mushin2003

Just an fyi, Rforex and I are giving this a try. Here is the way we are going about it.. First an intro skype call to cover alittle background, our current strategy, trading plan. Next, we plan at the end of the trading day to send each other some snapshots of the trades we took w/some explanation as to what we saw. The idea is if someone else knows what your plan is they can objectively observe how well are you sticking to it. Also have them check or point out some setups/places that you may need to be less discretionary for you to consider tightening up. I find being solo for days/months on end it is challenging to maintain an objective view of your decision making process. R

I have been trading for a few years mostly the equity markets. I am taking a stab at surviving off my trading "income" for about 6months now. I also am swing trading a few accounts. I am open to anyone wanting to email/chat over ideas/strategies. Just shoot me an email mushin2003 @ hotmail com R

Hi Feng, Do you know what the function "swingHighBar(...)" does? also you need to understand this notation "H[possibleHighBarsAgo];" spend some more time studying the code. If you know what the purpose of the overall strategy is supposed to do then viewing the code is alot easier. I believe you dont understand this comment from the original code "This plots swing highs/lows with a strength of 2 bars on each side, on the condition that there is a close above/below the high/low the bar after the said swing bar......whew that's a mouthful!"

Hey Feng, A few things to get you started. First either read Carter's book or google for "swing high" this is the chart pattern the code is checking for. Next, this is Easy Language from TradeStation and they do provide a lot of online documentation. This code is rather trival to understand after about 1-2 hours of studying just basic EL. If you have a desire to trade then it is best to spend the time learning what tools you have availble.

Hi Jerry, I am not sure how to phrase this question so let me tell you where I am going with it first. Is knowing when to reverse a trade learned more from experience or is there something on the chart that may give clues? In theory I can establish any stop loss price I want and be comfortable with that say down to only buying 1 share. In reality though I am targeting price moves between the SD1&2 or VWAP lines on my chart. I prefer not to use these though as stop loss areas due to the price distance involved affecting my entry size. It is not that I cant use them. So instead I typically look for a stop loss area on the other side of a HUP near my entry price. On trending days with moderate pullbacks I find I am getting kicked out 3-4 times looking for a reversion back to a SD or VWap. Or stated another way is there something I can key in to know when to ride the trend? I believe there was talk of this before: when you may have 2 symmetrical spikes within ex. 90% total volume of each other would you consider the more recently created spike perhaps as more relevant in its physical location on the chart to the VWAP? For example, we have 2 volume spikes one of 100k (PVP) from 10AM the other 95k from 2PM with the VWAP in between these. Price is moving up from SD1. Typically I would be looking for shorts but could I justify taking a long trade here based on the size relationship between the 2 spikes and the time frame for this example is 3PM. I tried to attach a chart showing 2 days of data one a trending day and the other a nice range day that had the VWAP in between 2 large spikes until the close when the PVP moved again. If you want to could you comment on how you would have traded these 2 days assuming your current risk tolerance. The purple line is the VWap. Thanks, Rob

Thanks Jerry for the update and answer. I believe the trade management and risk tolerance you are talking about are keys to success in this business, perhaps the most important. I also am looking for reseach and trying to learn more about how institutional size traders manage risk these days. I encountered your articles on Market Statistics as I was searching for confirmation ideas for my discretionary strategy. I am impressed by the way you teach and your approach to trading. I do not know if you have the time or desire but I was wondering if I may be able to present my trading strategy to you for some objective comments? I will say it is not really based on a statistical or mathematical model. I am not sure how the PM works so if you might be able to review it just shoot me an email -> mushin2003 @ hotmail dot com. Thanks, Rob

Hi Jerry, Nick, I was wondering if you guys are still around or have moved on to other ideas? Anyway, I have been going thru the Market Statistics tutorial this MLK holiday. Jerry I am very impressed you have found a tradable edge and are willing to share it with others. I have alot of the same enthusiasm I saw early on when Part1 was started and have loaded a few different versions of the indicators for Tradestation & ToS. I am using ThinkOrSwim's OnDemand to practice. Jerry, one thing that kinda of caught my attention (at least when you view all the videos & read thru all the posts, over a 3 day time frame) was that early on (Parts1-5) there was mention of how you became a successful trader only when you started managing your trades using risk tolerance, typically showing very wide stops at the PVP area typically and scaling-in techniques. There were also a few side threads on this w/DogPile about the merits of it. I believe around Part6-7 when you started covering entry techniques involving the Shapiro effect and the more advance videos you frequently mentioned how conservative your trading style is and your motto "Never let a winner turn into a loser" and the use of significantly tighter stops than before. I believe Nick asked you about this in one of the threads as well. How do you manage or what criteria do you use for these 2 different risk management styles? From what I can tell, these tighter stops seem to be related to the type of trade you are entering such as a breakout, an entry into a symmetrical distribution day, scaling. For a position trade and a newbie type of trade are you still focusing on in long trades of using the PVP-1 as your stop loss area? I have for a few years been trading the equities markets and recently the ETFs IWM which seems to offer good volatility and liquidity for this idea on a 2min chart. Seems alittle foolish to post even this much on a 3.5 year old thread so I will stop. It has been a great read seeing the presentation and the evolution of questions and traders. Thanks, Rob