DashRiprock
Experienced member
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Hi DT
About what you said about "reversal vs trend trade" - well, I have tried my methods including the DOM on equity futures and I just can't get it to work. Through my eyes, stock index futures are too much chop for not enough trend!
I also looked at my "red light - amber light" strategy for currencies, but the action I think is too spikey - they (fx) can trend better that stocks, but they are still too messy in my opinion.
I don't know why, but most people on forums either trade FX or indexes. Sometimes gold and oil. I think it's a shame that more people dont trade bonds or interest rates (although it would be expensive if you couldn't trade the futures because of the spread).
Another thing about t-notes is that they don;t tend to move around as much. They have never moved around as much as the Bund (german 10 year future) but right now the Bund, to me, looks more like the footsie. It's all over the place!
Unlike you I don't have multiple targets or scaling out. T-notes are deep enough to do 500 lots without anyone caring, and when I get there that will be plenty enough for me hahahah!! No seriously, I get a trade on and take it all off. I don't know if you saw, but my stops are only there in case world war three breaks out or something. I try to be long when my strategy tells me to, short when my strategy tells me too, and flat at all other times. as the saying goes, "you can't be half pregnant!". Everyone says "move your stop to break even"or "cover losses to make it a free trade" but to me I like to have as fewer decisions to make as possible. That way I am less likeley to **** it up! Like we used to say on the rugby team "Get in, get out, quit f*****g about!".
also unlike you i don't write my journal on a computer. I talked about this on another thread, my journal isn;t really about me talking through each and every trade - there just isn't enough time. I dont re-read it, thats not the way I use it. I write my journal in good old fashioned pen and paper (well, a notebook). The thing I like about writing in pen and paper is that you can write really hard and underline and cross out and draw pictures and stuff. I mean, get it onto the paper and out of your mind, right?
last thing - I would also agree that you are an amateur trader
cheesy. Of all the trades that were posted here today, only four were posted before the result was known. I think my trade deserves special recognition because I delivered it in a flow chart fashion - This is what I am going to do... I've done that - this is what I'm going to do next... OK done that - the trade is closed.
Yes, your trade was a good one. But how do we know you didn't make the opposite trade as well and only post the good one? It was a good trade, but not as good as mine!
P.S. I am playing devils advocate here, but actually I'm in it for the Kindle. Seems to me that since I posted my trade, everyone else has been playing "pimp my trade" with more screenshots, football games, videos and whatnot. I'm only allowed the one entry so I have to defend it somehow. Compared to others it was boring, but simplicity is beautiful once you can appreciate it
About what you said about "reversal vs trend trade" - well, I have tried my methods including the DOM on equity futures and I just can't get it to work. Through my eyes, stock index futures are too much chop for not enough trend!
I also looked at my "red light - amber light" strategy for currencies, but the action I think is too spikey - they (fx) can trend better that stocks, but they are still too messy in my opinion.
I don't know why, but most people on forums either trade FX or indexes. Sometimes gold and oil. I think it's a shame that more people dont trade bonds or interest rates (although it would be expensive if you couldn't trade the futures because of the spread).
Another thing about t-notes is that they don;t tend to move around as much. They have never moved around as much as the Bund (german 10 year future) but right now the Bund, to me, looks more like the footsie. It's all over the place!
Unlike you I don't have multiple targets or scaling out. T-notes are deep enough to do 500 lots without anyone caring, and when I get there that will be plenty enough for me hahahah!! No seriously, I get a trade on and take it all off. I don't know if you saw, but my stops are only there in case world war three breaks out or something. I try to be long when my strategy tells me to, short when my strategy tells me too, and flat at all other times. as the saying goes, "you can't be half pregnant!". Everyone says "move your stop to break even"or "cover losses to make it a free trade" but to me I like to have as fewer decisions to make as possible. That way I am less likeley to **** it up! Like we used to say on the rugby team "Get in, get out, quit f*****g about!".
also unlike you i don't write my journal on a computer. I talked about this on another thread, my journal isn;t really about me talking through each and every trade - there just isn't enough time. I dont re-read it, thats not the way I use it. I write my journal in good old fashioned pen and paper (well, a notebook). The thing I like about writing in pen and paper is that you can write really hard and underline and cross out and draw pictures and stuff. I mean, get it onto the paper and out of your mind, right?
last thing - I would also agree that you are an amateur trader
cheesy. Of all the trades that were posted here today, only four were posted before the result was known. I think my trade deserves special recognition because I delivered it in a flow chart fashion - This is what I am going to do... I've done that - this is what I'm going to do next... OK done that - the trade is closed. Yes, your trade was a good one. But how do we know you didn't make the opposite trade as well and only post the good one? It was a good trade, but not as good as mine!
P.S. I am playing devils advocate here, but actually I'm in it for the Kindle. Seems to me that since I posted my trade, everyone else has been playing "pimp my trade" with more screenshots, football games, videos and whatnot. I'm only allowed the one entry so I have to defend it somehow. Compared to others it was boring, but simplicity is beautiful once you can appreciate it
