i knew u knew
ps no need to tell me that u knew that i knew that u knew ----
cause i already know that!
hope 71 holds for ya -- looked like a fair bit of buying came in down there so the next low cycle will prob tell the story
i know you did. hence my comment on having all my money on black
my stop loss is just below 71. had a lucky life on that bounce. be interesting to see where it ends up.
For those of you who say news items spike the markets:
From Money Morning:
In their recent paper titled Stock price jumps: news and volume play a minor role, physicists Armand Joulin, Augustin Lefevre, Daniel Grunberg and Jean-Philippe Bouchaud found no correlation between news items and the responses of stocks. They analysed the news feeds from both Dow Jones and Reuters (the major sources of information for financial analysts and journalists) and examined the correlation between hundreds of instruments and some 90,000 news items over a two-year period.
Their conclusion was there was no link between jumps in instrument pricing and news items. Most changes were not directly attributable to any news item at all and the majority of news items caused no change in instrument pricing at all.
comments please?
I thought Gold would go up not down after the Gaza fighting.
so guys does that mean for a mere $1000 micro account i can trade 50 times that = $50,000.
if i got it wrong and the trade went the other way by say 3% before closing out i owe $1500 even though i started with $1000 only? is that right?
or if i made a good buy and i closed out with a 5% gain, i would make $2500 with only an initial outlay of $1000.
is that how it works?
is there any interest payments or monthly fees of any sort if i hold a trade for months without closing out? any fees of any osrt?
Hi Les,
Those stats are interesting. I've been testing Norman's idea too but I get nothing like your results. I must be misunderstanding something very simple.
you can only lose what u have deposited. youll get a margin call and have your positions closed before then.
you sound like youre looking at overleveraging. only lose 5% max per trade.
u do get swap rates for long term trades. which can also 'cost' you if youre on the lower interest rate side of the trade.
we're finding difficulties with the automation too; not having human intuition as part of the computer trading is difficult.
we're looking at the slope of the MA line atm to see if that helps some.
Be very careful with using slope/degrees. It's arbitrary based on the time/price scale. eg. It might "look" like a 20 degree slope but zoom in or out on the chart and the angle will change. You may already know that and have a constant to base it against, but just thought I'd point it out in case you didn't already know.
One way around that problem might be to use a rate of change of an MA or rate of change of a linear regression slope.
That looks like quite a high win rate. Do you have a cumulative equity curve as well, not just the daily trades?
Cheers,
CanOz
Using a combination of price/patterns/stochs appears to strengthen it, rather than the just the stochs in isolation. The scaling in and out with additional contracts, when it is warranted, does have an accelerating and positive effect.
I have seen people try to use stochs or other indicators in isolation and a lot of them fail long term. That doesn't mean particular individuals cannot do it. Some people just seem to be able to interpret and apply particular indicators in a way that works for them. There may be some subconcious or intuitive factors coming into play.
we look at a higher timeframe for exits. could be an interesting thought for entries too. i will stew on it more.
has anyone successfully coded resistance/support?
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