How do YOU come up with trading ideas?

Within the structure of my rules, yes.

Very well.

 

Yes but wouldn't you say that out 9 out of 10 of the ideas you can come up with you will not use because it would require you optimize the crap out of them and curve fit, thus making them unfit for real trading? And what really constitutes a new idea? Changing the parameters or adding some new condition isn't really a new idea. Afterall, the market can only really do 3 things- up, down, sideways. So profitable traders trading the same timeframe and same trading style aren't really doing anything different even though their exact entry and exit parameters might be slightly different.

 

Would you say that is the case because you rules can't be defined precisely enough to be used by a computer? Because if not, why wouldn't you make a fully automated system with those same rules?

Sorry I meant to ask how long have they worked well for you in their current state

 

Only if you are talking about ideas for single trades, then maybe, I don't know. I highly doubt anyone can make a living trading like this though.

 

Why would I want to do that?

About 15 yrs.

 

Well, since you mentioned that you get bored and understandably since I imagine you just look for the same setups everyday. if you automated it you could do other things even if it's inside your house. You could just keep an eye on it through out the day

So you haven't made any adjustment to the structure of your rules for that long?

 

That's like saying buy low, sell high.

 

altucher teaches how to get ideas,

http://www.jamesaltucher.com/2014/05/the-ultimate-guide-for-becoming-an-idea-machine/

 

What DB says is impossible, he is clearly making this up and or exagerating. the markets have changed radically, the structure itself is different, therefore what he says CAN NOT be true.

 

The trading itself is interesting, but watching it unfold is pedestrian. This morning, for example, the trading was done by 0940. All that was left was for price to reach the end of its run. And I only trade for 90-120m, so I have plenty of time to do other things.

No.

You're welcome to try and code the rules if you like. They're on p13 or so: www.traderslaboratory.com/forums/wyckoff-forum/16270-if-you-can-draw-straight-line.html#post179217