Hi JW I think one could automate this, however I doubt an automated system could trade more profitably. I am about 50% through my own process. Can't comment about returns in this venue, sorry. I do have a small sample of trades that I will publish so folks can see what is possible. Thanks for your questions and your good work here. I attach today's chart for those interested in the morning's trades. Since the pit has thinned out considerably I am going to stop right here for the week. Nice easy day once again. Kind Regards Stevesbg
By the way, do you remember the comments by "Spectra" regarding the use of Market Profile numbers (he suggested that his "backtesting" proved it didn't work).... In the chart attached above, look at how the market tested the Value Area and then broke down, running all the way down to the Value Area Low at 882.50 (almost to the tick again). Interesting isn't it? I seem to be able to make it work just fine. Hope everyone has a nice holiday. Stevesbg
Well congrats. You already know what I think with regards to machine vs man. Thanks for the answers. I got a couple ideas from your thread too. Way cool. JW
Couldn't resist posting this one First the $DJX As can be seen, on the open the $DJX does what it often does and tests previous highs or lows (lows in this case) You could have just waited for the "test" and placed your trade off this chart (long or short depending on your own system approach).
and then the ES chart. You can see tha the ES showed strength from the beginning. If you were monitoring the $VOLD and $ADD you would have seen nice indications of buying comming into this market Plenty of places to get long (I choose to enter long at 80.25 with a 2 pt stop) Like to scale out even though it is "inferior" behavior at 2,3,5,7 and finally at 10 leaving runners in case it continues As you can see this market continued up on the news. I am still long with a few bullets left as this posts. Current Market high 92.25 and I am tempted to cash out here with a best of 20 pts.
So basically when someone disagrees with your bullshit commentary on scaling out, they lack credibility heeheh Listen champ you need to understand some thing real quick..I couldn't give shit less what you think of my credibility. If you don't like my comments, ignore them. Do you have a clear picture on your receiver now? Glad we got that cleared up
We'll need to see some real time results, most likely several months to a year to determine whether the system has merit. Let's get some real time calls in here and we can establish credibility. Thanks--Ishmael.
We? Don't make me laugh If you want to know whether a system is viable, "We" suggest you climb down off your podium and test it yourself. There "we" go, there's 30 seconds I'll never get back