Registered: Dec 2008
10-16-09 11:53 AM
This method is a losing method, but very small loser on average on the long term.
It trades ES only.
It makes only 1 trade per day.
It trades everyday.
It outperforms 95% of all traders.
It can be improved.
Everyday at 16:00 EST I go out of the office, give a coin to a beggar in the street with the condition that he has to toss it hard in the ground, and then he can pick it up and keep it.
If the coin comes out heads, method goes LONG ES at 16:15, if the coin comes out tails, method goes short at 16:15.
The standard exit is on the next trading day close at 16:15 (unless coin comes up in the same direction, which allows for saving some commissions by matching the exit with the next entry).
The METHOD embraces a 1 full day risk, which is, in theory, open ended on the short side, and very large on the long side.
The intention of this thread is to improve logically from this, by definition, 50-50 minus commissions LOSING METHOD.
Yesterday coin toss: TAILS. Short at 1090.
Please discuss, flame, whatever you like. All crap is allowed in this thread. No holds barred. Fire away!.