Thanks for another excellent post Chris. Just a couple of things. 1. I have found the best way to avoid the Gap problem is to use Globex hours (round-the-clock) for my charting ... this way I always see what is relevant in-the-now, regardless of what has taken place before ... price rides the moving averages beautifully when you do this. 2. I have also found that expectancy is actually more important than the W:L ratio ... a high expectancy system (90%) that yields many trading opportunities with a (1 to 2:2 / Win:Loss ratio) will outperform a lower expectancy system (50%) that yields the same number of trades with a (2:1 or 3:1 / Win:Loss ratio). Saxon22's methodology is a good example of this example ... though I do admit, it is a bit extreme in its example. Good trading, JJ
Could someone give a system that works. 4 or 5 rules...entry signals..time frames. ...not gut trading silliness...real stuff that anyone can set up and use profitably..ma line crossings, for instance...most scream if u really wanted to help others you would call live trades...that helps no one....call a real coded system....never seen it done here....or other forums...ES system....
McDonald's has modernized most of their stores so now most of them have wireless access. I often take my laptop there, get a drink, and do some work for an hour or two. I generally do not eat the food--I am a bodybuilder.
Well, I have not been to one in ages. 15 years ago, they towed my Corvette from their parking lot (do not ask I had an early mid life crisis). Ever since then, I decided to never frequent that or any other Mc D. and until Friday I kept my word. As for body building, my brother was very much into it and still goes to gym 5 times a week and watches his diet like nobody I know. I myself was never into it to call myself a body builder, but I used to bench press 320 pounds. Unfortunately, that was so long ago that I probably should not even go around and boast about it. Somehow, I always got distracted by the opposite sex too much to complete my workout, and then I was introduced to tennis by a lovely Iranian woman and .... never looked back. Moreover, it is good know that you pump iron,next time I want to piss somebody off, I make sure it is not you. Good trading on Monday. Let's bleed that baby in the first hour. ES at 1484 is high and needs to be deflated a bit. Morning session should be interesting.
Quoting me on this forum have made me shy JJ. I like my system although on Friday it did not shine. The market kept going up and that is not healthy for what I do with it. I lost money in the afternoon session (took some nice profits in the morning ), but that was partly due to my pc going on strike which took me out of the market and when I was back it was too late to do much about my positions. On the other hand, the system performed very well M-TH so I am not complaining. Good trading on Monday!
mbusch how did you arrive at the target of 1484.25 ? I had it marked on my chart, too, as an untouched POC from a few sessions ago.
look up anything on divergences.then look up anything on reversion to mean. that will give u tons to think about and experiment with.
I think it's a great idea Porgie. Why don't you try reading over the past 3,000 (almost) pages and see what you can come up with. Jimmy Jam