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The Veteran Floor Trader Method

  • #61
  • Sep 5, 2007 12:01pm Sep 5, 2007 12:01pm
Are you still trading this system? It seemed to be doing very well.
  • #62
  • Sep 5, 2007 1:05pm Sep 5, 2007 1:05pm
Isto.....
Good work on your strategy and thank you for sharing....
I have been using a similar strategy that I call trading momentum....your links have helped me further refine my system.....
Hope your still doing great.
Same Whore .... Different Dress
  • #63
  • Sep 10, 2007 7:20am Sep 10, 2007 7:20am
Quoting jarcrocker
Are you still trading this system? It seemed to be doing very well.
Yes I am.

This is the greatest and the simplest system I've ever found.

Did you try it?
  • #64
  • Sep 10, 2007 7:21am Sep 10, 2007 7:21am
Quoting johnedoe
Isto.....
Good work on your strategy and thank you for sharing....
I have been using a similar strategy that I call trading momentum....your links have helped me further refine my system.....
Hope your still doing great.
Thank you. Would you share your way of trading? It might help us refining this system
  • #65
  • Sep 10, 2007 10:05am Sep 10, 2007 10:05am
I have been demoing it on and off. It looks like it would also be good at reenty for a long-term trend follower. Here lately I've decided to cut back on systems testing and just do three and this is one I want to continue. I still have a hard time understanding your stop loss placement. I think I may be missing something. Are you still getting great results with this?
  • #66
  • Sep 10, 2007 10:31am Sep 10, 2007 10:31am
Also are you still adding positions at the break of every high or just riding the first one? I'm going to start demoing on the 4 hr, will post results.
  • #67
  • Sep 10, 2007 12:43pm Sep 10, 2007 12:43pm
Quoting jarcrocker
I still have a hard time understanding your stop loss placement. I think I may be missing something. Are you still getting great results with this?
I place 'em visually and keep them very tight. Experience shows that if movement does not continue, but hesitates - it's better to get out (taking losses) and re-enter later again.

The only problem I face is at the moment when trend (ends and) goes sideway. This is the moment where most of the losses are generated.
  • #68
  • Sep 10, 2007 12:47pm Sep 10, 2007 12:47pm
Quoting jarcrocker
Also are you still adding positions at the break of every high or just riding the first one? I'm going to start demoing on the 4 hr, will post results.
Depends. I add when previous at least two sessions are relatively equal. If last bar is greater than previous few - I don't
  • #69
  • Sep 11, 2007 11:15pm Sep 11, 2007 11:15pm
Seven trades total based on 4hr charts. 2 winners 5 losers. Tight stops are definitely required to make this profitable. I'm gonna tighten them up.
  • #70
  • Sep 12, 2007 3:04am Sep 12, 2007 3:04am
Quoting jarcrocker
Seven trades total based on 4hr charts. 2 winners 5 losers. Tight stops are definitely required to make this profitable. I'm gonna tighten them up.
I've never tried on TF less than daily but I doubt that it will be so effective on TF less than 4h...

But I did't check this.
  • #71
  • Sep 12, 2007 5:12pm Sep 12, 2007 5:12pm
Isto,

This is certainly a great approach. After reading your post I googled and found a result in trading-naked.com, a material on this type of trading with lot more information. Thought readers on this forum might be interested in.

http://www.trading-naked.com/FloorTraderMethod.htm

All the best

TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #72
  • Sep 13, 2007 2:07am Sep 13, 2007 2:07am
Quoting TradeStar
Isto,

This is certainly a great approach. After reading your post I googled and found a result in trading-naked.com, a material on this type of trading with lot more information. Thought readers on this forum might be interested in.

http://www.trading-naked.com/FloorTraderMethod.htm

All the best

TS
That was where Isto found the system in the first place.
He say so on his blog. It is linked from the first post in this thread.

Arctic4x
  • #73
  • Sep 14, 2007 9:23am Sep 14, 2007 9:23am
it's better for me if you put some Big chart with comment for simply understand the method


Thank you


Quoting isto
I've never tried on TF less than daily but I doubt that it will be so effective on TF less than 4h...

But I did't check this.
Financial Freedom
  • #74
  • Sep 17, 2007 1:12pm Sep 17, 2007 1:12pm
Quoting adelmonora
it's better for me if you put some Big chart with comment for simply understand the method
If you browse this thread you'll sertenly find some. If this bore you too much - here there are some links:
post #2, post #3, post #5

And also some charts are available here

HTH
  • #75
  • Sep 18, 2007 1:23am Sep 18, 2007 1:23am
i like this method.. it a simply a good entry method where you are limiiting your losses and max gain. best is i like system that trade with trend.

Quoting isto
If you browse this thread you'll sertenly find some. If this bore you too much - here there are some links:
post #2, post #3, post #5

And also some charts are available here

HTH
  • #76
  • Sep 18, 2007 2:15pm Sep 18, 2007 2:15pm
I see for the second time such a table.
I'm glad it's mine :surprised

I tend to clame this system as the best I've ever seen!

I've add 50% to the balance for two months
Attached Image
  • #77
  • Sep 19, 2007 3:20am Sep 19, 2007 3:20am
Thank you isto i see that,


what i mean it's to post and comment chart :

1 biggest like that

2 with your comment


This is only for learning.


Thank you
Financial Freedom
  • #78
  • Sep 19, 2007 7:40am Sep 19, 2007 7:40am
How exactly do you know when to bank all those pips. I know its best to let them run in a trend but without loosing to many whats the best way to know when to get out?
I thought maybe when the price action gets far enough away from the WMA in the direction of the trend try to exit before the pullback but not sure.
  • #79
  • Sep 20, 2007 6:58am Sep 20, 2007 6:58am
Quoting adelmonora
Thank you isto i see that,


what i mean it's to post and comment chart :

1 biggest like that

2 with your comment


This is only for learning.


Thank you
It is in my TODO list. Unfortunately it is hard to trade, post and prepare charts with comments for review.

I hope I'll make it soon...
  • #80
  • Sep 20, 2007 6:59am Sep 20, 2007 6:59am
Quoting FiboFan
How exactly do you know when to bank all those pips. I know its best to let them run in a trend but without loosing to many whats the best way to know when to get out?
I thought maybe when the price action gets far enough away from the WMA in the direction of the trend try to exit before the pullback but not sure.
When to exist is another science. It is hard (for me) to say. I have no stright rules for this.
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