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black bear
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Thanks Split,
Hi Split
Just spotted this and ............... blown away
I am ..................speachless, and that does not happen often I assure you
will respond with my best post ever, just not yet its going to have to be very good in deed
A personal Best for sure
I am so glad Split, I really am
Stay the right side you helped me to
Andy
Hi Split
Just spotted this and ............... blown away
I am ..................speachless, and that does not happen often I assure you
will respond with my best post ever, just not yet its going to have to be very good in deed
A personal Best for sure
I am so glad Split, I really am
Stay the right side you helped me to
Andy
Crap Buddist
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black bear
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Ok
You and Split started it with that trend line post back in Aug I think, thanks for the follow up example by the way Ian
I am on the right side these days, guess I must have given Split a good point or two and he"s on the right side more often to
Lost my lid on ftse swing thread this morning, thought someone or ones were having a pop and Split posted :arrowu:
I am still blown away and thinking on a suitable response and its going to have to be good
any ideas :?:
Andy
Come on lads, shed some light here, I'm confused...
You and Split started it with that trend line post
back in Aug I think, thanks for the follow up example by the way Ian I am on the right side these days, guess I must have given Split a good point or two and he"s on the right side more often to
Lost my lid on ftse swing thread this morning, thought someone or ones were having a pop
and Split posted :arrowu: I am still blown away and thinking on a suitable response and its going to have to be good
any ideas :?:
Andy
rent by the hour... er, so I've heard.....
Not quite!
But I give credit where it's due.
Andy has a fresh approach that I appreciate.
Loses his cool, sometimes, but his point of view makes mockery of the usual TA theory which, lets face it, I find works fine until I start using it.
Split
black bear
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Still blown away Split
Hope all had a good Christmas and wishing you all a happy New Year
I thought long and hard regarding this post and I am afraid I can only come up with this. Anymore is just information overload and helps no one, the search is or should be FUN, it is your search and there are no short cuts.(happy New Year Rolls & :clover
Week High & Low and Day High & Low
Chart (Week & Day) with 50 sma & 20 sma) Intra day the same and no lower than 15 min to execute the trade.(with sb firms)
Open hours range is your days pivot point
The market makes many Highs and Lows in a day but only one true High and one True Low
My Rules, I found them on my travels, I think they are pretty good and I am sure if you consult them you can come up with a workable plan that does not contain to much RUBBISH.
yes I no, I no and I am still working on a number of them myself. No one said it was going to be easy did they:?:
"Old Rules...but Very Good Rules"
If I've learned anything in my 17 years of trading, I've learned that the simple
methods work best. Those who need to rely upon complex stochastics, linear
weighted moving averages, smoothing techniques, fibonacci numbers etc.,
usually find that they have so many things rolling around in their heads that
they cannot make a rational decision. One technique says buy; another says
sell. Another says sit tight while another says add to the trade. It sounds like a
cliché, but simple methods work best.
1. The first and most important rule is - in bull markets, one is supposed to
be long. This may sound obvious, but how many of us have sold the first
rally in every bull market, saying that the market has moved too far, too
fast. I have before, and I suspect I'll do it again at some point in the
future. Thus, we've not enjoyed the profits that should have accrued to
us for our initial bullish outlook, but have actually lost money while being
short. In a bull market, one can only be long or on the sidelines.
Remember, not having a position is a position.
2. Buy that which is showing strength - sell that which is showing
weakness. The public continues to buy when prices have fallen. The
professional buys because prices have rallied. This difference may not
sound logical, but buying strength works. The rule of survival is not to
"buy low, sell high", but to "buy higher and sell higher". Furthermore,
when comparing various stocks within a group, buy only the strongest
and sell the weakest.
3.When putting on a trade, enter it as if it has the potential to be the
biggest trade of the year. Don't enter a trade until it has been well
thought out, a campaign has been devised for adding to the trade, and
contingency plans set for exiting the trade.
4.On minor corrections against the major trend, add to trades. In bull
markets, add to the trade on minor corrections back into support levels.
In bear markets, add on corrections into resistance. Use the 33-50%
corrections level of the previous movement or the proper moving average
as a first point in which to add.
5.Be patient. If a trade is missed, wait for a correction to occur before
putting the trade on.
6.Be patient. Once a trade is put on, allow it time to develop and give it
time to create the profits you expected.
7.Be patient. The old adage that "you never go broke taking a profit" is
maybe the most worthless piece of advice ever given. Taking small profits
is the surest way to ultimate loss I can think of, for small profits are
never allowed to develop into enormous profits. The real money in
trading is made from the one, two or three large trades that develop
each year. You must develop the ability to patiently stay with winning
trades to allow them to develop into that sort of trade.
8.Be patient. Once a trade is put on, give it time to work; give it time to
insulate itself from random noise; give it time for others to see the merit
of what you saw earlier than they.
9.Be impatient. As always, small losses and quick losses are the best losses.
It is not the loss of money that is important. Rather, it is the mental
capital that is used up when you sit with a losing trade that is important.
10.Never, ever under any condition, add to a losing trade, or "average" into
a position. If you are buying, then each new buy price must be higher
than the previous buy price. If you are selling, then each new selling
price must be lower. This rule is to be adhered to without question.
11.Do more of what is working for you, and less of what's not. Each day,
look at the various positions you are holding, and try to add to the trade
that has the most profit while subtracting from that trade that is either
unprofitable or is showing the smallest profit. This is the basis of the old
adage, "let your profits run."
12.Don't trade until the technicals and the fundamentals both agree. This
rule makes pure technicians cringe. I don't care! I will not trade until I am
sure that the simple technical rules I follow, and my fundamental
analyses, are running in tandem. Then I can act with authority, and with
certainty, and patiently sit tight.
