xioxxio

This is a very good point, Over lunch time I turn my system off. There are times when you miss a big move either up or down and the market stays there for the rest of the afternoon session.

Traders I know and have worked with at US banks and European banks, which have individually made profits in excess of US30M per year on a consistent basis, do not use automated trading in any way. I am referring to a handful of people. The key to their trading success is believing in themselves and more importantly nonstop research into what they are trading. I.e. being on top of the instrument they are looking at. For single stocks it is more straight forward since they would read every research report from all investment banks and speak to all the analysts on the street and know the ins and out of the company. Automated trading in a way shifts the responsibility to a machine, so if you lose money you have something to blame. Whereas, if you trade completely manually you are to blame. Human nature does not like to admit they are wrong. I also believe automated trading makes you lazy, whereas manual trading you are continually looking at other variables to confirm your trade. I have many times ignored trading signals due to other factors developing on other markets or news coming out that I believe would affect the instrument I am trading. 7 out of 10 times I have been correct.

The hedge funds that trade through us use multiple strategies. Unfortunately we may only be seeing one side of the trade. Hedge funds tend to use multiple prime brokers to execute through. Even your Quant funds use research reports, i.e. Fundamental analysis What I was referring to if you could predict human behaviour making money in the markets would be easy.

I am a trader with an IB, I have two developers working with me developing "strategies" to assist my trading. At the end of the day human instinct/gut felling is where the real money is. The markets are driven by emotions (fear/greed), no program can cover that. It is easy to fit a strategy to historical data. However, humans do irrational things at expected and unexpected times which could never be accounted for.

MC is a very average product at best. I have been using it now for two months and would not recommend it. The interface is nice and that is about it. I am giving one more month and if still not satisfied I am going back to TS2000i. In the latest S&C 2011 awards, MC did not even get a mention. I dont think there are many users out there.

Thanks for that, This JHM is very interesting stuff.

I also dont understand what you mean by "V" shape, Are you referring to a pullback in a up trend? or a proper "V" shape?

SIUYA well said. The trend is your friend, to pick a bottom is very difficult and I believe is luck. Rather stay out and look for other stocks. The are three positions: Long Short and Out. Rather be out than loose money.

I trade all the index futures in Asia including Japan. I find EW works reasonably well. As far as aglo models you can use anything as long as you are happy with the back testing results. Pair trades are common ie MSCI Taiwan vs Taiex.

Agreed, the best outcome is to trade for a trading house that way you get a salary and when yoiu hit the ball out of the park you get a huge bonus. Win win situation.

Guess what I am going to be reading this weekend " Channels for Building Wealth" Bought Multicharts today, time to let go of Tradestation 2000i (RIP)

I have attached the 1st 9 bars, in the begining it all is ok until the bars start drifting sideways. Are my lines correct until it drifts? How do you handle drift? Thanks

Forgot to metion, when you PM me let me know what is your software preference. I am using Tradestation 2000i and Advanced GET, both with Bloomberg data.

HI, I am looking at putting a group together on the above trading style, if anyone is interested PM me. Let’s get the ball rolling. Maybe if we are lucky we could get Jack and or Spydertrader out here for a discussion.

Is there anywhere I can find end of day charts of the ESM1 (5 minute interval) with the channels drawn in, I need somewhere to check if I am correct? Thanks

Hi, I am very keen to learn JHM, I have managed to download all the videos and documentation. I am ready to get strated. Are there any exercises available to practise drawing the channels. I am looking for some way to see if you drawings are correct. I would appreciate any help. Regards