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Search: Posts Made By: mwtzzz
Forum: Commodities June 27th, 2018, 08:58 PM
Replies: 19
Views: 3,525
Posted By mwtzzz
i mean that you're not seeing a bunch of 5+tick...

i mean that you're not seeing a bunch of 5+tick breakouts in a row. You're waiting for the first one to happen within the past 10-20 minutes or more.

A tick is the smallest movement of price. In...
Forum: Traders Hideout March 27th, 2018, 12:34 PM
Replies: 11
Views: 4,278
Posted By mwtzzz
The thing that makes trading difficult (some...

The thing that makes trading difficult (some would say impossible) is because it is has been shown mathematically that the prices of products traded in open markets are not predictable:

History...
Forum: Commodities March 25th, 2018, 06:28 PM
Replies: 19
Views: 3,525
Posted By mwtzzz
In crude oil, when you see a 5+ tick breakout...

In crude oil, when you see a 5+ tick breakout that happens in a one-second period, there's about 90% probability of follow-through for another 5 ticks given the following:

* the breakout does not...
Forum: Commodities February 15th, 2018, 11:59 AM
Replies: 19
Views: 3,525
Posted By mwtzzz
I came to the conclusion that the only possible...

I came to the conclusion that the only possible way to consistently make money trading futures is only to trade breakouts in the direction of the breakout and hold it for a relatively short period....
Forum: Commodities February 6th, 2018, 06:20 PM
Replies: 19
Views: 3,525
Posted By mwtzzz
Sorry, but that's not the kind of event I'm...

Sorry, but that's not the kind of event I'm talking about. I'm talking about where the price goes about 20 ticks in one direction within a matter of a second or two. Then comes immediately back in as...
Forum: Commodities February 6th, 2018, 02:27 PM
Replies: 19
Views: 3,525
Posted By mwtzzz
Question about very large, rapid whipsaw movement

Once in a while in gold (gc) or oil (cl) you'll see a very large, almost instantaneous movement of twenty or thirty ticks in one direction, followed by an equally large and rapid movement in the...
Forum: MultiCharts January 25th, 2018, 06:43 PM
Replies: 5
Views: 1,115
Posted By mwtzzz
Thanks for the info, it's good to know.

Thanks for the info, it's good to know.
Forum: EasyLanguage Programming January 23rd, 2018, 12:06 PM
Replies: 6
Views: 3,737
Posted By mwtzzz
Got it. Thanks!

Got it. Thanks!
Forum: EasyLanguage Programming January 23rd, 2018, 12:01 PM
Replies: 6
Views: 3,737
Posted By mwtzzz
How would one code this in EasyLanguage? I see...

How would one code this in EasyLanguage? I see the setting to enable IntraBar order generation to "True", but I can't see any Buy or Sell commands that use it. (buy and sell require at bar close or...
Forum: MultiCharts January 22nd, 2018, 10:45 PM
Replies: 5
Views: 1,115
Posted By mwtzzz
Fairly painless Multicharts setup?

I'd like to find a platform where I can automate my trading strategy based on second-by-second price data. Etrade doesn't offer it. Tradestation only has one-minute bars.

It seems Multicharts is...
Forum: EasyLanguage Programming January 22nd, 2018, 01:56 PM
Replies: 6
Views: 3,737
Posted By mwtzzz
Is possible realt-time (intrabar) trading with EasyLanguage/TS?

A few years ago I looked into EasyLanguage on the TS platform. The thing that dissuaded me from using it was that I couldn't see a way of trading real-time prices (or prices that are no older than a...
Forum: Traders Hideout April 17th, 2013, 10:13 AM
Replies: 72
Views: 37,712
Posted By mwtzzz
There's too much unpredictability for there to be...

There's too much unpredictability for there to be a way to discern the "effectiveness" of one method over a different method. Regardless of which approach you choose, there's a super-thin fine line...
Forum: Psychology and Money Management March 24th, 2013, 12:12 PM
Replies: 75
Views: 19,361
Posted By mwtzzz
There's two ways to get a reasonable estimate of...

