31 votes
Sage
Posted 13 November 2013 - 08:58 PM
We had too much blood in the street today, to scare some bulls away.
Bulls only strive when nobody wants to buy. Bears strive when everybody is buying.
Do you think Mom and Pop will buy when they see this. NO BIG NO
That's when big banks start buying.
Market corrections arent fun but they healthier for longer term gains
Those who bought at the lows are smiling now.
Phycology Phycology Phycology Phycology Phycology Phycology
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 13 November 2013 - 08:55 PM
I'm on skype now. Those who wanted to see my back testing results can reach me there.
I wil upload the file there. Forum not working.
skype name: shonimaze
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Silfen Path Wanderer
Posted 13 November 2013 - 08:48 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business. 
Silfen Path Wanderer
Posted 13 November 2013 - 08:35 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Little Master
Posted 13 November 2013 - 08:26 PM
thanks a mil for the tip.
as i said earlier - nightshift for me after today 
Keep an eye on Dow and S&P
If Dow closes above 15750 and S&P above 1770 then buy top40 tomorrow
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Sage
Posted 13 November 2013 - 08:23 PM
Keep an eye on Dow and S&P
If Dow closes above 15750 and S&P above 1770 then buy top40 tomorrow
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 13 November 2013 - 08:09 PM
At the moment i am getting clopped hard. But my 1st long will hit my stop at 40000 for a 500 point loss, if it continues going down.
But i suspect some upside to come. I am watching 6 markets now. The sell off looks broad based, but its not aggressive in other markets.
We have had 2 sell off since 25 June rally.
Syria story sell off was about 1300 points from the 27 August top(38900) to 1 September bottom(37650)
Debt deal sell off was about 1700 from the 27 September top (39900) to 9 October bottom(38200)
The current sell off is about 1500 from the 7 november top (41500) to 40 000 current.
If we have to follow the last sell off, we would say around 39800 will be a good area for demand. That will be 1700 points same as debt deal sell off.
Maybe a correction or profit taking. Longs are safer if we consider the 39800 bearer. A close below 39800 will start another trend.
The S&P dropped to 1735 last week, don't know if that was a one day correction because it's back to the 1760-70 areas.
The Dow is still trading above 15675 top.
The ALSI is maybe dropping because of Chinese shares drop. The Heng Seng droppped below 22600 for the 1st time since September 4th
I just keep buying. I will revise my longs if we close below 39800.
David, you can read this to find out what's happening in the market.
The S&P,Dow,Nasdaq already had their correction on Friday. But it was only a one day correction. I think the Top40 will also not stay low for long. It was our turn to correct.
Now the S&P,Dow,Nasdaq are at highs today.
I think our market will follow. we have done our 1800 point sell off. Now its time to fly.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Member
Posted 13 November 2013 - 08:07 PM
I've been messing around with it on a demo account which has now ended. I've opened an account but still need to fica and fund.
Played around with heiken ashi and AO.
Also struggled a bit with exiting, looks really good to the eye but backtesting is dismal. I think my better results were with AO on a 10 minute chart.
Didn't save any of that stuff before the trial ended
Found some interesting links though, and would be keen to colaborate.
Yep...Thats why one indicator on its own doesn't really work when backtesting..Im using 5 at the moment. Heikin ashi works well though on a longer time frame but only as a precusor to a potential trade..what links did you use for your research?
"Attitude produces better overall results than analysis or technique, of course the ideal situation is to have both, but you really don't need both, because if you have the right attitude the right mindset then everything else about trading will be relatively easy even simple and certainly a lot more fun." - Mark Douglas, Trading in the Zone.
Don't listen to me, I'm a market Rookie.
Member
Posted 13 November 2013 - 07:57 PM
if you have a skype account i can send you my results, when i was testing my system on a file
this forum does not want to upload
"Attitude produces better overall results than analysis or technique, of course the ideal situation is to have both, but you really don't need both, because if you have the right attitude the right mindset then everything else about trading will be relatively easy even simple and certainly a lot more fun." - Mark Douglas, Trading in the Zone.
Don't listen to me, I'm a market Rookie.
Little Master
Posted 13 November 2013 - 07:57 PM
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Member
Posted 13 November 2013 - 07:50 PM
Quick question..Has anyone developed there own trading system on ProRealtime(IG). What indicators are you currently using and over what time frame? How did you deal with Limits and Stops and mitigating the platform taking out your positions.What is your success rate in backtesting but more importantly what is your average trade gain.
