you are confusing me with the facts Mr. Subliminal. How am I supposed to be blissfully ignorant with stuff like that on this board ? Aren't we all supposed to churn like madmen and hope ?
CNBC is to be commended for its interview with market astrologist Arch Crawford (www.astromoney.com) on Thursday evening's Technically Speaking segment of Business Center, who presented solid and irrefutable proof that intergalactic movements do in fact influence the markets. I mention this because Ron Insana called me last week requesting my appearance for the August 15th segment - news of success certainly travels fast. Now that I intend going public with it, I see no harm in revealing certain aspects of my trading system. My little dachshund, Mookie, has slept at my feet since he was a pup. About two years ago I noticed a connection between the dog's early morning behavior and the subsequent daily market trend but couldn't quite put my finger on it. I started collating statistics and after some innovative data mining and extensive back-testing, I developed a system which was as powerful as it was simple. Each morning upon awakening, if Mookie was licking his b@lls, I would only play the short side, selling into every rally. If, on the other hand, he was licking my b@lls, I would buy every dip in what would, more often than not, turn out to be a strongly uptrending day. The perverted perfectionists among you are probably wondering if I covered the other 2 combinatorical possibilities - can you say 6-sigma event?
Provides me with another smile early in the morning whilest trying to get the needle in my arm for the daily IV drip of coffee. Never know what to expect from Mr. S and I like it that way! Bsulli
Ahhh Mr. Subliminal, if I only had a Mookie, on those uptrending days who would even need to play the market?
I opened an account with Advanced Futures to trade the e-minis using the X_Trader platform. The s/w was installed on Friday and I spent yesterday familiarizing myself both with it and the gyrations of the ES and NQ contracts. This morning I decided to get my feet wet with 1 ES contract using a tight 2 point stop loss and profit target (1:1) - my focus was on the mechanics of execution. The profit target was entered immediately upon entry, while the stop was mental. Coming from the old hotkey Watcher school, I was pleasantly surprised by the ergonomic and functional ease of mouse clicking that the s/w affords, and even though it has hotkey capability, at this stage it appears I will stick with the rodent. Executions were fast and the connection stable. After 5 round trips I quit trading for the day. +5.50 pts / 5 RT
Sweet MS!! Let me know if you breed Mookie. Put me down for the pick of the litter. (should have tried this with a child instead of taking the hand I was dealt) RS
I have the highest regard for stock777's sense of humor, so it was rather strange that I took him literally this morning. After my first trade went against me, instead of closing out I bought another contract. Instead of closing out the error, I mistakenly bought yet another contract. So I'm long 3 ES. I corrected this, and it wasn't long before I did the same thing with 2 contracts. I kept my stops tight, but this didn't prevent me from being down 20 points. I then embraced the error and traded 3 contracts in an effort to scalp my way back, with the intention of quitting trading if I got to -22 points. Fast forward to 11:54am, I've done 90 round trips (3-contract trades) and am down 0.25 points - time to quit for the day. Still feeling my way around with the software, the instrument and my style. Not that it's a consolation, but this frenetic scalping would have cost me about 6 grand in commissions on the Nasdaq (instead of $441). My spirits are high and I'm treating myself to an evening out with a very nice lady in need of some grandfathering. -0.25 pts / 90 RT (Will attach 36 trades (1 full screen) - more than enough - when I get the file down below the maximum of 100Kb)