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The Veteran Floor Trader Method

  • #101
  • Edited 2:10am Nov 12, 2010 2:08am | Edited 2:10am
Hi,

I just give the system another try.
Attention this is not live! just paper work

i just include pullbacks that pierce one of the two EMA.
further i use a TSL based on candles an tech levels.

looking forward for your comments.

og
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  • #102
  • Edited 4:26am Nov 12, 2010 4:24am | Edited 4:26am
i have to add that i only trade first signal in a trend..
i experienced a way lower success rate also trading 2 or 3rd signals..

best,
og
  • #103
  • Nov 12, 2010 5:17am Nov 12, 2010 5:17am
SL got triggered. Profit for the trade 2.875%. (initial risk 1%)

now new signal around. keep you guys informed.

nice weekend,

ok
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  • #104
  • Nov 16, 2010 7:44am Nov 16, 2010 7:44am
i didnt do that one. but would also have been a nice set up..

og
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  • #105
  • Nov 16, 2010 11:14am Nov 16, 2010 11:14am
5 second trading went well for me last week, then yesterday threw me on my head. I need to learn how NOT to trade in a crappy market. Very important technique. Press the little X in the top right hand corner. Back on track today with some gains. I set tp's shorter today but would have been better off letting them run some.

http://img149.imageshack.us/img149/5587/98933262.jpg
  • #106
  • Nov 19, 2010 4:18am Nov 19, 2010 4:18am
guys keep an eye on that one...

og
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  • #107
  • Nov 19, 2010 8:07am Nov 19, 2010 8:07am
i know friday afternoon is not the best time.. therefore tight stop. 1% risk.
lets see if this trade gets triggered.

og
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  • #108
  • Nov 19, 2010 8:30am Nov 19, 2010 8:30am


this bernanke guy is the cause of that spike.. dont like ..
hopefully it works anyhow ..
  • #109
  • Nov 22, 2010 1:44am Nov 22, 2010 1:44am
Unfortunately i closed the open order and did not adjust it. Normally if pa further pulls back, entry is adjusted according new lower high and SL according new low.

Would have been an entry at 1.0046 and a SL at 1.0024 minus spread.

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  • #110
  • Nov 22, 2010 2:11am Nov 22, 2010 2:11am
isto thanks for this thread nd the moving average suggestions

i have found a very good way to see trends ,

9 ma simple
18 ma simple
18ma smoothed

check it out , again thanks isto for showing me this,i just added the smoothed,

rope tangling is funnn!!!
  • #111
  • Apr 6, 2011 5:27am Apr 6, 2011 5:27am
here are some trade history that might be interested
  • #112
  • Apr 6, 2011 6:48am Apr 6, 2011 6:48am
hi isto,
I am a bit confused (probably too much focused on my long USDJPY pos,). Are those results based on the veteran floor trader method?

cheers
og
  • #113
  • Apr 6, 2011 6:48am Apr 6, 2011 6:48am
Quoting isto
here are some trade history that might be interested
are you profiting from this system still every week ?

it is not working for me...
  • #114
  • Apr 6, 2011 6:53am Apr 6, 2011 6:53am
Quoting dragan53
isto thanks for this thread nd the moving average suggestions

i have found a very good way to see trends ,

9 ma simple
18 ma simple
18ma smoothed

check it out , again thanks isto for showing me this,i just added the smoothed,

rope tangling is funnn!!!


are the ma settings to the close ?

how would you identify the trend using these....
  • #115
  • Apr 22, 2011 9:34pm Apr 22, 2011 9:34pm
Hi Whatfx ,

Yes , 9ema to the close and 18ema to the close . Go to trading-naked.com and there is background info on the method along with chart set-ups. You can also add bollinger bands to enter trades sooner than waiting for a pull-back but it takes practice .


Hope this helps ,

EZ
" Master Your Set-Up , Master Yourself "
  • #116
  • Apr 23, 2011 1:07am Apr 23, 2011 1:07am
Nice trade using FTM enjoy
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  • #117
  • Apr 23, 2011 10:39pm Apr 23, 2011 10:39pm
Mr . Black ,


Nice charts and trade set-ups. I just posted about using the Floor Trader Method w/BB " Jimmer Bands ". Entering on the extremes of price at the BB reduces risk and draw -down in a trade but takes a little practice . Even if you do get stopped out , the risk should be small due to entering at the BB extreme of price .


Nice Charts and Trades ,

EZ
" Master Your Set-Up , Master Yourself "
  • #118
  • Dec 9, 2011 11:24am Dec 9, 2011 11:24am
Quoting whatfx
are the ma settings to the close ?
yes to close
Quoting whatfx
how would you identify the trend using these....
trend is visually clear. I do not need anything to define the trend, MAs only confitms.
  • #119
  • Apr 3, 2012 11:56am Apr 3, 2012 11:56am
Just to revive this thread.

Here are some trades I've made.

The same trades are also posted on my blog link in my signature.

Lookin' Good.

Can be applied to equities as well.
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Click to Enlarge Name: EURUSD After.jpg Size: 161 KB
Click to Enlarge Name: GBPUSD After.jpg Size: 149 KB
Click to Enlarge Name: USDCHF After.jpg Size: 157 KB
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  • #120
  • Apr 4, 2012 7:11am Apr 4, 2012 7:11am
2 Good trades today. Both winners.

I entered the USDJPY pair without a full signal from the BB bands trigger. But seeing the BB bands trigger on the EURJPY, and how the USDJPY and EURJPY are correlated (meaning that they move together in the same direction most of the time), I took the short on the USDJPY . Turned out well

Same post here:

http://abundance-in-trading.blogspot...od-trades.html
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY FTM.jpg Size: 140 KB
Click to Enlarge Name: USDJPY FTM.jpg Size: 159 KB
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