muted compared to higher vol points in time just based on the absolute moves we participate in. I agree.