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Private Island Traders

  • #1,661
  • May 13, 2020 11:46am May 13, 2020 11:46am
Quoting auricforecas
{quote} I use it like this... I breakdown to 2 MAJOR components... PRICE PREDICTION (did it happen at all? In what timeframe and how much it went into counter before it went "there" HARVEST STRATEGY (what TP, SL, LEV combo would be best)... So as long as I have price prediction strong.. and I get SL because of some harvest problem... I am still happy that at least the important component worked... can always adjust the harvest... Basically... I am doing only ONE trade... PRICE PREDICTION and then I apply different harvesters... For example if you...
It was always timing for me, previous, my strike was a little early but had enough to add higher or lower, many times though I would not act and wait, this, and not taking advice about position size, killed it, this time round, playing it different if I can stay together, I need the confirmation
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,662
  • May 13, 2020 12:48pm May 13, 2020 12:48pm
Quoting Ll1979
Interesting guy (Brett Steenbarger) to follow on youtube: https://youtu.be/gSvwmsTLPhg
Great addition Li, can say today that I suffered all 3 conditions but yesterday could have ticked the boxes with ease, strange being a rabbit in the headlights and how it has an effect, can also relate to our past trading, I was always looking forward to getting on the board to see you guys after work, it was a calming moment pretty much all the time, I lost towards the end, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,663
  • May 13, 2020 12:56pm May 13, 2020 12:56pm
That's me for today, account within a sheckle of yesterdays close, not too much damage, see the EJ still trundling along, often wonder if it was ever worth ducking and diving but sticking, easy to say after the event I suppose, speak soon and thank you all for the likes who gave them, good chess all, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,664
  • May 13, 2020 1:05pm May 13, 2020 1:05pm
Quoting detector
That's me for today, account within a sheckle of yesterdays close, not too much damage, see the EJ still trundling along, often wonder if it was ever worth ducking and diving but sticking, easy to say after the event I suppose, speak soon and thank you all for the likes who gave them, good chess all, D
Nice trading champ! cya around
persistence and determination alone are omnipotent
  • #1,665
  • May 13, 2020 3:33pm May 13, 2020 3:33pm
Squeezed a few sheckles out of the Dow before close, losses made up and account square, 4hr price hit last support with a good pin, think this may move back to recent rising support/resistance area 26700, if not 21300 could be next leg down, interesting volume on the 1hr chart too, are we to see the "Kansas shuffle" take place, see y all tomorrow, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,666
  • May 13, 2020 3:39pm May 13, 2020 3:39pm
Quoting detector
{quote} It was always timing for me, previous, my strike was a little early but had enough to add higher or lower, many times though I would not act and wait, this, and not taking advice about position size, killed it, this time round, playing it different if I can stay together, I need the confirmation
So if I understand you got the PRICE right.. (so 1/2 of components - PRICE prediction, was correct?). If so, you could try to find (it is organic thing, I do not have fixed parameters for this either, still learning or doing more in parallel) more optimal TP, SL (LEV etc..) levels... or do parallel trading.... Maybe do some parallel trading with lower leverage because if price prediction is correct, TP should be hit eventually.. if there was enough time/room for trade to develop... which is usually with lower leverage...

Ok just ideas... no (fixed) rules in the market, I know

I have been recently thinking about using one "bigger" account/size with little to maybe even no leverage but I found out, by surprise, that my oldest used broker do not have anything below the leverage 10:1 to choose from... And I was complaining a long time that 50:1 is their max... Now even the lower one wouldn't be optimal for certain strategy..

