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Williams%R, SAR X-over 15 minute candles

  • #2,221
  • Oct 27, 2021 1:40am Oct 27, 2021 1:40am
Quoting rockypoint
Sorry I haven't been around lately. First update on my students out of 15, 9 were able to become funded traders. All 9 have been profitable so far averaging about $100 a day. 6 of the 9 were women. There were 8 men and 7 women total who I taught. Basically the women showed way more discipline following money management rules and trading plan. I've been a little overwhelmed latley, since my vaccinated wife got a bad case of covid delta variant. Just no time for forex factory. Wife seems to have turned the corner last couple of days. So maybe things...
Hi Rocky.
Wishing your wife a speedy recovery, and tranquility for yourself.
  • #2,222
  • Oct 27, 2021 1:44am Oct 27, 2021 1:44am
Quoting rockypoint
Sorry I haven't been around lately. First update on my students out of 15, 9 were able to become funded traders. All 9 have been profitable so far averaging about $100 a day. 6 of the 9 were women. There were 8 men and 7 women total who I taught. Basically the women showed way more discipline following money management rules and trading plan. I've been a little overwhelmed latley, since my vaccinated wife got a bad case of covid delta variant. Just no time for forex factory. Wife seems to have turned the corner last couple of days. So maybe things...
Interesting on the progress of the traders. So, going forward, what is the plan? Will the 9 get more and more capital and increase size as they get better? Is the plan to have a prop firm setup, or will they be released to trade on their own in the near future? Are you taking more students after these?
  • #2,223
  • Oct 27, 2021 10:32am Oct 27, 2021 10:32am
Quoting rockypoint
Sorry I haven't been around lately. First update on my students out of 15, 9 were able to become funded traders. All 9 have been profitable so far averaging about $100 a day. 6 of the 9 were women. There were 8 men and 7 women total who I taught. Basically the women showed way more discipline following money management rules and trading plan. I've been a little overwhelmed latley, since my vaccinated wife got a bad case of covid delta variant. Just no time for forex factory. Wife seems to have turned the corner last couple of days. So maybe things...
Sorry to hear about your wife. Hope she gets better as soon as possible.
  • #2,224
  • Nov 1, 2021 10:37am Nov 1, 2021 10:37am
No I'm good with 9 traders, they are trading with a prop firm now, I paid their subscriptions. Set up a trading room with computers. Now that they are making money, I'm paying their data feeds for 2 months after that they are responsible for expenses. If they want bigger accounts they'll have to meet goals companies have set. Right now it looks like 2 of the women will hit $4-5K for the month, 5 in
1k-1.5k range and last 2 $500-1K.
Just as an example the min. wage here is 142 pesos a day about $7. The 2 women will have made 80k-100k peso, 5 others 20k-30k and last 2 10k-20k. Compared to avg. monthly salary of in Sonora of just under 6k pesos. They are entitled to 80% of what they made. Now I'm trying to get them not to go crazy spending, teaching personal money mgmt., and have an accountant coming this week to talk with tem about tax consequences. All of them have parents who are sacrificing to pay for their college so I'm encouraging them to start helping them out. Also they must stay in school, if not I'll cut them loose.
  • #2,225
  • Nov 1, 2021 11:44pm Nov 1, 2021 11:44pm
Quoting rockypoint
No I'm good with 9 traders, they are trading with a prop firm now, I paid their subscriptions. Set up a trading room with computers. Now that they are making money, I'm paying their data feeds for 2 months after that they are responsible for expenses. If they want bigger accounts they'll have to meet goals companies have set. Right now it looks like 2 of the women will hit $4-5K for the month, 5 in 1k-1.5k range and last 2 $500-1K. Just as an example the min. wage here is 142 pesos a day about $7. The 2 women will have made 80k-100k peso, 5 others...
Good to hear that.
But are you teaching them the same method which is in this thread? If so you must also teaching them MM which you have not discussed here.
  • #2,226
  • Nov 2, 2021 12:22pm Nov 2, 2021 12:22pm
No I'm not specifically teaching them the method on this thread, they have 5 systems I've taught to choose from. Of course I've taught them MM. I still trade this system along with 2 others. The system is not the most important part of trading. Discipline, PA and MM are more important, systems provide hints of possibilities. As far as systems I trade 3 because sometimes 1 will start to feel stale and I need a visual change, but tha's me. I've taught my students to use what's comfortable for them right now. That includes changing time frames some times I like it fast and use 1 min. charts, when I want to slow it down 5 mins., right now I'm trading 3 min. Today I traded this system nice wins on ES and NQ and a loser on the YM
  • #2,227
  • Nov 3, 2021 12:05pm Nov 3, 2021 12:05pm
Passed on trading today indexes directionless.
  • #2,228
  • Nov 3, 2021 11:30pm Nov 3, 2021 11:30pm
Hello Mr.Rockypoint


I read the first post and it's use william%r and parabolic only
but at the later page, there are a picture of chart using ADX, MA, ect....