This is taking way longer than I thought and am getting a bit frustrated. Would you be willing to share or discuss your code?
Thanks guys..(PM if you would rather discuss there?)
"Attitude produces better overall results than analysis or technique, of course the ideal situation is to have both, but you really don't need both, because if you have the right attitude the right mindset then everything else about trading will be relatively easy even simple and certainly a lot more fun." - Mark Douglas, Trading in the Zone.
Don't listen to me, I'm a market Rookie.
Sage
Posted 13 November 2013 - 07:32 PM
if you have a skype account i can send you my results, when i was testing my system on a file
this forum does not want to upload
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Little Master
Posted 13 November 2013 - 06:59 PM
Honestly is would be interested in the same...
Quick question..Has anyone developed there own trading system on ProRealtime(IG). What indicators are you currently using and over what time frame? How did you deal with Limits and Stops and mitigating the platform taking out your positions.What is your success rate in backtesting but more importantly what is your average trade gain.
This is taking way longer than I thought and am getting a bit frustrated. Would you be willing to share or discuss your code?
Thanks guys..(PM if you would rather discuss there?)
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Member
Posted 13 November 2013 - 06:17 PM
We had a wonderfull day, many people learned a lot today.
Even though my trades are in a loss, i'm just happy that people got to chat today. We need more people to interact.
Seconded, don't be scared to show your trades. Best case you right and make money, worst case you wrong and you may learn something from others comments.
"Attitude produces better overall results than analysis or technique, of course the ideal situation is to have both, but you really don't need both, because if you have the right attitude the right mindset then everything else about trading will be relatively easy even simple and certainly a lot more fun." - Mark Douglas, Trading in the Zone.
Don't listen to me, I'm a market Rookie.
Sage
Posted 13 November 2013 - 06:15 PM
Copper has reached a key support zone. We need copper to bounce.
When copper bounces then we are off, with a 1st class ticket to new highs.
Copper =BHP,Anglo
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 13 November 2013 - 06:10 PM
Looks like the longs are back in business...will be going long tomorrow morning with the early dip!
Won't be surprised if the US goes green tonight!
A
Looks like 39800 area was the demand zone. Total point on the sell off will be about 1800 points.
That's the same as the debt deal sell off. Now we are off to December.
We had a wonderfull day, many people learned a lot today.
Even though my trades are in a loss, i'm just happy that people got to chat today. We need more people to interact.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Silfen Path Wanderer
Posted 13 November 2013 - 06:09 PM
Keep an eye on the short; I don't think you should close yet? The S&P's approaching same stage that it made it's high yesterday. I think if it turns now, the low for the day's not in yet? (Also sitting with a huge short that's very red at the moment, so I might be biased??)
Nice....me also closed long but the day's toll left me 108 points red. Flip.....hedged a long earlier and then the short turned against me...
Just please remember I'm a layman and beginner!
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Silfen Path Wanderer
Posted 13 November 2013 - 06:07 PM
Nice....me also closed long but the day's toll left me 108 points red. Flip.....hedged a long earlier and then the short turned against me...
Tried hedging a couple of times but that only complicated things for me. Your mind then has to concentrate on both trades at once. You never know when to close one and leave the other...
Now with each trade I set a S/L and T/P and let it run. Each on its own merit.
Maybe I'm getting too old to concentrate on too many things at once...
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Master
Posted 13 November 2013 - 06:01 PM
Nice....me also closed long but the day's toll left me 108 points red. Flip.....hedged a long earlier and then the short turned against me...
Tried hedging a couple of times but that only complicated things for me. Your mind then has to concentrate on both trades at once. You never know when to close one and leave the other...
Now with each trade I set a S/L and T/P and let it run. Each on its own merit.
Maybe I'm getting too old to concentrate on too many things at once... 
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Master
Posted 13 November 2013 - 05:59 PM
Nice....me also closed long but the day's toll left me 108 points red. Flip.....hedged a long earlier and then the short turned against me...
Keep an eye on the short; I don't think you should close yet? The S&P's approaching same stage that it made it's high yesterday. I think if it turns now, the low for the day's not in yet? (Also sitting with a huge short that's very red at the moment, so I might be biased??)
Just please remember I'm a layman and beginner!
Edited by BBW, 13 November 2013 - 06:03 PM.
Exi, impie, exi, scelerae, exi cum omnia fallacia tua
