lbr's holy grail

Discussion in 'Trading' started by kserra, Oct 6, 2003.

  1. Bonds are definitely more suitable for this method . Would you give more details about your method ? Exchange of ideas ?
    Thanks,
    Walter
     
    #11     Oct 9, 2003
  2. kserra: how long you been trading live bullets with holy grail? any negative weeks?

    dblarrow: hey man. you still trading that BB scalping method?
     
    #12     Oct 9, 2003
  3. DblArrow

    DblArrow

    For better or worse I don't really use a risk reward %. I try to watch and see if I get a reversal signal or if I am satisfied with profits take them. I try to take some off after a couple of ticks and move stops up - sometimes to soon as was the case today. Stop on the bonds is generally at 5 ticks and on the notes at 6 ticks.

    Make 'em pretty, Chris
     
    #13     Oct 9, 2003
  4. DblArrow

    DblArrow

    Just to make this easier I have included a chart of the ZB.

    1 - a trade I took, prices crossed the 20 ema came back down and moved up. My sto's confirmed the trade.

    2 - a trade I also took, was a little more anticipatory but prices crossed up and tested and failed to go below the red down bar, then sto's followed along. As noted in previous post I move stop to B/E to soon and was stopped and failed to reenter. did get 1/2 off for a couple tics so made some $

    3 and 4 - I was not around for but are good examples of what I look for.

    Hows that?

    Make 'em pretty, Chris
     
    #14     Oct 9, 2003
  5. DblArrow

    DblArrow

    traderkay,

    Not to much, it is to much of a countertrend method and unless one does big volume the rewards are not as good. I basically use the same stuff minus the BB's on the bonds and notes. (see above post) That is where I started and just feel more comfortable there.

    Chris
     
    #15     Oct 9, 2003
  6. kserra

    kserra

    Traderkay:

    I have not gone live yet with the methodology, I have some experience trading it via swing trading and do some intermittent day trades via SPY but am limited by the PDT rule. My experience in swing trading was that I just about brokeven which I considered pretty good because it was at the beginning of my trading career and a good portion of it was during the past summer (not the easiest time to be trading a momentum based system). I ended up quitting swing trading though because I found I am far too impatient for swing and enjoy the shorter time frame much more.
     
    #16     Oct 9, 2003
  7. Hows that?

    Make 'em pretty, Chris [/B][/QUOTE]

    Nice, Thanks,
     
    #17     Oct 10, 2003
  8. SPY is different from ES kserro. surprisingly different. i learned the hard way:)
     
    #18     Oct 10, 2003