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brownsfan019
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Posts posted by brownsfan019
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From here:
Only Chart Package.exe 3.5.0.10 has been released, charting in our platform runs off a different executable. Trader.exe (the main platform) is still version 3.5.0.9.
As a result, all is ok. The Help > About menu only reports the Trader.exe version and does not report the other components like RSS Feed, Market Replay, AutoX, Market Delta plugin, etc.
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Any comments, especially from long-time users like Brownsfan?
Yep, stuff happens. There's always someone trying to work a loophole.
Unfortunately it happened.
Everything still perfectly fine on my end w/ OEC.
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^ That is way too much work.
FF w/ Adblock Plus is the quick and easy answer for us non-techie guys.
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Firefox w/ Adblock plus is great. I don't know how you guys surf sites w/o it. I hardly see any ads.
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You guys need firefox w/ adblock plus. I don't see any of that stuff.
I also go straight to the forum, not the main page so that could be it too.
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Thanks for reminding me why SnagIt is the greatest program ever.
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Brownsfan, I am curious.Would it have been any different if it were just "The Race" instead of "The Race to the Million" ?
I mean, if all were just to do the best trading they could over a specific time period ... not trying to reach the million, but just competing with, inspiring and holding each other accountable for discipline.
What if The Race had winners in various categories, like Sharpe Ratio, Overall Equity Curve, Best Comeback from Drawdown, Most Disciplined, etc.
That's what the P/L thread is for. You can post what you want, no pressures to meet a random objective, etc.
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I love lurking in this thread but what ever happened to bathrobe and brownsfan? You two made trading seem like an attainable goal.I am floating around Surfer. Just needed a break from the grind of posting daily and most days by myself.
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While I enjoyed watching the race from the sidelines, as I said at the beginning - this goal was very unrealistic on such small trading accounts. IMO it was not in the spirit of trading but a casino if you wanted to possibly reach the target.
It's disappointing that many just kinda disappeared or had other business interests to attend to. Some of you guys hate when I say this, but I think it does stress to be careful who you take advice from as well on forums. If they are trading part-time or as a hobby, that's a little different than someone who does this for a living.
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oec is just a 2 week demo!Ask nicely and they may extend it.
Otherwise I think it's $25/mo for it.
Not sure what eSignal charges for data, but if it's less than what TS is charging, then could be an option.
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hey guys thought i'd update.i tried the open e cry system which is easy to use. unfortunately only about 2 days of historical data which just isn't good enough for me.
You can plug eSignal data into OEC. Could be a cheaper option than TS.
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Thanks - hopefully attachment works. (5 minute chart from yesterday)Note at 1100 how price breaks thru but then quickly retreats. I was buying the breakout of resistance with target at next level of 1101.5. I'm determining the levels by scrolling backwards to view what price did previously at these levels and picking out what appear to be key levels.
Well, price did exactly what you thought - it retraced on resistance. It may not have been a big retrace, but price did find a reason to test the level and then retreat.
So really you are talking about buying a break of a level, which is fine and very tradable. Exactly how you do it will take testing on your own to see what you are comfortable with. It's easy hindsight trading, but that looks like a pretty nice pullback to your 98.50 level.
It's also a function of the market you are trading - the ES is excellent at finding some loose stops and then resuming the move. While you test the ES, also test some other different markets such as Oil, Gold, Bonds, and the Euro. Take a look and see if your levels are better respected there.
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Really great advice from everyone. This is why I love this site! I'm a fairly experienced trader but I always learn new things here or at least, find reaffirmation about very important trader wisdom. Most of it is common sense but as humans, we often forget common sense. One of the first things I learned in business what that you have to learn how to not lose money before you can learn how to make money. Same with trading. Losing a trade does't lead to losing money. In fact, it's the opposite. You have to trade through losses to get to your winners. What's important is to trade your plan accurately and make your money as the edge of your system works for you over time. Imagine if you are one of the lucky ones who has a trade method that wins 62% of the time. You have learned enough to know that you must control your risk appropriately. You should be able to be very successful with that formula. But, be at peace with the other side of the equation. You can't divorce yourself from the 38% of the trades that you are losing, or you will not get the 62% winners. They are integrally related. Joined at the hip! By losing the 38% of your trades side of the equation, in this scenario, you are making a fortune with the 12% edge your system is giving you as you trade it, day after day. That is common sense but it is too easy to forget when you are in the midst of your 3rd loss in a row, which by the way, is very, very common in this winning strategy's day to day routine.That's an excellent dissection of the numbers.