13.When sharp losses in equity are experienced, take time off. Close all
trades and stop trading for several days. The mind can play games with
itself following sharp, quick losses. The urge "to get the money back" is
extreme, and should not be given in to.
14.When trading well, trade somewhat larger. We all experience those
incredible periods of time when all of our trades are profitable. When that
happens, trade aggressively and trade larger. We must make our
proverbial "hay" when the sun does shine.
15.When adding to a trade, add only 1/4 to 1/2 as much as currently held.
That is, if you are holding 400 shares of a stock, at the next point at
which to add, add no more than 100 or 200 shares. That moves the
average price of your holdings less than half of the distance moved, thus
allowing you to sit through 50% corrections without touching your
average price.
16.Think like a guerrilla warrior. We wish to fight on the side of the market
that is winning, not wasting our time and capital on futile efforts to gain
fame by buying the lows or selling the highs of some market movement.
Our duty is to earn profits by fighting alongside the winning forces. If
neither side is winning, then we don't need to fight at all.
17.Markets form their tops in violence; markets form their lows in quiet
conditions.
18.The final 10% of the time of a bull run will usually encompass 50% or
more of the price movement. Thus, the first 50% of the price movement
will take 90% of the time and will require the most backing and filling and
will be far more difficult to trade than the last 50%.
There is no "genius" in these rules. They are common sense and nothing else,
but as Voltaire said, "Common sense is uncommon." Trading is a common-sense
business. When we trade contrary to common sense, we will lose. Perhaps not
always, but enormously and eventually. Trade simply. Avoid complex
methodologies concerning obscure technical systems and trade according to
the major trends only
Learn at your own speed and with a bit of luck their money
Advice
First Bank £1000. I would consider this the absolute minimum to start learning to trade with, if you have not got enough then save up, if you have not got the discipline to save up then forget about trading, its not for you. (2.5 % risk per trade max) Remove excess funds on a weekly basis its good discipline to get into.
Eeeeeeeeeeeeek!! I have not made anything, better check what’s going on.
Advice
No trades in the first hour, at least not till you have traded for 3 months. After that you will no when to break that rule and even then I would say you should wait at least or approaching 30 minutes. You decide after 3 months.
Advice
You have one trade per day.
An Indian who leaves camp with one arrow returns with more game for the pot than an Indian who leaves with many arrows. It is best to wait patiently in a good ambush spot rather than firing many arrows indiscriminately. Learn to shoot straight and you will not require many arrows, less work back at camp making them to.
Another reason, you will only find yourself on the wrong end of a trend day once using rule 2, and once is enough in my opinion for someone just starting out.
The above is more then plenty to trade with in the money in my opinion and that’s tells you plenty, think about it.
The post below is better than all of my combined posts, the last sentence was added a few months later by Split when I asked his opinion or gave him an opinion, I can’t remember which, probably the latter if I had to make a guess
I do however remember the answer so it’s added
Perhaps when I am ready he will give me the next paragraph but until then ……………….thanks
Trend lines, to me, are drawn arbitrarily. I just use them as a sort of "comfort line". If I am on the right side of it I feel fine and have no worries. The rule that they must be drawn across the tops or bottom is, more or less, telling the market what to do. How can you expect that of a price? When the price cuts the trend I look to see if a pattern is forming. If the pattern is continuous, I revert to a trend line, again, almost certainly, the momentum will have changed but if I keep to the right of it in a bear and to the left of it in a bull then I am OK- Whenever it crosses, it is a warning to pay attention to the trade, nothing more.
There is nothing to be learned from trend lines, IMO anyway, except to help keep the ship on course. Go inside it and you are entering into shallow water.
Watch the trend line but remember that deep sea men don't like shallow water. Neither do coastal men like deep water.
BY
Split:smart:
Even Split did"nt write this one, but he was wise enough to no its value so had a post at me one day::smart:
IF you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don't deal in lies,
Or being hated, don't give way to hating,
And yet don't look too good, nor talk too wise:
If you can dream - and not make dreams your master;
If you can think - and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build 'em up with worn-out tools:
If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: 'Hold on!'
If you can talk with crowds and keep your virtue,
' Or walk with Kings - nor lose the common touch,
if neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!
Rudyard Kipling
Again have a real good New Year
I just checked and its about 650 posts I have made, some of them are on real good threads (REAL GOOD THREADS) and may help anyone just starting out or up against it.
Good Luck :clover:
Andy
Hope all had a good Christmas and wishing you all a happy New Year
I thought long and hard regarding this post and I am afraid I can only come up with this. Anymore is just information overload and helps no one, the search is or should be FUN, it is your search and there are no short cuts.(happy New Year Rolls & :clover
Week High & Low and Day High & Low
Chart (Week & Day) with 50 sma & 20 sma) Intra day the same and no lower than 15 min to execute the trade.(with sb firms)
Open hours range is your days pivot point
The market makes many Highs and Lows in a day but only one true High and one True Low
My Rules, I found them on my travels, I think they are pretty good and I am sure if you consult them you can come up with a workable plan that does not contain to much RUBBISH.
yes I no, I no and I am still working on a number of them myself. No one said it was going to be easy did they:?:
"Old Rules...but Very Good Rules"
If I've learned anything in my 17 years of trading, I've learned that the simple
methods work best. Those who need to rely upon complex stochastics, linear
weighted moving averages, smoothing techniques, fibonacci numbers etc.,
usually find that they have so many things rolling around in their heads that
they cannot make a rational decision. One technique says buy; another says
sell. Another says sit tight while another says add to the trade. It sounds like a
cliché, but simple methods work best.
1. The first and most important rule is - in bull markets, one is supposed to
be long. This may sound obvious, but how many of us have sold the first
rally in every bull market, saying that the market has moved too far, too
fast. I have before, and I suspect I'll do it again at some point in the
future. Thus, we've not enjoyed the profits that should have accrued to
us for our initial bullish outlook, but have actually lost money while being
short. In a bull market, one can only be long or on the sidelines.
Remember, not having a position is a position.
2. Buy that which is showing strength - sell that which is showing
weakness. The public continues to buy when prices have fallen. The
professional buys because prices have rallied. This difference may not
sound logical, but buying strength works. The rule of survival is not to
"buy low, sell high", but to "buy higher and sell higher". Furthermore,
when comparing various stocks within a group, buy only the strongest
and sell the weakest.
3.When putting on a trade, enter it as if it has the potential to be the
biggest trade of the year. Don't enter a trade until it has been well
thought out, a campaign has been devised for adding to the trade, and
contingency plans set for exiting the trade.
4.On minor corrections against the major trend, add to trades. In bull
markets, add to the trade on minor corrections back into support levels.
In bear markets, add on corrections into resistance. Use the 33-50%
corrections level of the previous movement or the proper moving average
as a first point in which to add.
5.Be patient. If a trade is missed, wait for a correction to occur before
putting the trade on.
6.Be patient. Once a trade is put on, allow it time to develop and give it
time to create the profits you expected.
7.Be patient. The old adage that "you never go broke taking a profit" is
maybe the most worthless piece of advice ever given. Taking small profits
is the surest way to ultimate loss I can think of, for small profits are
never allowed to develop into enormous profits. The real money in
trading is made from the one, two or three large trades that develop
each year. You must develop the ability to patiently stay with winning
trades to allow them to develop into that sort of trade.
8.Be patient. Once a trade is put on, give it time to work; give it time to
insulate itself from random noise; give it time for others to see the merit
of what you saw earlier than they.
9.Be impatient. As always, small losses and quick losses are the best losses.
It is not the loss of money that is important. Rather, it is the mental
capital that is used up when you sit with a losing trade that is important.
10.Never, ever under any condition, add to a losing trade, or "average" into
a position. If you are buying, then each new buy price must be higher
than the previous buy price. If you are selling, then each new selling
price must be lower. This rule is to be adhered to without question.
11.Do more of what is working for you, and less of what's not. Each day,
look at the various positions you are holding, and try to add to the trade
that has the most profit while subtracting from that trade that is either
unprofitable or is showing the smallest profit. This is the basis of the old
adage, "let your profits run."
12.Don't trade until the technicals and the fundamentals both agree. This
rule makes pure technicians cringe. I don't care! I will not trade until I am
sure that the simple technical rules I follow, and my fundamental
analyses, are running in tandem. Then I can act with authority, and with
certainty, and patiently sit tight.
13.When sharp losses in equity are experienced, take time off. Close all
trades and stop trading for several days. The mind can play games with
itself following sharp, quick losses. The urge "to get the money back" is
extreme, and should not be given in to.
14.When trading well, trade somewhat larger. We all experience those
incredible periods of time when all of our trades are profitable. When that
happens, trade aggressively and trade larger. We must make our
proverbial "hay" when the sun does shine.
15.When adding to a trade, add only 1/4 to 1/2 as much as currently held.
That is, if you are holding 400 shares of a stock, at the next point at
which to add, add no more than 100 or 200 shares. That moves the
average price of your holdings less than half of the distance moved, thus
allowing you to sit through 50% corrections without touching your
average price.
16.Think like a guerrilla warrior. We wish to fight on the side of the market
that is winning, not wasting our time and capital on futile efforts to gain
fame by buying the lows or selling the highs of some market movement.
Our duty is to earn profits by fighting alongside the winning forces. If
neither side is winning, then we don't need to fight at all.
17.Markets form their tops in violence; markets form their lows in quiet
conditions.
18.The final 10% of the time of a bull run will usually encompass 50% or
more of the price movement. Thus, the first 50% of the price movement
will take 90% of the time and will require the most backing and filling and
will be far more difficult to trade than the last 50%.
There is no "genius" in these rules. They are common sense and nothing else,
but as Voltaire said, "Common sense is uncommon." Trading is a common-sense
business. When we trade contrary to common sense, we will lose. Perhaps not
always, but enormously and eventually. Trade simply. Avoid complex
methodologies concerning obscure technical systems and trade according to
the major trends only
Learn at your own speed and with a bit of luck their money
Advice
First Bank £1000. I would consider this the absolute minimum to start learning to trade with, if you have not got enough then save up, if you have not got the discipline to save up then forget about trading, its not for you. (2.5 % risk per trade max) Remove excess funds on a weekly basis its good discipline to get into.
Eeeeeeeeeeeeek
!! I have not made anything, better check what’s going on. Advice
No trades in the first hour, at least not till you have traded for 3 months. After that you will no when to break that rule and even then I would say you should wait at least or approaching 30 minutes. You decide after 3 months.
Advice
You have one trade per day.
An Indian who leaves camp with one arrow returns with more game for the pot than an Indian who leaves with many arrows. It is best to wait patiently in a good ambush spot rather than firing many arrows indiscriminately. Learn to shoot straight and you will not require many arrows, less work back at camp making them to.
Another reason, you will only find yourself on the wrong end of a trend day once using rule 2, and once is enough in my opinion for someone just starting out.
The above is more then plenty to trade with in the money in my opinion and that’s tells you plenty, think about it.
The post below is better than all of my combined posts, the last sentence was added a few months later by Split when I asked his opinion or gave him an opinion, I can’t remember which, probably the latter if I had to make a guess
I do however remember the answer so it’s added
Perhaps when I am ready he will give me the next paragraph but until then ……………….thanks
Trend lines, to me, are drawn arbitrarily. I just use them as a sort of "comfort line". If I am on the right side of it I feel fine and have no worries. The rule that they must be drawn across the tops or bottom is, more or less, telling the market what to do. How can you expect that of a price? When the price cuts the trend I look to see if a pattern is forming. If the pattern is continuous, I revert to a trend line, again, almost certainly, the momentum will have changed but if I keep to the right of it in a bear and to the left of it in a bull then I am OK- Whenever it crosses, it is a warning to pay attention to the trade, nothing more.
