HAL9000

BTW: Why poker? Blackjack seems much to be much closer to me, in comparison. During trading, you see no faces, just numbers. Playing blackjack, the noise (face(s)) isn't there, but the signal stays. Double (?), Hal

Nothing new, I am mostly sim trading, sorting out my thoughts now. Anyway, here are my few real trades so far, and I know, its not worth to talk about them, but real. If you don't believe me, its your problem, not mine. LOL, and even if I like war games (like chess), finally its more about statistics than war! PEACE, Hal P.S.: Time will tell! :rofl:

Thales, my execution problems are more mental, then anything else now. I haven't drawn trendlines or s/r lines, but they are there. Browns setup is there! On the 29 range! (Step 3) Somehow everything seems to be there! Its not even about a written plan in my view, its about loosing fear, and about to click the mouse button in real. Regards, Hal

Hi Tams, I think that I am using your indicator, even if not your implementation. It is one that has survived in my toolkit. I think I have used this method too often within physical chemistry, to get rid of it. Am I right? Basic linear regression with its SD bands? Well, how to use it? -Watch for rollovers. -Trade it with the trend (if there is some), and otherwise ... -And if you are knowing, what you are doing, trade it counter-trend as well. Regards, Hal P.S.: I am still trying! :missy:

Well, today I decided to stay with the 6B, that's what I have worked on for a while, and its not good to switch everyday. Execution is my problem, maybe much more confidence in my charts and in myself. Anyway here are two more pictures; maybe you see the way you would trade them? I have recognized for myself, that for now, I should scalp, because this is, what I can handle now. Well, maybe at sometime i the future, I will be able to get my runners. I see them on the 29 range, but I have to start where I am. And I am, what I am. Even, if I fail. So here they are, the last days on a 29 r 6B and today on a 14 r 6B: P.S.: The pictures are not so clean everyday.

Hi Thales, I thought a while about your post, and also about me, my problems and my trading style. I think the points you have made, lead me into the center of my problems. Well the indicators, somehow they are all good and valid. Adding the Rainbow was just an experiment, because I know deep inside myself, what mistakes I still make, what decisions I have to make. I think, that the rainbow on this "quick" chart, shows, that my current fixed stops are too small. Well, I can scalp with them, but for catching a trend, some more room would be helpful, and sometimes less might be necessary. Also in my mind is, that stops based on pivots make more sense, so I should use them, maybe with another contract (like the NQ for now). For the HH, and so on. Yes they are still important, but I think one more mistake I make, that lately I have recognized, that trade more and more again from these "quick" charts, but this leads in combination with my small stops to scalps or stopped traded. So while the pictures are clear, my execution technique lacks behind. Regards, Hal

Abe, this will be really my last post tonight, but Thales is the wrong one to address, he has helped me, even if my P/L doesn't show it yet. Well, I understand you, its not about helping, its about profit, and the more is lost, the more is won. The banks/brokers will always win on commissions, but also just as food for thought, the market will move up and down, and even if it moves sideways, its up and down, so its somehow 50/50 without commissions. But to make a profit or loss it has to move! Whenever it moves, there will be winners and losers. And now everyone has the choice to be honest, or ... But whatever this choice will be, the markets will move once more. So its not about this, its just about, when I wake up tomorrow, I can still look into my mirror. Social, yes. If we would be all asocial, would it be worth to stay on this world. I got help from people in my life, which owned much less then me. So ... they earned my respect! Regards, Hal P.S.: And now its really bedtime! At least for me!

LOL Respect is earned, not given! Hal P.S.: What do you know about me? :rofl: BEDTIME!

Abe, my conclusion on your question would be, that every post, not misleading others, would be one to much. But somehow, why not just share something, just the things you like; this is a lonely business, and there is enough on the table to eat. All of my life, I tried to be honest, and I will go on with this. I post my opinion, not misleading, or I stay quiet (i.e. I don't lie!). But, whenever I finally have success, I will be able to enjoy it, helping poor people who never had a choice. Or in other words, I try to stay clean, just going my way. How should I say; greed is not my problem. Regards, Hal P.S.: If everybody is misleading everybody, why do such forums exist? Why are you still here? (I ask in peace, as food for thought.)

I am missing Brown! Please, come back and join us again! :rofl: Hal P.S.: Sorry for becoming so emotional, usually I am more analytic. But maybe because I am usually more analytic, I am becoming so emotional.

:doh: Thanks, I am bored of this discussion about sim vs. real, I still go in line with Pimind on this issue. Sim to prepare (as long as necessary), then real (as soon as possible). Well, also Thales seems to be right once more. Regards, Hal P.S.: As I said, I don't care.

