Recent content by Bill

To Tonyspry and all contributors to this thread. I felt I couldn't read Tony's extensive reply without some kind of comment. I have been working on several systems of my own over the past months (or is it years now?) and have settled on the idea that the only way to effectively back test them...

Hi Was a little bit too quiet even for the channel rules. Must be holiday mood. The price did seem to be bouncing nicely from the 100ema -15 line but then the exits at the ema100 +15 were just not there. I took a long after 6:00pm [home @ 5:00pm] and then waited for a sensible exit. Ater...

I was looking at it 'in-hours' so I suspect the extra spread must be something to do with the fact that it is a demo system and as such doesn't know if it's 'in-hours' or not. Thanks for the info Mojazz, clearly the real system is better. Bill :)

Hi Debs Re paper trading I don't know if this is of any use to you. I use the CapitalSpreads SB simulation which seems to work well. It allows stop losses and limit orders as a normal SB account would and 5 point spread on Dow cash. Address is www.CapitalSpreads.com if you're at all...

Oh dear.... More of the same I'm afraid. Home after 5pm to see a big rise in oil and a big fall in the Dow. So we're looking for shorts? The price came back up close to the 100ema and, at the time, looked like a bear flag forming with huge target. Yes let me have some O' dat. To be honest the...

Hi CM I'm not sure how you got a T1 of 490. I made the height of the triange about 25 and therefore the breakout 25 which gave me about 470ish? What did I miss? [apart from lots of points of course :( ] TIA Bill

Hi Just one loser today. Home after 5 to see what looked like complete apathy and a perfect day for the channel rules?....Err...No ! I saw another of my dodgy tri's [see chart] with target but wasn't sure which way it would break so I waited and 'by the time the market 'confirmed' what I...

Hi ....Turkey stocks TS? So! Bernard Matthews it is then... Bootiful :D I'm well aware there will be some mega success stories today but look at it from my point of view. I can't trade until about 5:15 so if you can just blank out everything before that you will see that for me today was...

Hi You know this is a silly game...... First trade after I got home at 5:00 after seeing another of my phantom triangles with target at about 540. It got nowhere near but at least I put in a BE stop which saved any embarrassment. The next was more successful with a bounce from the ema100 -15...

Hi Difficult day for me. I think I can deal with an up day or a down day and sideways works very well with the channel rules. Where I come unstuck is when there is strong sentiment reversal like today. Home after 5:00pm and waited patiently to see a rather poorly formed triangle with about a...

Hi Quite a good day for the channel rules. Possible trades annotated on the chart although I did not take them all I did manage a respectable 28 today. What threw me was a possible bear flag, [showing best on the 5 or 10 minute chart] so I was kind of expecting a fall to around 460ish which...

Congratulations Justyn and all the best for you and your family. :) I suppose you'll be wanting parternity leave from the T2W boards will you? Well don't be away too long we need you here you know.... :) Regards Bill Edit: Oops! On this occasion please ignore signature.

Hi Entertaining visitors today and for the rest of the week but I couldn't resist posting the chart as I think it would have been just perfect. [ok yes, easy to say afterwards I know]. What a pity I couldn't trade properly today as I feel there was a good 60-70 points available but of course...

CM Yes normally I would agree CM. Let me explain. This is yet another experiment [CapSpeads simulation as usual] which calls for overlapping trades (or 2 half size trades if you prefer). The second short/long comes around 20 points above/below the first right at the 20/25 point stop position...

How's this for coherent gibberish? Chart for today attached with a little more success. Was not home early enough to take the long entries but I did have a bash a the two shorts [7pm & 7:15]. I don't want to bore you with too much detail as I'm working on a modified plan of attack. [If it...