Recent content by rfk_from_za

Charlton, Let me start by saying thank you for posting a well thought out and referenced post. In terms of the initial posts about emotions, I accept that I contradicted myself, but I feel that was down to the fact down to me not understanding that we don't have to trade in a manner that...

Right lets start at the beginning. I back-tested the system using ProRealTime. I couldn't quite model the profit taking method in ProRealtime, so I experimented with it in real time using a simulated account for 1 month. I then traded my system in real time for 1 month using a simulated...

I made a 2 percent return

I have traded it via a simulation account for the past month and it made small but consistent profits.

I am in the process of testing my method using real money and a spread betting account. At the moment I am sticking to my system for the most part, I have made the usual mistakes like taking profits too early and jumping the gun by trying to anticipate a signal. However I am now on to my 23rd...

Well I am trying to further explore what I have read in Mark Douglas' work, since one of the beliefs I am trying to install is that the outcome of each trade is uncertain and I should not attach any emotion to it. Since profit is generated by letting the system work over a large number of...

So what you're saying is that I shouldn't be placing these orders, but rather I should simply watch the trade and take profit if the price hits my pre-determined levels. If I am in a situation where I cannot manage the trade then I should not be in a trade, is this your view on things. At the...

I understand where you are coming from, however this is not really what this thread is about. My question was: ====================================== "By placing limit orders in order to take profit at specified levels are we expecting the market to reach those levels, therefore setting...

Managing Expectations Hi Guys, Ok in order to ensure we are calm and not stressed when we are trading we need to manage our expectations. When we trade we should not have any expectations, since if the market does not meet those expectations we will be disappointed. We should simply do what...

Hi Everyone, I have a system which I am using to trade stocks. It based on Chick Goslins 3 line system. I have condensed the way he interprets these lines (e.g. bullish or bearish) into a custom indicator (I use ProRealtime for trading). I then use the value of this indicator to screen stocks...

Thanks for those resources DB. I will try to take a look at them over the easter break. You mentioned keeping control of your trading environment would care to elaborate on this. I assume you're talking about ensuring you aren't interrupted while you are trading. That you have any resources you...

DB Thanks very much, I could not have put it better myself. Charlton Maybe my view would be made more succinct if I give you my view on what an edge is and how knowledge, skill and experience factor into my trading I see an edge as a system that has been rigorously tested via back-testing...

Charlton, I agree this could go in alot of different directions. I am going to try and guide it down a practical route so that techniques are discussed. Since I feel that we can debate our beliefs until we are blue in the face, but until we say 'Try this' and you'll see I don't believe we are...

Yeah, like I said in my first post I am not looking for a quick fix, and I am willing to do whatever it takes for as long as it takes to become successful at this. I guess I am also looking at using this discussion to help reinforce the beliefs that I need to develop in order to 'Free' myself...

Sure its based on Chick Goslins 3 Line system. I have actually condensed this into a custom indicator I use in my trading software. This way I can screen stocks that meet the relevant criteria so I can be in the market most of the time. I also include some interpretive items that help me gauge...