BTW, here is my last sim trade session. The people, who know my order platform, also know, that all previous sim trades disappear, whenever I close the application within this mode (green color, not even paper trading account, marked as well). But, what would I win, if I would fool others, and much more worse myself? Anyway within my transition to real trades again, I have not even scratched the potential I see within my current charts. Call me a fool, I don't care! Time will tell.

Hi Mouse, I can assure you, that the only correct answer to your above question is: NO. Anyway I am in no way accountable to you, instead I am accountable to myself. A side effect of posting here on this thread is, that with time, we learn from each other, and we try to help each other. Real or sim doesn't matters, in my view. And guess what, nobody asked me in here, if I would give him some money, because he could make me a billion within a year. Regards, Hal

Somehow I mess it up with my thinking about stops. Smaller or larger, but while the pictures are clear to me, I have to go the last step. Here is what I am looking at: The smallest range of the 6B I look at. Well, with changed (slower) ADXVMA settings.

Hello Akif, this Java application is my own implementation, based on some open sources. It wasn't intended as charting application, but now I use it to create my pictures. Regarding my PVP implementation, maybe its best to forget about it, maybe I made an error, but anyway what it should show is the PVP based on the 3rd central moment, and well, my intention wasn't to add confusion. Regards, Hal

I am not asked, but ... well, I will tell you my view. I thought I have learned to move my stop quickly to BE. My action was, I moved it too quickly! Result BE or poorer. I thought I have learned about risk and reward, But, as I see it now, it depends on how I act, and when I act. (Entry, cut/stop, exit.) I thought I was at the point many times. Well, I think I am at the point once more. Time will tell. Regards, Hal P.S.: In my view it is still a process. (An ongoing process.) Forever!

As I like JPerl's approach too, here is a second picture, FWIW: The POC/PVP is very different to yours and the simple concept that JPerl uses. This leads me to another question: Do you have the code for your POC/PVP calculation available? Your system looks fine to me too. Regards, Hal

Hi Robin, it might be a little bit off topic here, but I would like to ask you about your value chart. Is it just a standard one with setting 5 (like mine?) ? My POC/PVP looks different to yours, and makes no sense to me, so its not on my chart. My chart shows a 14 range on FOMC with two ADXVMA's and a 10 linear regression system on it. Regards, Hal

Here are a few questions for you: 1. What happens in case that Value2 is equal or nearly equal to Value2[2]? 2. What is the index 2 in Value2[2] good for? Or would make Value2[1] a difference? 3. When are data2 values updated/calculated? Hope this questions might help you, on your way, Hal

I do sometimes, and I enjoy, at least, if it is/was a good one. Anyway, avoid to trade on the following day, you might not like your results! :rofl: Have fun, Hal P.S.: Its weekend, and currently its a Shiraz from OZ. Its nice. Anyway, my respect goes to people that don't touch these things, or don't touch it anymore! Stay clean! And enjoy life!

OK, I try to be serious again, so how long? As long, as it takes! (Maybe never!) How, or, what you should look for, well support and resistance lines, trend lines, Livermoore, Wyckoff, Darvas. Somehow its same, as it ever was. Maybe you add some indicators, that you like? (Or some, that someone else likes to sell you?) But even if it looks easy, it might just look so. Finally you need experience. Build experience via real trading, and before that from paper trading (simulation). Then, lets say you are finally profitable (whatever that means?). If you change something, you might find yourself in a position, where you are in lack of experience, and ... ... you have to start from scratch. Maybe if the market changes, and ... , if ..., then ..., or else ... Regards, Hal P.S.: Its work, its a business, and many businesses fail. But some stay. BTW.: I like Thales work, and I think, that his stock trading approach might be a good start. Clean and easy, but I don't trade this way. Just that you know. But; Thales has my respect!

HARD WORK!!! :missy: Regards, Hal

OT: Calling myself a fool, and after two beers, I remembered something, that I had to think about somewhere in my past. It was: Respect is earned, not given! Maybe this is something, that all in here should think about. Peace, Hal P.S.: Yes, sometimes I too had my fun with newbies (and will have :rofl:). Most often, whenever I think they try too fool or (miss) use me (or others), but here its not fun anymore now. BTW.: Welcome, RM686

Today I took my first real trade after some time. I failed somehow on my exit based on my rules. Also I think, that I am lacking a little bit of sleep, so I decided to maybe just sim trade today, or just sleep some more.

I found this post on "Re: How Long Does It Take to Become a Profitable Trader?" interesting and have nominated it accordingly for "Topic Of The Month August, 2009"