The Importance of Simplicity

Quote from Bankedout:





What's a ramp?

What's an EOB stop?


Thanks for helping,

Banker
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I believe by a ramp he means a quick favorable move in his direction.

An EOB stop is an End of Bar stop where you place your trailing stop just below the L of the bar (3min, 5, 10...) if you're long. This works well towards the end of day or after a fast ramp up or down in prices.
 
Quote from bobcathy1:

That is a really interesting site.....nice and simple. I like it! [/B]
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Note, however, that he backtested it for four weeks at the end of December '00 when the NQ was 1500 points higher. It's unlikely that you'd make 60 pts a day with it, and the chop we've been experiencing and which is a problem with MA XO systems would likely take back most or all of your profits. It would be interesting to know how it compares to the system you're currently using.

--Db
 
Cathy I'm with you. I posted a similar idea a little bit ago on the Keeping it Simple thread. The monkey thing is very similar.

It is really just a rehash of the trend within a trend concept. They all work if traded properly. I agree with your previous posts that even though the method is simple in design, the results can be enhanced by having a feel for the particular trade itself. That of course adds subjectivity, which might or might not be a good thing.

:)
 
Quote from dbphoenix:



Note, however, that he backtested it for four weeks at the end of December '00 when the NQ was 1500 points higher. It's unlikely that you'd make 60 pts a day with it, and the chop we've been experiencing and which is a problem with MA XO systems would likely take back most or all of your profits. It would be interesting to know how it compares to the system you're currently using.

--Db
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I use a 3 minute chart with a 13 minute overlay. Stochastics, previous days open, high, low, close......I use bollingers to define range, but since I use candlesticks it is not neccessary really.
I also do long term trading with the same idea on a daily chart, using the 50 and 200 MA as the larger trends.
 
Quote from bobcathy1:



I use a 3 minute chart with a 13 minute overlay. Stochastics, previous days open, high, low, close......I use bollingers to define range, but since I use candlesticks it is not neccessary really.
I also do long term trading with the same idea on a daily chart, using the 50 and 200 MA as the larger trends.
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Actually, I meant "compare" in terms of results.

--Db
 
Quote from bobcathy1:

There would probably be absolutly no difference except for the human factor of me.
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I assume you're not making 60pts a day :p

If you are . . .

--Db
 
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