Something very simplistic

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Originally posted by Quah


Gordon - Stop thinking. :) - I mean that with all due respect. At some point it may be worth considering what to do at that point - but, IMO, for now at least - we aren't far enough into this yet to even think about that. Why? Because we are not even saying we are sure of the things that would lead to needing to solve that possible problem.

Thinking like this is great - but I've noticed myself that when I start taking off with thoughts of all the possible things/ways/etc., I end up losing the original intent.
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you are so right. this has been my #1 trading problem. i have WAY too many ideas for every little nuance of trading. if x does this then maybe y should do this. then if y does this what is the optimum value of z...and i go on and on never stopping to focus on something.

anyway, i agree. i need to learn to take one thing at a time and keep my other thoughts under control..like just put them on file somewhere. heh
 
Originally posted by Gordon Gekko

anyway, i agree. i need to learn to take one thing at a time and keep my other thoughts under control..like just put them on file somewhere. heh
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Lord know's I have a notebook of scribblings of just those types of thoughts. Never fails, when I go back a week later to read them and see if they have any merit, I can't for the life of me figure out what in the hell I was talking about when I wrote them. :)
 
Originally posted by macal425


I just picked a random timeframe of every 15minutes starting at 9:45. This allowed me the occassional cigarette should I wish. It could easily have been every 10 minutes or every time my cat meowed.
It would be interesting to see the results if I shifted all trades back or forward 5 minutes.
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Hmmm. Think about how many points you'd make if you didn't feed your cat for a few days. That would be a lot of meowing. :D
 
Let me get this straight.. So you wait for the clock to strike lets say 9:33.. than at 9:33:01 you place a limit order to go long or short at the open of the newly formed bar in progress?

In my opinion if your strategy continues to work and you make a nice chunk of $ .. the brains on this thread should all get together and make an API for TWS that is customized for this type of trading plan. This would allow the novice to use your system w/o being too involved with entering and canceling orders. It should be automated as much as possible to avoid possible wrong order entries.

Overall, like I said before this is the best thread I have ever read on this site. Your strategy is simple, appears to work so far, and is unique.

--MIKE
 
Originally posted by Trend Fader
Let me get this straight.. So you wait for the clock to strike lets say 9:33.. than at 9:33:01 you place a limit order to go long or short at the open of the newly formed bar in progress?
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Yes, but of course I'm not watching the clock - just waiting for the 9:33 bar on my chart to open (which I have marked ahead of time) - and then clicking the mouse on the price, or quickly changing the price on TWS.
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Overall, like I said before this is the best thread I have ever read on this site. Your strategy is simple, appears to work so far, and is unique.

--MIKE
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Thanks - I'm glad it's generated so much discussion and interest.
 
Quah,

You made a comment about using the system on GE stock, for example, in an earlier post. I'm curious if you've used it yet in a stock, perhaps a noisy OTC with high correlation to the NDX futures or something like that...

Also, let's say the strategy one day becomes invalid for whatever reason known or unknown. How do you know to move onto something else before it erases prior gains...do you have a predetermined cutoff point and how did you arrive at that point?

I realize that question isn't unique to your system, just curious what your plan would be.

Thanks for the interesting posts.
 
NQ Trades

9:33 S 889.50 +3.00 (2:00)
9:35 S 887.00 -1.50 L 888.50 +3.50 (4:00)
9:38 L 888.50 +3 (1:00)
9:43 L 889.00 +3 (4:00)
9:51 L 895.00 -3.50 S 891.50 +3.50 (15:00)
10:04 S 889.50 +3.00 (8:00)
10:25 S 890.50 +3.00 (7:00)
10:59 L 882.00 +3.00 (11:30)

I may have missed something in your earlier posts about stops. If so, my apologies. But why did you exit the 0935 trade at -1.50? Why not let it go to the loss limit before reversing? Or did you decide to use the top of the previous bar as the stop since the trade was going against you?

--Db
 
Originally posted by dbphoenix
NQ Trades

9:33 S 889.50 +3.00 (2:00)
9:35 S 887.00 -1.50 L 888.50 +3.50 (4:00)
9:38 L 888.50 +3 (1:00)
9:43 L 889.00 +3 (4:00)
9:51 L 895.00 -3.50 S 891.50 +3.50 (15:00)
10:04 S 889.50 +3.00 (8:00)
10:25 S 890.50 +3.00 (7:00)
10:59 L 882.00 +3.00 (11:30)

I may have missed something in your earlier posts about stops. If so, my apologies. But why did you exit the 0935 trade at -1.50? Why not let it go to the loss limit before reversing? Or did you decide to use the top of the previous bar as the stop since the trade was going against you?

--Db
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Its because Quah has decided that if he is still in a trade when the next trade starts, if the next trade is in the same direction as his current trade, he just adds a new contract and manages it as a separate trade.

if it is in the opposite direction, then he flips the first trade, AND also takes the second trade.
 
Originally posted by ctrader


Its because Quah has decided that if he is still in a trade when the next trade starts, if the next trade is in the same direction as his current trade, he just adds a new contract and manages it as a separate trade.

if it is in the opposite direction, then he flips the first trade, AND also takes the second trade.
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So the 0935 trade was held because it didn't reach a 3.5pt loss and was flipped at the open of the 0938 bar?

--Db
 
I have just read thru all 35 pages and I am left with only one question for Quah.

Please, will you share the settings of your 2 minute stochastics?

I understand that I can use anything, but I want to se what you are using. Thanks.
 
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