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  • #528,201
  • Aug 19, 2011 10:18am Aug 19, 2011 10:18am
Quoting attila
That's one way of doing it. I prefer to forget about half of the equation and only focus on targets. That's where the profit lives. It always worked for me. If the target becomes invalid, trade closed at a loss, whatever that loss might be.
Such strategies work too. Like your title quotes it... those kinds are a matter of managing your margin...
  • #528,202
  • Aug 19, 2011 10:19am Aug 19, 2011 10:19am
It's all a ponzi scheme V. It's always been... Understanding this would keep one out of a lot of trouble.

Quoting Venice
A friend of mine's rant on facebook... a debate going on about current times... this man is a genious at times...

------------------------------------------------------
the global economy is a very complex, interconnected system with a lot of forces at work that most average people don't think about or would understand completely. It is a bad thing to have more debt than we can pay and have no plan for getting out of it - a nation should not consider "bankruptcy" as a valid option! That said, the entire basis of our "wealth" in stocks...
  • #528,203
  • Aug 19, 2011 10:20am Aug 19, 2011 10:20am
Quoting yoursong
Such strategies work too. Like your title quotes it... those kinds are a matter of managing your margin...
It's how I learned to trade from my mentor (mp) and that's how it's gonna be.
  • #528,204
  • Aug 19, 2011 10:20am Aug 19, 2011 10:20am
i still think 14150 today，really
  • #528,205
  • Edited 10:35am Aug 19, 2011 10:22am | Edited 10:35am
Quoting attila
Thanks gator. What's your trigger?
i started using marx.. and another someone wanted me to test. i cant give that one out. but you can use any indi that don't repaint,, and go see where they agreed and it was a good trade. .. then just look for the same picture at a s/r and repeat.. with a tight stop.. marx has to be above 80 or below 20..... you will have to find the sweet spot on the other you use. the ma one alone can make money.. but alone it less of a move..i want a 40pip moved min.. s/r can be anything such as a fib or a ma.. i like a solid s/r.. the ma levels i see posted here often agree. some of the s/r i use is pre 2007
you don't want to be in every trade. so cherry pick the ones with the biggest move potential. since your indis are doing exactly what everyone says your not supposed to do. (calling a top or bottom) at least st. the previous move is your target. the last base... supply demand or whatever you want to call it.. the mid point to it.. some profit should be taken.. if your entry was at a strong s/r and it comes back.. you will be stopped out at b.e.... but if you had taken some profit.. you can move your s/l to the other side of s/r... protecting your s/l some.. and it a free protected trade as long as the s/r holds... that's why i post many times a particular # is protected. be the way pa reacts.
Attached File(s)
File Type: ex4 MA_of_RSX.ex4   5 KB | 657 downloads
those who can, do. those who cant, talk about those who can
  • #528,206
  • Aug 19, 2011 10:22am Aug 19, 2011 10:22am
Quoting attila
It's all a ponzi scheme V. It's always been... Understanding this would keep one out of a lot of trouble.
I tend to think it gets me in more trouble... I don't know how to keep my mouth shut... lol!
  • #528,207
  • Aug 19, 2011 10:23am Aug 19, 2011 10:23am
Quoting attila
It's how I learned to trade from my mentor (mp) and that's how it's gonna be.
The one thing that is indeed better about tight SLs with good R:R if it is done right its way more profitable but if it works for you keep it like that and milk it as much as you can. Who knows how regulations will change in the not so distant future...
  • #528,208
  • Aug 19, 2011 10:23am Aug 19, 2011 10:23am
Quoting fatpanda
i still think 14150 today，really
i am holding short don't say that

may be its time to put it in your signature
Mohan
  • #528,209
  • Aug 19, 2011 10:25am Aug 19, 2011 10:25am
Retaken long to see 4402.continued down ,so at & below .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #528,210
  • Aug 19, 2011 10:25am Aug 19, 2011 10:25am
keep thinking, think harder YOU will get there

Quoting fatpanda
i still think 14150 today，really
  • #528,211
  • Aug 19, 2011 10:25am Aug 19, 2011 10:25am
Quoting fatpanda
i still think 14150 today，really
Yeah ... and I think I switch you off now ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #528,212
  • Aug 19, 2011 10:27am Aug 19, 2011 10:27am
i live in Venus. our day is 243 earth days so we might get there still today!

