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AmCan1
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Posts posted by AmCan1
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Aaahhh... lol.. Thanks again for another great tip. I'm not really that dense or slow in other areas, but maybe when it comes to forums, I am. :crap:
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Avalanch, perhaps I'm dense but what are cvb bars? Cuttshot, you've inspired me to take a closer look at the 1 range vs. the 2. The 2 has been great and I still like the fact that you can get a steady 7 point trade. The trade costs make up 1/2 the percentage per trade than the 1 range, which is good. But I like the dodge and dart idea of the 1 range too. Gonna check it out.
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Systo, I think you're over complicating things. You could learn how to trade much easier than trying to do what you suggested. Trading involves about 10% art and you could never program that IMO. It's easier and probably less time consuming to learn a good trade system, backtest it manually, create a simple to follow tradeplan based on the results of your manual backtest, prove you can trade it with a bunch of consecutive mistake free trades in a live sim account, then go live with the minimal amount of risk possible until you've really got it dialed in. That's what I did and it turned my trading around. The process is very cut and dry, step by step but the effect will change everything for you. Why do all that other stuff you mentioned? Doesn't seem like the best approach to me.
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That's amazing. Maybe my superstitions actually have some merit. lol..
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Thanks for the tip Brownsfan. I'm fairly new to this forum but beginning to get the hang of it. It sucks when you subsribe to a forum and then your email inbox gets inundated with bot spam. I'll start reporting it though and hopefully as a collective group we'll reign it in.
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Hey WorldTrader.. Just wondering if you have any more info on your gold testing.
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Hey no problem, TJ. I'm surprised actually that this thread/forum hasn't attracted more interest. Eventually it will I think. This is one of the best pathways to success, manually backtesting. It is so time consuming though that it makes sense to have a forum where traders can exchange their results with one another. You said you use a faster timeframe with the Dow emini. Can I ask what chart you like?
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I just asked you about the EC but thought I'd see how the BP has held up too. Would be interesting to see. Your system seems to be pretty steady so far.
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Hey TJ, I'm currious how the EC has been holding up since your last post. Seems to have been pretty choppy during the US session lately.
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Thanks for the chart and info. Looks interesting. Might have to look into this closer.
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The 1 Range looked great again today. The 2 range bar just didn't have enough juice in it to make it happen although there was one good short right around the open. Looks like the 1 range had a real good day though. FOMC is always hard. I found trading today to be quite tricky.
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Thanks for the chart and explanation TraderWill. And thanks to Snowbird too for explaining the squeeze divergence. I'm curious who has had experience trading this idea and if it is going well.
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I'm quite relaxed Weed. Thanks for your concern. By the way, do you have any thoughts regarding FOMC day? Do you trade your normal plan or do you do something different? I'm must curious. I've done great on some markets in the past on FOMC days but I'm particularly interested on how currency traders handle Fed event sessions.
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What are your thoughts of trading during FOMC day? Does that effect your decisions at all? Or do you just go about your business like any other session? Just curious.
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Do you think this is a good day to trade or to stand down? I have often wrestled with this. I know a lot of my trader friends refuse to trade on FOMC day, or any Fed day for that matter. I'm curious to hear what other's think.
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Man, that sucks. I just got hit with a dozen responses from LoanPatterns. What a waste of time. Thanks for the heads up.
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Cuttshot, Fed Day is a good excuse to stand aside but I find like any other session, trading my method according to my plan tends to work out the best. I've seen fed days where the first 10 trades were all winners. I find that Bernanke testimony days are the worst though. If I were to stand down for any reason, it would be that.
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Cuttshot, I don't change anything. I find my method to be equally robust during the pm session. In fact, given all through May, which was great for me during the am, I actually achieved a slightly better winning percentage during the pm by about 2.5%. Now though, I'm finding that I have become a lot busier with the other things I am into so I limit my pm trading to those sessions where I don't finish positive in the am. The effect is the same. The pm generally improves my overall daily results, most of the time.
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I like to look at the pm session as a seperate session altogether. I lower my goals and trade a bit more modestly. If I could come back and get a winner, I'm happy with that. I begin looking for my setups at 12:40 est. Also, I'm more inclined to trade the pm session if I didn't end positive in during the am. I have found that the pm session tends to improve my overall daily result most of the time.
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That's great Cuttshot. For me, the 2 point range was not as effective. Last week it was on fire. So far this week, it's slowed down a bit.
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Sam Harris, why do I see your penny stock posts across multiple forums with no real relevance to anything being discussed? Give us a break!
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Don't trade with a lack of confidence. Or put another way, do what it takes to develop an iron clad confidence in your trade method. If you don't have confidence, you should take that as a sign to step aside until you figure out the problem. Scared money is lost money.
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Well, my Russell trading was real good this morning. Two trades, two winners, done for the day. Regardless of what's happening fundementally, a good trade system is a good trade system and should continue to give its share of winning trades and an continued edge to take advantage of. It doesn't know about rebalancing but it does know where the next trade is.
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Snowbird, what do you mean by squeeze divergence? I'm not sure I'm following you. A very simple and reliable indicator set that I have often used, called a squeeze by some, overlays a bolinger band on top of a keltner channel. When the bolinger band squeezes together, inside the keltner, and then begins to expand out of the keltner, that indicates a breakout of some sort is probable. You could team it up with a momentum indicator of sorts for confirmation. It's a simple explanation but it can lead to a very effective style of trading. Here's a screen shot to illustrate the idea. (btw, the bolinger bands are shown in pink, and the keltner in red.) But I don't follow what you mean by squeeze divergence.
NQ Traders
in E-mini Futures
Posted
Oh of course.. Dah.. Is a constant volume chart the same as a share bar chart? I know what volume charts are but just never heard it referred to as a constant volume chart.