kserra's emini trades

I wonder what came of this case against poor Donald Trivette.
Here is the last paragraph of the CFTC news release on Don:

"A hearing is scheduled for April 20, 1999, concerning the CFTC's request for an asset freeze and a temporary restraining order. In its continuing litigation, the CFTC is also seeking preliminary and permanent injunctions and other remedial relief, including restitution to customers and civil monetary penalties".

Doesn't exactly say he was thrown in prison for 10 years, ect...

 

Not nice; now how am I going to collect my $5,000,000 ...

 

Create a system that works. Then, work it. KISS is the best approach....All the crutches we look for are detrimental to our trading. Good Luck.....Your ideas will eventually be the best you will find...Commit yourself to years of study and backtesting if necessary, and you will make it.

ONE THING THAT JUMPS OUT ON YOUR CHARTS....NO SEVERITY OF ANGLES....

 

Traded real well today. Over the past week or two I feel I have come up with some really solid systems. I will briefly outline the systems I have been using here, but will eventually incorporate them into my trading plan. All trades listed here are paper trades

Trade #1: short @ 1135.75, cover @ 1134.75 + 1 pt

7:01: This trade was taken off the system I have been working on the most as of late. The system is a range break of the first fifteen minutes. I originally stole the idea from Kevin Ho's 15 min range break out scalp. Basically when the range of the first fifteen minutes is broken by 2 ticks in either direction enter with a buy/sell stop, the trade is held for one minute. If the trade is not profitable within one minute, get out of the trade. A 1 pt stop loss is used, and the trade is taken off when a 1 pt profit presents itself. Pretty easy stuff on this one

Trade #2: short @ 1142.75, stop @ 1144.25, cover @ 1139.25 +3.5 pts

7:33: This trade was taken off one of the other methods I have been experimenting with. It basically is a variation of the turtle soup method that capitalizes on false breakouts. Basically I look for the following:

Entries: Draw two lines after the first hour (give or take a few minutes) of trading has formed
on a break of one of these two lines look to enter in the reverse direction of the break
The market must extend itself at least .75 of a point from the breakout line, two ticks below
the original break point.
Exit: stop should be set to 1 tick above the recent of the high of the failed breakout, the exit point is 2 times the value
of the stop

Anyways that sums it up to make it simple, here I followed the rules really well ended up in a good profit.

Trade #3 :Short @ 1141.25, stop @ 1143.25, cover @ 1137.25 + 4 pts

10:51: This trade was taken off a pattern I have noticed that occurs during the lunch hour. During this time a range will usually form, there is usually some sort of attempt to break that range. About half the time this range is broken it ends in a false breakout. Using similar rules as described in the above trading methodology I took at short.

Trade #4: Long @ 1134.75, cover @ 1137.75, +3 pts

11:45: Took this trade based on the false breakout method. Placed a stop at 1133.25, and a sell stop @ 1137.75, actually fell asleep during this trade and woke up to a nice surprise.


11.5 pts on the day (only trading 1 contract!!!)

11.5 pts gross

Well what a nice day for trading, obviously everyday is not going to be this good. But today was one of those days that was quite good and I was able to captalize on it. With my new rules, it is difficult to violate my discipline, because it is so plain and clear to me now when I am violating my discipline. Anyways Im going to continue to keep optimizing this methodology and will likely include some sort of trailing stop, to make sure I am able to get a lot of the big winners.

 

Hey, it's great to see you post things like +4 on a trade. This tells me you've developed an exit strategy and are sticking to it. Nice job!

p.s. next thing you may notice, is when your rules say "exit", it is often time to reverse

 

Did not trade today, too busy with exams same will go for tomorrow.

There were two trades however triggered by the system today:

8:15: short @ 1143, stop @ 1145, cover @ 1139 + 4 pts

8:42: long @ 1139.25, stop @ 1137.25, cover @ 1143.25 + 4 pts

Both would have been great signals to take and they were the only signals to take today. I believe that the reason the system seems to be on a hot streak as of late is because of the fact that the market has become quite rangebound and indecisive lately, I would not expect this type of performance on a regular basis, nearly 20 points on one contract in two days is quite execptional.

 

Good systems are as numerous as traders...successful realtime traders are few and far between. Do you recall the pressure of
being in the trade when the money was real? It is more psychological as you progress....I truly wish you the best....Who's in control? THE ONE WHO PULLS THE TRIGGER.....IF YOUR CURRENT SYSTEM WORKS, LEAVE IT ALONE AND TRADE IT....

 

Have been very busy with school as of late, but I still have found time to trade this new system, and am still in the process of developing rules for the system. Results from the past week are as follows

2-26-04

Short @ 1141.75, cover @ 1145 -3.25 pt

2-27-04

Long @ 1145, cover @ 1146.00, +1 pt

3-1-04

Long @ 1148.5, cover @ 1152.5 +4 pts

3-2-04

Long @ 1153.75, cover @ 1154.75 + 1 pt

3-3-04

no trades

Gross since inception ( 2/24/04 ) 22.25 pts

 

Are u gonna share the rules of this system?