Quoting fatpanda
i still think 14150 today，really
dreams do come true.
  • #528,213
  • Aug 19, 2011 10:28am Aug 19, 2011 10:28am
Quoting mercy seat
Yeah ... and I think I switch you off now ...
done ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #528,214
  • Edited 10:41am Aug 19, 2011 10:28am | Edited 10:41am
Quoting attila
Today I traded with Stop Losses, and I lost. Fu*k that shit up man.
Honestly, a, as experienced as you are, they probably work against you, IMO. In automation, they have to be used.

Last night, I had 4 stopped (and rolled over) moves netting a loss of 46, the last one from 6:31E to 6:53E, when it got long at 4304 and is still hanging in around 100 positive (it's going flat here soon; I don't like the "feel" of the fundamental background to hold the weekend). At least one of those, I would never have taken had it been traded live.

But the point is, if it hadn't mindlessly rolled right back in for this last move, the day could easily have sucked. That's a component of positioning to profit from trends: usually, 80% of moves happen in the first 20% of the clock time. With "human" placed resting stops, there's a tendency (and sometimes a reason) to not rollover, even if trading at the screen, you would have.

EDIT: While writing this post, put in a 4405 trigger while it was trading 10-ish, and it fired.

Stay cool. I'm going someplace where it isn't over 100 every day for the weekend.
  • #528,215
  • Aug 19, 2011 10:29am Aug 19, 2011 10:29am
Quoting pipper
chick-chicky-boom, chick-chicky-boom
Last trade of the day
15MIN chart , wounder if we can c 4310 today
Let's watch
My [email protected]
Attached Image (click to enlarge)
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  • #528,216
  • Aug 19, 2011 10:30am Aug 19, 2011 10:30am
Quoting attila
It's all a ponzi scheme V. It's always been... Understanding this would keep one out of a lot of trouble.
"the ugly truth is that the problem lies not with monetary policy but in the need to construct a modern, appropriate set of fiscal and regulatory levers and pulleys to better incentivize the private sector to channel money into productive use in expanding our economy and enriching our people. Only Congress, working together with the president, has the power to write the rules and provide the incentives to correct the course of the great ship we know and love as America. I hope you, as the voters who put them in office, will demand no less of them." http://dallasfed.org/news/speeches/f...1/fs110817.cfm
Do your time and enjoy the ride...
  • #528,217
  • Aug 19, 2011 10:37am Aug 19, 2011 10:37am
I agree with you. I tried what everybody is talking about. This is not the first time.... It just doesn't work out for me.

I have longs all the way up there, It didn't keep me from shorting on the way down. It would have been nice to not get stopped out so much on the way up today....

I said it many times here, people should not do what I do because I use pretty low trade size compared with my equity (but many of them) + a bunch of other tricks just to keep the margin sane...


What usually happens, you have to go through a full cycle to see the results. Yes I have floaters both ways but the wrong ones tend to decrease in number as we move the other way.....
Quoting OldQuant
Honestly, a, as experienced as you are, they probably work against you, IMO. In automation, they have to be used.

Last night, I had 4 stopped (and rolled over) moves netting a loss of 46, the last one from 6:31E to 6:53E, when it got long at 4304 and is still hanging in around 100 positive (it's going flat here soon; I don't like the "feel" of the fundamental background to hold the weekend). At least one of those, I would never have taken had it been traded live.

But the point is, if it hadn't mindlessly rolled right back in...
  • #528,218
  • Aug 19, 2011 10:38am Aug 19, 2011 10:38am
Quoting egkid
Last trade of the day
15MIN chart , wounder if we can c 4310 today
Let's watch
My [email protected]
I hope we get to 14360 if not maybe monday! Just added another short 14395 with TP@ 14385
  • #528,219
  • Aug 19, 2011 10:40am Aug 19, 2011 10:40am
Excellent trade EK.. You greedy boy

Quoting egkid
Last trade of the day
15MIN chart , wounder if we can c 4310 today
Let's watch
My [email protected]
Disclaimer: Check your 1m charts
  • #528,220
  • Aug 19, 2011 10:41am Aug 19, 2011 10:41am
Quoting mario83
I hope we get to 14360 if not maybe monday! Just added another short 14395 with TP@ 14385
Don't b in rush , New week new trading chance
I locked my profit and let only this position run before day end depends on move of PA i might close
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