There's two ways to get a reasonable estimate of your long term return: one is to do sufficient backtesting, the other is to trade over a period of a couple years and see what it averages out to....
Forum: Psychology and Money Management March 20th, 2013, 01:18 PM
Replies: 55
Views: 11,951
Posted By mwtzzz
Interested folks might check out my homepage...

Interested folks might check out my homepage where I have a trading section summarizing my views. I compiled some information there so I wouldn't have to keep typing the same stuff over and over on...
Forum: Psychology and Money Management March 20th, 2013, 01:16 PM
Replies: 117
Views: 32,970
Posted By mwtzzz
My homepage has a trading section that summarizes...

My homepage has a trading section that summarizes my views on trading. In my opinion, long term success hinges on whether or not you do the things listed in the "Guidelines" section.

Is long term...
Forum: Psychology and Money Management March 18th, 2013, 07:50 PM
Replies: 117
Views: 32,970
Posted By mwtzzz
Yeah, don't take it literally. It's just to make...

Yeah, don't take it literally. It's just to make the point that greater returns = greater risk.
Forum: Psychology and Money Management March 18th, 2013, 02:22 PM
Replies: 117
Views: 32,970
Posted By mwtzzz
Yes, most of those "success" stories are...

Yes, most of those "success" stories are temporary and involve substantial risk, much more than the average person would be comfortable with. In fact, many of the traders behind those stories later...
Forum: Psychology and Money Management March 18th, 2013, 10:01 AM
Replies: 75
Views: 19,361
Posted By mwtzzz
"Consistency" is the word to focus on. It's...

"Consistency" is the word to focus on. It's something that unfortunately does not describe trading or the markets. In fact, one thing you can bank on is the opposite of consistency; you can expect...
Forum: Psychology and Money Management March 16th, 2013, 10:41 AM
Replies: 75
Views: 19,361
Posted By mwtzzz
It is generally understood that the best...

It is generally understood that the best traders/funds make 20-30% annual net return over a several year timeframe. Use this as a "best case scenario" in calculating whether you can afford to make...
Forum: Trading Journals March 16th, 2013, 10:32 AM
Replies: 206
Views: 41,539
Posted By mwtzzz
It's those large/unlimited loss scenarios that...

It's those large/unlimited loss scenarios that eventually cause a world of hurt. It's best not to use those kind of trading strategies. You can set up credit spreads with a known limited risk...
Forum: Currencies March 16th, 2013, 10:00 AM
Replies: 120
Views: 153,955
Posted By mwtzzz
Just a couple observations. there's is no...

Just a couple observations.


there's is no "easy" versus "difficult" trading. No "less risky" versus "more risky." It's all the same risk and difficulty
no matter which product or market you are...
Forum: Emini and Emicro Index March 14th, 2013, 10:56 PM
Replies: 3
Views: 2,336
Posted By mwtzzz
You definitely should not double up on your...

You definitely should not double up on your contracts as a way to get more profit. This will bite you in a big way. If anything you always want to trade way more conservatively than you are actually...
Forum: Psychology and Money Management March 14th, 2013, 05:35 PM
Replies: 75
Views: 19,361
Posted By mwtzzz
??? I thought that's what I responded to ??? ...

??? I thought that's what I responded to ???

Ok, the original post is: "is the concept of a daily target a good idea, or a bad idea"

The answer: it's a bad idea. Why? Because it's impossible....
Forum: Psychology and Money Management March 14th, 2013, 05:27 PM
Replies: 6
Views: 1,992
Posted By mwtzzz
I'm not going to read your zip file, I'm just...

I'm not going to read your zip file, I'm just going to put in some general comments



You can get a good idea of this by doing proper backtesting through a wide variety of market conditions. You...
Forum: Psychology and Money Management March 14th, 2013, 05:06 PM
Replies: 75
Views: 19,361
Posted By mwtzzz
You're making a common beginner's mistake....

You're making a common beginner's mistake. There's no way to make any predictions about what's going to happen any particular day. Some days are winners, some are losers.

The best you can do is...
Showing results 1 to 25 of 171
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