Simple Profitable Method

[Mo06]

"12,645 (short) 12,625 (liquidate) 20 points, = $100.00"

Snarly, what was the R value of the trade ?

I mean profit / risk.

If you risked 20 points to make 20, R = +1.

Useful to monitor R IMO.

3 R profit per day is good going.

 

[snarlyjack]

Mo06,

Good question, what was the Profit to risk figure?

I have no idea what it was... or how to figure it out.

Profit to risk...(?) It would be great to know this!!!
(should I take the trade or not depending on the profit to risk #).

Please explain how do I figure it out!!!

Thanks

snarlyjack

 

[sweetdeez]

Quote from snarlyjack:



If the bottom starts to fall out...

Wait for a pull back over the SMA3 +2 horizontial shift,
then when it starts dropping through the M.A. place your
short.

snarlyjack

when the SMA3+2 drops through which M.A. ?

 

[Mo06]

Snarly, thinking in terms of 'R' values is very simple.

I risk 12 points on each of 3 trades, therefore 12 points = R.

Trade 1 makes 24 points profit, = +2R

Trade 2 loses 12 points (stop level) = -1R

Trade 3 makes 6 points = +0.5R

Net result is +1.5R

Same whether R = $50 or $50,000.

Not my idea, it's from Van Tharp's book.

The idea is, if you can consistently make say 10 R per week, the actual $ value of R can be increased, but you can still measure trading profitability in terms of R.

Simple really.

 

[snarlyjack]

Sweetdeez,

If you look at my chart, you will see a moving average going
through the prices.

But this is a special moving average, not just any run of the
mill moving average.

It took Trader28 5 months explaining it to me!

Certain programs have "kwikpop" moving averages...It is
SMA3 + 2 horizontal shift on your charting software.

Anyway, wait for prices to up back up to/or "through" the SMA3
+2 moving average (kwikpop). Then when they fall through
the moving average, short the market at that point. That is
your 2nd chance reentry point.

Trader28 can explain it better than I. This is Trader28's
baby and he is a good teacher.

Hope this helps you a little bit.

snarlyjack

 

[snarlyjack]

Mo06,

Thanks for the "R' value.

Very good idea.

It will tell you how your doing on risk value term's.

Thanks

snarlyjack

 

[Charly]

Quote from snarlyjack:
Well if this does not help AND explain
vitually everything I don't know what
else can be done by "snarly".

Snarly - I experimented a bit with
the RSI 2 and would suggest to try
smoothing it a bit.
Though I trade different futures I find
the RSI quite helpful.

I wish I had such parameters as you have for tick trading (say from 10 - 25 t)
or half or quarter minutes I would be
more than pleased.
My new software provides either facility
and according to my first impressions the ticks might be the winners.

May be someone else has tested it before me.

Charly


~~~~~~~~~~~~~~~~~~~~~~
1). Buy when the macd crosses the zero line.
2). Sell when the Stoch rollover and crosses over.

I didn't count the points but by visually looking at it a trader
would have made money.

So in my mind the buy is the Macd cross of the zero line.
The sell is the Stoch rollover.

Now we have a buy and sell position.

See enclosed chart.

snarlyjack [/B]

 

[traderdragon2]

I doubt the mech guys will do this. Why attract more sharks to the kill???? I know a few 100% mech guys out there making a killing, day in and day out, and they have nothing to prove and certainly dont want to share a single bit of info that they worked so hard to gain and spent so many years and hundreds of thousands of lines of code on. For what? Just to see their edge fade as they attract more people to the game???

Ive learned this game and have the tech skills to pull it off and am now reaping in the profits. When my accounts grow large enough, maybe ill get an audit and prove it the world, but why? Id rather stay under cover, and keep collecting the profits.

I just woke up and checked on the computers, here is a snapshot of todays action so far.

I dont visit here often enough to post consistently, and dont care too. Im too busy working on my systems Why would I want to attract more sharks with a monthy summary???

All I can say is, you guys here playing with SMA's, EMA's and MACD's are like a bunch of kids trying to use tonka trucks to excavate the foundation of a new office building. :eek:

You havent even started with the real work yet. At least do what austin did and backtest the hell out of the market so you can learn its nature, even if you dont go 100% mech.

Quote from austinp:

<b>Steve</b>, you are absolutely right about my total disinterest in mechanical systems. I've spent enough time in that world on the retail trader's side to satiate any personal desire at this time.

If by chance we see someone post real time, eye-popping results in P&L 2007 thread from a <b>100% mechanical, hands-off, let it run and never look at the charts for an instant all month</b> system, I'll surely reconsider my current stance.

 

[traderdragon2]

Graphic didnt attach.
Another day, another dollar. Ho hum.

 

[steve46]

So basically you're here to tell people they don't know what they are doing. You have it down, and you're going to show us how much money you made today.

You say you have no inclination to post consistently yet you have time to post this crap (nice photoshop job by the way).

I am sure you have heard this before and with your sparkling personality and way of expressing yourself, you will again.

You're a pretentious asshole.

Are we clear?

Ho Hum

Steve