aragon - trading futures is something that one has to define,
for example I have quasi day trade systems however they are just
not for 99% of the people. You have to sit here and look at
the charts intently for hrs, it takes a lot of concentration and
focus and is not something most people will do. I've thought
about many times starting a real time chat room where I show my
charts and call out trades in real time and it's something I still
want to try my hand at one day, but honestly I just don't have the
time right now. I have so many irons in the fire, I can't even keep
up with my emails, and my wife already bitches that she wish many
times her husband had a normal job so that he could spend more time
with the family, I'm always working. One of my goals is to get some
balance this year vs 100% work all the time. But as most of
the awesome members here have replied back to you, our value is not
so much telling you when to enter and exit but giving you the tools
to do it on your own, figure out your own systems with the tools we
teach. like these Renko and Range bar charts I've been
posting, I put out a vdieo on the technique that I use and I plan
to make other videos. Heck a lot of sites would charge you
for those. But again for day trading there's so many
techniques, you have to personally experiment with what you fits
you. Maybe the Range bars fit your style, maybe renko, or
maybe you find that you like trading a combination of a 1 min
and a 5 min chart, or maybe you like trading a 60 min chart, you
have to experiment.
Otherwise regarding the other daily systems which have been flat
for a bit, as you know I'm always working on stuff, I'm always
adapting, trying to bring new thins to the table. I've even
stated earlier that I would like to bring a basket of ETF's like
not just SPY but QQQ, IWM, DIA etc. That combination would
provide more trades.
Anyway you also have to define what you want. Calling out
intra day ES trades can not work for email notifications and for
folks who work, which is the majority here. The majority here
are not day traders, that's why daily systems are focused on.
Intra day trades are only suitable for chat rooms etc, which
I already described above.
anyway I suggest you to focus, calm the emotion a bit.
It's funny but the thing I've noticed that tends to get
people the most emotional is impatience and and feeling like
they are missing trades. I find that people are much less
concerned with managing risk and more concerned about missing a
trade.
did you buy any SQQQ yesterday? I thought that looked decent.
Today at the lows there was some nice intra day divergence, did
you buy ES? You can see the divergence with the tools we use?
Again you have plenty of tools at your disposal, take time
and try to put something together that fits your style. I can
give feedback and help you with questions.
Trading is also one of the toughest things to manage.
PS. Matt, in my humble opinion you want to cover too much
territory but shallowly. Automated systems can do better than
humans most of the time. I cannot beat your ES system, for example.
I would stick with indexes, bonds and perhaps precious metals and
do that thoroughly, if I were you. Individual stocks are a much
larger beast, and a lot more risky when volatility picks up. IMO. I
wish you well and thanks for your excellent work, Matt!
I took a long on GC (your system no 3, LE ST took a long
yesterday), but I am out of that trade now. Profit target of 2.90
is not good enough, and that's all I could get to achieve by
optimizing your settings.
I am getting a trend trade entry on wheat and corn today.
FWIW.
One thing I will be experimenting this year with is custom time
sessions. Right now the ES and SPY systems are of course
daily systems, SPY confirms trades at 4 pm EST, while ES confirms
trades at 5 pm. In Tradestation I can make custom time
sessions using a 1440 min chart, there are 1440 minutes in a day
therefore a 1440 min chart is basically the dame as a daily chart.
However with a 1440 min chart, I can create custom time
sessions. For example here's the ES exhaustion short, on a
normal daily bar it didn't trigger, however if I set a custom
session to close at 12:30 notice that the system would have entered
an exahuastion short last Friday, nice trade. Same thing for
SPY system, it would have shorted, whereas the standard time close
system would have missed.
I've also experimented with some intra day time frames like 2hr
views: here's an example where the breakout system would have
caught 3 nice trades in Jan on a 2hr time frame however the daily
missed it.
So again there's a LOT for me to experiment with this year that
could provide us with more opportunity and more trades, be patient
please, try to keep your emotion at bay
That would be a great addition, Matt! Gold, silver, bonds close
at 2:40pm and not at 5pm.
I have managed to optimize some of the your long systems for GC,
for example. I will share the settings when I have finished all of
them. GC trends like nothing else, it should be the easiest market
to trade with proper entry points. Your system logic works well on
GC with optimizations.
ES system is flat. Matt's ES systems are reversion to the mean.
For trending markets different systems are used.
Btw, I am getting a long entry on GC today for a trend-trade
reversion to the mean system. Swing systems that I know of, are
long GC above 1327. For a discretionary trade, one should be short.
My account is flat on GC, waiting for a higher low. FWIW.
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aragon - trading futures is
A question about systems. Does anyone know or recommend a ...
