Quah This is my favorite thread. You have a very unique idea here, I 'm thankful you decided to share it with us all. No trite psychobabble masking the real questions related to trading. There are enough detailed specifics presented here so that anyone can test the trading plan. Also plenty of ideas for possible improvements thrown in by others as well. Great effort all. This is a pioneering thread on ET and I hope this is a sign of things to come.
Ctrader explained it correctly. Since I was still in the 9:35 trade when te 9:38 trade hit, I keep both trades - but this time the 9:38 was in the opposite direction, so I reversed it at that point - which left me with a -1.50 on it.
Thanks for the comments. No, I haven't used this with any stocks - not sure if it would work or not. I suspect it wouldn't work on anything that doesn't move as much as ES/NQ. My comment earlier wasn't about using the system on GE stock - I was talking about the possibility of using something like GE as the indicator for deciding which way to go. (I haven't done that, just talking..). I have no plan for what to do when or how to decide when the system no longer works (assuming I can decide that it actually does work). Haven't really thought about it .
Quah perhaps you didn't see the last post on page 35. Having read thru all 35 pages last nite, I didn't see the settings you use for your stochastic indicator. As I stated, I know that I coulduse anything, but I would like to see what you are using. Would you please share your stochastic settings? Thank you!
Very lovely, thank you Quah. I thought it might be something longer like that. You don't seem to be a herky jerky kind of guy the shorter 5's and 3's would produce. I admire the detailed simplicity with which you have managed to explain your ideas. And your willingness post replies to all comers has been extraordinary. Thank you for your hard work and patience.
Let me get this straight : So now not only does the indicator not matter, it's possible to be profitable even if you take the opposite of what your indicator tells you, since when you lose on a trade, its ok to double up and reverse no matter that your next signal is not for another X minutes? If your original setup was profitable, I wouldn't touch it; if your system needs to have SAR double downs to make up for losers -- well, you can kinda see which road this is taking. I never thought your edge from this "system" was ever really conveyed, and after reading these last posts -- well, I honestly think you don't have one. But since you and others in this thread seem only interested in end results and not the means, why not try something called the Martingale System? I'm sure if you posted the results from that kind of system, everyday will be a guaranteed winner . . .
No, I don't think I said that anywhere - nor did anyone else. Maybe you are being confused by the discussion - nothing has changed about how I'm trading the system. I never said the system needed SAR double downs to make up for losers - in fact, if you follow my trades, I haven't doubled down even once. Have I? You are obviously missing the point. If you'd like to try the Martingale system, be my guest. Like you said above, if the system is profitable, why change it? Therefore, why would I want to try the Martingale system?
Sorry, just want to clarify Quah -- you may have some edge in the way you read and trade from your indicator, but I don't think this edge can be emulated by others.