Simple Profitable Method

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Thanks for the reply.

The reason I ask is that different traders react to win/loss rates in different ways.

A 40 % win rate can be very profitable if the R/R is right, but many traders would not be comfortable trading such a system.

On the other hand, you can lose lots of money trading a 60% winning system if the losers are large. But most of us want to be right.

I've been in the markets long enough to know that the win/loss rate is often the least important measure of a system.
 
I lose a little money and I make a little money. Nothing to live off of yet but I do have big dreams...

When I first started it was at Woody's CCI. I did learn a lot (zero line crosses and zero line rejects) but I could never deal with not looking at prices and the CCI to me is a different kind of indicator.
Didn't work for me...

My second attempt at trading was with crossover systems. I like crossover systems as I can see the moves but they seem to lag to much. Didn't work for me...

So...this is my third system, Macd with Bollinger Bands. So far I like it the best. But you need to learn the nuance's of it.

What I've learned this past year is...This is big time market timing. And to do market timing in the futures market (ym) you need a system that you feel very comfortable with. Along with good money management, entry/exit skills, and the psychology of the whole thing. Just takes time and practice to learn it.

snarlyjack
 
I do not like BB's...but when used together with the MACD....it would not matter if price "rode a line" you would be out...The ER seems to be the instrument of choice due to its volatility and violent enough moves...


Quote from snarlyjack:

I lose a little money and I make a little money. Nothing to live off of yet but I do have big dreams...

When I first started it was at Woody's CCI. I did learn a lot (zero line crosses and zero line rejects) but I could never deal with not looking at prices and the CCI to me is a different kind of indicator.
Didn't work for me...

My second attempt at trading was with crossover systems. I like crossover systems as I can see the moves but they seem to lag to much. Didn't work for me...

So...this is my third system, Macd with Bollinger Bands. So far I like it the best. But you need to learn the nuance's of it.

What I've learned this past year is...This is big time market timing. And to do market timing in the futures market (ym) you need a system that you feel very comfortable with. Along with good money management, entry/exit skills, and the psychology of the whole thing. Just takes time and practice to learn it.

snarlyjack
More...
 
ElectricSavant,

I am just learning to trade with Bollinger Bands and the Macd System. I am getting better than I was but I feel that I am just learning the system.

ES...Why don't you like trading with Bollinger Bands?

snarlyjack
 
ohh.I thought my post explained...sorry...with the MACD it takes away the "ride the line times"...I have been experimenting with the Demarker indicator too...but i have nothing significant to report....but there is something there :)

trader28lite (trader28) has blessed us with his world...thanks

something must have happened to cause him to change his handle and I was out of the loop on that...maybe there was some problems in the lounge or something...but his contributions to trading are priceless...

Michael B.

Quote from snarlyjack:

ElectricSavant,

I am just learning to trade with Bollinger Bands and the Macd System. I am getting better than I was but I feel that I am just learning the system.

ES...Why don't you like trading with Bollinger Bands?

snarlyjack
More...
 
ES,

Now remember I am just kinda a nubee here...

What I have found in the ym market is, their are about 4-5 bars in a good trade (5-8 minutes) then the trade starts flipping back on you and starts getting weird.

I've learned to get in, make some money (usually 7 to 20 points).
Then get the heck out before I end up giving it all back.

I guess I would consider myself a short term, nervous trader. Not sure if this is the best way to trade but this is where I am currently at.

My goal is to make $100. a day. consistently, every day. Easier said than done.

snarlyjack
 
snarly...that is narly...maybe i should become a nubee again! your doin' great!

Keep on doing what your doing and keep on the pulse of the market...you are younger and can take the heat obviously...do you trade all day?

I have just recently revisited the use of indicators because of this thread...and most is still true...they lag...but this instrument, the BB and the MACD give enough time to work...(I fantasize about the HSI and the Dax, but am afraid to look)

Michael B.


Quote from snarlyjack:

ES,

Now remember I am just kinda a nubee here...

What I have found in the ym market is, their are about 4-5 bars in a good trade (5-8 minutes) then the trade starts flipping back on you and starts getting weird.

I've learned to get in, make some money (usually 7 to 20 points).
Then get the heck out before I end up giving it all back.

I guess I would consider myself a short term, nervous trader. Not sure if this is the best way to trade but this is where I am currently at.

My goal is to make $100. a day. consistently, every day. Easier said than done.

snarlyjack
More...
 
ElectricSavant,

Thanks for all your help!

I've read a lot of your messages and I agree with you. ET is the best trading forum that I have ever found. It is very informative and helpful. I enjoy my time here very much!!!

Thanks to you and all of the community of traders here.

Once again thankyou...

snarlyjack
 
Quote from snarlyjack:

ES,

Now remember I am just kinda a nubee here...

What I have found in the ym market is, their are about 4-5 bars in a good trade (5-8 minutes) then the trade starts flipping back on you and starts getting weird.

I've learned to get in, make some money (usually 7 to 20 points).
Then get the heck out before I end up giving it all back.

I guess I would consider myself a short term, nervous trader. Not sure if this is the best way to trade but this is where I am currently at.

My goal is to make $100. a day. consistently, every day. Easier said than done.

snarlyjack
More...

Have you tried this system with volatile equities such as GOOG, NUE, OIH or HANS? There are sustained moves with some of these names.
 
Javs5150,

I only trade the ym (mini dow), pure market movement.

I don't know much about individual stocks. But I would think to trade them this way a person would need to take two steps.

1). Pick your stock, watch for it to break through the macd zero line. (zero line cross)

2). Then, time the market (s & p/ dow, etc). I would think that when the (1) stock is trading through the macd zero line. (2) and when the market is breaking through the macd zero line cross you would buy or sell the stock at the market.

In my mind that is what I would be looking to do. Keep in mind that I've never done it because I don't trade individual stocks.

It would seem to me that you would have two zero line crosses
and that it would be hard to keep track of the whole thing.

Also, for the most part we are talking about short term trades. My time frame for a good trade is 2 - 5 minutes in the futures
market.

Hope this helps you...

snarlyjack
 
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