JBWTrader

I found this post on "Re: Trader P/L 2009" interesting and have nominated it accordingly for "Topic Of The Month May, 2009"

You come back when the Crows are in the AFL Grand Final in September Tams..! :rofl: Best John

Hi Geoff, welcome. I would certainly use the search function on this great site to answer your question(s). There is plenty of opinion about trading platforms/brokers etc Personally I can reccommend Sierra charts for charting and Infinity Brokers for USA/EUREX trading. Outside of this I cannot reccommend Tradestaion due to relaiability issues and being out of touch with what customers really need. However every platform have their weaknesses/Strengths ... All depends on what you want to try and achieve. Hope that helps All the Best John

But Tro if you all go down to Mexico you will all die from Swine Flu mate...!! Wear a mask at least , just like real pirates !! Or change the venue and go to Somalia....they have real pirates there also it seems...!! Good luck ! Best john

Just another thought to digest; Clear rules for Mods that are also transparent to the masses If a mod edits a post clearly list the rule breach as to why clear rules for the masses on behaviour and nature of posts Train the Mods to follow the rules Clear rules for Banning or sinbinning the masses Feedbackloop for Mods on performance and be as transparent, consistent and open as possible in all of these processes. Well done James I like the discussion. All the Best John

I love the way you approach your trading Jon. Seriously its out there , honest and the level of committment is great to read. Thanks for all that All the Best John

I have to agree with AgeKay to some extent, If an employees renumeration package is based partly on the achievement of the overall corporate goals AND on the achievement of individual performance goals then in this eg with AIG they should get nothing for the overall corporate goal achivement and whatever % their personal goals related to their achievment. However... It is always a test of the HR practices to strike a balance here when setting this up and of course the reviewing process. What can be difficult is linking a persons direct responsibilities/Authority/Tasks or JOD to the direct financial measures of performance/achievements. Its often very difficult to find clear direct one to one indiv employee achiements with a direct finacial one. Hence often there are departmental goals for achievement also included. Each case needs to be looked at Individually within the context of individual,department/section and coporate goals/achievements of course. What complicates it with AIG eg is that I hear many of their financial goal achievements were not Reality based (as it turns out )...wow, no wonder people are calling for a general withdrawal of monies earnt as bonuses. However each case still needs to be looked at individually. I can say that in the future because of the furore with AIG more and more of peoples personal goals and department goals will be linked to the overall goals of the company(and as they should be) in a more realistic financial sense. I make these assertions on limited info about the case, so excuse me if I am incorrect anywhere with the facts. Thats another story again with this particular case in general I believe. All the Best John

Exacly Brownsfan, He had it right most of the way with the prose...but alas..the wolfe took off the sheeps clothing...! Geez Trust in this game is difficult to obtain (if that is what one wants) lots of hidden agendas... At the end of the day one has to go with ones own judgements,abilities etc this is the old lesson instead of just grabbing for the first thing and hoping that Mother will take care of us... Best John

Awell put together point of View Flowjomojo I cannot fault it. A well put together analysis. Well done. I agree with your conclusions. All the Best John

Hi Tom just wondering does Infinity have access to other futures markets eg Hang Seng, Footsie, ASX, Kospi, CAC, Nikkei etc or if it doesnt does it have plans to access any of these other markets soon? thanks and all the Best John

I play with my snake....sorry to clarify ...Traderslaboratory snake... the more I pick up the longer it grows The longer it grows the harder it is to control the harder it is to control the greater the chance of banging into the walls Then the Game is over, usually prematurely....

Stormy, I would dip my toe into everything. Dont bet on anything until something really rings true for you. Then if you think it does take the opposite view on why/where it doesnt work and why it should be kept,disgarded or refined. Hunger + drive + imagination + pain = profit (eventually) Good luck Best John

Yes bakrob99 they are the result of programme trading , in fact I would take it further and say that all turning points are dictated by programme trading based on the same set of rules played over and over again. Best John

UrmaBlume, What I find very interesting is to ask what sets these (at times Disguised) volume "spikes" off in the first place. I think what you have captured is evidence that possible various uncorrelated/correlated strategies are firing off during the session. No doubt this type of evidence/signal serves as a possible reliable reason to enter a trade. (although I dont know if you saw in a previous post of mine where I asked if such a signal has favourable win/loss ratio etc etc ie is there an edge to this piggy backing on such a signal...?) Without giving the total game away have you gone into why such events occur in the first place ? for eg one thing I have learned is that the markets are very, very precise on where they turn and why. All the Best John

Couple of more fellas achdfuta joyfhdeep bhajfvsar shvjrtank neejkraj Hey David here's a couple of ideas I dont know if it might help; Get your programmers to do a search and automatically ban any poster under 10 posts (before doing this keep who you think is real...!! lol...) Then set up a different way for anyone new to apply for membership that requires a special approval code that is kept hidden and then when the sweep under 10 posts is conducted you cannot elliminate the true members with this hidden profile code. or if checking their timing of their posting eg Bogus posts might be coming all within the space of a second or two...so ban multiposts from the same name that post within say a 15-30 second (or less) period and that have posts totalling under 10. Just a couple of ideas. All the Best john

