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It did for us

Posted 12-06-2008 at 05:19 AM by rdstagg
11-Jun-08
Ym 5
EMD 400
ER2 290
DAX (525)
ESTX(170)
SMI 10
Net 10 /40

Something happened early on in the European markets to trip our stops and get us out of a beautiful Short position. I think it was the BOE announcement but I don't have live news so I can't be sure.
The system missed out on some major money AGAIN today.
Fortunately the late moves got captured in the USA market but we do not want to miss moves...
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Old

Horrible Day

Posted 11-06-2008 at 07:05 AM by rdstagg
10-Jun-08
Ym 5
EMD (200)
ER2 (750)
DAx (775)
ESTX 10
SMI 0

Net (1710) / (6840)


All just horrible entries. Not much else to say.
Long on everything except EMD and still managed to lose money there.
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Old

fear and Fibonacci

Posted 10-06-2008 at 06:07 PM by savioursofpop
I've been building day trading systems for nearly a year now. up until now - all have failed to produce consistent returns.

over the last 3 months however my latest has gone from strength to strength, based mainly on the application of some basic psychology I've gleaned from a masters course I'm taking and reading some serious manuals on technical trading.

my system is based on, what I see as the 2 most human elements of the market - fear and Fibonacci. I'm aiming to...
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Old

Sometimes you fail

Posted 10-06-2008 at 05:44 AM by rdstagg
Here is the sequence of events with a Dax trade on June 6th.
The good news is that we got some profit. But we also left a lot on the table.
Had I been non discretionary about our rule based system we would have captured the whole lot
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