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kuokam

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Posts posted by kuokam

  1. Posted

    Hi Dun,

    Re. Cotton, I don't see the extremes in the net positions, as they are getting near to zero. By "relative cot extreme" , do you mean the cot index ?

     

    Thanks

     

     

    Hi everyone,

     

    The latest Commitments of Traders review is out.

     

    Platinum

    COT Change (52W) / C – 45%, LS – 41%, SS – 19% /

    It looks as if prices started to react to bullish cot extreme signal that has been present in the market for some time now. We should not be surprised to see such a larger change in Traders positions. It may influence prices and push them back in the near term, but let’s not forget that the stronger cot signal is the extreme!

     

    Wheat (Kansas)

    COT Extreme / LS – All Time COT extreme /

    When we reach and all time cot extreme in a market, there is not too much I can add, the picture is pretty obvious. The only important note I may add is that these extremes can go on for many weeks before price starts to react!

     

    Cotton

    COT Extreme / C – 52, LS – 52 report COT extreme /

    We have a relative bullish cot extreme in the market, but caution is advised: with even greater extremes (second half of 2014 for example) the market may still head downwards.

     

    All the best,

    Dunstan

     

    COT Charts

  4. Posted

    Predictions

    ... One of the major dangers of prediction is that the ego gets involved and the analyst finds it difficult to admit he/she may be wrong, even in the presence of considerable evidence to the contrary. Being wrong in our predictions is something that few of us can tolerate very well! This is especially true when we have made public forecasts and have used considerable persuasion to get others to believe in our predictions. It is always just a matter of “you wait and see – I’ll be right soon enough”

     

    W. Clay Allen, CFA

  7. Posted

    Oh! You mean I cannot trade well with only this volume profile that is on my charts? I thought volume is of more weight that time in assessing the direction of an instrument.

     

    Thank you!

     

    volume below time (mode below poc) would warrant looking for lower prices and reverse (mode above time) would warrant higher prices. You can use any market profile software just make sure they track the mode and volume. Other wise it a waste of time.

  14. Posted

    You are right, Bob, the stop looks too short. But on my chart at that time, the previous low was that near. Take a look.

     

    Cheers.

     

     

    Hi kuokam

    I read your post with interest.

    Well done . You are in the money.

    I think a $2 stop is too small when the average daily range is about $12.

    My stop varies on what time I entered but is usually about $5

    I would welcome some comment on this.

    regards

    bobc

    GC14041303.PNG.4d1dfc52a9dec63cb6abc7c9a002aedf.PNG

  20. Posted

    Bravo the winner!

     

    Hope to join in march again.

     

    Cheers !

     

    --------------------------------------------------------------------------------------------------------------------------------------

     

    The Contest is finished. I had not planned a contest for Feb. anyone interested in March?

  22. Posted

    In comparison, Don Jones' training is 800 for 8 months, material and 15 minutes weekly Q&A session included. Looks like not many people in here have gone thru it.

    The web site might not be very glamorous, but the content is sound.

    Only con for me so far is if one must work but with their proprietary tools .

     

     

    I've been member there for almost 3 years and I finally gave up. There is value in what he teaching but he deliberately evasive about details. I can't tell if he really trade or not but he withhold specifics so EVERYBODY continue to struggle and need his "next course." Are always just one course or "mentoring package" away from being given keys to the kingdom. He is really sharp salesperson I'll give him that.

     

    Is more about sales and marketing than he is actually teaching people what they need to know. He talks good game, always puffing himself up and promising things that he never gets around to delivering. Total BS'er.

     

    Also, their chat room was biggest waste of time I've ever seen. Nothing but "there's the russell making a new high" and other useless crap like that. You never see them committing to anything.

     

    They have a $2000 course that's not bad but just do a google search for

     

    Alexander Trading New Foundations

     

    and you'll find everything you need to check it out. I definitely regret time I wasted with that company.

  25. Posted

    Talking of real life trading, I recently took part at Topstep Traders' combine. I managed to take the start capital of 50.000 to a bit less than 52.000 in 20 days, but was eliminated nevertheless. Why? because I had traded in 3 products and was net loser in 1 of them. Beside this criteria of being positive in all the instruments you freely choose to trade, you must abide by additional ones :

    -daily loss: 1000 max,

    -overall drawdown: 2000 max,

    -overall winning days: 55%.

     

    After that you might get funded after scrutiny by the team.

    2000/50000, that is 4% max DD!

    Hopefully we can find some inspiration there. I think Ingot also once alluded to the question in a post on this thread or the discussion one .

    What I've learned is that real trading is about consistency: small losses, small gains and a few big profits that you let run to make your week/month/year.

    My 2 cents.

     

     

    Yeah, originally when we first started the contests we had a rule, I think it was max 10 or 20 percent drawdown.

    I forgot/didn't specify any rules at the start of this contest so anything goes I guess.

    Subsequent contests will hav a max 20% drawdown rule.

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