Traders Laboratory - View Single Post - The Chimp`s new "Futures Scalps"
View Single Post
  #37 (permalink)  
Old 11-07-2007, 09:22 AM
walterw's Avatar
walterw walterw is offline
walterw is The Trader Chimp

Trader Specs
 
Join Date: Nov 2006
Location: Argentina
Posts: 2,168
Thanks: 0
Thanked 41 Times in 30 Posts
This member is the original thread starter. Re: The Chimp`s new "Futures Scalps"

Quote:
View Post
Yes, echo that Michaltrade.
Its the opposite of what you expect to find on the internet and its great.

Walter
You ask for feedback about the way the systems repeat themselves while having variations in them too. Its great like that, consistency but still an open mind for variations.
The 5min/1min entry thing is about waiting for price and momentum to prove themselves so there is less guessing and hoping and it works for me.
Gains for me from entering later with momentum- consistent trades, less waiting, less drawdown while waiting, quick in and out = less stress.
My fx target is currently around 20 pips and mostly that is taking 4 scalps over 4 hrs but sometimes get more from just two trades. Mostly trading the earlier parts of a move and not caring for now what happens after exit, happy to wait for a re-entry setup for another quickie.
But the big wins for me are consistency and less drawdown. RnR plusses.
As I get the hit rate up I am also happier to stop out quick and wait a bit longer if it doesn't look to be developing as expected. Before I tended to tolerate more drawdown because I was entering too early.
Yes the Oscar goes to Walter, thank you for the inspiration and the perspiration.
Thanks Bruce for your feedback テつ。テつ。 its much apreciated... sometimes I feel I may be confusing people here... on the other hand I feel showing at least the 50% of my research openly may help others and give me a chance to interact and grow as well...

Consistency on the core concepts its one of the things I will try never to loose... alternatives on the presentations are vast テつ。テつ。

I am glad Bruce to hear about this performances on your trading テつ。テつ。 feel free to post some charts if you wish...

I am so greatfull for your great programing contributions on vma テつ。テつ。 without that we couldnt had evolved as we did... cheers Walter.

__________________
you can check my site on my profile contact info...
Reply With Quote