Once you know as a trader what your win/loss rate is, then you have an idea of what to expect over time. For example, I know that if I can win just 34% of the time, I can break-even. Why do I love knowing that? Bc it doesn't take much just to break-even and everything over that is profit. I can go 40% in a day and come out ahead - even though I lost 60% of the time. Obviously the goal is to win as much as possible, but it's also important to know your numbers as a trader.
As you gather your numbers and know what they are averaging, it makes it a little easier when you take a few losses in a row. It's not easy mentally when you take a couple shots and lose to take that 3rd or 4th shot, but if the numbers back you, it's a little easier to fire that bullet.
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DEFINITION OF SUCCESSFUL??? Can anyone sum up what they think difference between a successful (profitable) and unsuccessful trader is in a few words? I mean not what skills they require, but what is the definition of "successful"?Successful trader = one that pulls money out of the market
Unsuccessful trader = one that provides money supply to successful traders
This business is all about $$$$. That's it. Either you make it or you don't.
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For me, stops have to make sense - that is, they have to be placed somewhere that is not likely to be hit easily on little gyrations. If you are using arbitrary stop levels (based on a fixed loss), then that's asking for trouble esp on the ES.
Your comment is a little odd too - you say you are buying resistance? I would normally buy support and sell resistance, so not sure what you mean there.
Stops are there to get you out when the market has proven you to be wrong, not just a random number you may have picked out of the air. So if you are buying support, your stop needs to be below that level and above when selling resistance.
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Sorry about the picture. I will read up on how to post one better.
That should walk you through how to post chart in thread.
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Open ECry has a nice platform that includes data - however, there is not a ton of historical data provided. For live traders it is free - platform and data - so that is nice, but you may need more data than what is provided. You can plugin eSignal data into OEC as well for additional data. It'd be nice if OEC had an option to purchase more back data, but that is not available currently. -
Try sending a support ticket to OEC as well. I'm not sure if your request about the indicator alert will work at all or as you want, so no point of wasting time if it's not available.
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A couple of suggestions.....1) Be able to apply alerts on trend lines, or horizontal lines, or any line that is drawn eg; a box, elipse
2) Be able to set the DOM (middle price column) alert so that it defaults. Hence you can just right click on the price column.
I don't understand the idea here. Please explain further.
3) Be able to set up the alerts so that if an indicator ticks up or down, or to a certain level it alerts.... an make this easy to turn on and off.
Eg; say you are using the Donchian (higher and low levels) you may wish to see when the next high tick goes off, without having to constantly be alerted by the low tick going off if in a downtrend.
I'm not sure if you can create an alert like this; however, I've used coloring for this purpose before and works nicely. This will color your bar/candle based on the parameters you set. Anytime that parameter is met, a coloring will print on top of your normal bar/candle. If there's a way to do it via alerts, I'm not sure but in the meantime you can try the coloring out.
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Another way to do that or to view a different contract is just start typing the symbol directly on the chart. A little popup box will appear and you can pick the contract there.
Say you had an ES chart up but wanted to pull a RLM chart quickly, you could start typing RLM on that chart, pick the RLM contract and it will change. Pretty handy if you just want to take a peak at something w/o rebuilding a new chart.
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If you want flash and something that will wow people when they walk into your room, I've found mounting a bunch of smaller monitors gets the wow factor. I think it's mainly b/c most people would never use something like that and it's like - WOW, look at all those, he must be important.
I used to use (but still have) a 6 monitor stand with a 3x3 mount and to this day people get wowed by it.At one point in my trading I thought I needed all of that too but as time has progressed and my focus has gotten better each year, I use less and less screen real estate to actually trade from. For now that monitor stand and monitors is a showy table decoration.
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Yep! And it's weekly just like the op promised!
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I've traded with Open ECry for awhile and always had good fills on my orders. Platform and data are free, commissions are competitive. Take a look at the demo and see if it has what you need.
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Congrats on putting it out there and posting your results. Takes guts to do since not every day is going to be pretty -- but might go a long way in helping you stick to your system with discipline. I look forward to more. Thanks for the contribution.Steven,
I brought the idea over from ET and started this thread initially. As with many threads, it was popular at first and then just a couple posted - much like the race thread now.
The goal of the p/l thread is listed here. The biggest difference between the p/l thread and the race IMO is that there is no silly goal at the end of this thread. It's about posting for discipline and accountability.
It's nice that Dinero is posting again and I may join him again if I feel like getting back into the daily posting effort. In the meantime, it would be nice if others such as yourself and anyone else reading joins Dinero as this thread is about daily accountability and consistency; not leveraging your account to the max and swinging for the fences.
Oil Trading
in Traders Log
Posted
Entering on stop limits can be dangerous as the above poster said - you will basically guarantee fills on all losing trades and guarantee missing some winning trades. Not my cup of tea. I'd prefer to do the opposite.