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to finish out this idea....

 

it couldn't get past 37...

from 37.5 high... long signal would be at 27.5 or 28.5

... but it didn't make it... so no long signal

 

-----------------------------------------

.. from 32.25 ... if it can't get past that 37.... and goes back down..

... then you would go long at 27 if it gets down there subsequently

 

...there are other rules... but you get the idea...

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Have you considered posting a chart, a few words of explanation, etc.? There is such a thing as providing so little information, that others do not know how to begin to formulate a question.

 

A picture is worth a thousand words (wink wink)

 

 

... this journal is for me....

... if you want something..... just ask

 

... and be specific and polite... thanks

 

I'll assume that you REALLY did not understand the above 2 posts so here it is in a different format.

 

Instead of writing very long posts, a chart with a short explanation in the chart would be more helpful (if you REALLY want to help, that is)

 

Gabe

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...check out page 5 Gabe...

... i understood your post the first time i can assure you.

... your sarcasm is pointless when this journal is for me... not you... get it ?

... maybe if i was posting under BLOG, i would not get these kind of snide remarks.

 

I'll assume that you REALLY did not understand the above 2 posts so here it is in a different format.

Instead of writing very long posts, a chart with a short explanation in the chart would be more helpful (if you REALLY want to help, that is)

Gabe

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.. another reason i have not been posting charts...

is that, as i said, this journal was started for myself alone.

.. since my chart is in front of me, it is too much trouble to post something i am already looking at.. especially when TL servers are slow as molasses.

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... there is a schmuck in the group i trade with...

... apparently he is following this journal, simply due to the comment made by thalestrader about "unintelligibility"

... hilarious... ;0)

... if i was visiting someone else's journal, and i wanted something, i would just politely ask for it... instead of using some sarcasm and 3rd person form of address.

... anyone is welcome to contribute, as long as it is done politely.

 

... i guess smart people tend to be dumb asses when it comes to being polite.

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... about wednesday..

.. as i said "don't bother" due to strong trend.

 

the reason is this.

.. you can see that the move exceeded 10 points..

29.25 es... to 41 es

 

so.. while you could still survive...using a 3 point stop

.. the pullback offered you very little opp for gain

 

another reason for "don't bother" in this case

is that once you know it is a strong trend, it is often too late

... so let's say you go with the flow on the retrace to 38.25, and get in in the direction of the trend.

 

... well sure you can get the break out for continuation... but there was not enough time left.

... so if you wanted to hold for another 10 point move, you would have to take on the added risk of holding over night.

 

..so.. to sum up... once you have determined that the trend is strong, either don't trade.. or fade the system

... by waiting for a small pullback around the 10 point mark, and getting in in the direction of the trend if there is time left

 

stop used should be at least 2 points, preferably 3 points

... and more than one contract is also preferable due to the ability it allows you to take some off at 3 points gain or 6.5 points gain, and let the rest battle it out for the full 10 point move

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... if you went long on wednesday on the pullback to 38.25

... then you have to just be a hard ass and hold on over night if you want to go for a full ten point move to 47.25--48.25

... i say hard ass... because it means you also have to hold on through that pullback at the close which ate up half of your gain from your entry on the small pullback

.. i would venture that had there been enough time left in the session, it might have continued on to 47--48 without all that hulabaloo... you never know

 

... a note on the system, my rule of thumb is .... if it goes 3 points from the turn, then it could go more.. be it 6.5 or even 9--10

... another note... if you are using a 3 point stop... you can see that trading multiple contracts is a big plus when trying to get (profitably) over this 3 point distance from the turn on the remaining contracts... whether you see one unit as being 10 contracts or 1 contract you get the idea

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I think the issue at hand is that you are saying just ask a question and you will be glad to help; but when a few have asked for charts you say you can't do that. The TL servers run just fine the majority of the time so the issue is taking a screenshot and then uploading. If you use something like snagit, this process takes about 2-3 minutes from start to finish. A little longer if you really want to detail your screenshot.

 

So I would suggest you either:

 

1) Tell people that you have no desire to help out other than the numbers you post

2) Tell people you are willing to help and then do it, which includes screenshots

Maybe you didn't notice, but the requests so far have pretty much been - post screenshots. That is what your audience is asking for, your choice if you want to oblige.

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... thanks Browns... for being my interpreter...

... yeah.. it's up to me... as i have said already repeatedly

 

... when i posted screen shots with explanation of the method... on page 5, in response to your request to do so... there were no questions about it

... and as i have already said, i will post screen shots when i feel like it

... unless anyone has a specific request which is made politely without sarcasm

.... don't need or want an audience...as this thread is for myself

 

... i would prefer to interact with individuals who are both respectful and polite ... if those individuals have any requests for pics or explanation then i am happy to oblige

.... if those other individuals who would like to pop in and clutter this with sarcastic *hints* instead of just asking exactly what they want... they can just take a hike as far as i am concerned.

... how about this.... i will do what i want... take it or leave it

... no more comments about this

 

... and yes... as i have said, i will be posting more screen shots than before... to oblige those who appreciate them

I think the issue at hand is

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...my last comment on this...

..just to clarify... i never said "i can't do that"

.. i am saying I WON'T DO THAT... for smart asses.

... anyone else, i am very happy to oblige

...see this is why i don't have any interest in posting a tutorial style thing here...

