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Cutting the cord with M1 scalps

  • #461
  • May 2, 2016 6:56am May 2, 2016 6:56am
Quoting mongolian
{quote} Took me a while to find the 'orange' line. I'm getting old. Maybe I should get my eyes checked. Nothing wrong with loving this. I've got to do A LOT of basketball coaching this year, a little baseball coaching as well (perks of having 3 boys). Anyway, the thing that I've really been driving home with these guys are #1, Being excellent isn't something you get to decide to do when you feel like it. You have to work at excellence all the time. How I parlay that to trading - Be excellent at losing as well as be excellent at winning. It's a tough...
Are you still using the same system Mongo? Still trading full time?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #462
  • May 2, 2016 5:37pm May 2, 2016 5:37pm
Quoting capstone
{quote} Are you still using the same system Mongo? Still trading full time?
I find myself binge trading. I'll trade a lot for a while, then I won't for a while. Kind of like I watch Netflix. Mostly just my choice. I've been working on a variation of my trading system, shortened down, using small range bars. Same principals, smaller 'time frame' - smaller (sometimes) pip targets.
  • #463
  • May 4, 2016 6:22am May 4, 2016 6:22am
I was waking my youngest up for the day when this signal bar showed up...too bad. That is almost my entire day's goal in that trade! Nice and reliable setup.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #464
  • May 11, 2016 2:15pm May 11, 2016 2:15pm
5RB
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #465
  • Jun 9, 2016 8:05am Jun 9, 2016 8:05am
5RB, 40 LWMA, 13 LWMA, 8 CCI. Not sure the CCI is needed. Original TP was the BRN, but I shut it at 10. Nervous I suppose. It was for ten cents a point. Emotion...
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #466
  • Jun 22, 2016 9:43am Jun 22, 2016 9:43am
Sticking with the quicker MAs. 18 LWMA and 8. CCI not used. 5RB
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #467
  • Jun 22, 2016 10:30am Jun 22, 2016 10:30am
Same chart with 18 LWMA and 34 LWMA. I find myself needing the confirmation of 2 MA's. I know I'm trading price and not the MAs but it seems to add confidence to my psyche about the trade. I'm going to run this set up for two weeks with no change. That's a big deal for me....
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #468
  • Edited 6:37am Jul 27, 2016 6:15am | Edited 6:37am
Entered based on CCI at -100 with pinbar off of the 50 LWMA. Probably should have waited for it to close above the 10 LWMA before entering. Exit based on quarter line.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #469
  • Jul 27, 2016 6:45am Jul 27, 2016 6:45am
The same chart without the orange 34LWMA. A little cleaner.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #470
  • Jul 27, 2016 7:57am Jul 27, 2016 7:57am
Followed that win, with this loss.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #471
  • Edited 12:25pm Jul 27, 2016 9:47am | Edited 12:25pm
My day on GJ. You can see I changed my MA's a bit. This chart reflects an 8LWMA and a colored 21 LWMA with a RB5. The second sell would not have been taken on this chart like it was on the other chart.

Rules:
Entry 1: Take position in direction of 21 LWMA when CCI hits 100 or -100 then reverses. If price closes on opposite side of 21, no trade. Trade should be in the direction of the AO ( over or under 0), which may be replaced with a 55 LWMA on the chart. They show the exact same thing in relation to price.
Entry 2: Look for price to break last high or low after breaching the 8. Once that has happened, wait for a pullback, then enter when it returns in same direction. Basically a BPC trade.

Target is quarter lines, unless price is cruising past them quickly. Will consider making it an opposite close of the 21 LWMA.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #472
  • Jul 27, 2016 9:51am Jul 27, 2016 9:51am
I was talking with my accountant the other day and she told me to run from FX and Futures because everyone she does taxes for who trade these, "lose their shirts". I happen to know several people that are not only making profit, but are making their living doing this. It is possible. I plan on taking a positive return to her in the spring!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #473
  • Jul 28, 2016 1:27pm Jul 28, 2016 1:27pm
Quoting capstone
I was talking with my accountant the other day and she told me to run from FX and Futures because everyone she does taxes for who trade these, "lose their shirts". I happen to know several people that are not only making profit, but are making their living doing this. It is possible. I plan on taking a positive return to her in the spring!
Way to go Cap. Good luck.
every Saint has a past. Every Sinner has a Future
  • #474
  • Aug 4, 2021 12:51pm Aug 4, 2021 12:51pm
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #475
  • Last Post: Aug 4, 2021 1:41pm Aug 4, 2021 1:41pm
Capstone,

Find attached the link to the study collection with alert you requested. (FF wont let me attach the Sierra file type)

Download and place file in your data folder, then load the study collection via Analysis menu.

Best,
N

https://drive.google.com/drive/folde...wl?usp=sharing



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