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Horst's Trades
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Horst's Trades

  #131 (permalink)
Elite Member
Chicago Burbs
 
Futures Experience: Master
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Favorite Futures: TF, 6E, SI, CL, FDAX, ZN, ES
 
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hector24 View Post
Horst, first I want to tell you how I love your videos and your trade method. Everything from your entries to your money management and calmness. I just have two questions to ask, if I may. Before I ask, if you do not want to share this with me and the other members or if it is proprietary, I understand. But I still find your trading method very interesting.

1. When you first get ready for trading in the morning, what do you look for to determine the direction of your trades. It seems that you get every direction right and this would be a big help.

2. When you find your set up what is your trigger to enter the trade. I know a couple of "gifts" are made sometimes but it always seems to work out for you in the end. This would be a big help.

Once again thanks for the videos and I understand if you do not want to share this with me or the room members.

Thanks,
Hector

Hi Hector, The direction is determined by 2 things. #1 is what the macdbb are telling me, and #2 what stage the run is in. Every day the market does the same thing within a few variables over and over. Knowing what to look for helps to spot an entry at the glance of a chart. Sheer repetition of historical charts admiring the perfect setups helps the sub-conscience see trades from start to finish before they appear. Once you acquire the ability to trade without thinking about it, the entries become more and more spot on. They entries are basically area(what area are we at), bb's (what are the bb's telling me) and the last is price bar pattern. Gifts happen as I zero in on an area. Sometimes I get it first shot, sometimes not.

I have permission to make my videos, I just can't go into the finer detail on explanations. Sorry.

“The more I am around people, the more I love my dogs.” ~Author Unknown
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  #132 (permalink)
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Thanks Horst. I understand. Keep up the good trading.

Thanks,
Hector

 
  #133 (permalink)
Elite Member
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Favorite Futures: TF, 6E, SI, CL, FDAX, ZN, ES
 
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josh View Post
Horst, thanks for the continued inspiration! On CL for this video today, it looks like you entered short at 102.85, and were short as of 7:18 central time, and your stop was at 102.90, your usual 5 ticks. On my chart, I see at least 3 ticks up to 102.91 at 7:19:25, 7:19:47, and 7:20:04 on my 13 tick chart. Did you not get filled here? Just looking at my charts to compare your nice entries on my end and ran across that, just wanted to inquire.

Dude, keep up the good work, you're killing it!! :-)


Hi Josh,

5 ticks aren't written in stone on my boundary on the CL, although I try and follow that rule once the trade moves in favor. If I see a bar pattern that has a tendency to spike a bar I will and have moved my boundary up or down out of the way. But only if I am watching it at the time which happened to be the case today. I saw it about to make a head bar and moved my boundary (stop) above the pivot top, and then back down after the bar printed.

“The more I am around people, the more I love my dogs.” ~Author Unknown
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  #134 (permalink)
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Traded the CL again this morning after I missed the entry in the DAX. Initially I was expecting the run to blow past the 50-62 retrace, but the bb's changed their message at the 50 and I exited all contracts. Total of one trade for 4.2 nuggets and 30 min. of work.......yeah baby


“The more I am around people, the more I love my dogs.” ~Author Unknown
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  #135 (permalink)
Big game hunter
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Thanks again for the vids Horst , I look forward to watching them and the unwinding of tons of screentime and experience .

Heres what Ive gotten out of your journal ....

1. Wait for the market to come to you .
2. Consistency , consistency and consistency .
3. Never doubt yourself .


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  #136 (permalink)
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Awesome yet again Horst--do you find that trading during the typically "quiet" time for the instruments (CL today for example) from 8:00-9:00 ET gives you less chance to get whipsawed by the market? Trading during normal hours for CL can produce great moves but the volatility is so high that it's easy to get taken right out of trades, particularly with such a small stop. I actually love the idea of trading for just the one hour in the morning and I know that other folks who do your method do the same generally. Any thoughts on this time frame?

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  #137 (permalink)
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josh View Post
Awesome yet again Horst--do you find that trading during the typically "quiet" time for the instruments (CL today for example) from 8:00-9:00 ET gives you less chance to get whipsawed by the market? Trading during normal hours for CL can produce great moves but the volatility is so high that it's easy to get taken right out of trades, particularly with such a small stop. I actually love the idea of trading for just the one hour in the morning and I know that other folks who do your method do the same generally. Any thoughts on this time frame?

Hi Josh, Yes there is a tranquility about that time of morning. Slow fills are part of the ambiance, but honestly, I always see an entry within the first few min of having my charts open. If I didn't I would wait till "whenever" until I did. An entry is an entry whatever time it is. But yes, 5 tick boundary on the CL is a matter of getting that perfect entry and even then 5 ticks is iffy. Reading the price bar action comes in handy for making those needed adjustments. I am comfortable with an 8 tick boundary for the CL but just haven't gone in and changed my default settings yet.....

Once my bucket is filled I leave the rest there for others, and go and enjoy the rest of my day. Seldome if ever do I or any of my classmates trade for more than an hour in the morning, with the average being around 30 min. Any more than that and it would have to be considered a job......

“The more I am around people, the more I love my dogs.” ~Author Unknown
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  #138 (permalink)
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er2wizard View Post
Once my bucket is filled I leave the rest there for others, and go and enjoy the rest of my day. Seldome if ever do I or any of my classmates trade for more than an hour in the morning, with the average being around 30 min. Any more than that and it would have to be considered a job......

Thanks again Horst-- you set a great example in all aspects of trading to follow, and I know it's due to both your training and your own personal diligence. Blessings and happy living!

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  #139 (permalink)
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josh View Post
Thanks again Horst-- you set a great example in all aspects of trading to follow, and I know it's due to both your training and your own personal diligence. Blessings and happy living!


Thanks for the kind words Josh, Blessings to you and yours

“The more I am around people, the more I love my dogs.” ~Author Unknown
 
  #140 (permalink)
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er2wizard View Post
Traded the CL again this morning after I missed the entry in the DAX. Initially I was expecting the run to blow past the 50-62 retrace, but the bb's changed their message at the 50 and I exited all contracts. Total of one trade for 4.2 nuggets and 30 min. of work.......yeah baby

That FDAX is just scared to give you any love. Playing hard to get.


Last edited by bluemele; March 23rd, 2011 at 09:34 PM.

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