So the idea is to use same price prediction strategy (with different timeframes of course.. so price prediction for larger timeframe and then daily, hourly...) and then apply multiple harvest(ers) to it.. One little to no leverage but larger account.. then squeezing leverage further (and balance) by the harvester/account
Can you afford to take that chance?
  • #1,667
  • May 13, 2020 4:33pm May 13, 2020 4:33pm
Quoting auricforecas
{quote} So if I understand you got the PRICE right.. (so 1/2 of components - PRICE prediction, was correct?). If so, you could try to find (it is organic thing, I do not have fixed parameters for this either, still learning or doing more in parallel) more optimal TP, SL (LEV etc..) levels... or do parallel trading.... Maybe do some parallel trading with lower leverage because if price prediction is correct, TP should be hit eventually.. if there was enough time/room for trade to develop... which is usually with lower leverage... Ok just ideas......
sometimes yes, sometimes a little early, my TE when it was active would have a few same unit trades at different levels or sometime just one, very rarely added inline, a single trade would go into profit without price widening enough to add, would take profit as and when, however, on open, if price widened enough, it would warrant another position opened, bigger than the first initial, martingale style approach, partly the reason 50/50 win to loose ratio yet the account accumulated, sometimes the trade would just be a looser and I would cut, next came over leverage, being too confident and the rest is history, house won!!
No regrets though, my initial capitol was a cent account, albeit lost, I gained some very good lessons, have to say, my vision of what I could see then was somewhat lost and I'm learning all over what and how again, trying to reemerge within the new start hopefully better armed against history, still have to get entries correct whatever path I'm on though.
Another story for another day but all was not lost, my demise led to a pure gamble elsewhere (with much less startup) that delivered more in week+ that 26 weeks trading ever returned me.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,668
  • May 14, 2020 4:15am May 14, 2020 4:15am
Morning all, bought a speculative Dow 23273 for a bounce, hourly chart been ranging a little since close of yesterday a break of 23296 then 23400 target to overcome, seemingly very little movement from the close could possibly lead to continuation down,bought in for the snapback from a thousand point fall, speculative it may return to the big round number 23500, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,669
  • May 14, 2020 4:19am May 14, 2020 4:19am
A close over the 26SMA would be a good start, been bouncing off this in the form of resistance 23244, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,670
  • May 14, 2020 8:19am May 14, 2020 8:19am
Dow short taking a hit at the moment, will see how the open plays and act from there, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,671
  • May 14, 2020 8:25am May 14, 2020 8:25am
23071 is resisance/ support, will need to break above, as it has bobbed up and down from previous will be looking to breach and stay above, it may go down from here creating a gap on open from yesterdays close, shall see soon enough.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,672
  • May 14, 2020 9:41am May 14, 2020 9:41am
Looking at the volume bars on the hourly chart, hopefully supporting some rise from here, also a strong candle forming if it holds, hoping this is one of my too early entry situations and comes good, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,673
  • May 14, 2020 9:46am May 14, 2020 9:46am
Have 23250 as a key price to continue past, this was a sell print, in order for this to confirm I'm looking for the current price to continue up without too much of a break creating other buy and sell prints, all of course if the price rises
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,674
  • May 14, 2020 9:49am May 14, 2020 9:49am
Looking like WTI getting a boost from here.
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,675
  • May 14, 2020 10:00am May 14, 2020 10:00am
Through 23070 res line, hopefully any drop back to bounce from here or better still carry on up!!
EDIT
Strong hourly bar 200+ with volume support, may be completely wrong though!!
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,676
  • May 14, 2020 10:03am May 14, 2020 10:03am
Quoting detector
Through 23070 res line, hopefully any drop back to bounce from here or better still carry on up!! EDIT Strong hourly bar 200+ with volume support, may be completely wrong though!!
M15 facing some resistance on trendline
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 36 KB
persistence and determination alone are omnipotent
  • #1,677
  • May 14, 2020 10:05am May 14, 2020 10:05am
Quoting Ll1979
{quote} M15 facing some resistance on trendline {image}
Hey Li, hourly chart meeting the 52 sma too, one to beat for sure, encouraging move and volume but all can turn on a dime, need to be on alert, and I need to go shopping soon, given the missus all excuses possible
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,678
  • May 14, 2020 10:07am May 14, 2020 10:07am
Speculative buy WTI 27.77 on alert for a bull trap, seen the dip and acted, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,679
  • May 14, 2020 10:33am May 14, 2020 10:33am
Quoting detector
Have 23250 as a key price to continue past, this was a sell print, in order for this to confirm I'm looking for the current price to continue up without too much of a break creating other buy and sell prints, all of course if the price rises
No break as yet and still valid
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,680
  • May 14, 2020 10:48am May 14, 2020 10:48am
Quoting detector
Through 23070 res line, hopefully any drop back to bounce from here or better still carry on up!! EDIT Strong hourly bar 200+ with volume support, may be completely wrong though!!
Perched as hoped and hope to continue, will be making decisions from this point, hold or fold, D
I don't need to be good at the game, only good enough to beat my opponent,
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