Base System: 38W - 5L = 43T = 88.4%
Sub System: 18W - 3L = 21T = 85.7%
Trading:
Net: + $1200.00
Net: + 24 points
Accuracy: 85.71%
End of week ES average daily range: 28.65 points
Today was a solid mix of styles with at one point a string of 15 winners in a row. Talk about pushing the outside of the envelope! The system had plenty of signals and I took plenty of those. I also did some work off of my dynamic S&R levels and stationary S&R levels. I mainly caught parts of the morning sessions between phone calls and meetings. I traded fairly well between distractions and tried to let profits run more than usual, but still kept a trailing stop ultra tight.The new signal is one that takes some nerve to take. It completely stops the market after a swift move. I feel it is detecting capitulation. The moment when traders give up due to the pain of the loss being too great. I step in a buy or sell at the high or low.
I am starting to understand what the system is doing. The market is nothing more than support and resistance (S&R) which is nothing more than fear and greed with is nothing more than human nature.
Somehow, the indicator is able to catch this battle and show me when the sides are switching places. So the signals I have been trading from are really just showing me support and resistance areas even if I do not happen to have them plotted visually. Because so many traders use different methods to determine important S&R, it leaves places in the the market where I get signals at seemingly random intervals.
I also zoomed out today for a wider perspective and can see that I might have the ability to capitalize from larger moves someday, perhaps trades lasting an hour or more. All in good time. For now the goal is to learn to grind out a steady income.
Chart of the day has a breakdown signal. It was a perfect formation one that can be taken with relative calm.
Posts
You're using "ONE" indicator on a 1 minute chart for signals? Nice. Care to share the indicator? LOL Are your results "actual" trades on a simulator or are these "after-the-fact" paper results? Seems like a lot of trades to be taking "remotely" with delayed quotes.Credibility comes into question when the indicator being used is not revealed...but i understand wanting to keep the Grail close to your vest. Good luck and please let us know when your indicator and/or settings will be available for purchase. :o)
ReplyDeleteI can honestly say one indicator. I like smaller time frames, but it does work on the 1m and I have used it on the 1m. The numbers at the top represent all possible obvious trades available to the trader. My actual simulation is with Ninjatrader in realtime and those results are also listed as net P&L on the blog.
ReplyDeleteIt is a good system, but can be very hard to trade at times. No need to reveal it since I having real trouble finding anything that comes close to it for reliability.
Just to clarify, my delay is slight - only in the remote connection, not delayed like 15 minutes, more like 100 milliseconds. Just enough to make moving orders in the DOM tough.
ReplyDelete