Posted by matt on 30th of Jan 2018 at 11:20 am
aragon - trading futures is something that one has to define, for example I have quasi day trade systems however they are just not for 99% of the people. You have to sit here and look at the charts intently for hrs, it takes a lot of concentration and focus and is not something most people will do. I've thought about many times starting a real time chat room where I show my charts and call out trades in real time and it's something I still want to try my hand at one day, but honestly I just don't have the time right now. I have so many irons in the fire, I can't even keep up with my emails, and my wife already bitches that she wish many times her husband had a normal job so that he could spend more time with the family, I'm always working. One of my goals is to get some balance this year vs 100% work all the time. But as most of the awesome members here have replied back to you, our value is not so much telling you when to enter and exit but giving you the tools to do it on your own, figure out your own systems with the tools we teach. like these Renko and Range bar charts I've been posting, I put out a vdieo on the technique that I use and I plan to make other videos. Heck a lot of sites would charge you for those. But again for day trading there's so many techniques, you have to personally experiment with what you fits you. Maybe the Range bars fit your style, maybe renko, or maybe you find that you like trading a combination of a 1 min and a 5 min chart, or maybe you like trading a 60 min chart, you have to experiment.
Otherwise regarding the other daily systems which have been flat for a bit, as you know I'm always working on stuff, I'm always adapting, trying to bring new thins to the table. I've even stated earlier that I would like to bring a basket of ETF's like not just SPY but QQQ, IWM, DIA etc. That combination would provide more trades.
Anyway you also have to define what you want. Calling out intra day ES trades can not work for email notifications and for folks who work, which is the majority here. The majority here are not day traders, that's why daily systems are focused on. Intra day trades are only suitable for chat rooms etc, which I already described above.
anyway I suggest you to focus, calm the emotion a bit. It's funny but the thing I've noticed that tends to get people the most emotional is impatience and and feeling like they are missing trades. I find that people are much less concerned with managing risk and more concerned about missing a trade.
did you buy any SQQQ yesterday? I thought that looked decent.
Today at the lows there was some nice intra day divergence, did you buy ES? You can see the divergence with the tools we use? Again you have plenty of tools at your disposal, take time and try to put something together that fits your style. I can give feedback and help you with questions.
Trading is also one of the toughest things to manage.
PS. Matt, in my humble
Posted by aragon on 30th of Jan 2018 at 12:45 pm
PS. Matt, in my humble opinion you want to cover too much territory but shallowly. Automated systems can do better than humans most of the time. I cannot beat your ES system, for example. I would stick with indexes, bonds and perhaps precious metals and do that thoroughly, if I were you. Individual stocks are a much larger beast, and a lot more risky when volatility picks up. IMO. I wish you well and thanks for your excellent work, Matt!
Matt, to answer your questions: re:
Posted by aragon on 30th of Jan 2018 at 12:30 pm
Matt, to answer your questions:
re: SQQQ. No, I would rather short TF. Shorts have not worked at all for a long time. so no trade.
re: ES. I had a buy target of 2830 but no idea for the stop, so I did not take the trade. https://www.insidefutures.com/article/2117340/It%20is%20going%20to%20be%20a%20busy%20week%20in%20the%20ES%20and%20ZB%20futures.htmlgave some numbers for support and resistance.
I took a long on GC (your system no 3, LE ST took a long yesterday), but I am out of that trade now. Profit target of 2.90 is not good enough, and that's all I could get to achieve by optimizing your settings.
I am getting a trend trade entry on wheat and corn today. FWIW.
One thing I will be
Posted by matt on 30th of Jan 2018 at 11:36 am
One thing I will be experimenting this year with is custom time sessions. Right now the ES and SPY systems are of course daily systems, SPY confirms trades at 4 pm EST, while ES confirms trades at 5 pm. In Tradestation I can make custom time sessions using a 1440 min chart, there are 1440 minutes in a day therefore a 1440 min chart is basically the dame as a daily chart. However with a 1440 min chart, I can create custom time sessions. For example here's the ES exhaustion short, on a normal daily bar it didn't trigger, however if I set a custom session to close at 12:30 notice that the system would have entered an exahuastion short last Friday, nice trade. Same thing for SPY system, it would have shorted, whereas the standard time close system would have missed.
I've also experimented with some intra day time frames like 2hr views: here's an example where the breakout system would have caught 3 nice trades in Jan on a 2hr time frame however the daily missed it.
So again there's a LOT for me to experiment with this year that could provide us with more opportunity and more trades, be patient please, try to keep your emotion at bay
That would be a great
Posted by aragon on 30th of Jan 2018 at 12:13 pm
That would be a great addition, Matt! Gold, silver, bonds close at 2:40pm and not at 5pm.
I have managed to optimize some of the your long systems for GC, for example. I will share the settings when I have finished all of them. GC trends like nothing else, it should be the easiest market to trade with proper entry points. Your system logic works well on GC with optimizations.
Is es long or short
Posted by torvix on 30th of Jan 2018 at 12:06 pm
Is es long or short here?
ES system is flat. Matt's
Posted by aragon on 30th of Jan 2018 at 12:19 pm
ES system is flat. Matt's ES systems are reversion to the mean. For trending markets different systems are used.
Btw, I am getting a long entry on GC today for a trend-trade reversion to the mean system. Swing systems that I know of, are long GC above 1327. For a discretionary trade, one should be short. My account is flat on GC, waiting for a higher low. FWIW.