tampa's "short skirt" trades...

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Originally posted by nkhoi
"Whatever amount of capital you use to trade with, follow this rule: Divide your capital into 10 equal parts and never risk more than 10% of your capital on any one trade. Should you lose for 3 consecutive times, then reduce your trading unit and only risk 10% of your remaining capital. If you follow this rule, your success is sure." - W. D. Gann
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"a penny saved is a penny earned"
B Franklyn

But what does that have to do with the Rule of 44?
 
Did anyone else notice that the ES last traded 806?

And what is 806/44?

18.318

And is not the 18th wave of 44 the "death Wave"?

Is anyone familiar enough with this stuff able to confirm?
 
Tampa

Very glad to hear you're making some progress. I have held to my plan for two weeks now so no need to start a journal yet. Still taking it one day at a time as they say in AA. I actually turned off my computer and went fishing when I hit my daily stop loss Thursday. First time ever. Made it back Friday and then some.:)
 
Originally posted by easyrider
Tampa

Very glad to hear you're making some progress. I have held to my plan for two weeks now so no need to start a journal yet. Still taking it one day at a time as they say in AA. I actually turned off my computer and went fishing when I hit my daily stop loss Thursday. First time ever. Made it back Friday and then some.:)
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Way to go, easy!!!
 
Originally posted by nkhoi
just throw in money management rule since you mention Gann.
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That's cool - sorry if I misunderstood.

Not too many people know about the Rulle of 44, and I thought that you were pulling my leg:)
 
A couple of minor revisions for trading on Monday.

Substitute the Double 6.371 EMA for the 5 EMA on the one-minute chart.

Consider adding to the trade on a penetration of a Ross Hook. (Optional – really optional. Need to do some more work on this one)


BTW – look out for 814, as it is the 18.5 wave of 44. This should be a make or brake point in the ES – that is assuming that I am looking at the Rule of 44 properly.

I could use some guidence from more experienced traders on this 44 thing, but it looks really interesting.
 
Tampa,

You can export IB executions to a "something" delimited format, then copy this into an Excel spreadsheet. Do a "text to columns" conversion and you have a spreadsheet that is very easy to manipulate any way you want.

This is a very quick process after you get used to it.

See my thread for examples.

I would be more specific, but I can't get IB up this morning.
 
Originally posted by TonySanDiego
Tampa,

You can export IB executions to a "something" delimited format, then copy this into an Excel spreadsheet. Do a "text to columns" conversion and you have a spreadsheet that is very easy to manipulate any way you want.

This is a very quick process after you get used to it.

See my thread for examples.

I would be more specific, but I can't get IB up this morning.
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Thanx, Tony.

I'll try to play with it later this weekend.
 
That's it. I'm not posting any more on these subjects till my results on Monday evening. All I get is ridicule from people like profitseer. Have a good weekend everyone.
 
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