daedalus

^^^ Thats an excellent document. Thanks for posting it!!!

I just wish that imported indicators would actually have a "Save as Default" button that actually worked.

FX_Cowboy... i just want to commend you on your faithful posting of your blotters. It looks like you've had a rough go of it these past few weeks but are bouncing back. A lot of guys would fall out when it starts going rough but you've kept right with it. Kudos to you and keep at it!!! Out of curiosity - have the drawdowns you've experience been fairly typical of your method?

Found this post on a blog comment and was blown away by what was said. I think there is a LOT of truth in the following paragraphs. Well worth every struggling traders time.

MadMarket - Just curious what kind of size you were trading with? Are these results on 2 lots getting 150 ticks a trade or on 10 lots getting 30 ticks? Great trading BTW. Glad someone with your kind of success has taken over this place rather than some generic forum ownership conglomerate!

yea we might not be able to do this with OEC... I don't think we can use outside .dll's.

Ok, well I got it to compile in OEC... inputs: period(30), threshold(600), normcolor(blue), highcolor(red); vars: int pace(0), int indx(0); pace = 0; indx = 0; while(indx < CurrentBar) begin value1 = time - time[indx]; if(value1 < 0) then value1 = time + 240000 - time[indx]; if(value1 < period) then pace = pace + barinterval else break; indx = indx + 1; end; //plot1(pace,"pace",iff(pace > threshold,highcolor,normcolor)); if pace > threshold then Plot2(pace,"Pace",green) else Plot2(pace,"Pace",darkgray); OEC didn't like the plot language so I switched it up. But I guess we need to adjust for the 240000 constant, because as far as I can tell this thing just resets on the hour... What does the 240000 represent? Heres how it looks right now:

tim ferriss's book has planted that same seed in my head... how great it would be to just travel the world and trade.... obviously reliable internet would be a requirement but I think you could find that pretty easily everywhere. I'm also interested to see how new networks like sprints's 4G hold up.

Well it was released last week on the internet on Bablegum. Check it out here: http://babelgum.com/Floored I thought it was fantastic and it explores the death of the open outcry pit traders and looks at some new computer traders in chicago prop firms. But probably more importantly than anything else it shows a very real reality of this profession - the emotional strains and the outcomes it can have on your life and your family.

Never seen it happen. This would be a first I believe.

Guys i'm going to have to withdraw. I've just accepted a position at a prop firm in Chicago and will be very busy packing, relocating, and then trading new methods at the firm. I am sorry I wasn't able to give you all a run for your money but I wish you all the best of luck!

Tape reading is very possible. Hubert from TTM used to post up videos on it. In fact Soultrader has a few videos on this site about tape reading. My problem was I could never quite get exactly how to apply it and there really is not a lot of information on the internet about it (believe me i've looked and it lead me to the videos i've already mentioned). The other thing is that I feel its going to become a "dead art" very soon. With all the new flash orders and lot breakups and even the change in CME reporting of contract volume the patterns and clues just aren't there like they used to be and I feel this trend will only continue and worsen.

My biggest problem has been trying to "normalize" all of my trades. That each opportunity should go X ticks in favor so I can move my stop and that then the move should move another X amount in favor to a predefined Y target each time. The markets aren't static, they don't offer identical opportunities and after you realize this you start to understand the need for a more relaxed and flexible management ideology for your trades. Sometimes the trade blasts off immediately in favor, in which case you trail stops and try and garner as much profit as possible. Sometimes price consolidates a bit more with you in it and then only pops a bit - in these situations your probably best taking the profit offered and waiting for the next opportunity. And sometimes price just sits and waits without any real move in favor in which case sacrificing the position for a couple tick loss or at breakeven isn't a bad idea. Other times you just lose and in that case you don't double down you take your loss and move on. And here's the kicker... you won't make the right call every time. Sometimes that consolidation and heat turns into a massive winner - without you on board, sometimes that quick pop you got out on turns into a big runner, and sometimes that loss you take knocks you out by 1 tick beyond your stop and reverses... but trying to be perfect in this imperfect profession is an impossible task. So don't try. Simply try and make the best call with the information available to you at the time and don't look back. But allowing the discretion into my trading has been the thing I have to continually work on and consciously allow. As much as I like structure and a 1,2,3 approach to ringing the cash register the markets don't like to make it that easy on us and the sooner we realize it and embrace it the better chance we have to be successful.

Just to mention... I switched over to Insanity after doing two rounds of P90X. Holy crap. Its like Plyo X on crack each day. Just finished my first 4 weeks and am on my recovery week before the workouts ramp up for the next 4. If you think you're in shape (cardio wise) doing P90 I think you'll be surprised what a massive reality check the Insanity program is. Cheers!

Thales - i'm on sim this week revising management rules and will have no live statements to show.

I was doing this but I find that on some of my workspaces that are linked to the quotes window I think I will have the drawing object selected, then I hit the delete key only to find i've just deleted that selected market from the quotes window. Frustrating indeed. More frustrating than having to manually go to the bottom of the list each time to hit remove...

Great trade Thales. I'd love to see more of your setups even with the MA's deleted to get a better idea of the pullback trades your taking (that is basically what your doing, in the direction of a predefined trend?) Cheers!

Don't know if this is a range bar issue or platform issue, or easy language issue but there seems to be some kind of problems with the "Close" of bars being read on certain bar charts ie momentum charts and range bar charts. Here you can see a 5m bar chart and the code for the indicator applied to the chart to illustrate the problem. Basically it highlights a bar where the close is equal to the previous bars close: Same settings on a momentum bar chart... the areas that should be highlighted aren't. For some reason closes aren't read by the software. Anyone got any ideas?

Ok, so can anyone tell me why no Doji's show up using the momentum bars on some of the markets (NQ/YM/RLM) but they appear on other markets changing no setting (6A,B,C,E) etc.? By that I mean bars where the entire thing is a wick and the Open = Close. Anyone?

I discovered a logic error in my strategy late friday when I automated some of the entries and its put me back on my heels a bit so I won't be jumping in to the race this week as planned. Keep at it gents!

Yea you can't import any settings from 3.4 which sucks, and for some reason the "Save as Default" checkbox for indicator settings has no effect. If you remove the indicator from the workspace and re-insert none of the settings are saved.

Good trading guys! I'll be joining you next week, 2 contracts on the 6B/NQ/YM, and 1 contract on the E,C,A,S,J. Should be interesting... Haven't traded this new revision live yet and have spent a lot of time on it. Cheers!

I'll throw my hat into the ring... might not be actively trading for a week or so on the account as I test some new ideas.

Not in the least. MB Trading spikes spreads just as much as anyone else.

Nope. There are still gaps in the OEC versions (and frankly I prefer it this way). And also, as of this morning the momentum bars are back (by selecting the range bar chart of course!)