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Five A Day


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Five A Day

  #291 (permalink)
 
podski's Avatar
 podski 
Belgium
 
Experience: Intermediate
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ratfink View Post
Just tell me the next ten Wednesday 80 point shorts and I'm done for the year then.

Ratfink

It's today, and then using a fibonacci sequence 1, 1, 2, 3, 5 ....

It is every 1st , 2nd and then 3rd alternating Wednesday counting from St. Swithuns' Day, backwards, but you have to exclude Chinese New Year (use the Ethopian Calendar though) and then add in the regular rules to exclude noise.

You are DONE !!

:-)

p

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  #292 (permalink)
 
ratfink's Avatar
 ratfink 
Birmingham UK
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podski View Post
You are DONE !!

:-)

p

I knew it wasn't hard.

Travel Well
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  #293 (permalink)
 
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 ratfink 
Birmingham UK
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Another claw-back-from-the-depths draw, finished +18T in the Sprint account and just one -10T stop out in the main account. Was in and out on jobs and errands all day though so can't complain too much. Looking forward to restarting the main system but I might tough it out until the end of January just to get a full month's record with raw p/a only. Dunno yet, I really miss my volume and breadth gauges on days like this but I'm still not sure if it's just a comfort blanket thing...

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  #294 (permalink)
 
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 ratfink 
Birmingham UK
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Finished the morning Sprints with +38T. Now just restarted eSignal and built a greatly cut down Ninja layout that I will use for the remainder of the year. Missed the pretty things too much.

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  #295 (permalink)
 
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 ratfink 
Birmingham UK
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Great to get the main system back and running and prove that I can completely ignore it just as well this year as last. Messed around late yesterday afternoon and gave back all the morning's gains, then managed a bit fat zero between the two accounts in the session just ended.

To be fair Dax is currently somewhere between a bucking bull and a right mardy mare but that's no excuse for my still clinging to the need to force trades out of nowhere, my obstinate persistence is unreal.

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  #296 (permalink)
 
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 podski 
Belgium
 
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Welcome back from the betting shop ...



p

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  #297 (permalink)
 
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 ratfink 
Birmingham UK
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podski View Post
Welcome back from the betting shop ...



p

Hmmm, sadly well observed. We'll see how reality goes next week, sans Sprints and returning once more to that elusive quest for R:R. Bugger.

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  #298 (permalink)
 
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 ratfink 
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GFIs1 View Post
PS: Trading is NOT a 100m race...
It IS a MARATHON



podski View Post
1. You are wandering ... ES, 6E - WTF? It's all OK for a general look around, you have no business trading more than one instrument. Don't do that.


After a long review of my journal, advice received from friends and my own thoughts from the weekend I have realised that I have lost focus for many months now. I have a system that is built for micro-turns and not decent trends and I chop and change styles/markets/plans at the drop of a hat - it could be said that this is just another hat, but I think it's a bigger one. Top hat or sombrero I don't yet know.

Plan:

a) Strictly no more Sprints, in fact use only ONE trading account. Find an entry into a trend and let the trade take care of itself, it works or it doesn't. The job is to make money, it has no other purpose. Enjoyable days are just an added bonus.

b) One instrument only - Dax, strictly enforce this by removing all US market data from my eSignal feed. Stop playing 'analysis == trading' games - it doesn't and posting pretty pictures that have no money attached is pointless.

c) Re-engineer my system to focus on trends and important areas, not my current 'track every squiggle and time it' approach. Get out and stay out of the betting shop once and for all. Stop being a counter-trend sucker, the Sprints have made this much worse.

d) Don't trade at all if the R:R isn't there.

e) Don't trade at all if my head isn't there.

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  #299 (permalink)
 
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 patidar 
Pergatory
 
Experience: Beginner
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Stop being a counter-trend sucker, the Sprints have made this much worse.


kills me many a times...lost track.

  #300 (permalink)
WillSmithRules
Sugerland, TX/USA
 
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patidar View Post
Stop being a counter-trend sucker, the Sprints have made this much worse.


kills me many a times...lost track.

Ive given away a few accounts trying to snag tops and bottoms... Gotta trade the trend with pullbacks and retracements.... I no longer have the guts to stand in front of a strong move!


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Last Updated on March 28, 2014


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