T-REX, instead of posting your moves and analysis on this journal, just send them out in an email to everyone on your list, i'm on your email list and find it rather usefull and knowledgable. We would also get it a lot quicker via email instead of having to check the thread.
YOUR A LIAR. You never showed up at the ego challenge. You never posted ANY trades winning or otherwise. I have given away my system. I email it out last night to HOT LIST. I have and DO coach for "FREE" on a daily basis NOT just here on ET. MY TRACK RECORD is recorded here in this thread and I have far exceeded a 93% return! I suggest you go back through EVERY entry in this thread and READ my daily trading plans that I have posted. I CLEARLY post the rules for exit within EVERY post. YOU have clearly not done your homework! Instead of shooting your mouth off and sounding like a complete idiot you need to get a life. LOL.
Good Morning HOT LIST subscribers. Last night you should have ALL recieved your manuel on the "2 Bar Charlie SCALP METHOD". I would advise that you 1st master the "2 Bar Charlie EOD System" before attempting the more difficult SCALP METHOD. The purpose of this HOT LIST is to introduce to you the 2 Bar Charlie System. It is NOT a mechanical system! It is NOT a discretional system. IT IS a Trading Plan based on technical analysis and trend following. Imagine a system that incorporates ALL you need to know to be able to trade at the right time @ the right price! I have done ALL the hard work & research. NOW all you have to do is follow the directions and DO NOT deviate from it! The system is best described as a discretionary RULE based system that uses a mechanical approach to technical analysis in that it predetermines probably entry points ahead of the market and is designed to anticipate major turning points in advance of the move. The Swing Vix Indicator will usually lead the market 3-5 days out. Be sure to check todays plan for potential break outs from the Channel.
another QUOTE" I should have realized around page 70 that a list of consistent, daily results would not be produced, but I did learn something very valuable: Don't share your winning systems on public forums. To brag, I have a system that is 85-100% correct for ALL stocks under $5 with a beta volatitlity over 3 tested over the lifetime of the equity. I was heavily considering starting a trading journal, much like this one, except I would reveil the methodology since the number of people using the system would not affect the results. " another QUOTE:" Same problem here. I have a system that is 100% correct for 30% of the NASDAQ listed stocks under $5 with beta volitility over 3 for the past 5 years. Also, the other 70% that aren't 100% correct are at minimum 80% correct, which is still very viable. All stocks under this catagory had positive returns over the past 4 years. I have next to nothing in capital right now (<$4000) currently in swing trades, and my strategy requires atleast $25000 due to the Pattern Day Trading Rules, preferablly $40000 in case of short term drawdowns. I programed my strategy in Wealth Labs Developer, using the demo version which expires in about a week. I do not have appropriate capital to pay the $600 licence fee for the software. I have two friends with ample amounts of capital and are open minded to new investment opportunities. I've sat down with both of them and went through the backtested results. They both are very impressed. Now, my situation is here: They are both willing to invest $40000 each. Also, i would have to give up Proprietorship over my stratagy as they would requrie to know the full inner details of my system. As a business person, the answer would be to go for it in a joint venture, as time is money, and if i were to do it myself, it would eat up atleast 2 years while working. But, i can't help thinking whether i would be left in the dust once my system is in the open. What's to stop them from setting up their own account and trading the system without joint sharing of the profits? Contracts could get ugly. ----------------------------------------------------------------------------- hi eeleusnosaj, I read all Your other postings, some contradiction in your comments. my 2c , take the $40000 and trade your system, and let them trade the system if they want with additional money. sure, only , if your posting is right:" I was heavily considering starting a trading journal, much like this one, except I would reveil the methodology since the number of people using the system would not affect the results. " and why not open a journal? as you can see , T-REX is handling the heat very well. best of luck for you both
my trades are on page 2, 3, 4, 5 and summury was posted on page 11 09-29-03 06:59 AM s1ES @1000 stop @ 1006 09-29-03 07:00 AM cover 1es @ 997.50 09-29-03 07:03 AM s 1es @999 stopt@ 1006 09-29-03 07:07 AM cover @998.5 09-29-03 07:22 AM l 1es @998 09-29-03 07:25 AM cover @ 998 09-29-03 08:55 AM trades: 1 +2.5 2 +0.5 3 0 total +3.00
Prices are expected to retreat back into the 2BC Chnnl today in NQ. Be careful of the reports comming out later today. 10:00am EST - Sentiment 2:15pm EST - Fed reserve I included this in today trading plan. just click onto the link: TRADING CALENDAR You should get into the habbit of doing that everyday because you might not know or be aware of a report that could change the overall trading perspective for the day. If you traded the open today you did not get filled if you used today's trigger. don't despair. A likely 2BC setup could occure very quickly VERY soon. If you are a newbie DON'T trade the SCALP METHOD today! If you need assistance I'm here to guide you. Feel free to PM me, email me, or call me.
09-29-03 06:38 AM 1st trade Long NQ 1322.00 Stop-Loss @ 1320.50 Re: 1st trade Quote from T-REX: Long NQ 1322.00 Stop-Loss @ 1320.50 C 1320.50 (1.50 pt loss) 09-29-03 06:48 AM 2nd trade L 1324.00 Stop-Loss @ 1319.00 09-29-03 06:59 AM L 1322.50 NQZ3 L 1321.00 09-29-03 07:01 AM Stopped out of Longs @ 1319.50 ...........flat 09-29-03 07:03 AM NQZ3 S 1321.50 STOP-LOSS @ 1328.50 09-29-03 07:09 AM NQZ3 STOP-LOSS @ 1328.50 S 1323.00 09-29-03 07:58 AM MOVED STOP-LOSS TO 1317.00 09-29-03 08:14 AM moved stoploss to 1311.00 09-29-03 08:17 AM STOPPED OUT @ 1311.00 .............I'M NOW FLAT For the Record. I had a net positive day so I'm done trading until tommorow. Time to relax, go to lunch, and do some more backtesting and system development 5 RT +1.0 NQ for the day let our records speak for itself
It has been bought to my attention that I neglected to attach the NQ Swing Vix Indicator Chart to today's trading plan. I will re-send it to you as an UPDATE.
Yesterday's Chnnl BrkOut caught today's uptick in the three indicies- ES, NQ, & YM. (see yesterday's trading plan report for price levels)