hutrade

nice man. yeah I'm definitely still a newbie and I just hit my 3 year mark in June. I can't even believe it.

I am doing well. Trading is going great on my end with my latest and greatest trading system. I haven't been able to do videos of my trading (I even tried today as a matter of fact) b/c the app just messes with the responsiveness of my TOS application and we can't have anything like that going on!! NO way!! LOL

I use tick charts in my day trading series and I like to take profits when the stochaistic crossover "hits the ceiling" as I like to think of it, b/c that's when a pullback seems to occur a large part of the time. If it looks like the trend is continuing then I re-enter usually around the place I took profits earlier. Of course that's day trading stuff and nothing like investment grade stuff you're dealing with here.

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Tom

OK man you've got my attention. Sounds like you are using a variation of the Top Dog methodology. Tick charts, ceilings, I take it when stochastic rolls over. Are you using dual time frames by any chance?

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hutrade

lol yeah when stochastic rolls over. I use actually 4 time frames (ideally each TF is about 3 times the size of the next one up, with the base TF being about 1% of average daily volume for that security) + a glance at the daily. For example if the security trades approx 1,000,000 contracts per day on average over a year or two, my lowest TF would be the 1,000 tick chart, then the 3,000 tick chart, then the 9,000 tick chart, etc. + the daily chart. With TOS this is not the easiest thing to do b/c the tick charts are pre-set, so for now I'm kind of relegated to whatever their setting allow me to trade, which frankly is fine with me since I like to focus on one security anyway (the Russell 2000 emini futures...which you in fact turned me onto way back when by suggesting I get out of the S&P and try the Dow emini ).

The thing I personally appreciate about stochastic is that it doesn't "expand out" past the floor/ceiling very much at all (based on my observations at least). I really appreciate that b/c then I can trust that indie as a top/bottom reader among a few other indies I have to help me with that. Sometimes with Bollinger bands, MACD, RSI, etc. the indies just keep on "maxing out" in one direction further and further and so you never really "know" when it's topped (or bottomed) out. Very frustrating indeed for me!! LOL Of course everything has variance as no system is set in stone but with stochastic I find that the indie flatlines at the ceiling or floor rather than keep expanding out, and then if I look to the next higher time frame or two then I likely see a trend move in place where THAT stochastic hasn't yet topped or bottomed out yet. Then I know what's going on and can enter/exit trades with more of a handle on things if I want to. That's just a part of my system and what I'm personally using and is working for me at this point. I'm sure others find the same or similar things in their own system whatever it may be, and I think that's just great.

Honestly, my system is pretty darn accurate and keeps me pretty darn safe in terms of risk but my <i>EXECUTION</i> of that system definitely needs some tuning up day in and day out!!! My system may be near perfect but boy my trading sure isn't!!!! LOL I think we can all appreciate that one eh!?!!? I mean come on...can I get an AMEN in the house!!!! LOL haha

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Tom

URE trade update. Stopped out.

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Tom

SLV trade update stopped out at BE, covering commissions. I'm flat everything except GHAAX and MCHFX mutual funds in my ROTH IRA.

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Tom

Should I stay or should I go?



Happy trading all.

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hutrade

nice man! I'd say "it depends." When you entered the trade was it for a trade or an investment?

if you're trading off of earnings then I'd say let it go sooner than later. Next week definitely.

If you're investing (and you would have known this before you entered) then you're in and staying in and probably going to DCA in the future. But I've heard some guys talk about IBM lately in fact and how much they like it as an investment. I haven't crunched their numbers myself but there you go.

That's my two-ticks on the matter. Regardless....be well man and NICE GRAB!!!

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Tom

Experimenting here with what I've learned to be called zero line trading. The logic is if you can see loss you can see gain. I see all the traders holding the GU with a profit being zeroed out of their profit fairly quickly before price continues. The GU has a repetitive pattern of trading back through large momentum periods before continuing on with it's move, taking away held profits, in turn, after it hits my entry, it will trade back up through it's large momentum down candle which has yet to be printed, giving me a more precise pt. I'll explain this theory in more detail later. Let's watch this play out.

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Tom

POT long per Top Dog's swing trading method, with a tad bigger stop.

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Power Broker

Gr8t charts as always Tom!

Cheers

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