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- kiwi_trader replied May 5, 2010
Lee, Clay may have a different opinion but I'd like to share mine and give you some reasoning for it. First, just trade the times that Clay gave you and go play with the family or otherwise relax during the "off times." Why? 1. Trading takes a fair ...
The Dance
- kiwi_trader replied Apr 28, 2010
Good post Feb. And some excellent threads started and seed sown. All the best with your future.
The System III (Oh no!)
- kiwi_trader replied Apr 24, 2010
Explanation of Nanningbob's Philosophy — In the first post reference is made to an article that is no longer easily available that explains the basis for Nanningbob's philosophy. I found a copy of it in ProbaBill's S&R thread so after ...
Nanningbob 60x90 EA
- kiwi_trader replied Apr 6, 2010
Hi Clay, I came across your thread the other day and downloaded a few of the initial documents. I'm enjoying your path to trading and reflecting how similar your revelations were to many of mine. In your list of great minds I think you missed one, ...
The Dance
- kiwi_trader replied Mar 25, 2010
With Fx closes ... what day are you closing? Do you use London midnight (more trading than elsewhere?) Do you use Eastern or Chicago midnight ... just because? Or do you use Globex Open time because all the futures contracts open each day at globex ...
The System III (Oh no!)
- kiwi_trader replied Mar 24, 2010
It is interesting that someone who specializes in martingale "average down" systems would think they were smart enough to recognize an idiot. Another clue is someone who knows what everyone else thinks.
The System III (Oh no!)
- kiwi_trader replied Mar 12, 2010
Sylar, The systems are all different and cliff notes would be to read the first 5-10 pages of each thread. I'd suggest you give this one a try as they are philosophically different strategies. Good luck
The System III (Oh no!)edit: note ... a question re the post ...
- kiwi_trader replied Mar 11, 2010
Absolutely. Although the 30% boys got there a lot faster.
The System III (Oh no!)
- kiwi_trader replied Mar 11, 2010
Re the first question. That trade and number of trades was hypothetical ... substitute your own numbers to get an account size ... but the main point was that a decent size account is going to be needed. Re the kelly question. I have been trading as ...
The System III (Oh no!)
- kiwi_trader replied Mar 10, 2010
Ahhh ... redart ... apologies for my comments earlier. I didn't realize which post you were referring to and thought you were just too lazy to have read Feb's earlier threads. Wrong I see.
The System III (Oh no!)
- kiwi_trader replied Mar 10, 2010
Lets say you get one of these trades per day. You win 2/3 of them. You win 1.5x what you lose/risk. Profit factor = (2/3*1.5) / ( 1/3*1) = 3 Expectancy = ( (2/3*1.5) - ( 1/3*1) ) / 1 = 0.667 So if you risk a dollar you get on average 0.66 return. ...
The System III (Oh no!)
- kiwi_trader replied Mar 10, 2010
There is a reason that this system is (Oh no!) and the prior ones were (Yes with irony) and (Irony included). You might want to do the tiny bit of work required to seek out the threads and then read them. Without work; with another indicator ... so ...
The System III (Oh no!)
- kiwi_trader replied Mar 10, 2010
Just to illustrate two alternative paths 786 (based on the distance to daily support). .
The System III (Oh no!)
- kiwi_trader replied Mar 10, 2010
Its important to ask the fairies at the bottom of the garden if you should be in the trade too. And never forget the power of a good spell over the market. A nods as good as a wink
james16 Chart Thread
- kiwi_trader replied Mar 8, 2010
1. Is the movement divided by spread greater for GU than EU with your broker? My broker is currently 1.5p on gu and 0.5p on eu so gu would have to have 3x greater moves to be more efficient for me (this applies if the average trade is reasonably ...
The System III (Oh no!)
- kiwi_trader replied Mar 8, 2010
You are right about the good points you make ryan. Although replay and rehearsal can help with the frequency issue. But you don't seem to get the issues I raised. Which possibly just means they never affected you. My opinion is that if I was to try ...
james16 Chart Thread
- kiwi_trader replied Mar 8, 2010
Now I trade hsi on 1m and eu on 5m so I'm not against short timeframes but I think there are some benefits to longer timeframes Ryan. The obvious one is if you get more tradable formations on the longer timeframe but the issue I've seen impact on ...
james16 Chart Thread
- kiwi_trader replied Mar 7, 2010
Its a valid entry. And it will be a valid entry whether it wins or loses. What are your stops and targets and why?
The System III (Oh no!)
- kiwi_trader replied Mar 4, 2010
Can you post a picture of the chart. On my GU daily I see no pin bar but maybe our timezones or timeframes are different?
james16 Chart Thread