NexusFi: Find Your Edge


Home Menu

 





Zen & the Art of The Small Account


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one PandaWarrior with 455 posts (1,602 thanks)
    2. looks_two tderrick with 74 posts (54 thanks)
    3. looks_3 Big Mike with 52 posts (176 thanks)
    4. looks_4 bluemele with 34 posts (37 thanks)
      Best Posters
    1. looks_one PandaWarrior with 3.5 thanks per post
    2. looks_two Big Mike with 3.4 thanks per post
    3. looks_3 bluemele with 1.1 thanks per post
    4. looks_4 tderrick with 0.7 thanks per post
    1. trending_up 211,334 views
    2. thumb_up 2,558 thanks given
    3. group 102 followers
    1. forum 994 posts
    2. attach_file 228 attachments




Closed Thread
 
Search this Thread

Zen & the Art of The Small Account

  #931 (permalink)
 
whatnext's Avatar
 whatnext 
Rockland county , New York
 
Experience: Intermediate
Platform: NT 7
Trading: CL, 6E, SI, ZC
Posts: 230 since Mar 2011
Thanks Given: 338
Thanks Received: 81

Why can't there just be some people who get good results from using fibs guys?


Can you help answer these questions
from other members on NexusFi?
Exit Strategy
NinjaTrader
Futures True Range Report
The Elite Circle
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Better Renko Gaps
The Elite Circle
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 
  #932 (permalink)
 
redratsal's Avatar
 redratsal 
Milan (I)
 
Experience: Advanced
Platform: Ninjatrader
Broker: Kinetick
Trading: FDAX,6E,CL,YM,NQ,ES
Posts: 1,648 since Oct 2010
Thanks Given: 1,215
Thanks Received: 2,090


whatnext View Post
Why can't there just be some people who get good results from using fibs guys?

I like them and I am sure Fat Tails does as well, I think it's just a question of feelings and habits.

Visit my NexusFi Trade Journal
  #933 (permalink)
 
worldwary's Avatar
 worldwary 
Williamsburg, VA
 
Experience: Intermediate
Platform: ThinkorSwim
Trading: Stocks
Posts: 522 since Mar 2010
Thanks Given: 259
Thanks Received: 791



whatnext View Post
Why can't there just be some people who get good results from using fibs guys?

Good results are the ultimate measure. I agree, if you're getting good results then no need to change anything. If not, then it might be worthwhile to shake things up and kill some of your old darlings.

Visit my NexusFi Trade Journal
  #934 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


whatnext View Post
Why can't there just be some people who get good results from using fibs guys?

I think you can. Horst was a great example. He continues to kick booty using them!

Just another guideline.... If you have none, then how do you trade? Just by thinking the market is long? Trendlines, etc..?

I think you could pick apart any strategy. You have to choose something or are you just a fundamental trend trader?

Visit my NexusFi Trade Journal
  #935 (permalink)
 
whatnext's Avatar
 whatnext 
Rockland county , New York
 
Experience: Intermediate
Platform: NT 7
Trading: CL, 6E, SI, ZC
Posts: 230 since Mar 2011
Thanks Given: 338
Thanks Received: 81

What I was saying is: "Why can't you guys believe there are traders who are successful with fibs?"


WW understood.

  #936 (permalink)
 
bluemele's Avatar
 bluemele 
Honolulu, Hawaii
 
Experience: Intermediate
Platform: NinjaTrader
Broker: ATC/TT, AMP/Zen-Fire, AMP/CQG
Trading: TF
Posts: 2,543 since Jun 2010
Thanks Given: 3,803
Thanks Received: 2,842


whatnext View Post
What I was saying is: "Why can't you guys believe there are traders who are successful with fibs?"


WW understood.

That was my point as well.

Visit my NexusFi Trade Journal
  #937 (permalink)
 
mmaker's Avatar
 mmaker 
Toronto Canada
 
Experience: Intermediate
Platform: ninjatrader
Trading: es
Frequency: Several times daily
Duration: Minutes
Posts: 400 since Feb 2011
Thanks Given: 1,178
Thanks Received: 508

I raised the issue because one day AZ's charts showed him going long in a clear downtrend 3 times. Maybe this was just an anomally.

So the question becomes why did he think price should be going up when it was clearly dropping. What was making him think that?

It looked like he was leaning on the fib for support. I don't know. AZ do you lean on fibs for support?

Secondly in his "new" set of rules a few pages back - he did not mention the word fibs. So I didn't know if they were part of his trading plan/decsion making process or not.

That is why i raised the issue.

As i said i knew it would be controversial. I was only trying to help him and to get him to think if he really uses them and if so how he uses them.

If they help him fine. If they don't fine. It matters not to me. I was just giving my two cents worth - after reading 93 pages i figured i should give him some feedback of what i saw.

I think there are as many ways to trade as there are fingerprints. I have never seen two traders trade the exact same way. If you gave the same system to 10 different people i bet you would end up with 10 different ways to trade.

Visit my NexusFi Trade Journal
  #938 (permalink)
 
whatnext's Avatar
 whatnext 
Rockland county , New York
 
Experience: Intermediate
Platform: NT 7
Trading: CL, 6E, SI, ZC
Posts: 230 since Mar 2011
Thanks Given: 338
Thanks Received: 81

Thanks for your time AZ.

That's four wiz.'s on one page that said they use them - so I should be able to screw it up if no one else here is.

Going to sim the futures.io (formerly BMT) bands.

  #939 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,398 since Jun 2009
Thanks Given: 33,173
Thanks Received: 101,537


whatnext View Post
Why can't there just be some people who get good results from using fibs guys?

There surely are.

There are also some people who have good results using astrology in trading. Now I personally think fibs work better simply because more people use them, making it more likely an 'event' will take place at a key level. But the mind is very powerful and complex, you can "use" any number of "tools" and find success or failure with very little correlation with the tool itself.

Just my opinion...

For instance, 50 years ago only daily charts were used, charts were printed by hand, and yet we had people who were successful with both very simple methodologies as well as people who created extraordinarily complex methodologies.

Today it is far easier to move towards the complexity, because of the power of the tools available at our fingertips. But it doesn't mean complexity = profitability, and surely there is something to be said for the sake of simplicity being more rewarding.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal
  #940 (permalink)
 
whatnext's Avatar
 whatnext 
Rockland county , New York
 
Experience: Intermediate
Platform: NT 7
Trading: CL, 6E, SI, ZC
Posts: 230 since Mar 2011
Thanks Given: 338
Thanks Received: 81


Not what I ment - I have a way with words huh.

Read just above.


Closed Thread



Last Updated on July 25, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts