Systems, Strategies and Resources for Trading Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: virtualsignal who wrote (44220)	3/15/2001 7:59:20 AM
From: Louis V. Lambrecht	Read Replies (1) of 44573

VS - will sign up for the one week test one day. They have a $70/mo. service also (300 tickers vs. 600) interquote.com Still playing with ensign/eSignal. Also had some baaad experience lately with overtrading. Was waiting for a confirming move and finally entered my trades at a retest before a change of direction. Then cut the losses...at the change of direction. Had puter and (or) Internet fall-outs at the wrong moment, couldn't close a position. Now only entering a trade if I am "sure" to have 3 minutes (reboot/relog) time to still exit with a profit. Learned the dangers of a cancel/modify order resulting, not in a position close, but in a reversed open position. Noticed also hat when the market goes to my direction, I mostly am right for the day. Problem is to decide to: whether stick yo my opinion -no matter intraday losses which can be huge- and ultimately be positioned for the expected move, or cut my losses fast (coz. I might be wrong). Decided to cut the losses very fast for a while (whithin the same minute as tonite). it dramatically improves the statistics. Didn't traded yesterday as I was short in the Globex session. Made my day before the open of broad markets. I had conflicting signals through the session and only enter new positions when all of them give green lights. Currently 3 to 7 trades a day. Today will be completion of my second month of trading the real thing. (Did some paper trading before, but this is real BS: you always get filled). Most markets beeing (yet again) at break points (up or down) I won't be trading much today. Nite session on the futures, at first sight, indicates that they are topping.1190, 10 pts above a bunch of s/r levels, fibs and indicators.13 pts above fair value. "Should" be down at broad market open, but wouldn't bet on it. (short term cycles expect a rally to start today or tomorrow, going into April. Dunno.) A clear break below 1180 could send us to lower lows, but at the other end, I also have 1250-1264 as resistances. That is a $5K range and we are in the middle of it. Not the kind of odds I like.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next