So tight

[superfly]

https://www.farnamstreetblog.com/2014/06/avoiding-stupidity/


In expert tennis, about 80 per cent of the points are won; in amateur tennis, about 80 per cent of the points are lost. In other words, professional tennis is a Winner’s Game – the final outcome is determined by the activities of the winner – and amateur tennis is a Loser’s Game – the final outcome is determined by the activities of the loser. The two games are, in their fundamental characteristic, not at all the same. They are opposites.

 

[superfly]

ideas that enlighten my path.,

 

[tar]

ideas that enlighten my path.,

Not sure what you want , but here's an idea forget about all these discussions and arguments , you dont need to engage in such arguments to become a successful trader ...


GL

 

[superfly]

Not sure what you want , but here's an idea forget about all these discussions and arguments , you dont need to engage in such arguments to become a successful trader ...


GL

aggree, love minimalistic, lovet it
I dont even have to post on a message board of t2w to be awesome succesfull, just refine entry exits, predefine risk and kill mistakes

its time to do it

be well

 

[superfly]

the vision is to strip a trend, legg by legg. dominant unburdened potential is key. Dominance is determined in 2] and unburden potential in 1].

modus operandi:

1 ]-4 charts:
1a]-daily, 30m: keylevels, guestimates for unburden potential
1b]-4 tick: entry, trail, tight
1c]-4 tick signal

2 ]-(up to roughly 80%) auto S&D notation, if there is no dominance of S or D, 3] is not an option.

3 ]-exact pre defined entry signals (tbolo=tick brake out local overlap)

4 ]-statistically designed initial max stop tolerance, currently max 8t but, if the market provides, it can be significant less

5 ]-use smart tight stop locations beyond BE+, can always get back in on 3]

 

[superfly]

4tick

4 tick entry/trail tight:
manual anote D+S lines
Keylevels are copied from daily and 30minute
Grey Area is overnight session

http://www.sierrachart.com/image.php?l=1443888401763.png

4 tick to signal entry/trail triggers (collor chance)
http://www.sierrachart.com/image.php?l=1443888539668.png

 

[superfly]

trade entry example

http://www.sierrachart.com/image.php?l=1443888689452.png
http://www.sierrachart.com/image.php?l=1443888722454.png

 

[superfly]

Ng

the instrument I m currently trading is NG futures. If i manage to refine and drill it to work consistently, I might replace NG by a more volatile and faster futures contract in 2016. Ive been eying oil@gold as candidates.

:clover::idea:

 

[superfly]

eChklst

Pretrading
1-Today Business hours, Time of Day and scheduled news
2-Pre trading Keylevels immediate Daily and 30m refreshed, I refresh 30 m keylevels during day

Stalking
-anote D+S lines, refresh 30m keylevels
-read uPotential, dominant direction
-wait for strategically strong e signal with accompanied Smart Strong Stoplevel

Entry
Stplmt@e with default stop, urgently brought to Smart Strong Stop level

Hawk
Watch T+S to TrailTight price confirmed advances expertly, beyond BE+, give it more room

 

[dbphoenix]

Given the questions you asked in my journal, I assume you're trying to apply the SLA to what you're trading. If this is the case, I suggest you use time rather than ticks. If you had done so, it is unlikely that you would have overlooked the range that this was in from Thursday afternoon to Friday morning and the significance of the failed breakout to 2.404.

 

[superfly]

Segmentation of Timeframes into Immediate Ranges

31 runningdays dailyHL bars
http://www.sierrachart.com/image.php?l=144389272288.png
max 2 Daily keylevels, i love the minimum

7 runningdays 30mHL
http://www.sierrachart.com/image.php?l=1443892758582.png
max 2 30m keylevels, i love the minimum

running days include weekends

Bracketing current price I seek to cover as much possible local overlapping price action without giving op to much vertical pricerange.

 

[superfly]

Given the questions you asked in my journal, I assume you're trying to apply the SLA to what you're trading. If this is the case, I suggest you use time rather than ticks. If you had done so, it is unlikely that you would have overlooked the range that this was in from Thursday afternoon to Friday morning and the significance of the failed breakout to 2.404.

