Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies
HYBRID: trading system within a trading system 30 replies
Jasmine Chain... 5 replies
Jasmine Marble Trading System v.2 2 replies
Jasmine Marble... 5 replies
DislikedIdea:
The first idea is to have longer moving average to support the decision and to have a better look on what actually going on.
Regards,
Andy.Ignored
DislikedSecond idea:
Idea number 2: how not to trade based on stop and reversal, so only trade on potential trade. So market volatility is need. And we can make optimum lot usage, other than use 2 lot to cover your trade.
Regards,
Andy.Ignored
DislikedI want to make clear that the idea shown in modified version of marble is not my trading style. Still I don't trust it, still I trust in original method. The modified method works good in showing us the clearer picture about price position relative to its moving averages.
But as you know, you even can become a successful trader without anything in your chart except price and do not have any system except sound money management and reasonable stop loss.
So, if someone ask me what is my preference, I still prefer the original marble. I need to learn this new marble before I decide to use it.
Anyway, does anybody come up a result after forward testing the original method?
Thanks
Prosper to you all
Andy.Ignored
DislikedHi Andy, few question for you:
1. why you trust MACD divergence. it is lagging indicator is it, also it is a indicator of an indicator, is it? i understand your reason to take a trade when price closes above moving averages, but why you have to wait until MACD divergence (not MACD it self) is above zero.
2. from many of your statement, you state that method is less significant than the money management it self, is it what are you trying to say?
3. how you recommend newbie like me to choose a method, i read a lot of method here in the forum, what method do i need to choose.
Thanks
Anna.Ignored
Maybe my explanation not satisfies your question, but trading is just like live. You have to know how to live properly.
answer:
DislikedAnswer:
- Anna I do not trust MACD or anything, I just using it to trigger my signal for trading. Do you know that trading has a characteristic which is similar to gambling? The only different between trading and gambling is that you can have win ratio over 50% because historical pattern repeat it self periodically. MACD histogram uses because it is the MACD plus MACD signal line representation. Meaning that when MACD positive and the different between MACD and signal line keep rising meaning that there is an uptrend. So that self explanatory.
- Yes, with money management, you can limit your self from losses. The difference between pro and amateur, some people say is in money management and how to control losses. Because admit it that you maybe have the chance to trade 50 times and can lose 50 times also in a row. That is possible although improbable. So how to cut your losses and let the profit runs.
- I advise you to take a look at chart without anything at all. No indicator at all. So you print the chart and note that the pattern before and after the reversal. Study every time frame and every move like this, then you will have the “feel” of the chart. That is called “price action” and James16 is the master of this art. This is an art and not a science. You gotta understand this. Every day spend your day looking at this printed chart. Everyday. Until you have the feel. Until you have the feel. My next advice is to have money management that control your losses. Remember that you are possible to lose 50 or even more trade in a row. Believe me. So how to cut the losses because of this.
Maybe my explanation not satisfies your question, but trading is just like live. You have to know how to live properly.
answer:Ignored
Dislikeddear, andy,
so glad to receive such an outstanding reply from trader like you. you should be real trader because it seems that you accept losses as good as you accept winning. i know from your tone that you stress the money management from the system just because you believe in luck.
i saw your posting in some of the thread, you are luck worshipper. i think we could be a buddy.
sorry, back to your system, how you describe your system: DISCRETIONARY or MECHANICAL? i'm very interesting in mechanical system due to the nature of this system minimize the human error because of our natural emotional thinking.
thx, AnnaIgnored
DislikedHi
We did a quick and rough 6 mth backtest on this system to get a feel for the basic rules and flow of the strategy.
We have changed the exit rule.
This is explained on the spreadsheet and also the chart.
We really have no suggestions at this stage other than the exit rule.
Still, this is a starting point from which to improve the results.
Team Aphid.Ignored