[TheNegotiator]

Or is it that you can't make it work? I often see that the focus of posts is on how and why a strategy wins rather than the profitable application of a winning strategy. This may be for a multitude of different reasons which I'll leave to your imagination. But let me ask this question. Is the real key to a trader's success based on their system's potential for profit? If it is, then why is it that the occurrence of traders who fail to make money, jumping from system to system which have been used profitably by other traders past and present, is so frequent and persistent? Logical well thought through strategies of course are a prerequisite, but it is my contention that they are not the defining factor on a trader's road to success.

A really important aspect to the success or failure of a strategy is to many what is the 'peripheral' information. How to make a good system work. Most of you will have heard the trading adage or a variation of it that "No system can win all of the time". Think about this for a minute. Why is that? All things equal, couldn't there be a system that wins all of the time? No. All things aren't equal and the trading landscape is constantly changing and undulating. This is also why markets aren't random as some suggest.

Here are a few important 'peripheral' factors to the success or failure of your system:-

Time
What time of day/week/month are you trading?

Economic Events/Releases
Before and after key economic releases, markets can behave very differently which can of course impact your system.

Current conditions
Is the market trending or bracketing? Is it moving up or down? How volatile is it? Is it within recent activity or exploring new prices?

Phase Location
Where in the current trend or bracket is the market trading? For example, are you attempting to execute a trend strategy in a dwindling trend?

Stop Type Selection
What is your stop based on and how big is it? Is it fixed by number of prices, based on s/r levels or volatility based using say a channel or even an ATR method?

Market Selection
Which markets are you applying the strategy to? Knowing that different markets have different participant bases, you can more appropriately apply techniques to markets with more beneficial characteristics.

To be a profitable trader, you need to step it up and be a pro in the way you approach your work.

[estate1997]

Originally Posted by
A really important aspect to the success or failure of a strategy is to many what is the 'peripheral' information. How to make a good system work. Most of you will have heard the trading adage or a variation of it that "No system can win all of the time". Think about this for a minute. Why is that? All things equal, couldn't there be a system that wins all of the time? No. All things aren't equal and the trading landscape is constantly changing and undulating. This is also why markets aren't random as some suggest.
[B

Phase Location[/B]

There are systems that will win all the time. I know of three systems. They are based on momentum bars, Kase bars, and P&F bars. They all use cycles and multiple charts.
The only time they will loose is due to operator error in my case. I know that two are working on full automation but it is complex problem to have a program read the numbers like a human mind.
If markets are so random, why would I send out an email Thurs. at 5:45 PM telling a few friends that good news is coming and give them a new high target price for Friday on the ES which they hit. They, the people in control set these things up way in advance so traders will buy or sell from their tech analysis. Any randomness comes from stop chasing and poor decisions.
An example of their control is price volume divergence. How does price keep going up when everyone is dumping their contracts? The reason as I see it is that they have to hit a certain predetermined price which is set prior to the market turning down.
To see their control in Trade Station, use their Mov Avg Exp Ribbon indicator across several charts of your choosing. They will go through hoops to get things lined up for their next large move.
One more example is what I call a post. "They will run the price up 4 points and rapidly move it back down. That will be a pivot point for trend lines for a down move.
The bottom after a large move always has the same set up with Kase charts.
So to wrap it up. yes there is a Grail and your worst enemy is yourself. You just have to pay attention to what they are telling everyone who knows what they are saying.
We are just mice to the cats in this game.
Good luck

[ckait]

pretty bold statement on strategies winning all the time with a statement like that one should back it up with charts and examples.

[stinkystank]

Originally Posted by estate1997 »

There are systems that will win all the time. I know of three systems.

straight balling

i totally believe you

[ns6]

Originally Posted by estate1997 »

An example of their control is price volume divergence. How does price keep going up when everyone is dumping their contracts? The reason as I see it is that they have to hit a certain predetermined price which is set prior to the market turning down.
To see their control in Trade Station, use their Mov Avg Exp Ribbon indicator across several charts of your choosing. They will go through hoops to get things lined up for their next large move.
.
.
.

The bottom after a large move always has the same set up with Kase charts.

estate,

Can you give some chart examples of the above? Thx.

[Blaiserboy]

Originally Posted by estate1997 »

There are systems that will win all the time. I know of three systems. They are based on momentum bars, Kase bars, and P&F bars. They all use cycles and multiple charts.
The only time they will loose is due to operator error in my case. I know that two are working on full automation but it is complex problem to have a program read the numbers like a human mind.
If markets are so random, why would I send out an email Thurs. at 5:45 PM telling a few friends that good news is coming and give them a new high target price for Friday on the ES which they hit. They, the people in control set these things up way in advance so traders will buy or sell from their tech analysis. Any randomness comes from stop chasing and poor decisions.
An example of their control is price volume divergence. How does price keep going up when everyone is dumping their contracts? The reason as I see it is that they have to hit a certain predetermined price which is set prior to the market turning down.
To see their control in Trade Station, use their Mov Avg Exp Ribbon indicator across several charts of your choosing. They will go through hoops to get things lined up for their next large move.
One more example is what I call a post. "They will run the price up 4 points and rapidly move it back down. That will be a pivot point for trend lines for a down move.
The bottom after a large move always has the same set up with Kase charts.
So to wrap it up. yes there is a Grail and your worst enemy is yourself. You just have to pay attention to what they are telling everyone who knows what they are saying.
We are just mice to the cats in this game.
Good luck

Please share some examples, I am sure that many will be pleased to see those.

[SunTrader]

Originally Posted by estate1997 »

............
So to wrap it up. yes there is a Grail .....

Yeah sure...........

[Blaiserboy]

Originally Posted by SunTrader »

Yeah sure...........

I have looked at many things in my 'brief' exposure to trading and I have not seen the grail, I have seen a lot of my own mistakes though...... lol Somehow Mr Market seems to have a plan to defeat anything that resembles a solution.