On a serious note:
I’d love to see their platform. For the sake of interest. Any screenshots or stuff like that???
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It’s mind bending how money and power work … all the same players!
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If I get on tonight I’ll see what I can grab.
When I was trading options back then I was using Thinkorswim. I liked that platform.
KC
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Thanks. Would be nice. Don’t go to too much trouble. Just curious really. That’s “real deal” you know.
See what instruments are available and maybe a chart or something???
roger. will do.
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DUDE!!!
I see THE LOT there my good man!!!
Doesn’t look too shabby to me let me tell ya!!! LOL!!! Even watched the video!!!
I see FedEx AND Micron Technology reporting after the bell.
Nice looking charts those. Both set up for longs. But will not take the longs. Spineless. Could place limit buy orders so if they gap down tomorrow… Dunno. Just thinking aloud.
Forget it. Margin requirement on a fully scaled in position just too much. Pity. Well. Not too much as in I COULD. But I’d have to be real selective as to what else I trade.
Just to change the topic a little, I have been running an expert adviser (EA) on a demo account with about 28 different fx charts. It is running TPS by the book except for the emergency stop that is built into my EA - it closes all trades if a candle closes on the wrong side of the 200 SMA.
Starting capital on 10 June was $722. Currently $796. So banked profit in 11 days of full auto trading is $74, or 10.25%.
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You want to be careful with this. Carry on like this and I’ll have to stop telling people it’s impossible to make big gains with an EA!!! LOL!!! Probably even have to change my stance on spot FOREX because of you if this carries on!!! LOL!!!
Well done Sir. I’m pleased to hear it. We’ve been at this a while let’s face it.
Thank you, but it’s nothing to do with me - it’s running totally unattended.
Here’s the “bottom line”:
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You don’t have to be modest. Take a bow. It’s the only EA that I know of for this system to begin with. You drove that. Nothing to do with me or even the book for that matter.
Just dusted off my merrilledge roth ira.
Spoke with kevin at ME/BOA he was wondering if I was going to consolidate my additional 45K to meet the 50K to use marketpro. I inquired about the 15 trades a 1/4, and he thought I had to “prove” myself on the free version and then get approval for marketpro at the beginning of the next quarter. I just might go visit the local branch tomorrow.
KC
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Yes, this is for MT4.
I’m happy for you. And I hope it’s wrong. Because I’m short at the daily pivot!!! LOL!!!
Nice thing about this trading system:
With most others we could be either right or wrong. With this: price could very well go down, I TP, you scale-in, we’re both good.
Only reason I’m not in your same trade is a) I didn’t even LOOK so missed it and b) I’m still short the Dow and S&P which I want to get out before I start going wild again. Those two oversized positions are hogging margin.
Good Luck!!
I’m witnessing battle of the Titans!!
KC
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I have a cyborg fighting for me. The Titan has no chance!
He’ll be bahk!
No profit yesterday on the DAX??? LOL!!! Don’t worry. Me either with pivots (was the only loss I took yesterday).
Anyway. Given the above: it’s still a valid long trade. So I will place a limit buy order (Tier 1) at the close of the day before yesterday. You never know. I’ll look at any other trades that I’ve missed too.
Unfortunately I’ve been neglecting this system due to my pivot point experimentation (and whatever else has come of that now). Not good. Not good at all. And I need to start watching myself.
I also have a BAD confession to make and this only occurred to me when I opened my eyes this morning:
I cannot help but get the feeling that I’ve now YET AGAIN suffered a relapse because of these two oversized positions that I made mistakes on when opening them. Fact of the matter is that I’ve let emotions creep into this as in if I realize the loss on them as has ALEADY been indicated by the TPS then that would effectively wipe out every bit of profit that I have made since I started posting here in May. And this is a problem deluxe. I’m acting like a ■■■■■■■ newbie on these two trades. Now while it is true that that could be valid short trend trades as per one or two other trading systems: I cannot help but get the feeling that I’m just looking for any excuse I can find to not have to realize these two losses. I don’t now what’s going to happen this weekend. For all I knows Trump & Co. could get a room and have the most passionate nights over the weekend and comes Monday morning the US and China are the best of mates. What then??? And then again I’ve let crap filter into these two trades. Bloomberg. In my mind it’s just on in the background and mostly I only really listen to when they talk about individual stocks and earnings. but you know what: it’s creating a bias. And it’s creating a short bias. And it’s played into my holding these two positions and ignoring the TPS signals. Now this sounds VERY familiar does it not. Alright: these trades MAY go in my favor and these markets tank. But that’d be pure luck on my part and certainly nothing to write home about or sing my own praises. Point is: this rubbish creeps up on you without you even knowing it or realizing it. So. I need to think about these two trades seriously now. What a damn stupid mistake to make. Were it not for this I could have easily just taken the two losses the other day, they would have been minimal, and I’d be nicely up for the last two months or so. Not good at all.
I have also adjusted my risk based position sizing (again). Using 5 x ATR(10) is ridiculous it now seems to me. It’s having a severe impact on position sizing and therefore profits. So I’ve decreased it back to the recommended multiplier of 3 and I’ve also decided to use Wilder’s standard 14-day ATR.
Oh well. Onwards and upwards (well: hopefully downwards for now).