Simple Profitable Method

nofutures · Sep 24, 2006

I'm a pure scalper : YM, CAC40 and n225

Ym : 2 ticks - 10 ticks
CAC40 : 2 ticks - 10 ticks
n225 : 2 ticks - 5 ticks

Gross : 5 to 10% each month

Simple, fast, secure, boring, profitable

trader28 · Sep 24, 2006

Quote from nofutures:

I'm a pure scalper : YM, CAC40 and n225

Ym : 2 ticks - 10 ticks
CAC40 : 2 ticks - 10 ticks
n225 : 2 ticks - 5 ticks

Gross : 5 to 10% each month

Simple, fast, secure, boring, profitable

Are you tempted to do the NQ now that it's 5 bucks a tick? lotta volume

nofutures · Sep 24, 2006

No NQ or S&P, i'm looking very little % and most fast as possible. NQ is not very interessing for me because there were 200 or 500 lots as YM there were 10 or 20 lots. A good trade is less 1 2 minutes.

So my luck to have a fast trade is more speed with YM, for me time in market = risk, less tim, less risk.

Sorry bad english, i'm french

trader28 · Sep 24, 2006

Quote from nofutures:

No NQ or S&P, i'm looking very little % and most fast as possible. NQ is not very interessing for me because there were 200 or 500 lots as YM there were 10 or 20 lots. A good trade is less 1 2 minutes.

So my luck to have a fast trade is more speed with YM, for me time in market = risk, less tim, less risk.

Sorry bad english, i'm french

Understood, Jack Broz trades the YM and runs his Hotcomm room from the pit floor, fantastic trading room if you are looking for one

potemkinvillage · Sep 24, 2006

Thanks T28. I'll papertrade this next week.

nofutures · Sep 24, 2006

Why not, it will be interessing to progress or to have new ideas.

Can you explain me how assists to with it?

thanks

trader28 · Sep 24, 2006

Quote from nofutures:

Why not, it will be interessing to progress or to have new ideas.

Can you explain me how assists to with it?

thanks

Jack is a wily old ex pit trader that still knows all the guys on the floor and gets all the news and whispers during the day, it's just a good environment to trade in if you trade the YM or bonds

es175 · Sep 24, 2006

A quick diversion. Weekly Bund chart with the MACD below.

http://www.futuresource.com/charts/charts.jsp?s=DGB&o=&a=W&z=800x550&d=LOW&b=bar&st=MACD(12,26,9);

Looks like the market is just about to cross the zero line, having made a double bottom. Will be interesting to map on the essentials of Trader28's methodology and see how it works out on a different timeframe and market.

es175

LeroyB3 · Sep 25, 2006

Quote from CharlesTrader:

Looked at the Kwik Pop web page, and their chart examples for Tradestation. They appear to use the following:

1. 24 hour chart
2. 150 Tick chart

The attached chart is an attempt to simulate what I see on the Kwik Pop examples.

1. 24 hour chart
2. 150 Tick chart
3. 3 Period SMA Displaced forward 2 bars
4. 3 Period SMA Displaced backward 2 bars
5. MACD showing histogram of MACD/MACD Avg Difference
6. Long Term MACD is 5 times the Short term MACD

Kwik Pop claims to look at 18 conditions, I'm only looking at 4.

For short trade, Forward Displaced SMA must be above Backward Displace SMA , Price must be below Forward Displaced SMA, both Long Term and Short Term Momentum must be negative.

I like this.

Maybe one day I can dream up 18 conditions to analyze, but for now 4 will do.

Charles

Just wanting to let you know that you will not be able to tell when the 3 Period SMA Displaced -2 is above the 3 Period SMA Displaced + 2 in real time. That is, unless you can read the future and then you wouldn't need these indicators.

Best,

LB

trader28 · Sep 25, 2006

Quote from LeroyB3:

Just wanting to let you know that you will not be able to tell when the 3 Period SMA Displaced -2 is above the 3 Period SMA Displaced + 2 in real time. That is, unless you can read the future and then you wouldn't need these indicators.

Best,

LB

I dont use -2 3 SMA, it's not a crossover system, it's just price popping above or below the 3 SMA (+2), some of the best traders in the Kwikpop room had to trim a lot of indicator fat off the bone