Thanks DB, Im glad you dont shun me for going of the road with some of your tools. As for the overnight range, my 30mHL chart is especially designed to catch, track and define those long (overnight) ranges. I caught the short and the bounce to the tick.

Every thing has a purpose, as you know, but great that you give comments. Besides the 30m I also look at a dailyHL.
http://www.sierrachart.com/image.php?l=1443893529109.png

vertical line is start of europe, when activity picks op more often than not


:clover:

 

[dbphoenix]

That may be, but because you ignored the range that was formed before the breakdown, you entered later than you could have if you had incorporated the range, the breakdown, and the higher low.

All up to you of course.

 

[superfly]

That may be, but because you ignored the range that was formed before the breakdown, you entered later than you could have if you had incorporated the range, the breakdown, and the higher low.

All up to you of course.

I was aware of what you speak. The chart i showed was just an example entry and not a complete overview of my actions that day.

Especially the detailed tracking of Supply and demand is a tool i value in your work and I have a use for that in playing the ranges and trends.

To be clear, Im not implementing sla. Your book have inspired me to purposely redefine and refine the way I map timeframes for context in combination with a tick chart for precision, track the supply and demand and refine my own entries and cap my initial risk as good as possible. I trade between 230 and max 1430 Newyorktime, so no overnight.

Coming monday, i will post a chart of my monday activity plus comments. I would appreciate it if you and maybe other peers could have look at it. If i grow from the experience of posting, i might continue to post for a while.

 

[superfly]

Two monks were watching a flag flapping in the wind. One said to the other, "The flag is moving."
The other replied, "The wind is moving."
Huineng overheard this. He said, "Not the flag, not the wind; mind is moving."

 

[superfly]

What do you want to accomplish with your trading?
Weekly make a very comfortable living of more than A euro with a maximum drawdown during the week of not more then A/3. I love the minimalistic creative independent way of thinking trading encourages.

Do you have any idea what sort of trading is most comfortable?
Bo Bi ranges, Trend Pullbacks Day-trading. Maximum Busines Hours 230-1430 Newyork. Zero overnight risk.

How patient are you?
Very very patient if its purposeful. Without purpose i'm not too patient.
How adventurous? Im a risk taker so effective risk control is paramount,
Im the leader of my business and a follower of the trend, even if it bends.

Why do you have a yournall?
to create momentum to:
-finish the development phase, no more test trades
-tip the focus to accountable flawless execution

 

[NVP]

Are we still,playing tennis or trading now ?.....

Lot of money in tennis betting if you know what you are doing

N

 

[superfly]

Are we still,playing tennis or trading now ?.....

Lot of money in tennis betting if you know what you are doing

N

i will try to keep the ball on the court, leg by leg
a sort of ping pong

 

[superfly]

Ambition

during Business Hours 230 untill 1430 new york the approach created 23 signals. 6/7 around BE with BE tight stop managment. With relaxed trailing they would have cost up to 6 to 8 tick each. See arrows. Others 16/17 pink rectangles all well above BE up to over 20 ticks on the fattys. This is my ambition level. I may begin earlier up to 00:15 dependent on overnight, but will always close everything before 1430.
Of the 16/17 one had to be reentered.

So if average win is 10 ticks ($100), then a wild estimate of geustimated income per contract is as follows

So 8 * -80 + 16*100= 960per contract. Minus operational errors estimated at 200 gives 760 as ambition level on a day as friday.

http://www.sierrachart.com/image.php?l=1443922098514.png

Im in simulator mode, testing what almost looks to promising to be true.

Can i take the signals and nothing less, hold the stop and trail according to flow?
Time to streamline my entry checklist..


Having gained an appreciation of the strength of the trend, and its location within the support and resistance framework, ONLY THEN, finally, do I concern myself with the current price action to determine the bullish or bearish sentiment (or more particularly a potential change of sentiment) through candlestick analysis.

Lance Beggs

 

[superfly]

Strategic inegrity

Directed strategy is what management believes needs to get done, while emergent strategy represents what actually gets done. Strategic integrity is when emergent and directed strategies are one and the same thing: when the strategy executes with the full, aligned backing of the organization for maximum impact. When a strategy lacks integrity it's like those war movie spoofs when the cavalry general goes on the attack, only to find that none of his troops actually follow him.

Marco Iansiti