http://web.archive.org/web/20051123162205/http://www.maoxian.com/archivecat.html#QA Trading for Dummies: I used the TfD system on stocks (thanks Maoxian) and achieved a 168% return in 1.5 years with a 45% win rate. I don't trade this exact same way with futures, and I am in the process of forward my adaptation, but it taught me a few things. This system works! Check it out on the way back machine.
I like the 15' time frame for day trading. I see a lot of people bemoaning program trading and others - programmers - heralding it as the only way to make money. I heard these same arguments in 2004. Trend trading is also an option. In fact that is what I am basing my comeback on. Btw, wasn't Long Term Capital Management run by PHDs?
Backwardation? Contango? Wtf? I guess this is showing Contango. Higher price because of storage costs. However, what I find noteworthy is that the patterns are similar. This doesn't factor in to the day trading scenario, but it is something I am keeping an eye on as I attempt to make long tetm crude plays in the future.
Long QM. Close position at 3:30 est if stop is not hit. Stop is under the consolidation. Paper trade.
Week 2 results $105 gain. Largest winning streak since inception, 2. Largest losing streak since inception, 1. Best winning percentage, 100%, week one. Most profitable week, $390, week one. Losing weeks, none.