out of interest andy - what was the method that didn't work? maybe if it doesnt work, i/we can come up with something that fades it??
I do not want to come up with something that doesn't work. All the journals are full of that stuff. I am working with a back testing software now and it makes it much easier to test some basic ideas this way. Some ideas seems to work if you look at them only over a short time period. But if you look at it on a longer time frame you see it was just pure luck to make some $. But also the opposite is possible of course. Happy trading, Andy
Andy, Just spent the last few days looking over your thread and the ross method. I am wondering if you ever post any charts or could you to show us what you are seeing after a trade. It would be very hrlpful if possible. Thank you.
The problem Scott is I did a lot of 3 and 10 min. trading in the past and it was just too much time for me to prepare some charts. Now, trading the 60 min. it might be possible....but do not want to make any promise. Happy trading, Andy
Todayâs Day Trading â 05/09 No trades today! The markets I am trading are in a trading range at the moment...this is really a problem! The RH's and 1-2-3's work in trending markets. At the moment you don't have any trend it's better to stay out of any trade. I am testing different ideas at the moment regarding trading in sideways markets. Maybe I can come up with something usefully the next few weeks. I am pretty new to use the testing software, so it will take a while In the meantime I trade my spreads (the best way to trade todays markets anyway). Happy trading Andy
Todayâs Day Trading â 05/10 Mini Russell 60 minutes: 10:30am â Short TTE (RH) at 5970, stop/first target 10 ticks â covered first lot at 5960, second at b/e. Results of today: +10 ticks (+$100) 1 trade Here are the results for this month: May: Euro FX: -8 ticks (-$100) 5 trades Mini Russell: +10 ticks (+$100) 2 trades To be consistent with my recordings I add my monthly summary (hypothetical result due to 2 contracts): April: Euro FX: +0 ticks (+0) 19 trades Mini Dow: -40 ticks (-$200) 15 trade Mini Russell: +8 ticks (+$80) 12 trades Mini Russell new method: +48 ticks (+$480) 5 trades March: Euro FX: +38 ticks (+$475) 32 trades Mini Dow: -20 ticks (-$100) 4 trades Mini Russell: +12 ticks (+$120) 7 trades February: Euro FX: +103 ticks (+$1362.50) 37 trades Mini Dow: -10 ticks (-$50) 13 trades Mini Russell: +55 ticks (+$550) 12 trades January: Euro FX: +76 ticks (+$950) 23 trades Mini Dow: -46 ticks (-$230) 9 trades Mini Russell: +120 ticks (+$120) 3 trades
Todayâs Day Trading â 05/12 Euro FX 60 minutes: 9:20am â Short TTE (RH) at 12707, first target/stop 10 ticks â all out at 12717. Results of today: -20 ticks (-$250) 1 trade Todayâs Day Trading â 05/13 Mini Russell 60 minutes: 11:30am â Short TTE (RH) at 5875, initial target/stop 10 ticks â covered first lot at 5865, second at 5810. Results of today: +75 ticks (+$750) 1 trade Here are the results for this month: May: Euro FX: -28 ticks (-$350) 6 trades Mini Russell: +85 ticks (+$850) 3 trades To be consistent with my recordings I add my monthly summary (hypothetical result due to 2 contracts): April: Euro FX: +0 ticks (+0) 19 trades Mini Dow: -40 ticks (-$200) 15 trade Mini Russell: +8 ticks (+$80) 12 trades Mini Russell new method: +48 ticks (+$480) 5 trades March: Euro FX: +38 ticks (+$475) 32 trades Mini Dow: -20 ticks (-$100) 4 trades Mini Russell: +12 ticks (+$120) 7 trades February: Euro FX: +103 ticks (+$1362.50) 37 trades Mini Dow: -10 ticks (-$50) 13 trades Mini Russell: +55 ticks (+$550) 12 trades January: Euro FX: +76 ticks (+$950) 23 trades Mini Dow: -46 ticks (-$230) 9 trades Mini Russell: +120 ticks (+$120) 3 trades