SPM discussions

Discussion in 'Strategy Building' started by Jahajee, Oct 22, 2008.

  1. Jahajee -

    What are your exits based on?
     
    #161     Oct 28, 2008
  2. Sorry guy, but your entrance is late as hell.

    That's the main problem the less experienced (and those who don't know how to trade the MACD) are encountering.

    You're not looking at price action, and you're not taking the setups as Trader28 has described them, so the only way your trades can work is for the market to "carry you".
     
    #162     Oct 28, 2008
  3. I'll read thru and try some more. But hey, at least I'm here and not trying to trade something like a

    Complicated Retarded And Profit Regressive system, otherwise known as

    The CRAPR!
     
    #163     Oct 28, 2008
  4. Riding them with you
     
    #164     Oct 29, 2008
  5. Wasn't there a short stop out prior to that long?
     
    #165     Oct 29, 2008
  6. Like shooting fish in a barrel. :D
     
    #166     Oct 29, 2008
  7. Total for Today: $757.13

    While it looks pretty good (and I ain't complain'in :p ) if you look at the win:loss and percentage win stats you'll see that I took a bath in a Long trade (an overnight currency, not the ES, and that screwed up my overall performance) that I got over confident on.

    I think that's an important lesson, which is why I'm sharing it with you here.

    While I knew it was going to be relatively *simple* (not easy, simple) to make it up, there's no point in second guessing the system.

    Once you get to know it, you'll find that it's very difficult to improve on. :D

    Have a good one.
     
    #167     Oct 29, 2008
  8. Yeah I know, that's why I'm calling it quits now.

    We're going to drip-drab-drob for a while, ultimately, probably a range bound day, but who really knows.

    Trade what you see, as Osorico says.

    Later
     
    #168     Oct 29, 2008
  9. Almost feels like a Fed day. Oh wait...
     
    #169     Oct 29, 2008
  10. As far as being late, I see that at the point I am asking myself should I get in, I already should be in. And when I am saying wow this is great I should exit. I just got a long signal on my picky SPM so should be a nice one.
     
    #170     Oct 29, 2008