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Five A Day
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Five A Day

  #321 (permalink)
Elite Member
Birmingham UK
 
Futures Experience: Intermediate
Platform: NinjaTrader
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Favorite Futures: Dax
 
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CPRICE76 View Post
Well, if thats the case.Why dont u adopt GF1S trading rule and allow yourself just ONE TRADE per day ( just like one meal per night etc..)????I take it you have a day job or you rely on trading for your income??

Col.

I think the flaw in your concept is the word 'rule'. My problem is that I still have limited understanding of that concept and, until I get it, no system of 'rules' will make a blind bit of difference. It remains a work in progress, 6 blokes with shovels still staring blankly into the hole. Cricket bat or 4x2 required.

@GFIs1 has been an inspiration and I totally admire his approach and I am indeed working to evolve in that direction.

If I could lose the character flaws it would make so many things easier, but that's just always been my life as opposed to anybody else's. It has provided much entertainment and much tragedy for all concerned. I have software in thousands of amazing machines doing great stuff all over the world, I guess I just never expected trading to be such a fiendish character test and nasty addiction at the same time.

I don't currently have another day job and my plan over the next year is to continue personal development and also export more of my system for automation, we'll see where that goes and whether it helps. For now I have a plan and time, in a few more years I might need a very different one.

How about you?

Travel Well
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  #322 (permalink)
Trading for Fun
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I am a full fime FDAX trader.However, I only conduct 1 trade per day.That way I am either right or wrong about the market from the off.No chasing losses and lots of round trips etc..As they say ..Less is MORE!!!!!

Are you addicted??


Col.

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  #323 (permalink)
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CPRICE76 View Post
Are you addicted??

Permanently. But in a good way, really, I think.

I would not like to have to give up, but I will face that decision if needed and retire gracefully, albeit with pride hurt, would be telling porkies otherwise.

My approach and system have been through so many evolutions that sometimes it is hard to have a stable base to compare, but the latest one has been major. Ditching the US markets completely has been a big step forward and one that I am happy with in terms of its impact on work hours and life pattern. I used to think I needed the technicality of the ES to help with Dax levels but I'm now happy this is not so, Dax is just as good a mover.

Today I made no trade and I am happy, if disappointed. My system was a screaming buy all day but I had overslept big style so I sat on the sidelines. I had one good entry to get long for a +45 (would have been 80+ into the close) but wasn't quite where I wanted it. In old days I would have probably hit the sell button several times so we have made much progress since then. If I can stick to the reduced number of trades approach and stay off the slot machines then I still have a good chance to capitalise on what I know and what I see everyday.

Appreciate the input, thanks.

Travel Well
 
  #324 (permalink)
Trading for Fun
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Well just think on the good side, at least you didnt loose any cash! Good trades for tmmrw!

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  #325 (permalink)
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self sorting to do

After much recent thinking I have decided to focus on some serious self and system development for at least the next couple of months. I reckon I spend too much time reading all the posts on futures.io (formerly BMT) as it is, so a break won't hurt. Too often I just keep reading mounds of stuff instead of just getting on with the real work I need to do.

It will be interesting to see if I can make this stick - probably no hope at all for the trading if I can't. Will update if I achieve anything by the end of March/April or if I had to get a job as a stripper.

Best wishes and good trading to all.

p.s. Paint, of course.

Travel Well
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  #326 (permalink)
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been a while, all's good on the western front

Haven't had to get a job as a stripper yet, am continuing to consolidate my graphical computing engine, have now accepted that less mid-week information from the interwebs and more sleep is better for me, and now deeply understand that taking out impulsive emotional trades is all about real, rather than assumed, confidence in the edge.

Took a relaxed 40 points out of the Dax last week from just 4 trades, saw fifteen but one or two would have done just fine as well. I guess it's better to get Dax points more easily than Lumo points but that's been fun too:

https://futures.io/off-topic/19270-lumosity-9.html#post395268

Clutter-cleared indicator code-space massively on Friday, always a good feeling. Will start moving into auto-strategy domains later this year, well out of my depth in there though.

Seem to be in a good place for now, will resume more active daily futures.io (formerly BMT) posting when I'm done building, but it has been fun catching up this weekend, still love this joint.

Best wishes and good trading to one and all.


Travel Well
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  #327 (permalink)
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today's job


sixtyseven View Post
One of the students raised her hand and inquired what the beer represented. The professor smiled and said, ‘I’m glad you asked.’ The beer just shows you that no matter how full your life may seem, there’s always room for a couple of beers with a friend.

Today's job was exactly this.

https://futures.io/off-topic/30967-life-golf-balls-beer.html#post395386

So thanks for posting a great story and reminder of what is really important.

Travel Well
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  #328 (permalink)
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Might become an interesting wedge if it can break out, it's closed the gap at 9122 and is trying to hold a very important daily extension. Still a work in progress with no confirmation as yet so it might not want to.

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edit: Well, it doesn't want to yet and decided to breakdown with a strong reaction from the lower trendline instead, and the cash closed right on the daily extension I mentioned:

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Note to self: trend and trade locations first, interesting possibilities second.


Last edited by ratfink; March 13th, 2014 at 01:47 PM. Reason: broke down instead
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  #329 (permalink)
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making 'what if' space

Making 'What If' space - yesterday I saw a wedge that was nothing like a wedge, for several reasons (including blind stupids), but also because there is only a limited concept of 'What If' in chart space, so I have added an indicator to make just that space, and only when it's needed.

Makes longer term analysis charts look a lot more open-minded and, (in this case on FESX) makes it easier to spot still open gaps, in this case 2962.51 from 6th Feb (doesn't mean it wants it and doesn't mean it won't just blow straight through it, but always handy to know where they are/were.)


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  #330 (permalink)
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alright for what it was


Three hours of rank chop on Fdax, accepted it for what it was and scalped +36T out of it, covers lunch anyway. Looks like it's setting up for a larger leg but then it has all morning, the little charmer. Good lesson in altering expectations and just seeing what was there as opposed to what I often do and seeing what I want to see.

Travel Well
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