| StockFetcher Forums · General Discussion · NEVER LOSE AGAIN!! | << 1 ... 12 13 14 15 16 ... 105 >>Post Follow-up |
| lctrcbddha 28 posts msg #68449 - Ignore lctrcbddha modified |
10/15/2008 11:27:45 AM Understood regarding short / long. I am only talking about long with regard to the open this morning. When long, the stop loss trigger is the "short" zone. Do I understand that correctly? I was watching the chart as it developed, "within" the candles as they formed. Within the first couple of minutes there were several brief rises into the long zone with subsequent dips into the short zone. Each of these would have triggered stop loss? Or not. That, in essence, is my question. This continued until the major move which finally filled the gap. Edits - not worried about backtesting, never mentioned it. Didn't say it was a losing method, merely trying to better understand is application. Slippage - again, not worried about slippage. |
| TheRumpledOne 6,529 posts msg #68450 - Ignore TheRumpledOne modified |
10/15/2008 11:54:15 AM "Within the first couple of minutes there were several brief rises into the long zone with subsequent dips into the short zone." ====================================================== This is SCALPING! You are NOT in the trade for more than a few seconds unless it's moving (fast) in your direction. |
| TheRumpledOne 6,529 posts msg #68451 - Ignore TheRumpledOne |
10/15/2008 11:56:12 AM "Edits - not worried about backtesting, never mentioned it. Didn't say it was a losing method, merely trying to better understand is application. Slippage - again, not worried about slippage." =================================================================== The point is, THIS DOESN'T WORK IN BACKTEST. IT'S A LOSER! You would have to be crazy to trade this method. LISTEN TO THE EXPERTS. THEY KNOW WHAT THEY ARE TALKING ABOUT!! |
| TheRumpledOne 6,529 posts msg #68454 - Ignore TheRumpledOne |
10/15/2008 2:03:48 PM
That's just so stupid... waiting for a red candle in the short zone to go short. Geez!!! |
| lctrcbddha 28 posts msg #68455 - Ignore lctrcbddha modified |
10/15/2008 2:35:52 PM > waiting for a red candle in the short zone to go short. Do you wait for a candle to complete (close) within and/or beyond the "zone" before entering the position? Or do you enter the position as soon as a developing candle enters the "zone"? Maybe that's where my confusion is... |
| TheRumpledOne 6,529 posts msg #68456 - Ignore TheRumpledOne |
10/15/2008 2:57:19 PM
See all you do is wait. You could have made a lot of money buying low. But, OH NO, your dumb rule of thumb says not to go long when price is below the open. Just because your other trades were profitable doesn't mean you should pass up these opportunities. See, if you used INDICATORS, you could trade more. But you think you're smarter just because your buy zone thingy works everyday. |
| TheRumpledOne 6,529 posts msg #68457 - Ignore TheRumpledOne |
10/15/2008 2:59:36 PM Do you wait for a candle to complete (close) within and/or beyond the "zone" before entering the position? Or do you enter the position as soon as a developing candle enters the "zone"? ================================================================== As soon as price hits open + $.10, you go long if the candle is green. As soon as price hits open - $.10, you go short if the candle is red. First 15 minutes, use 1 min candles. Then switch to 5, 10, 15 or 30 minute candles. Your preference. |
| TheRumpledOne 6,529 posts msg #68479 - Ignore TheRumpledOne |
10/16/2008 9:33:14 AM
Over $1 in two minutes. So what? |
| TheRumpledOne 6,529 posts msg #68480 - Ignore TheRumpledOne |
10/16/2008 9:34:34 AM
AAPL filled the gap in 4 minutes. So what? |
| TheRumpledOne 6,529 posts msg #68481 - Ignore TheRumpledOne |
10/16/2008 9:39:02 AM
I don't know about anyone else, but I am sure getting tired of you posting the same stuff day after day. Big deal, RIMM filled the gap.. so what? When are you going to show me something else? All you do is the same thing day after day. Who cares about that? I want something new and different. Besides, you buy zone thingy doesn't back test very well and everyone knows that is crucial. So until you can prove to me that it works in back test, I don't care what you do with it everyday. |
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