tampa's "short skirt" trades...

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Quote from tampa:

As a gesture of goodwill, and in the spirit of sharing – one for all and all for one – I will release, and fully disclose my renowned trading system – the tampa technique. The same method used in my chat room, and that has brought thousands riches beyond their wildest expectations. After many years of hard work, and exhaustive back testing, I have developed a system that is a cash cow – a virtual ATM machine. And what’s even more special, I will share it with you – at no charge, and without any obligation.

Setup is as follows -

1 Min chart (waiting to test on tick charts when Q finally gets them)
20,2.2 Bollinger Bands
20 period EMA
5,2,1 Stochastic 85,15
20,3,1 Stochastic 85,15

STRICT rule entries -

Short setup - only two conditions MUST be met, well actually three -

1. Price penetrates the BB band on the upside.

2. The 5,2,1 is above the 85

3. Price must move below the bar that penetrated the BB band (the previous high bar) by one tick, and NOT also create a new high.

A sell order LIMIT is placed at the low of the previous bar - can also be placed one tick below - matter of choice - the limit will miss a few moves..but....immediately (if not sooner) upon fill a target and stop are placed; this is why a trading software like BT is nice (What happened to Jasper - was looking forward to trying it?)

Using BrackeTrader a target is set for 1 point and a stop is also set for 1 point. However I will often hit the smaller target button if price does not go my way QUICKLY! This is a scalp after all and any profit is a good trade. I do not trail stops or move them. I may widen an initial stop to a max of 1.25 if the high of the bar so dictates.

A buy is exactly the opposite.

Very simple, yes?Thoughts, questions, comments.

I am doing this decent thing because I have always been a straight shooter – in fact, you could say, straight as an arrow. Sharing has always been a part of my life, and it continues to this day.

I like this - is it copyrighted or may I plagerize it?

Make 'em pretty, Chris
 
Quote from DblArrow:



I like this - is it copyrighted or may I plagerize it?

Make 'em pretty, Chris

Actually, another member (Mister Subliminal) pointed out a few, though relatively insignificant similarities between my method and one he says you use. Please feel free to utilize any thing from my hard work that might make yours better.

And of course, free of charge.

BTW - I am working on another system, it will be something very simplistic, I assure you.
 
I, too, have had trouble with your website. When will it be up again?

I became a member of your website in November and have profited $94,000 (after commissions without pyramiding) with six trades starting with $200. I now have the money for the 3 year subscription to save the ten bucks.


(Hypothetical or simulated performance results have certain inherent limitations.Simulated results do not represent actual trading. VictorS is a paid endorser of www.tradingwithtampa.com.)

Tampa please send 15% of all new subscriptions hereafter.
 
I am a bit disheartened this morning. I still have 219 of Jake’s books to read, and I just did a quick calculation. If I bought the various software, CD’s, chart books, graphs, newsletters, and services he offers in the books I’ve read so far, I’d be out another $226,119.53, plus shipping. I really don’t think that would go over too well with the little woman – know what I mean?

Well I’ve got to get ready for what I just know will be a big day in the market – I’ll fill you in later.




A personal note to: VictorS.
Your check is in the mail. Of course this is the Holiday Season, and delays in delivery can be expected. Check back in a few months if you still have not received it, and we will put a trace on it.
 
So I’m sitting here trading up a storm, making money hand over fist -–the wife is happier then I’ve seen her since my hard disk crashed, and I couldn’t trade for a week.

All of a sudden I hear this big thump noise out front. I run to the door, and look out just in time to see some guy carrying a 6’ bow getting into his car and driving off. He sure looked angry, and kind of grumpy. Slowly I open the door, and find a piece of paper tacked up there, with a very nice homemade arrow. It’s some kind of a legal document called a Cease and Desist – very official looking, I might add.

I think he could have just slid it under the door, but...

Does anyone know anything about these things?

09:38 Bot @ 926 ½ +1/4
10:02 Bot @ 924 +1
10:26 Sld @ 926 ½ -3/4


$10.60 (after commissions)

( The wife wants me to point out that I could have done better down at the Blood Bank. )
 
Quote from tampa:



All of a sudden I hear this big thump noise out front. I run to the door, and look out just in time to see some guy carrying a 6’ bow getting into his car and driving off. He sure looked angry, and kind of grumpy. Slowly I open the door, and find a piece of paper tacked up there, with a very nice homemade arrow. It’s some kind of a legal document called a Cease and Desist – very official looking, I might add.


Be very, very, happy it was not the standard flaming arrow!

Is that a veiled threat? I heard him ask.

Yours Truely, DblArrow ( as in two )

P.S. A commisson check can be sent to the proper location to ensure your safety while trading.
 
I am at a complete loss for words. There has been a terrible mistake. The other day some tradesmen were doing work at my house, and apparently, inadvertently, did something that rewrote some key files on my computer. I CAN THINK OF NO OTHER POSSIBILITY.

Foolishly I posted without proof reading the text. I am grateful to fellow ET member Mister Subliminal, and his eagle eye for spotting the error.

Below you will find the text I meant to post – the secret of the tampa technique. I sincerely hope that this little mix up has not been an inconvenience.

Here is the system:

1. Use a minute bar chart

2. Trades will be entered only at specific times - they will be entered at the opening price of the following bars after the open - 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377. So, on a normal 9:30 open, trades would take place at 9:33, 9:35, 9:38, 9:43, 9:51, 10:04, 10:25, 10:59, 11:54, 13:23, and 15:47.

3. Use any indicator you like to decide if you will go long or short - doesn't really matter - I use stochastics. Almost anything will work - even something as simple as going in the direction of the previous bar.

4. Once you are filled at the opening price of the bar, enter a limit order to close your position +1.

5. Enter a stop at -1.25. You can reverse at the stop and enter a limit order to close that position at +1.25, leaving you at B/E for that bar's trade (less commish of course).

That's about it.
 
Sometimes it seems like I’m the only guy on ET losing money. One guy, who calls himself Sarasota says he averages better than 10 ES points a day – averages better than 10 points a day. Oh man. If I could do that with seven or eight contracts, I’d be even in nine, maybe ten years.

And then I came across this thread that said, why not do the exact opposite of what you wanted to do? (Sound of my palm slamming against my forehead.) That’s gotta be the smartest thing I’ve ever heard. That’s the ticket – no doubt about it.

So I see this set up that’s screaming buy me – so I sold it. Prices shot up, big time. To make a long story short, this happened 13 times in a row - today. It was my best winning streak ever – and I was on the other side of the trade every single time.

So now I’m thinking that when I see a setup I want to buy, instead of selling it, I can outsmart the market by doing the exact opposite of the opposite of what I would have done.

Is anybody trading this way? Are you making good money doing it? And how do you keep track of what you wanted to do in the first place?
 
Tampa...
This is defiantly one of the weirdest trade setups I have seen.
Do you make money at this? I do not mean to be critical.
That is a hell of a lot of trades for one day. Take a look at the Chimp. You can do this kind of scalping with it and have a better chance of success.
Strange looking vehicle. All entries and no exits. Kind of like a Pinto or a Corvair.
I try to get more mileage out of my entries. Few points profits, one point loss.
Cathy
 
Quote from bobcathy1:

Tampa...
Strange looking vehicle. All entries and no exits.

Cathy

Well, to this point, exits have been of no real concern - the Margin Clerk at my brokerage gets me out of most of them. That way I don't have to bother with stops, or anyhing. It works quite well for me.
 
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