Hi There JonBig04, well done on your blog. Great stuff. Keep it up. If you are thinking on going overnight have you considered limiting your "normal"exposure to do so ? I ask this as this seems to be common practice... and therefore at least something to think about. also if you do go overnight ask yourself what are your personal skill strengths during the day and can these be applied to the night session. If they cant then you might want to reconsider... Again well done mate and I have to say your discipline is a great example for other people to follow (including myself !!) all the Best John

Hi UrmaBlume, Thanks for the post. You are correct. I have not seen this concept before. You mention that this type of signal can occur between 12 and 30 times on the ES. Have you had the chance to calculate the win/failure ratio when taking the correct side of this signal ? in other words have you proven an edge to this concept. I agree any new way to represent data visually always provides a mindset change and hopefully a new set of rules to "see" the market more profitably. By the way sounds like your group is one (of the many) well organised companies that are into fully automated strategies. All the best John

...here is a few more by the looks of it.. chiietan kunkywarjit tamygouri anahnta Looks like they are copying people verbatim here within the forum in some cases... crafty little devils.... Best John

Hey Soul I reckon the following are spam also... Very Recent Posts by; chafudhry subkyhamani chghtor mifgjkar vitruvian all the best John

I think where to place your stop depends on a number of factors; assuming here a automated signal and a manual entry/exit type system 1. the type of setup signal to get in. The more automated and defined the signal /setup the greater the opportunity for a tighter stop. 2. The ability of the trader to execute quickly once system signal is generated. The slower the respnse the greater the stop required. 3. The volatility of the market (which can have an effect on 1 and 2 above) In general on the YM for eg I use a stop of anywhere between 3 ticks (from order execution) if I am on the ball and 5 if not so. Or if market is more volatile anywhere between 5 and 7 on ave... best John

DIBS = Daily Inside Bar Setup Best John

I will let you guys know if I get one from Madoff..... Best John

I believe the number quoted is a good marketing number...if the number was 99.5 % I think I lot of people would be put off trading or even after one blown account would get the message earlier..that it is very tough... So the 95% number is wide enough for the belivers to think they are going to be the 5% that can really do it and so are kept in the game longer because this 5% number is still large enough for a challenge and gives people more hope... I guess only the brokers compies have access to "their" numbers of those traders over the long run survive and prosper.. I have never heard these numbers made public...would make interesting reading hey ?! Best John

Hi Evolved Trader Yes mate I would do the exercise, take notes on it...whatever feelings come up breath into them, no judgement of yourself at all here....like a scientist observing an object. The trick with this sort of work is to not identify with anything that comes up... Good luck with it all .... Best John

Hi Evolved Trader An honest post you have given. As they say the unconscous is really unconscious ! Its difficult to mirror oneself to find the source of this type of issue. Metrics of course help however they are only part of the feedback loop. It usually does take someone else to "see" and offer a reflection back that one can consciously work on... Numerous possibilities exist as to the real root cause..as many as the market itself..The solution is discovering the feelings behind the actions... Some possibilities could be; - a lack of trust of oneself projected out onto your systems and the market unconsciously ie you end up not really trusting your system or the market in the end. We are always projecting out our unconscious personality onto the market and end up seeing it a almost another person who can be tricky, out to get us or it knows something we dont... - An identification with the Self. This can cause one to abandon ones plan and go without it. It sounds like you have really discovered some very good insights and you actually where the market is turning quite precisely etc Its when you think you know more than the market or even ones systems one can get into trouble here..a hubris takes over and we feel we are superior to the market or to our plan and we leave the plan and go with random trading.. - Not taking responsibility for ones actions eg by abandoning the plan you could really be saying you are not really responsible for the results as you didnt follow it in the first place.. this is common scapegoat psychology - It might be felt also that your plan has control over you and you hence you may rebel at this...its hard to trust a "dumb" system, especially when one knows one is more intelligent than any system... - Many people have a fear of success as this means a loss of the old structures we had/have...this means we can sabortage our efforts/ourselves to get back to where we have always feel most comfortable. Making money can generate many uncomfortable feelings of seperation anxieties...quite common outcomes to this experience is the poor me feeling and hence developing a victim mentality. - A not so commonly know type of behaviour is the fusion /distance complex...here we are so absorbed by something eg the markets yet at the same time we are trying to gain distance from it. The result is these two dynamics operate simmultaneoulsy usually both out of awareness or just one opposite we are conscious of...very subtle but it can prevent us from have a real connection with what we are doing or trying to achieve...as a result we feel we are sort of half in and half out of something... - A narssisicistic trait is one of perfection...any deviation from a plan that the markets give can feel like a failure...these feelings again make us abandon our plan as we seacrh for a more "pefect" one that better fits our phantasy of what it means to be successful.. Of course these type of problems are applicable to anyone at any time in differing degrees. The trick as a start is to see just before, during and just afterwards you decide to leave your plan what feeling states are occuring and what circumstances took place to leave the plan....All too often we split from these states in those moments eg go up into our heads or go blank etc. ..however these feeling states are gold if we can grab onto them and name them. They tell us a bigger story, a story that has often been out of our awareness but has left other traces in our lives... Quite often solving this only too human puzzle will be harder and more complex than any system that can be created to mirror a market. Hope this helps All the Best John