[brownsfan019]

Originally Posted by bathrobe »

I cannot post the .png image directly to my post, what is explained in the link provided by BF does not work for me I have no clue why.

BR - if that doesn't work (not sure why) here's a quick workaround:

1) Upload png to TinyPic - Free Image Hosting, Photo Sharing & Video Hosting
2) Highlight code in the box that says "IMG Code for Forums & Message Boards"
3) Paste here
4) Done

That's actually what I do on most other forums since many don't host pics on their servers.

[hunnybunny]

Originally Posted by MidKnight »

Hi Bunny,

Just a short note about your point number 2. While many do say trade with the trend, it of course isn't the only way. There are many guys that do make solid livings from fading areas in a trend. Keep an open mind on that point, in fact, keep an open mind on anything about trading

Sorry to hear about the hard day. We've all been there many times, and probably continue to revisit it every now and then.

With kind regards,
MK

MidKnight, thanks very much for your kind note and advice Searching for a thread on fading areas in a trend now The next time i feel inclined to throw myself in front of a train, it'll come in real handy!

[subterfuge]

No blotter today but im up around 40 pips again and probably done for the day. Mainly traded cable. it would have been a very small up day (+9 pips or so), but I managed to cathc a piece of the ES move just after the news release.
Its strange but i find winning streaks like im on almost as frustrating as losing streaks! It just kind of reminds me that its upto the market as to whether i make money or not. My setups are obviously working at the moment, but will the market dynamics change soon, rendering my 'system' useless? I imagine some of my doubts/questions could be answered by backtesting my methods more, but because they are mainly price action based with some discretion, I imagine you'd need to be an absolute computer programming genius to do it (that's if its even possible). Have you guys all managed to succesfully backtest your methods?
Id like to think that im worrying about nothing and im simply getting better, but as a generally 'breakeven' trader after putting in YEARS of 12 hour days watching price/charts, you'll understand why I am pessimistic when it comes to my own trading!

have a good days trading.

[brownsfan019]

Originally Posted by subterfuge »

No blotter today but im up around 40 pips again and probably done for the day. Mainly traded cable. it would have been a very small up day (+9 pips or so), but I managed to cathc a piece of the ES move just after the news release.
Its strange but i find winning streaks like im on almost as frustrating as losing streaks! It just kind of reminds me that its upto the market as to whether i make money or not. My setups are obviously working at the moment, but will the market dynamics change soon, rendering my 'system' useless? I imagine some of my doubts/questions could be answered by backtesting my methods more, but because they are mainly price action based with some discretion, I imagine you'd need to be an absolute computer programming genius to do it (that's if its even possible). Have you guys all managed to succesfully backtest your methods?
Id like to think that im worrying about nothing and im simply getting better, but as a generally 'breakeven' trader after putting in YEARS of 12 hour days watching price/charts, you'll understand why I am pessimistic when it comes to my own trading!

have a good days trading.

We are our own worst enemy... And I understand your concern. It's funny how the human brain works - when we are in a losing streak, very easy to jump ship and give up; when we are winning, we wonder if it's a fluke or will it continue.

My only suggestion is to do some backtesting (even manually) if possible. If not, then you have to watch your results like a hawk and track them closely. Build a database or excel sheet to track them and create a chart of your trading and track it. Would you buy your trading or fade it?

Something else that comes to mind is simply increasing your size when you are winning and decreasing when you are losing - similar to a blackjack strategy. When you know the deck is stacked in your favor, put on a larger positions; when you aren't sure, minimize your risk as much as possible.

[subterfuge]

Originally Posted by brownsfan019 »

We are our own worst enemy... And I understand your concern. It's funny how the human brain works - when we are in a losing streak, very easy to jump ship and give up; when we are winning, we wonder if it's a fluke or will it continue.

Couldn't put it better, and that's definitely how i feel.

As for your suggetions, that's pretty much the route i've already been taking for a while now. Ive been tracking every trade in an excel spreadsheet. Also, on only ONE of my setups i've also started doing as you suggested about 1 month ago, and put the results into a graph in excel to give me basically an equity curve. I chose that particular setup because its my most 'mechanical' setup.
In fact, here is that one setups data so far. Since the 22nd of September its made 23 trades and has made 42 ES points. Im gonna try and get much more past info on it as I doubt 1month of data is partucularly statistically relevant..?....
Anyone, thanks for your input.

[brownsfan019]

10-29-09: +$683.13

Today was a day where it was so easy... wish every morning was like this. I kinda screwed it up good on the ZS though. First, I was trading the old contract; then I moved to the new one and got out of a good long b/c I was trying to preserve the daily profits. There was no reason to exit the trade other than I liked how $700 looked. And then I hit the button too quickly and didn't get the $700.

Also - trading 2 contracts on the ZF. The $ per tick is smaller, so beefing that up a little to get that profit in line w/ the other markets more.

[bathrobe]

I am starting to feel under the weather again, I guess I will load up on Vitamin C. As for trading, was almost a standstill when I was in mkt.

We will see if I can post the png on the thread




EDIT: Thanks BF, I always wanted to do that.

[Dinerotrader]

Didn't take any stock trades today. I am finding it hard to be fully engaged in futures trading development and still get time for stocks so I am probably going to slow down significantly on trading stocks.

I was watching the ZS again today but volume was crap again and it was just a chop storm. Thanks to Brownsfan, he pointed out that the contract rollover is near so the volume gets split and really slows things down compared to the norm.