mesayah
658 posts
msg #86625
- Ignore mesayah |
1/20/2010 12:46:11 AM
No. i get most of it, it's just i wish there was a midday version so i can sleep. i realize most of the steam has gone by then.
I like this system but would prefer to go long or short and not skim. I looked at it and though you get some flat profit days that way, you also get some grandslams when you ride it out and only change from zone to zone.Some days as much as $5,000 based on 100g. So i know you said it should be obvious or we are goofs if we don't understand everything but, if i'm playing LET IT RIDE and not scalping i should wait to go long after green after missing the full red zone taking a .40 loss correct?
Because even with the loss long term it's still profitable.
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chetron
2,817 posts
msg #86630
- Ignore chetron |
1/20/2010 6:52:44 AM
mesayah
- Ignore mesayah 1/19/2010 3:56:16 PM
I want a system for lazy mid-day people.
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GET A BROKER. = D
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mesayah
658 posts
msg #86661
- Ignore mesayah |
1/20/2010 1:51:27 PM
5 crossovers and playing LET IT RIDE, is causing me to drink Laphroaig heavily. Today would have been a good scalping day. but scalping brings smaller profits and you still are a slave to the monitor all day waiting for a crossover. What, i should scalp 200 bucks? Sorry. i don't have that much discipline when i look back and see a $5g run... Either way you will kick yourself.
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TheRumpledOne
6,529 posts
msg #86761
- Ignore TheRumpledOne |
1/21/2010 6:54:32 PM
Mind meld...lol
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mesayah
658 posts
msg #86762
- Ignore mesayah
modified |
1/21/2010 7:19:24 PM
RIMM would have reamed you good today in and out of the zone 7 times with minimal range, moving quickly and losing dimes with every false signal... Back to the drawing board tro...
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TheRumpledOne
6,529 posts
msg #86816
- Ignore TheRumpledOne |
1/22/2010 3:59:26 PM
Perhaps you need the drawing board. I don't.
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mesayah
658 posts
msg #86822
- Ignore mesayah |
1/22/2010 4:33:24 PM
Has anyone attempted to use Trade Station. Why do you fear automated trading.
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Eman93
4,750 posts
msg #86825
- Ignore Eman93 |
1/22/2010 5:01:30 PM
TRO once said you need to think like a computer......
Somewhere in this thread I posted some some results using Wealth Lab... it was very interesting but havent worked on it..
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stratiG
147 posts
msg #86826
- Ignore stratiG
modified |
1/22/2010 5:09:40 PM
mesayah
- Ignore mesayah
modified 1/21/2010 7:19:24 PM
RIMM would have reamed you good today in and out of the zone 7 times with minimal range, moving quickly and losing dimes with every false signal... Back to the drawing board tro...
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7 trades? Can you post a chart and explain your trades? Thanks
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mesayah
658 posts
msg #86909
- Ignore mesayah
modified |
1/24/2010 1:50:24 PM
So i had my doubts with this method because my first day trading was a $700 loss then i traded it again with a modified buy zone and made 850 so my question to you or anyone is about the stop loss. And since you don't like modification questions, has anyone done a comparison as to the more advantages place to put the stop loss? For instance, would it be suicide to place it ..01 or .03 or .06 below your buy price, Has anyone estimated how many dips price makes below the .10-.20 level. Or is it better to take 1 bigger lose lets say at .20. I wonder which would be cheaper considering commissions and number of dips.
For instance
It would be cheaper to place sell price .02 below buy if on average it dipped back down 3 times than if you set it at .20-.40 and dipped to that level 1-2 times.
Also is the sell place .20 or .40 below the buy zone. Because if it's from 1 zone to the other, i think it's too extreme after back testing 50 days.
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