... because it just attracts smart asses (i am not referring to you Browns)

...any more comments about what i should or should not be doing... will be ignored...

...keep in mind... this is for me... not others

 

... anyone who has any specific request.... will be obliged at my discretion.... thanks :0)

 

I think the issue at hand is that you are saying just ask a question and you will be glad to help; but when a few have asked for charts you say you can't do that.
Edited by elovemer

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... here is a screen shot of nothing

... just showing where the long signal would come in from this 45 high pivot

...pretty basic .. right ? right.

... high 45... long at 36--35 .... 3 point stop... simple

 

.... if this is too confusing... then just look at your own chart... as i have said...

... and go back over a month or so ... 5m charts.... and measure all the 9-10 point moves

... that is the best way to get this... not by looking at my screen shots

 

...edit... one more note about this chart

... where would the next short signal occur ?

.. for me... i would start from 38.25.... until 48.25

 

.. unless.....

.. you can see that the AH low pivot is 41 ... if this make a double bottom there... then i would start from there

41....51

.... why ? i don't know.

but i would forget about 38.25..48.25 ... and i would instead watch 41...51

... might it pullback at 48.25.. instead of at 51 ?.... yes it might. it also might never make it to 48.25

 

... should one be shorting ? or going with the trend now ?

... that is really up to the individual

 

... should one distinguish between globex signals and rth signals ?

... or do they merge together ?

... i don't know any good way to answer this.

.... sometimes in rth , it will turn on a signal which started during globex and never make it to the rth signal level

.... sometimes it will go a bit beyond a globex signal ... too far.... and then come back up to form a perfect rth only signal

Untitled.thumb.png.c771e044c386440d662b87201564d2d4.png

Edited by elovemer

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___snip_____

 

... now find all the 9-10 point moves... using ES contract

.... sometimes it will turn... sometimes it will pull back only a little

....sometimes it will go 20 points

.... sometimes it will go 13 points and come back to test the 10 point before continuing

...sometimes it will go 12 points and turn

..and when it does turn... sometimes the pullback will be small... sometimes it will be a full 10 points

... but to get a feel for it... it is best to just go over the chart... and see for yourself

..... somebody trying to explain it is sometimes not the easiest way

 

 

I guess the question then becomes is there an effective way to manage all these eventualities to eek out a profit? In the interest of simplicity maybe a fixed x point stop and y point target would do the job? (you use 3 for x and I guess 9 for y?) There are also the times when it will only go 8 7 6 5 4 or 3 points does one lock in profits or leave the stop?

 

 

.... if this is too confusing... then just look at your own chart... as i have said...

... and go back over a month or so ... 5m charts.... and measure all the 9-10 point moves

... that is the best way to get this... not by looking at my screen shots

 

 

One needs to be very careful of perceptional biases here. You need to also look at all the moves that came after 9-10 point moves that fizzled out. On your example chart there is a losing short before the example you show. Some statistical analysis would no doubt help.

 

The idea is simple but requires more meat to turn it into something tradeable. I guess that why some people are a little confused. (Though I think you are going 9 points or bust (-3))?

Edited by BlowFish

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screen shot

... globex signal starts at 39.5

... rth signal starts at 41.25 from yesterday

....why am i changing where i said rth signal starts from ?

... can't explain that one

 

there will always be people who say this system doesn't work.

without having done their homework. and without having traded the system after having done their homework.

hhUntitled.thumb.png.62b3502e8aff7501d1c26407c7efddad.png

Edited by elovemer

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... i could lay out my numbers... but i am not here to try to convince skeptics.

.... you have shown yourself as a natural skeptic on the other thread "rule of 10" where you made ******* comments there

....one reason why i started my own thread.

for myself, not for skeptics.

 

... if you want to contribute Blow, do your homework and get back to yourself.

 

I guess the question

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... if you want to turn it into something tradeable (FOR YOURSELF)

.. then have at it

... don't look to me.

... this journal is not for convincing anyone what has meat and what doesn't

 

as for me... i would never go on someone else's thread and flat out say it doesn't work.

not, at least, without having done my homework and having tried to trade it myself first

why don't you try to trade it for a few months, then come back and make seemingly knowledgeable comments about your experience

... instead of looking at my chart and saying "oh that one didn't work did it ?"

 

... this journal is for me... not you

 

[quote name=Blow

The idea is simple but requires more meat to turn it into something tradeable. I guess that why some people are a little confused. (Though I think you are going 9 points or bust (-3))?[/quote]

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... as with any system... trade management is the most important component to success

... this system provides the trader only with an entry.... and a (possible) exit... and a stop

...once in... it is up to the trader to manage the trade and make the system profitable.

... if you get in and the trade goes your way.... it is up to you to take some off (where?) or to hold on full position for full move

.... or to hold on even thru 10 point level....

... if you have a 3 point stop... and you enter at 9 ... and it goes 12... you lost 3 points

... if you enter at 10... you lost 3 points if it goes 13 points

... if you enter at 9... and it goes your way .... and it goes 3 points from the turn....

... should you move your stop? and to where ?

... if it goes 3 points in the money on the trade.... do you move your stop? to where ?

 

... this is trade management... and it is only thing that really matters with any trade system.... the system you are using is secondary...

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