GRPT example from today.
I've marked your chart to show you what I mean about my GRPT (Golden Rule of Pullback Trading). The pullback you marked it great because price...
The pullback you have marked does not violate the "Golden Rule". It's a long entry after a pullback from a new high which is fine.
Oh there are definitely lots of problems with my system. I did not trade Friday (I have been down with a bad flu since thursday night) but...
Instead of boring you with charts I thought i'd post a concise summary of my trading day: [img] Thank God I was only trading a 1 lot.
You da man. You might also want to start a journal here. My trading has improved since I did.
:D <--- me
Do not enter longs on pullbacks off new lows for the day. Do not enter shorts on pullbacks off new highs for the day. Corallary: It's...
Furiously traded one lots for the past 2 days. Worked out an outstanding filter for pullback trades. Worthy of its own post (see next msg).
No, I have some issues to clear up. The system still allows too many trades. But i'm aiming for something very simple. From NQoos (I should...
Why what? :confused:
Indeed, the best trade was probably a short where I closed my long today, after touching 1420. But I like to keep the option of holding...
Following dB's suggestion I didn't worry about predicting what kind of day it was. I looked for my setups and took them. Two trades, executed...
First I see what you are saying now about purely mechanical systems-- if everyone tries to do exactly the same thing, on the same instrument, the...
I would just like to hear one story, just one example, of a secret mechanical system that was pulling in cash, was revealed (or better yet,...
I agree with T-REX. Fact is, there is not one documented case of secret system that worked great, then stopped working once it was revealed (if...
Goal: Seek and destroy any signs of this viscious cycle: (1) discipline (2) winning (3) addiction to winning (4) taking more chances in...
to get from trader maxims, to trader actions, takes a lot of hard work and practice.
The Tao of Publias
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