There is nothing to be learned from trend lines, IMO anyway, except to help keep the ship on course. Go inside it and you are entering into shallow water.
Watch the trend line but remember that deep sea men don't like shallow water. Neither do coastal men like deep water.
BY
Split:smart:
Even Split did"nt write this one, but he was wise enough to no its value so had a post at me one day::smart:
IF you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don't deal in lies,
Or being hated, don't give way to hating,
And yet don't look too good, nor talk too wise:
If you can dream - and not make dreams your master;
If you can think - and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build 'em up with worn-out tools:
If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: 'Hold on!'
If you can talk with crowds and keep your virtue,
' Or walk with Kings - nor lose the common touch,
if neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!
Rudyard Kipling
Again have a real good New Year
I just checked and its about 650 posts I have made, some of them are on real good threads (REAL GOOD THREADS) and may help anyone just starting out or up against it.
Good Luck :clover:
Andy
black bear
Guest
- Messages
- 1,303
- Likes
- 165
Develbis post 650, best to be exact about these things
Have you ever noticed how the market nearly always gives you a better entry and a better exit :idea: how you manage to put your stops with great consistency at the very spot that turns out to be the last market low or high, then goes off and makes a monkey out of you :idea: or worse if you get into the position where you failed to activate a Stop you eventually closed to within a point of the true low or high of the day.
What were you thinking what were you doing:idea:
Stop sulking the markets trying to talk to you personally have FUN :clap::clap:
The Market makes many Highs and many Lows in a day, but only one true High and one True Low
Develbis = A quality spraygun you can use for life.
All trade well and have a good New Year and a great 2008 :clover:
Andy
Have you ever noticed how the market nearly always gives you a better entry and a better exit :idea: how you manage to put your stops with great consistency at the very spot that turns out to be the last market low or high, then goes off and makes a monkey out of you :idea: or worse if you get into the position where you failed to activate a Stop you eventually closed to within a point of the true low or high of the day.
What were you thinking what were you doing
:idea:Stop sulking
the markets trying to talk to you personally have FUN :clap::clap: The Market makes many Highs and many Lows in a day, but only one true High and one True Low
Develbis = A quality spraygun you can use for life.
All trade well and have a good New Year and a great 2008 :clover:
Andy
black bear
Guest
- Messages
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- 165
This Guys got no disipline, he just had to go
This develbis Guy as got no disipline
Posts 662 ? not 650
My new AKA is Pinkpig, I hope the mods allow the change, I have registered using my other halfs e-mail address to evade the sweep on the e-mail search for multiple accounts. If they would like to correct this or allow me to then PM me please and I will amend in options to correct e-mail address.
Devilbiss JGA-545
Just read that off the side of a tool I have used for the last 25 years
So thats the correct spelling, well never effected the job.
Split you posted on another thread that I am looking for the Holy Grail, that could not be further from the truth, I see my method regardless of what rubbish is on the chart or even if there is no chart, a manual 5 pt P&F chart will do the job, infact if it was not for the squinting I prefer it.
The fact is I just post to much and I am or allow myself to be distracted all to easy, I no this is the reason because all my teachers at school said so every year in their reports ~
"Andy is an able student but he must not allow himself to be so easily distracted or his work will suffer."
I pm"d you Split and you sent me an answer that read "you might go 1 or 2 days but 3 days without posting no way"
You were right I new you were right and 12 posts to many by develbis proved you were right ( I intended post 650 to be the last post )
Disipline = I am suspect in this department and I would thank you again Split for taking me by the ears and instructing me to my face. This one will require all my energy, so not much if any time for posting and thread reading etc.
I have given it plenty of thought and I am a bit
I never have had any discipline and my lack of discipline is the reason I am who I am, with the woman I love, have a son, have a house, have a good life in NQ the list goes on. O ye and I always have to learn things the hard way and usually more than once.
Conclusion:
Where I want to go next = I require absolute disipline and I want to go there so I will learn it and go.
Devilbiss JGA-545 is a quality spray gun I bought when I was 17 years old, its out of date today (HVLP paint) but if I adjust the mix of the paint by eye alone it still works as good as the day I bought it.
I closed the account develbis because he as moved on to DA from the world of SB trading. He still as a lot to learn and it best that he start over again from scratch regards is trading and rep points etc.
Pinkpig = A traditional kids piggy bank that I had when I was young, I had the discipline to fill it up many times over (odd job money etc) so perhaps ............ we will see
If I can not see my entry as clear as I can see a Pinkpig in a field it is not worth taking IMO, I will pass
Paul my new pm box is open if mods allow account, sorry for causing you to re-write answer if you decide to pm answer to question that is, but would be much appreciated.
My brand new rules 2008 (thanks Tim for template) allow use of T2W 2 hours per week and 5 posts within that time/ none from 7am-2pm week days) this post covers last weeks quota
All gone well so far with the move to DA, paper traded before Crimbo and real ones since the New Year (scalps to small plays only). Covered Platform fees etc for next couple of months, so created some free time to make some required adjustments to method.
An observation a thought that may have gone un- noticed by others to who are still using SB firms for trading the market
While getting used to platform and new view of the market it really came home to me last week (real money) what was going on, sounds daft but ~
I always no judged location of index in 3 timeframes / swing and S&R levels etc and just look for my entries within my rules.
watching the contracts wizz past at the levels, looking for my usual entries etc, I do not do much in the 1st hour usually but market was at my level so I was watching close, I got my little scalpy entry set up I follow and took it, it as always served me well so no reason to question it or check it out further. I took usual quick 5 pts.
then ~
The index just sort of traded down(in the direction of scalp) in that real slow way it does sometimes with no up bars at all right to the PDC.
