Simple Profitable Method

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you mean that pirate from downunda? the OP

I like your thought that just grindin but in a lot of trades will ulimately have you in the market for a big pop. This present consolidation is long enough now that we should see something big.

Compared to a month ago at least you see some downward swings compared to the beeg bull she was.
 
Quote from jack hershey:

... have a unique experience in life. ... from the beginning of the day to the end of the day that he could be in the market and making money.

1. Take direction.

2. Associate with any tool what a SIGNAL really is.

3. Understand how, in the interval before a signal happens, there is a reason to keep a log to note THAT THE SIGNAL WILL BE ARRIVING SOON.

All of these things are curable for almost anyone. Most of the time they occur because these things are unconsidered, are unknown or ill considered.

***

Method....this is desired by those who have none.

Profitable..... Removing risk is a thing most people do not have knowledge or skills to do. Profitable implies and infers something about not losing.

Simple....This term ranks, for trading, with the two magnifiers for soap>>> NEW and >>>IMPROVED.

***

When I enter posts in a thread they are disruptive because of their substantive content and thought provoking nature.
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Hey jack, you really are a genius you know.

If you could just write in slow-motion, we'd all probably get a lot more from your posts. Part of the problem is that the mind only associates with concepts that it has experienced, if a trader hasn't expereinced what you are talking about (in my version of your heavily edited post) they won't be able to coginize what you are saying.

Anyways, thanks, and have a nice weekend.

JJ
 
Don't forget to visit our gift shop on the way out of the thread and purchase a Jack Hershey T-shirt... look for the classic logo of Jack vomiting up the dictionary into a toilet bowl after a hard night on the town
 
***In my mind we are perfecting the YM, 2 minute chart***

Trader28 trades the (ER).
Some of us (me) trade the YM, $5. mini dow.

I really like Trader28 system!!! But I felt like I was getting
whiplashed on the YM using macd 12-26-9

What to do? Tweak the settings a little bit?

Jack Hershey walks into the room with his Stoch settings...So I
said I'll check them out...

I like the Stoch 14-1-3 and 5-2-3. I don't know which is the
best setting for the YM.

I also like the Macd 12-26-9 and 5-13-6. I don't know which is the best settings for the YM.

I would like to narrow this down to Macd and Stoch but I don't
know which settings to keep and which to get rid of.

I would really like to narrow this down to one indicator and get
it down pat. Does anyone know which indicator and settings are the best for short term trading on the YM, 2 minute chart. (short term to me is 2-5 bars or 2 to 10 minutes per trade).

***In my mind we are perfecting the YM 2 minute chart***

Thanks

snarlyjack
 
Ya know Snarly, you seem a decent sort..But you ask questions that YOU should be able to answer yourself.

You have all weekend. Why not take a few hours and go back through your intraday charts and figure it out yourself.

Are you saying that you don't know what the real difference is between MACD or Sto settings? If thats the case, why not take the time to do some research?

At some point you are going to have to learn to sail your own ship.

Good luck

Steve
 
Quote from jack hershey:


The prices you are posting did not exist on the 16th for the times you noted for the prices. Those that you posted may be prices for the 17th instead; they do not work for the 17th.
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TO: Jack Hershey

Hello Jack,

Since nobody else seems to have done it, I did mark up the trades of the 16th- please see attached chart. I will also attach the spreadsheet.
1. I entered at the close of each bar where the Stoch crossed zero (otherwise, you dont know if it flips back and forth, right?). Is that the correct assumption? What would your exact signal be?

2. My backtest does show 4 losing trades.. could they have been avoided by a filter, and if so, which one? Your comment seems to indicate there is a filter which would make all trades taken profitable?

3. The backtest shows profitability ($200/lot), but I did not factor in slippage- would that be a factor in this case?

4. I calculated the MAE, which determines that you would need a 10 pt emergency stop to achieve the results shown. Is that correct?

4. Thanks for your pointers!.... am trying to learn something here...
 

Attachments

And, lastly, I did take off Volume for the clarity of the chart... which might have been a mistake, given that it could be the filter or the anticipatory indicator that Jack refers to... appreciate any direction there, Jack.
 
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