There are many ways to make money in the market. Try to get to the place where if you have a view of the market that is out there, you are not going to fall off the edge of the world. Day after day the market moves about. Do a simple test for yourself. Pick entries and exits for a long trade and a short trade. Use a steno pad to keep tabs on how many successful trades you could have executued in a day using each of those pairs. If you can succeed in tabbing the above, see if you can do some more complex tabbing. Set up five long trades and five short trades with a range of values. Then sit there with ten columns and put consecutive numbers in the columns for each trade that is completed and the order inwhich it is done. Here by doing these kinds of drills you get theidea that the market is continually passing various numbers (values) in the range of its operation. Who cares what the order of the trades was, they just occurred. AMTSWA did some good trading here a while back, he,among other things made some people aware of how you could with one account have two kinds of trades going on simultaneously. This is probably beyond most people's reasoning but it is a concept derivable from your steno pad monitoring. People usually do trades in a series because of account and capital constraints. On the other hand they could use more than one account. Or they could look at the steno results and see that timing can be eliminated for trading one account only. It is a case of saying that you want x amount of profits and getting them using to preset values within the range of movement of the markets. Using a high and low for a day is asking a lot. It makes you choose the values and the order of occurrance. What if you did two trades where the first was from the middle and the exit was at the extreme; then repeat it. That is not so difficult. You will be puzzled for a while about how to pick the time to begin and how to repeat it but it will come to you. There are about 80 edges that are commonly used. you could get a very wide steno pad and list them and then just make notes on when they occur each day as thedays go by. Anyways, you can see that you already know before the day starts where the market is going to move. By picking some values for entry and exit at your leisure you can set yourself up for making that amount of money on the two different values. as you know, the closer the values are the more likely they will work in the order you need. If you want to start out slowly on this kind of thing choose the same value for the entry as the exit. This will almost always work and it will work a lot of times during the day. Ask yourself, if people chose values close together every day, how could 90% of then continually screw this up? It is very difficult to do (I mean the screwing up is very difficult to do). buy a packet of steno pads, they are fun to use to learn how to make a hell of a lot of money. without charting.
my best results over the yrs have been when I have found arb situations in certain markets I wish I could automate this ... some really smart people have done this ... now whether my -human eye- and -market saavy- gives me a small edge over the -bots- maybe but surely I will go blind before the bot does
OK, as I mentioned earlier on, I intensely dislike the term "holy grail." But I'll play along. I will give you the corollary to the "holy grail" rather than the "holy grail" itself for reasons that will be self-evident. A trading strategy is like a knife: the more people that use it, the more blunt the edge gets. Keep it sharp, people!
Corollary: (1) Few people believe this and keep on butchering with blunt scrap-heap knives; (2) Reassuring for the guys with the sharp knives. Lots of opportunity for superb cutting. Keep your edges well hidden and whet as required. nononsense
Why not? Gliding rocks! http://www.sailplanedirectory.com/grob.htm (scroll down the page for the "109")
See the handle on the cup sell the break of the handle See two tops or two bottoms buy the breakout or sell breakdown of the 2