It just dawned on me right then and there ~ WOW !
No one was interested in buying at that level, why should they the area was rejected as to expensive the day before
Never really thought of it that way, I thought I did, but those real contracts some how made it more real
Good look with your set up Lightning / Don, sounds like you have worked real hard on method etc hope your live run goes well.
Barclays do a demo account to, no charts but keeps score for you if you or anyone else interested. (you will get phoned up by a Barclays chappee to find out if you want a real one, but they don"t follow up/I had no problems anyway using them in the early days along with IG charts live account)
Will check pm box later Mods and see if new account and name change ok
Appreciate all thoughts, ideas pm answers etc that I have received by so many during my time at T2W, Thanks
Hope I have given a bit back as develbis and hope I can give a bit more back later as the Pinkpig
All trade well,:clover:
Have you ever noticed how the market nearly always gives you a better entry and a better exit :idea: how you manage to put your stops with great consistency at the very spot that turns out to be the last market low or high, then goes off and makes a monkey out of you :idea: or worse if you get into the position where you failed to activate a Stop you eventually closed to within a point of the true low or high of the day.
What were you thinking what were you doing
Stop sulking
The Market makes many Highs and many Lows in a day, but only one true High and one True Low
Develbis = A quality spraygun you can use for life.
All trade well and have a good New Year and a great 2008 :clover:
Andy
This develbis Guy as got no disipline
Posts 662 ? not 650
My new AKA is Pinkpig, I hope the mods allow the change, I have registered using my other halfs e-mail address to evade the sweep on the e-mail search for multiple accounts. If they would like to correct this or allow me to then PM me please and I will amend in options to correct e-mail address.
Devilbiss JGA-545
Just read that off the side of a tool I have used for the last 25 years
So thats the correct spelling
, well never effected the job. Split you posted on another thread that I am looking for the Holy Grail, that could not be further from the truth, I see my method regardless of what rubbish is on the chart or even if there is no chart, a manual 5 pt P&F chart will do the job, infact if it was not for the squinting I prefer it.
The fact is I just post to much and I am or allow myself to be distracted all to easy, I no this is the reason because all my teachers at school said so every year in their reports ~
"Andy is an able student but he must not allow himself to be so easily distracted or his work will suffer."
I pm"d you Split and you sent me an answer that read "you might go 1 or 2 days but 3 days without posting
no way"You were right I new you were right and 12 posts to many by develbis proved you were right ( I intended post 650 to be the last post )
Disipline = I am suspect in this department and I would thank you again Split for taking me by the ears and instructing me to my face. This one will require all my energy, so not much if any time for posting and thread reading etc.
I have given it plenty of thought and I am a bit
I never have had any discipline and my lack of discipline is the reason I am who I am, with the woman I love, have a son, have a house, have a good life in NQ the list goes on. O ye and I always have to learn things the hard way and usually more than once.
Conclusion:
Where I want to go next = I require absolute disipline and I want to go there so I will learn it and go.
Devilbiss JGA-545 is a quality spray gun I bought when I was 17 years old, its out of date today (HVLP paint) but if I adjust the mix of the paint by eye alone it still works as good as the day I bought it.
I closed the account develbis because he as moved on to DA from the world of SB trading. He still as a lot to learn and it best that he start over again from scratch regards is trading and rep points etc.
Pinkpig = A traditional kids piggy bank that I had when I was young, I had the discipline to fill it up many times over (odd job money etc) so perhaps ............ we will see
If I can not see my entry as clear as I can see a Pinkpig in a field it is not worth taking IMO, I will pass
Paul my new pm box is open if mods allow account, sorry for causing you to re-write answer if you decide to pm answer to question that is, but would be much appreciated.
My brand new rules 2008 (thanks Tim for template
) allow use of T2W 2 hours per week and 5 posts within that time/ none from 7am-2pm week days) this post covers last weeks quota All gone well so far with the move to DA, paper traded before Crimbo and real ones since the New Year (scalps to small plays only). Covered Platform fees etc for next couple of months, so created some free time to make some required adjustments to method.
An observation a thought that may have gone un- noticed by others to who are still using SB firms for trading the market
While getting used to platform and new view of the market it really came home to me last week (real money) what was going on, sounds daft but ~
I always no judged location of index in 3 timeframes / swing and S&R levels etc and just look for my entries within my rules.
watching the contracts wizz past at the levels, looking for my usual entries etc, I do not do much in the 1st hour usually but market was at my level so I was watching close, I got my little scalpy entry set up I follow and took it, it as always served me well so no reason to question it or check it out further. I took usual quick 5 pts.
then ~
The index just sort of traded down(in the direction of scalp) in that real slow way it does sometimes with no up bars at all right to the PDC.
It just dawned on me right then and there ~ WOW !
No one was interested in buying at that level, why should they the area was rejected as to expensive the day before
Never really thought of it that way, I thought I did, but those real contracts some how made it more real
Good look with your set up Lightning / Don, sounds like you have worked real hard on method etc hope your live run goes well.
Barclays do a demo account to, no charts but keeps score for you if you or anyone else interested. (you will get phoned up by a Barclays chappee to find out if you want a real one, but they don"t follow up/I had no problems anyway using them in the early days along with IG charts live account)
Will check pm box later Mods and see if new account and name change ok
Appreciate all thoughts, ideas pm answers etc that I have received by so many during my time at T2W, Thanks
Hope I have given a bit back as develbis and hope I can give a bit more back later as the Pinkpig
All trade well,:clover:
black bear
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Hi Split
Hope your feeling better
as they say down here in nq
Whatever
you better not, you"ll only attract the keen eye of the buddist
Lightning McQueen
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Well, I for one am ok with it all, welcome back Andy :clap:
You could have just asked and they would have changed your nick, but I understand a clean start if thats what you want, you do realise that the other one will have to be suspended so you have no access, or you can have the accounts merged. Let me know what you want to do and I'll sort it.
