Hi Nick,
Thanks for the info on the Volatility System trades. If those trades all close above or below the SAR will they all be profitable or will some of them stop and reverse at a loss? Just curious.
I'm still happy with the SI System on the 1 hour i.e. working well although I've been kinda 'messing around' with that 'little system' more lately to be honest not for any good reason i.e. just being me again!!! The ONLY problem I have with the SI System / 1 hour is the fact that it limits you to the number of instruments that you can 'track' i.e. you cannot have a whole long list of instruments that you want to trade AND have two or three trading accounts 'to boot' as it is just not physically possible to be able to check the Swing Index, place orders, remove orders, etc. etc. etc. because by the time you get to the 3rd or 4th instrument the price has normally already gone past your price. Add to this the Volatility System and the TBP System and I don't see how you're going to cope well BUT try it and see just don't overtrade is all (of course). As far as getting conflicting signals between the systems is concerned I'm not sure I'd worry too much about it i.e. they're all designed to work a different way so you may find that although all three are giving conflicting signals it does not necessarily mean that ANY of them are wrong.
I've traded Gold and Silver a little this week with not such spectacular results i.e. not as much movement as I would have expected on the 1 hour timeframe. I'm FAST starting to see why GBP/JPY is so popular i.e. because of it's volatility. For me (of course) nothing beats the indices but I have not done too much this week at all (to be honest I've got the flu and it's getting me down big time).
The 'simple little system' seems to work well but in the past day or two I've found that the strangest thing is that all it is doing really is 'mimmicking' the Swing Index System. Try it with both on a chart and you'll see. Sometimes the 'simple little system' will get you into the trade earlier and sometimes it will give you a false signal that will cause you to stop and reverse and take a small loss but the same thing happens with the Swing Index System whether you use the 'simple little system' as a filter or not. Basically after 'messing around' with it (both together) for the past day or two I'm starting to think that it's 'either / or' again i.e. no point in using them together and maybe just complicating things (which seems to have become my 'trading speciality' as if the Swing Index System is not complicated enough on its own for crying out aloud)!!! The main problem with BOTH is WHERE to place the orders. I thought the EMA thing would keep you away from those orders that get hit due to a spike but no matter what you do you're etither too far or too close or whatever. It does not matter how you 'slice it' i.e. it's just a fact of 'trading life' that orders are going to be hit due to spikes or whatever and this will result in a loss on the stop and reverse and there is no way around it.
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