It started ok, but the strategy didn't get me out. It gave me a box that said I was in the market. I'm trading "CL", and I'm using NT 6.5 and then it said your strategy had an error trying to get out of the position. It just
gave me boxes. I got out of the boxes and I was still live so I had to call the trade desk and get flat. I was thinking I could use my strategy to get in right click and do a flatten all in the strategy box. If my strategy can't
get me out, I'm in deep dog dd! I think there is just an "exit long" or "exit short" and that should work. But anyway, I'm scared. I didn't get hit too bad. I'm down 140 bucks. I'm at Mirus. They gave me a good deal, a thousand per contract to trade CL. So, I have to study, study, study, manage, manage, manage, educate, eduucate, educate, learn, learn, learn! Any help, I would appreciate it!
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
Posts: 798 since Oct 2009
Thanks: 216 given,
just attended a presentation by the guys over at Symmetry Indicators,
they haven't ported over to NT7 yet, but are in the process, and it was one of the most impressive presentations that I have ever heard or seen over a webinar, not to be pushing or selling or endorsing their product.
the thing I liked the most was he lives in Florida, and is on the beach daily by 11am or there abouts, because he has already ripped the markets of his daily bread.
now that's the lifestyle to shoot for!
so, question, this thread is only coincidental in name or does it come even close to his approach?
I noticed there were more facets to his approach than just his symmetry dots,
usage of the often quoted Doji and Hammer pattern in quick order, which comprises a triangle pattern and projects a typical squeeze play
usage of the vastly longer term time frame and then the micro time frame to time the entry, trail and exit points
usage of predictive patterns that other majors (mutual fund operators, hedge funds and other large institutions) trade around
recommendation that on news days, trading at least 1min after the news events and being in there participating heavily.
regarding news event trading, has anyone else noticed the huge sweep orders that establish those long tails on either side of the candles? these orders ruin the best of the well placed orders that are resting on either side of a news event, and often rip one's accounts with maximum stoploss in under 1min.
While I can't speak for the value of his current product in Symmetry Indicators, I suggest you Google "Jay Wireman" before getting too excited about this. That does not mean to suggest that he couldn't have somehow stumbled upon something useful.. only that you should always carefully check out whom you would be dealing with if you were to pursue it.
Coincidence only, @Maletor was referring to an indicator/system I wrote a long time ago. Please create a new thread in the Vendor section to discuss the commercial business/indicator.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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