my journal

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Yeah, definitely a good place to apply for a relaxing job. It's like being on vacation there, or rather it's like being in jail, since you can't do anything and cannot leave. I worked at the registry office for two years. Only two hours of work a day, because there really was nothing to do there. So I started to study excel on my own, and here I am: the excel whiz. No wonder: when they keep you in a room for two years with nothing else to do... I read about a thousand pages of Walkenbach's manuals.
 
http://en.wikipedia.org/wiki/Another_Day_(Paul_McCartney_song)
http://en.wikipedia.org/wiki/50_first_dates
http://www.letmewatchthis.com/watch-1498-50-First-Dates

Ev'ry day she
takes a morning
bath
She wets her hair
wraps a tow'l around her
As she's heading
for the bedroom
chair.
It's just another day.
Slipping into stockings
stepping into shoes


Dipping in the
pocket of her
raincoat
(Last only) Ah
it's just another day.

At the office
where the papers
grow
She takes a
break drinls
another coffee
And she finds
it hard to stay
awake
It's just another day.

Du
du
du
du
du
It's just another day.
Du
du
du
du
du
It's just another day
So sad
so sad
Sometimes she feels.
So sad
alone in her apartment
She'd dwell.
Till the man of
her dreams
Comes to break
the spell.
Ah
stay
don't stand around
And he comes
and he stays
But he leaves
the next day.
Sometimes she feels
So sad
so sad.


http://www.youtube.com/user/bassowman

As she posts
another letter
To the sound of five.
People gather round her
And she finds
it hard to stay
alive.
It's just another day.

Du
du
du ...
 
Back at work. Ok, today the most important thing is this: no arguments, no personal comments in emails, and, most of all, no shooting rampages.
 

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Damn. It's going ok, but now I'm realizing why I complain so much. I do all the work and they keep rushing me. It's inevitable to flip out and to start complaining.

Well, I guess it's an incentive... to make money and get out of here as quickly as possible.
 
More on Opening Gap Systems

Ok. Resuming work on the Opening Gap systems, from where I left it last weekend.

I've gotten up early as I've been doing lately, and have been rechecking all systems with the new method that avoids CloseD problems (see earlier posts). So far I've found that the ZN with the new method doesn't work reliably. So I discarded it as Opening Gap System. The GBL nonetheless is still totally valid. I'm now testing the CL which is not working as well, and it seems that I am about to discard that as well. Yes, discarded.

What's left now is Forex futures which I still have to test. The ES-YM, which I have to check, and the GBL which is valid as tested last weekend because the CloseD easylanguage problem doesn't affect it, as its last price is at 22.00 CET, since it's not a "continuous" future.

Now checking ES-YM, which performed so well that I don't expect them to lose all their edge despite the faulty testing used last weekend.

No ****... it's doing even better.

All right: the GBL and the ES are perfect. Now let's see the YM.

Ok, even the YM works better with the same exact formula as last week (which was optimized with the CloseD faulty testing). This is awesome.

It's awesome because I thought the gap filter would have to be tweaked and increased to allow only larger gaps since now the open is matched against an earlier CloseD (I am limiting the hours with the "format symbol - settings - universe" menus), and gaps tend to be larger. This in turn causes more trades with the "minimum gap" requirement being fixed. But the great thing is that the more trades just cause more profit, following the same profit ratio and other ratios, and not increasing the size of losses. So this advises me to keep all parameters just as they were, and it also says that the CloseD problem was not a big problem, just like I thought. However the CL and the ZN were discarded as a result of this new testing, so it did make a difference.

Ok. Done with YM as well. I've actually reduced the gap requirement filter, allowing even more trades. The profitability of the average trade gets lower as I allow more trades, but still I can't afford to throw away good profits just because the extra trades are not as profitable as those allowed by a tighter requirement.

Ok. Now let's look at forex futures, even though I am not very hopeful, as I've seen that the Opening Gap system works better on non-continuous markets, such as Stock indexes and GBL, whereas it doesn't do as well on typically continuous markets. I use these terms loosely, because almost all futures are continuous, but the difference on the ES and YM is that there's great stress on the Close and the Open: traders care about those prices, despite the fact that the future is continous, whereas on the EUR and such nobody really places much importance on where it opens at RTH and similar. I am too ignorant to explain it properly but I am sure I will understand myself when I'll read it in the future.

Anyway, let's test these forex futures: I am not hopeful but if the system works, I am ready to use it even if I don't understand why it works.

Ok. The EUR doesn't have a precise opening gap edge, but I came up with a derived system which is a good one (actually it makes more money than the opening gap systems), so I can't just throw it away because it's not exactly based on the opening gap: it is based on it and more. And this will require more work. That is why I have realized a while ago that I can't just get everything done in one day as I used to. Now these systems are endeavours that last a month. Usually I don't like to end the day without having finished a task, but I've accepted it.
 
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Ok, after more hours of testing, it turned out that the EUR is awesome but it's not at all an Opening Gap system: it is an overstretched system, counting on oversold conditions.
 
Ok. Done with testing EUR and GBP: working perfectly (both "overstretched"). One more left, the JPY, and I'll have tested 6 more profitable systems, bringing my total to 43. Then I'll have to implement them, and that will likely take me a whole weekend.

Now some more music.


http://en.wikipedia.org/wiki/The_Old_Fashioned_Way_(song)
http://en.wikipedia.org/wiki/And_Then_There_Were_None_(1974_film)
http://en.wikipedia.org/wiki/Peter_Collinson_(film_director)
http://en.wikipedia.org/wiki/The_Italian_Job
http://www.letmewatchthis.com/watch-3314-The-Italian-Job-1969
 
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Ok, done with all testing. The JPY does work but - due to costs (I am subtracting 2 ticks per trade) - it's not profitable enough to be worth trading. Now I'll need another weekend to implement all systems that do work.

Another important thought tonight: capital. Lacking capital. Why am I lacking capital to trade the systems I have? Now I am around 10k. I was as high as 30k a while ago. Well, why then? How can I be so good if I am still stuck with no money after all these years? The answer is I am not good. Not good enough to see my capital grow. Mostly because of discretionary trading, but also due to poor money management, letting risky systems trade despite not being able to withstand their drawdown.

It's best that nobody gives me capital and it's best that I do not ask either. I don't want to owe anybody anything. I want to remain free and without debts. And also I need to pay for my mistakes. I need to learn the value of capital. Capital doesn't grow on trees, doesn't rain from the sky, and capital does come in great amounts from the markets, but also goes back to them because of drawdown. I need to learn to be responsible with capital unless I want to spend the rest of my life working as an employee at that bank.
 
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