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Re: [amibroker] OFF Topic: Trader's Confessions



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Hi, Ron,

I've been looking for a qualifier for my short-term system's long and
short signals, and your idea seems to be a good one. There are many
different variations of the Stochastic indicator. Which one do you use
to qualify your long and short signals? I presume from what you write
in your message that you use 2 different ones, one for an index, the
other for the individual stocks you are trading. Can you give an
example of how you invoke the Stochastic as a qualifier for your
system signals? Thanks a million, Ron.

Regards,

Al Venosa

On 4/22/05, mrdavis9 <mrdavis9@xxxxxxxxxx> wrote:
>  
> To add to what Graham said, NEVER  short when the stochastic of the
> indexes,DJI, etc are at a low level.  
>   
> Wait till the index stochastic is at a very high level and starting to look
> like it is starting to turn down.  Then find an individual stock that has
> already rolled over the top, then bounced up a bit, and with this SMALL
> bounce starting to again roll over at a lower high than the high of the
> previous HHV rollover.  This should get you at least a small profit, and
> possibly an excellent one.  Ron D  
> ================================================= 
>   
>   
>  
> ----- Original Message ----- 
> From: Anthony Faragasso 
> To: amibroker@xxxxxxxxxxxxxxx 
> Sent: Friday, April 22, 2005 5:55 AM 
> Subject: Re: [amibroker] OFF Topic: Trader's Confessions 
> 
>  
> Ara, 
>   
> When you say you Dropped a Bundle.... to me this implies that you did not
> have a maximum stop loss ( mental or automatic ) set up.... 
>   
> You could be using 10 indicators or 1 indicator...if the trade does not do
> what you expect it to do...Get out immediately using your maximum stop
> loss....you can always re-enter the market... 
>   
> Also, I do not think it is wise to add to a losing position....if the market
> is already not doing what you had expected , why would you add to it ? 
>   
> Anthony 
>  
> ----- Original Message ----- 
> From: Ara Kaloustian 
> To: AB-Main 
> Sent: Thursday, April 21, 2005 7:19 PM 
> Subject: [amibroker] OFF Topic: Trader's Confessions 
> 
>  
> I just dropped a bundle trading the NQ today... 
>   
> In reviewing my trade (yes only one trade), my indicators clearly did not
> indicate conditions for short entry, nor were any of my adding of positions
> justifiable, in fact the indicators were quite clear most of the time
> pointing in the opposite direction. 
>   
> In short, I guess I did not look at all my indicators ( I use basically 3)
> and must have focused on only one perhaps. 
>   
> Wonder how other traders deal with cockpit errors like this. My system is
> quite satisfactory to me, but the operator seems to flake out at times.... 
>   
> Appreciate any feedback. 
>   
> Ara
> 
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>  
> 
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>  Please note that this group is for discussion between users only.
>  
>  To get support from AmiBroker please send an e-mail directly to 
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