You could have just asked and they would have changed your nick, but I understand a clean start if thats what you want, you do realise that the other one will have to be suspended so you have no access, or you can have the accounts merged. Let me know what you want to do and I'll sort it.
firewalker99
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Hi Split
Hope your feeling better
as they say down here in nq
Whatever
Hi there, welcome back Pinky. You do realize that we're not going to give you all those reputation points again :cheesy:
black bear
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Survived
FW
Get out of it man
Couple of good posts and Ill be back on top :clap:
Well another week down and still standing.(traded every day = scalps in line with trend/3 min timeframe)
Scalped all week, perhaps not the best tactics for market conditions:whistling
Done pretty good (only one loser) have aquired over 6 months platform fees :cheesy::clap: = complete free look at the real market and plenty of time to make adjustments to my other trade method and paper trade it at their expense.
Big plan /usual method is still undergoing required adjustments, which will be complete in time for the delayed 3-5 day up move into the jaws of death by all the major indexs IMO.
Thanks to all those who posted on LM thread regards Stops, very much appreciated, have always been torn with the pros and cons to both methods
Conclusion Hard stops and proper entries only
Reason, Real market is Real and the price is where it says it is, unlike the SB world where IMO it is not always there! errrrrrrrrrrrrrr spikes for want of a better word in the low time frames :cheesy: (oh look another dozon stops just a couple of ticks away
Next week, not much trading because required to fill in someones double entry book who does not have ANY discipline (BOSS) and as left it all to the last week= mucho plenty hours
Been a good lad no posts during day/ kept my head down this week (did have a sneeky peek or two, but only quick when I was flat)
That must be worth one rep pt at least FW :?:
I have nt got a single pt yet
All the best to everyone, hope you all catching plenty of pts:clover:
Hi there, welcome back Pinky. You do realize that we're not going to give you all those reputation points again :cheesy:
FW
Get out of it man
Couple of good posts and Ill be back on top :clap:
Well another week down and still standing.(traded every day = scalps in line with trend/3 min timeframe)
Scalped all week,
perhaps not the best tactics for market conditions:whistling Done pretty good (only one loser) have aquired over 6 months platform fees :cheesy::clap: = complete free look at the real market and plenty of time to make adjustments to my other trade method and paper trade it at their expense.
Big plan /usual method is still undergoing required adjustments, which will be complete in time for the delayed 3-5 day up move into the jaws of death by all the major indexs IMO.
Thanks to all those who posted on LM thread regards Stops, very much appreciated, have always been torn with the pros and cons to both methods
Conclusion Hard stops and proper entries only
Reason, Real market is Real and the price is where it says it is, unlike the SB world where IMO it is not always there! errrrrrrrrrrrrrr spikes for want of a better word in the low time frames :cheesy: (oh look another dozon stops just a couple of ticks away
Next week, not much trading because required to fill in someones double entry book who does not have ANY discipline (BOSS) and as left it all to the last week= mucho plenty hours
Been a good lad no posts during day/ kept my head down this week (did have a sneeky peek or two, but only quick when I was flat)
That must be worth one rep pt at least FW :?:
I have nt got a single pt yet
All the best to everyone, hope you all catching plenty of pts:clover:
black bear
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Pinkpig Setup
Pinkpig Setup
It will have a Hard Stop 25 pts :cheesy:
If your lookin ..........................
Give us a rep pt, when I am back where I was I will pop the rest of the set up down for you.
Pinkpig Setup
It will have a Hard Stop 25 pts :cheesy:
If your lookin ..........................
Give us a rep pt, when I am back where I was I will pop the rest of the set up down for you.
black bear
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The Pink Pig
Hi Split
Well lets get started
You gave the only rep pt
PinkPIG Setup
1. There are no rules that are fixed just guidlines and good practice, you only no if your rules are good with the benefit of hindsight anyway.
2. There is no trend, its an untruth, well not in the timeframe you trade anyway
3a. Hard stops are for Black Swans or user errors YOU
b. Soft stops are your hard stops in a trade (see a)
c. Hard stops are a max of 2.5% of your bank
4 Indicators indicate nothing, well go on then, very little that you cannot see with your eye anyway, may confirm a few things
5 You do buy low and sell high(and vice versa), you have to if you want to profit.
6 If you do buy high to sell higher, the next timeframe up (your holder, the one you trade) must be lowish to capture the bit in the middle or your F..cked
7 Bog standard S&R works fine = an old fashioned rule and a pencil
8 The link below is a T2W article, someonecommented that this guy only ever goes on about this subject don"t no why
When you get a minute check out your own methods entries and exits with his
The Good uns
You to Barjon (1st cont of trend)
T2W Day Trading & Forex Community
A Pink Pig Setup jumps right out in front of you
Split :?: remember the no brainer day last August, Northern Rock day.
PINKPIG = yours
The reason =
Sum of what you new (experience from a life lived = trained instinct) indicated to you the correct course of action to take that day, No ifs No buts, No maybeeee"s. If an indicator or anything else had indicated an other course of action you would have known to reject it because it was obviously wrong and you were right :clap:
Thats not Luck, you were not Lucky, You acted with Authority Split
(SELL) and you executed on the high tick (within 10) trade moved or confirmed your assessment was correct and you limited the risk to the downside by use of an hard stop over the high (you were going out if I remember correct) :smart: well done Split
I no it was not Luck because some years earlier you made a huge choice from an Hospital bed did"nt you :?: Pound or Mark and acted then with a skilled traders authority.
do it again and again and again = Splits PINKPIG
mine, get out of it, no ones going to give their own PINKPIG away over the internet
Again sorry for any offence the other day LW, keep at it, the 4th Key is just around the corner, thats of course if you need one
Thanks Split for all your pms and posts You are the real PINKPIG me arrrrrrrrrrrrrrr I am still a little runt, but all this good food is helping me grow.
