http://maoxian.com/archive/20050802.html That is an entire chat on the system. I have been trading it a little using 15 minute bars profitably. BEBE was one trade i was in that was mentioned in this journal. I feel the key is having a good market scanner running, and feeding into one of your monitors.
Jeebus! Kevin, simmer down man! What are you trying to pull?!! get everyone over here playing dummies? shhhh!! Let them spend the next 3 years hashing and re-hashing, indexing and mapping then re-indexing and re-mapping Jack Hershey's meandering nonsensical drivel. But seriously, if anyone is interested to learn more about MaoXian's non-dummy trades, you can look at these: http://www.maoxian.com/trade.html They are pretty old but they go over his main bread and butter play which is shorting. Apparently he loves to short. I think they are still useful to learn from. [sigh] I just wish VTSS would have 8 point intraday moves like that.
:bah: This is clearly an environment where it is harder to make money than when CM was posting his series. I am not discrediting CM or anything, but I think TraderMike (TM) is a better resource for dummy trades now. I think it is easier to read his work considering the volatility is not good compared to the good old days [as you referenced in vtss]. just my .02
I just got long 2,000 PDLI as it broke the 4th bar on the chart (inside bar) (15 minute) Stop goes above the high of the inside bar. I will post a chart later.
If long why the stop at the high of inside bar? If stop at low of inside bar, then how did you get stopped out?
I don't really understand what you are asking. btw, I am brainstorming trailing stop methods, as today I had many gains I gave back. Any thoughts?