I'll be honest here i dont read all the post from page one...

if you be so kind to update me wich post is the latest and updated strategy?
and can the strategy be use on gold and s&p500?


Thank you Sir
  • #2,229
  • Nov 5, 2021 6:15pm Nov 5, 2021 6:15pm
The thread's system uses the WPR 16 period, 20 ema and PSAR. You will see other systems posted here by me, they all would be usable on gold and indices. They are all systems I have used profitably, how ever please note they are also discretionary systems requiring use of PA for confirmation. Indicators show possibilites not written in stone trades. I suggest you spend some time reading the thread if you wish to understand it and how I trade. The systems show all require an understanding of PA, if you are looking for a purely mechanical system it won't be on this thread. This most important parts of trading are discipline/psychology, PA, MM, the system in that order.
  • #2,230
  • Dec 4, 2021 6:17pm Dec 4, 2021 6:17pm
Would love to hear how you and your students are doing with this increase in volatility, rockypoint!
  • #2,231
  • Dec 7, 2021 11:07am Dec 7, 2021 11:07am
All 9 are have been doing well and are profitable, from $1000 up to 6K. 2 of the women who trade together and only trade the ES now just hit it big today. 120 ticks $1500. These 2 just may wind up teaching me. They wanted to let the trade run and kept asking me if it was OK? Kept telling them it your decision but protect you profits. It was a blast watching them dance around the room. If you notice they revised the system by removing PSAR and adding RSI, they also have another chart where they removed the WPR and replaced with the Awesome Oscillator. Of course as both are Hello Kitty fans the charts are pink LOL.
Attached Image (click to enlarge)
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  • #2,232
  • Dec 7, 2021 12:43pm Dec 7, 2021 12:43pm
Heading out with my wife today, to talk with some of the business owners we know. Trying to drum up enough cash to purchase laptops
all my students. We'll match any money they donate. Found a couple of reasonable laptops that should be great for trading
  • #2,233
  • Dec 11, 2021 10:37pm Dec 11, 2021 10:37pm
Quoting rockypoint
No I'm good with 9 traders, they are trading with a prop firm now, I paid their subscriptions.
Hi Rocky, can you let us know which prop firm they are with? Do you have any other recommendations regarding prop firms for trading futures? Thanks.
  • #2,234
  • Dec 13, 2021 1:26pm Dec 13, 2021 1:26pm
Depends on what you want to trade.
  • #2,235
  • Dec 14, 2021 11:07am Dec 14, 2021 11:07am
My 2 best traders today surprised with a new system for trading the 6e will post it later. On the way out now
  • #2,236
  • Dec 14, 2021 1:08pm Dec 14, 2021 1:08pm
Here we go these 2 ladies who have been working together, are full of ideas and super focused. They have been asking me about trading the 6E and I told them to give it a try. They pulled a new system out to do it which I very much like the look except for the violet background lol. They applied heiken ashi to a 5tick renko bar chart, added an indicator that draws swing hi/lo's and used a 10 period WPR. Today worked pretty damn good, we'll see what happens going forward.
Attached Image (click to enlarge)
Click to Enlarge Name: yy2.PNG Size: 71 KB
  • #2,237
  • Dec 14, 2021 1:10pm Dec 14, 2021 1:10pm
I'm prroud of all these people, but these 2 are something else. Smart, focused, hard working and constantly reading. BTW they traded the ES also for a very good day, think they will be offered larger account to trade going into the new year.
  • #2,238
  • Dec 14, 2021 1:39pm Dec 14, 2021 1:39pm
Quoting rockypoint
I'm prroud of all these people, but these 2 are something else. Smart, focused, hard working and constantly reading. BTW they traded the ES also for a very good day, think they will be offered larger account to trade going into the new year.
Amazing indeed! They do not seem to fear the market. When you say they are constantly reading, do you guide what they read? Are they reading to improve the system on their current time frame, or are they free to read totally different tactics, like h1 trading etc?
  • #2,239
  • Dec 14, 2021 3:27pm Dec 14, 2021 3:27pm
The advantage of being young. No they bring books and articles, videos to me and ask should we? I always say yes unless it's touting the Holy Grail. Yes i encourage learning different tactics, systems. But they are daytading so I don't love TF above 30 min.
  • #2,240
  • Dec 15, 2021 7:46pm Dec 15, 2021 7:46pm
Quoting rockypoint
The advantage of being young. No they bring books and articles, videos to me and ask should we? I always say yes unless it's touting the Holy Grail. Yes i encourage learning different tactics, systems. But they are daytading so I don't love TF above 30 min.
From your answer I just realized one huge advantage of starting off successful: when you come across false information or unrealistic, losing strategies, you can immediately smell them from a distance and ignore them, since in any case you have a successful system already. However, when you begin your trading career failing many times, years, you are not sure what works, and you can easily carry on trying something new all the time. In that case it will take some serious reality check and effort to go back on the right track, unlearn some stuff and succeed. Fortunately there are many examples of people who started off failing and then succeeded. You are one of them. It can be done.
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