Good luck in your trading if your not at Splits level yet :clover:
Go get yourself a PINKPIG
Pinkpig Setup
It will have a Hard Stop 25 pts :cheesy:
If your lookin ..........................
Give us a rep pt, when I am back where I was I will pop the rest of the set up down for you.
Hi Split
Well lets get started
You gave the only rep pt
PinkPIG Setup
1. There are no rules that are fixed just guidlines and good practice, you only no if your rules are good with the benefit of hindsight anyway.
2. There is no trend, its an untruth, well not in the timeframe you trade anyway
3a. Hard stops are for Black Swans or user errors YOU
b. Soft stops are your hard stops in a trade (see a)
c. Hard stops are a max of 2.5% of your bank
4 Indicators indicate nothing, well go on then, very little that you cannot see with your eye anyway, may confirm a few things
5 You do buy low and sell high(and vice versa), you have to if you want to profit.
6 If you do buy high to sell higher, the next timeframe up (your holder, the one you trade) must be lowish to capture the bit in the middle or your F..cked
7 Bog standard S&R works fine = an old fashioned rule and a pencil
8 The link below is a T2W article, someone
commented that this guy only ever goes on about this subject don"t no whyWhen you get a minute check out your own methods entries and exits with his
The Good uns
You to Barjon (1st cont of trend)
T2W Day Trading & Forex Community
A Pink Pig Setup jumps right out in front of you
Split :?: remember the no brainer day last August, Northern Rock day.
PINKPIG = yours
The reason =
Sum of what you new (experience from a life lived = trained instinct) indicated to you the correct course of action to take that day, No ifs No buts, No maybeeee"s. If an indicator or anything else had indicated an other course of action you would have known to reject it because it was obviously wrong and you were right :clap:
Thats not Luck, you were not Lucky, You acted with Authority Split
(SELL) and you executed on the high tick (within 10) trade moved or confirmed your assessment was correct and you limited the risk to the downside by use of an hard stop over the high (you were going out if I remember correct) :smart: well done Split
I no it was not Luck because some years earlier you made a huge choice from an Hospital bed did"nt you :?: Pound or Mark and acted then with a skilled traders authority.
do it again and again and again = Splits PINKPIG
mine, get out of it, no ones going to give their own PINKPIG away over the internet
Again sorry for any offence the other day LW, keep at it, the 4th Key is just around the corner, thats of course if you need one
Thanks Split for all your pms and posts
You are the real PINKPIG me arrrrrrrrrrrrrrr I am still a little runt, but all this good food is helping me grow.Good luck in your trading if your not at Splits level yet :clover:
Go get yourself a PINKPIG
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Last edited:
Hi Split
Well lets get started
You gave the only rep pt
PinkPIG Setup
1. There are no rules that are fixed just guidlines and good practice, you only no if your rules are good with the benefit of hindsight anyway.
2. There is no trend, its an untruth, well not in the timeframe you trade anyway
3a. Hard stops are for Black Swans or user errors YOU
b. Soft stops are your hard stops in a trade (see a)
c. Hard stops are a max of 2.5% of your bank
4 Indicators indicate nothing, well go on then, very little that you cannot see with your eye anyway, may confirm a few things
5 You do buy low and sell high(and vice versa), you have to if you want to profit.
6 If you do buy high to sell higher, the next timeframe up (your holder, the one you trade) must be lowish to capture the bit in the middle or your F..cked
7 Bog standard S&R works fine = an old fashioned rule and a pencil
8 The link below is a T2W article, someone
When you get a minute check out your own methods entries and exits with his
The Good uns
You to Barjon (1st cont of trend)
T2W Day Trading & Forex Community
A Pink Pig Setup jumps right out in front of you
Split :?: remember the no brainer day last August, Northern Rock day.
PINKPIG = yours
The reason =
Sum of what you new (experience from a life lived = trained instinct) indicated to you the correct course of action to take that day, No ifs No buts, No maybeeee"s. If an indicator or anything else had indicated an other course of action you would have known to reject it because it was obviously wrong and you were right :clap:
Thats not Luck, you were not Lucky, You acted with Authority Split
(SELL) and you executed on the high tick (within 10) trade moved or confirmed your assessment was correct and you limited the risk to the downside by use of an hard stop over the high (you were going out if I remember correct) :smart: well done Split
I no it was not Luck because some years earlier you made a huge choice from an Hospital bed did"nt you :?: Pound or Mark and acted then with a skilled traders authority.
do it again and again and again = Splits PINKPIG
mine, get out of it, no ones going to give their own PINKPIG away over the internet
Again sorry for any offence the other day LW, keep at it, the 4th Key is just around the corner, thats of course if you need one
Thanks Split for all your pms and posts
Good luck in your trading if your not at Splits level yet :clover:
Go get yourself a PINKPIG
I think your references to me on this thread are very exaggerated, to be honest. I don't appreciate being painted as something I'm not. Others will make their own opinions of me so, come on Andy, leave my ability references out of it.
As far as Northern Rock is concerned. On the first day of the crisis I don't think that I was the only one on here who thought that the index would go down that day.
As far as GBP was concerned, in 1992, I was in a fortunate position in
1. Having a large sum of money in a Money Market Fund in which I was able to change to 17 different currencies by picking up the phone.
