Hi,
My trades are not going too well this week so far because I have not done any trades this week so far!!! I've been too busy updating indicators and adding stuff to the GCI platform unfortuanately (but today it looks like I'll be able to concentrate on trading again)!!!
Timeframes:
I think the timeframe depends on the instrument being traded. For example: the Dow moves LOADS intraday and if you're only trading the daily timeframe then you miss these moves. On the other hand there may be other instruments that do NOT move this much intraday so there'd be little point in trading them on a short timeframe. See my point? Soybeans is a good example of this i.e. Soybeans very rarely moves 'up and down' during a single session i.e. most times the price is either up or it's down in a session so it makes little or no difference whether you're trading Soybeans on the daily timeframe or the 1 hour timeframe. See the difference? Of course trading the shorter timeframes limits the number of instruments you can follow at any one time i.e. if you're trying to follow too many instruments you simply just do not have time to update the ASI and place orders i.e. most times the price will have already moved past your order price by the time you get to placing the order EVEN WITH my 'Integrated SI System Indicator'!!! Just something to bear in mind of course.
I'm please to hear about the Volatility System trades. Keep us updated if you don't mind.
As far as the other 'little system' is concerned (it definitely needs a name for reference purposes) it seems to work on everything (and well I might add). The strange thing is that I seem to be coming up with REAL simple stuff lately i.e. the 'it's so simple it's too simple to have lasting merit' but still I have not come across 'the pitfall' as yet and believe me I keep looking for one!!! I'm currently demo trading it (yes me: demo trading would you believe) on various instruments and so far so good. When I'm happy I'll post some results.
|