31 replies to this topic

[EntropyModel]

Mark,

 

Yes, i am a mechanical trader. As for "b)", you are right. But the solution is not selecting the trades, but to cut down on position size. If you have a well designed system, it would by definition already be selecting the best trades. 

 

Thx NAV - and yep, understood on the position size/risk control...

 

So  one 'discretion' I apply - certain market conditions I worn' trade - OPEX, 30min pre-post FED ...and anytime I get 2 consecutive whipsaws.

Horrible but typical OPEX whipsaw for ST traders this week... I never trade wed-fri of OPEX...learned that the hard way many years ago..doesn't suit my system.

 

I think of it like golf -  I have a certain 'golf technique' and that doesn't suit 'windy conditions' such as OPEX lets say - I stick to fair weather...

so matter of identify certain context - can be time ( OPEX, FED) or  price ( ranges versus trend) etc

Edited by Entropy2.0, 20 October 2016 - 09:42 AM.

[EntropyModel]

For those that like pretty charts ..the fractal road map I posted is still on track - 

 

I expect an eventual down resolution, the opposite of last pattern which resolved up -(TA cd see it as forming right shoulder of H&S here.)

So I can see another up move from here 2133SPCASH ( holding trendline) or down to close gap 2125-2130..then up...I doubt the pattern

is complete without another up move ..but below 2115 it is done.

 

Current:

http://screencast.com/t/Ab69VDMcvhp6

 

 

previous:

http://www.traders-t...apped/?p=753916

 

FYI - I do NOT trade off fractal, it a form of support/resistance where if I get buy/sell signal that agree's it gives risk/reward and stop indications.