...is NOT important.
Looking at consistency is more.
Past wins (yes - you know the warning) are not the base for future wins.
This is very true.
In every trading there are some positive weeks and maybe even more negative weeks.
The final result is measured by the end of the year. Don't try to calculate forward
after a winning streak.
In this thread there was shown a result of around 1000 points per year for two years.
The good result from this year's start may have some "retracing" weeks to come.
So I can not interpolate wins to the whole year. My goal is to see consistency first - and I will be
very happy with the 1000 points yearly result again. THIS would mean consistency.
think about - happy weekend!
The following 3 users say Thank You to GFIs1 for this post:
W8 for pullback of the system what you really dont know means you are not managing the risk.
Riding with you with a small risk is much more fun and you already gave me a lots of money saving idea to do my trades at the right time.
I took my long term chances with you hope you are going to post these for anlomg time!
a) if you are subscribing to a expensive signal service it brings of course a lot of money!! **
b) if you read futures.io (formerly BMT)-threads (also those you have not to subscribe) you get signals for free
** have to finish the above sentence: "..brings a lot of money for the signal service only
The following user says Thank You to GFIs1 for this post:
I'd like to complement GFIs work with a few thoughts before the open of the day. I'm primarily interested in probable outcomes, that can be predicted with a higher degree of certainty than flipping a coin (50:50); entry is my biggest area for improvement as well as risk management.
My strategy is to fade the gap, and use gap zone probabilities designed by Scott Andrews to help improve my selection. I'm not using the service provided by "MasterTheGap" as it does cater for the DAX (unfortunately). A good reference point is:
Now Monday will be interesting looking at the DOW's performance on Friday will the Gap fade and then move onto take out the Lap? I expect the gap to fade but not the entire lap. At which point I expect a rebound to new highs beyond the open.
Thanks genlemensrelish for input.
I can see your gap strategy very well - I am not trading this one as I am trading the second wave. Gaps are certainly
a important part in my system for the time of when a second wave should start then.
May I propose to you to open your own Dax Gap thread journal to show many thread followers the results?
This would be great. I think there could be a lot of discussions in such approach.
Here in my thread I am only looking after the Opening to get the most points as long as volume is there
and to get out before every previewed announcement (here I am repeating my view again).
Entry is my primary concern and I feel that your shorts are following the gap/lap close process. Have you formalised your system, a spreadsheet etc? I would be happy to share my data with anyone who is interested. I won't monopolise your thread, but will just add Gap Map data once per day if that is OK?