Recent content by ducados

Well that’s what I like. Go out on a high note for my last trading day for a while. I had a confirmed sell signal at 16:00 GMT on the DOW. I waited until it pulled back to the 34 EMA on the 30 min chart and shorted at 12219. I have just taken the exit at 12115 because it is a strong support...

Yes I agree. But who's fault is that? The trader or the computer? If thats the case the same would also be true of their trading plan. How would they cope with that? At least you would be sitting back objectively thinking about the problem and not try and force trades because of stress. Because...

Well, I actually agree with both of you. In fact you are both right. If you are paper trading correctly and for long enough, have a great system and self-control, professionalism and mental discipline then it should be a seamless transition from paper to real money. It sounds like you do and...

While I agree with your comments on the intelligence of computers I feel you are missing the main point of Automated systems (as do most people). For the very reasons you have listed as to why a computer can not think for itself or out smart a human, these are the very reasons why they are...

Hi Pitbull Man. You are SPOT ON with your analysis. You have described me perfectly. I had the rules but never stuck to them. I jumped from indicator to indicator and time from to time frame all of the time. I never settled on just one strategy and I almost never took a stop loss. I had zero...

Hi Neil I agree with you. I have used Tradestation and it is a very good system for designing automated strategies. I have an IT background that includes programming so I found it very easy to get to grips with. I particulay like the continues contract concept. This makes it very easy to back...

Thanks chaps. I will buy a copy tommorow. Good advise. On the point about automation. Yes I do want a black box style solution. It will handle precise entry and exits and control stop losses to insure maximum constancy and discipline. However, I a will retain risk and money management outside of...

Its a good point. But you could say the same about a lot of things. Like kids :) You do it because you love it.

Thanks for the posts all. To Jack o'Clubs: That is a very good question. Its one that I will be asking myself in the months to come. I have known my problems for sometime now, always when the market is closed. I think the answer maybe quite a simple one. For 2 years I have been a gambler not a...

Hi to all you Newbie’s I just want to pass on some of my experiences to you from the last 2 tears. First of all. I have failed. I have lost thousands of pounds making ALL of the mistakes and broken all of the rules for successful trading. I had read all of the rules so many times before, all...

Chaps. I am very happy to have found your comments as I was about to sign-up for this product. My question is the same as Houdni. Can anyone recommend a good trading system?

I think that is a good idea if thats the kind of thing you are looking for. Just a word of warning. You really need to check the small print of any contract you sign. What are you getting into? How much does it really cost to be in? But more importantly, how much will it cost you to get out? I...

Hi Mate Well. I pay £300pm for a nice big office where I have 2 large desks, run 4 computers 2 with 3 screens. Pay £15pm for 2mb Internet, have digital TV a sofa and a mini bar. Its also just 5 min walk from my home. LOL. I am fine where i am. Just wanna a bit of a socil life.

hI No. I cant trade from home. Got two young kids to drive me crazy :). I rent a small office.

Hi all. I am a Day Trader in US and UK index futures. I have been a Trader part time for 3 years and now full time on my own for the past 6 months. I love the life and freedom but one of the main problems is that I am on my own and none of my friends understand or care about the markets. My...