Futures blog, GB

[Gringotts Bank]

First 23 trades, real money. Still more improving in the psychology department to do before any decent size. That's where the real edge lies.

 

[grah33]

First 23 trades, real money. Still more improving in the psychology department to do before any decent size. That's where the real edge lies.

View attachment 88597

u mention accumulation, distribution, whckoff elsewhere. are people using VSA to trade the emini?

 

[Gringotts Bank]

u mention accumulation, distribution, whckoff elsewhere. are people using VSA to trade the emini?

I went into it in depth, and as far as I can tell, Wyckoff doesn't work on futures or fx. It's a nice-sounding theory, and I had it coded up exactly as I wanted it, did probably a few hundred hours of testing but couldn't find anything profitable. That's all I can say about it. Maybe someone else has managed to work out Wyckoff, who would know...

VSA I never put much effort into that, so I can't say. Capblack uses it profitably.

If you want something to work with, plot a low lag, smoothed moving average. Look at all the buy signals it throws up and see if you can tell which ones will be winners. And when they win, what sort of profit target can you expect. See what sort of win rate you can get using discretion, then hone your psychology, because that's where the money is. You don't need a fancy system. It's all about how you make decisions and work with your emotions.

 

[grah33]

I went into it in depth, and as far as I can tell, Wyckoff doesn't work on futures or fx. It's a nice-sounding theory, and I had it coded up exactly as I wanted it, did probably a few hundred hours of testing but couldn't find anything profitable. That's all I can say about it. Maybe someone else has managed to work out Wyckoff, who would know...

VSA I never put much effort into that, so I can't say. Capblack uses it profitably.

If you want something to work with, plot a low lag, smoothed moving average. Look at all the buy signals it throws up and see if you can tell which ones will be winners. And when they win, what sort of profit target can you expect. See what sort of win rate you can get using discretion, then hone your psychology, because that's where the money is. You don't need a fancy system. It's all about how you make decisions and work with your emotions.

Just goes to show how challenging trading can be. Although I thought Vsa and Wyckoff were the same thing, but i'll know soon enough the differences.

With my previous lack of success in Forex , I find one needs a real edge to make it work. Money management alone won't do I, but will make a person break even.

 

[Gringotts Bank]

"Everywhere I looked I saw extensive farmlands. And that insecure, fluffy, and caring part of me got caught between being proud of the industriousness of man and being sad at the sight of the magnificent old Sonoran desert turned into an orderly scene of furrows and domesticated plants".

"The old, dark, heavy part of me did not care. And the two parts entered into a debate. The fluffy
part wanted the heavy part to care, and the heavy part wanted the other one to stop fretting, and
to enjoy".

https://archive.org/stream/CarlosCa...los Castaneda - The Power Of Silence_djvu.txt

 

[Gringotts Bank]

"I stared at him with a thoroughly uncharacteristic coldness. Never in my life had I had such a feeling. It was not hatred I felt, or even anger: I was not even annoyed with him. What I felt was not resignation or patience, either. And it was certainly not kindness. Rather it was a cold indifference, a frightening lack of pity".

Trade from this place.