2. Lying on a bed and listening to the panic cries from the BBC, in which John Major and Lawson shouted their determination to spend as much gold as necessary in defending the currency.
When I decided that there weren't enough assets to keep the pound in the European Snake, I asked myself "What am I doing in GBP, when by picking up the phone, I could be in Dm's?
I'd like to point out that I made no money that day. What was important was that I did not lose any.
A lot of people had money tied up in shares or had no quick way of switching currencies or were,, simply, at work while it was all going on.
I was lucky and took advantage of it, but George Soros had a better day!
I will, always, remember that calm voice of a female dealer who quoted me the exchange rate, still within the snake, and probably oblivious to the panic building up outside her dealing room.
I changed two hours before the pound crashed. How lucky can you get?
Split
black bear
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OK, sure, no problemo Split
Hi Split
Sorry for making a fuss, I was not intending to paint you as anything SPLIT
Its not Luck- theres probably no such thing as luck, and if there is you can"t depend on it. All you can do is play the percentages, play your best game, and when that critical bet comes-in every money game there is always a critical bet-you hold your stomach tight and push hard. Thats the clutch. And thats where your born loser loses.
Bert
In Walter Trevis
The Hustler (1959)
You acted with authority IMO, and you acted in the moment and it was nothing to you because your experience made it nothing Split. Far to modest IMO :smart:
Will not make a fuss again
Just like its nothing to me to restore a classic car to a better condition than the day it was made.
easy peeezy, no problemo, do it in my sleep.
Timeserved
Good by Split, thanks and good luck :clover:
The Doors Open..........................must dash
Hi Split
Sorry for making a fuss, I was not intending to paint you as anything SPLIT
Its not Luck- theres probably no such thing as luck, and if there is you can"t depend on it. All you can do is play the percentages, play your best game, and when that critical bet comes-in every money game there is always a critical bet-you hold your stomach tight and push hard. Thats the clutch. And thats where your born loser loses.
Bert
In Walter Trevis
The Hustler (1959)
You acted with authority IMO, and you acted in the moment and it was nothing to you because your experience made it nothing Split. Far to modest IMO :smart:
Will not make a fuss again
Just like its nothing to me to restore a classic car to a better condition than the day it was made.
easy peeezy, no problemo, do it in my sleep.
Timeserved
Good by Split, thanks and good luck :clover:
The Doors Open..........................must dash
black bear
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1st month over, ..........glad thats out of the way
Well thats my 1st month over at the real market
felt better by the 20th Jan, up till then a bit twitchy
took a couple early in the month with my what had become my usual method.
Not to happy = requires adjustments, I am sat the wrong side now and I do not like that at all,
Just not been used to it for so long. all turned out ok and no damage done but not happy, I now how it used to play out and its just a touch off = Work in progress and making some so thanks VSA trader/db and FW for vol info posted errrrr everyware = its helping. Slowly :whistling
volatility is good if your bank can cope with the wide stops, mines not so just have to watch and dream for the time being and hope the turkey wind grabs one of my scalps and sends it off down hill faster than I can close out
Re-verted to old scalper method for the rest of the month, only look for one or two a day.
Its worked out at ~
25 total trades, a few days = none, one day I think 4
21 wins
4 lose
SR 84/16%
av win 8.23 pts
av lose 7.50 pts
Coms paid on trades put the av win 1.5 pt behind av win but achieved usual high strike rate so very happy with 1st month.
All I have to do now is move entries across to old usual methodand I should be ok arrrrrrrrrr I"ll think about it over the wk end
Anybody good with numbers, tell me what above means, I just record result then move onto the next trade(daft painter), what does everybody else do with them :?:
BSD ~your the boy for this, get over here, I now your not doing anything because your a swing trader and that does not involve doing anything :smart:
I will spend a month thinking, and it might not be right then
Thanks for all the posted info on all the threads by everyone,
taken me almost 2 yrs to get this far............
maybe I can go a little further
Well thats my 1st month over at the real market
felt better by the 20th Jan, up till then a bit twitchy
took a couple early in the month with my what had become my usual method.
Not to happy = requires adjustments, I am sat the wrong side now and I do not like that at all,
Just not been used to it for so long. all turned out ok and no damage done but not happy, I now how it used to play out and its just a touch off = Work in progress and making some so
thanks VSA trader/db and FW for vol info posted errrrr everyware = its helping. Slowly :whistlingvolatility is good if your bank can cope with the wide stops, mines not so just have to watch and dream for the time being and hope the turkey wind grabs one of my scalps and sends it off down hill faster than I can close out
Re-verted to old scalper method for the rest of the month, only look for one or two a day.
Its worked out at ~
25 total trades, a few days = none, one day I think 4
21 wins
4 lose
SR 84/16%
av win 8.23 pts
av lose 7.50 pts
Coms paid on trades put the av win 1.5 pt behind av win but achieved usual high strike rate so very happy with 1st month.
All I have to do now is move entries across to old usual method
and I should be ok arrrrrrrrrr I"ll think about it over the wk end Anybody good with numbers, tell me what above means, I just record result then move onto the next trade(daft painter), what does everybody else do with them :?:
BSD ~your the boy for this, get over here, I now your not doing anything because your a swing trader and that does not involve doing anything :smart:
I will spend a month thinking, and it might not be right then
Thanks for all the posted info on all the threads by everyone,
taken me almost 2 yrs to get this far............
maybe I can go a little further
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black bear
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Download centre
Lol
just looking to see how many chart downloads there were to see if any demand for them in attachments
all the chart downloads put together dont touch the most popular
so once again for anybody who"s missed their copy
Pinkpigs gone to the moon
Lol
just looking to see how many chart downloads there were to see if any demand for them in attachments
all the chart downloads put together dont touch the most popular
so once again for anybody who"s missed their copy
Pinkpigs gone to the moon
Attachments
- Status
