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40yotrader
 

Registered: Oct 2002
Posts: 236

 

08-02-05 05:26 PM


Quote from ForrestGump:

40,

Very nicely done.

You entered very early on this trade. May I ask, if you are using a new method now? If I recall correctly from reading your original thread, you were adding something like 40% to 70% of the lowest of previous 5 days ATR to the opening price to get your entry signal.
Has there been a change in the market or have you simply found something that you like better?

Thanks.



Yes, this is a different system than the first one I developed in 2002. This system signals trades on the close for the following opening. I got a buy signal on the close yesterday. I've been experimenting with some discretion so I put a ladder of single limit buys below the open. Only problem was the trade was supposed to size to 6 emini's and I only got 5 filled because the market took off. Once again I proved I'm my own worst enemy.

43yotrader

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Diamondtrim
 

Registered: Mar 2004
Posts: 603

 

08-02-05 08:31 PM

Can't win them all. Had the right things just skirted out too soon. Tomorrow is another day :-)

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PatrickQ
 

Registered: May 2001
Posts: 594

 

08-02-05 08:42 PM

well DT, did super today with your filter. +420 on 13 positions, w/ only 100 shs. good market for it today. no opening fills for me today, and mid-day trading was typical.

patrick

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karsat
 

Registered: Jul 2004
Posts: 217

 

08-02-05 08:48 PM

Not a bad day though... +$178

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Diamondtrim
 

Registered: Mar 2004
Posts: 603

 

08-02-05 08:54 PM


Quote from EchoPatrick:

well DT, did super today with your filter. +420 on 13 positions, w/ only 100 shs. good market for it today. no opening fills for me today, and mid-day trading was typical.

patrick



You know its my filter if your result is 4:20 ;-)

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PatrickQ
 

Registered: May 2001
Posts: 594

 

08-02-05 08:59 PM

DT LOL. I know it sure is not me, but the filter and market climate. learning how to fade moves, when the market climate changes in the coming months fading moves is going to be the next big thing to learn and get comfortable with.

I created a basic 25% pullback from highs filter as well, whereby I put out alerts above the pullback looking for the trend to resume, and a target back to recent highs. i had a few nice trades there today.

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