What Was The Most Simple Edge That Worked For You?
- Thread starter PCanyon
- Start date
Is there really such a animal as an edge? What is a solid definition of an edge? (for trading?)
How many times have others said it is not wise to reveal a SECRET? What exactly is a secret? What has anyone ever come up with that solves the mkts puzzle?
Figments of ones imagination is not exactly a secret. Things that work for an individual are just that, nothing else.
Like the question stated says: "That worked for you". I could tell you what works for me, that is NOT my edge, it is just what works for me, period.
The sooner new traders quit trying to reinvent the wheel, the sooner they will make money.
There AIN"T no stupid edge, just like the Mexican guy in the movie said: "I got you stinking badge, here is you stinking BADGE"
Good luck, happy hunting......
How many times have others said it is not wise to reveal a SECRET? What exactly is a secret? What has anyone ever come up with that solves the mkts puzzle?
Figments of ones imagination is not exactly a secret. Things that work for an individual are just that, nothing else.
Like the question stated says: "That worked for you". I could tell you what works for me, that is NOT my edge, it is just what works for me, period.
The sooner new traders quit trying to reinvent the wheel, the sooner they will make money.
There AIN"T no stupid edge, just like the Mexican guy in the movie said: "I got you stinking badge, here is you stinking BADGE"
Good luck, happy hunting......
===============
PCcan;
Dont know of any '' most simple edge'' that works consistantly [Volente said 3 helpful ones ];
however quite a few little ones converged work together ,like
Market Makers Edge-by Joshua Lukeman is full of them.
I can't believe no one has said crossed market.
All the suggestions seem have nothing to do with Edge. The definition of an edge is found here:
http://www.m-w.com/dictionary/edge
Or here:
http://dictionary.cambridge.org/define.asp?key=24778&dict=CALD
By its definition, it must have something to do with cut. Then we use edge to cut either losses or gains, obviously cutting losses. The answer to the question is the ability to cut losses. That's an edge.
LOL.
http://www.m-w.com/dictionary/edge
Or here:
http://dictionary.cambridge.org/define.asp?key=24778&dict=CALD
By its definition, it must have something to do with cut. Then we use edge to cut either losses or gains, obviously cutting losses. The answer to the question is the ability to cut losses. That's an edge.
LOL.There are some really nice ones that occur daily. From your post, you are suggesting commodities types of edges.
What makes an edge the simplest is the exit.
If you space the day out into several portions, you can count on a few in each portion. And they work in an assortment of differing futures indexes.
For stocks, it is much easier, in the sense of the time available, for making decisions, especially the exit.
The best manner for explaining the above is to do it in real time slightly ahead of the market. It doesn't look like ET has the arrangements for doing this as yet. If this becomes a popular type of quest maybe a capability can be arranged.
Yes, I shorted the S&P on 10/16 on the money supply trade and made over $9000 on 1 contract. The money supply trade was a day trade and so I had covered and exited on Friday's close.
In addition to the money supply trade I remember being short the S&P on Black Monday (10/19) as I was trading a short term volatility breakout portfolio. Can't recall if I went short 10/16 or if I was short before that. The portfolio traded S&P, Bonds, Silver and Beans.
That day changed everything, many systems that had worked eventually stopped.
The news increase the volatility, but the market goes its way anyway.
Commentators always explain postmortem the market's action interpreting the news, but if you pay attention you'll see that after a few jitters the market will go where it was already headed. It'll just reach a local top / bottom a little earlier or a little later than without those news.
If you look back, even 9/11 was a jitter for the market: it was already headed downwards.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1023159>
Commentators always explain postmortem the market's action interpreting the news, but if you pay attention you'll see that after a few jitters the market will go where it was already headed. It'll just reach a local top / bottom a little earlier or a little later than without those news.
If you look back, even 9/11 was a jitter for the market: it was already headed downwards.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1023159>