Future Projects

Winter break is coming up, can't wait to start several of my projects.
1) Backtest baseline. Compare a few of the automatic systems and see if the gains or losses that they get are statistically different from each other. The main goal of this project is not to find a automatic system that works per say, but to establish a baseline for future programmed trading. Especially for the program that Ryan and Chris are working on, and for the Xtrends old system. If anyone has a systematic trading plan, please let me know and I'll consider adding it in. (Need to work on this at least 20hours/ week)

2) Look for a job. (At least twice a week)

3) Keep working on the ANN. Use Multi layer perceptron and self organizing maps for stock markets. The biggest challange is to find inputs that are significant and can affect the market. (Can only work on this when inspiration hits.)

4) Study nanonoko. (If I have time....) To do this, I'd have to get Hold'em manager working... which seems pretty impossible without re-installing windows.

Something that's very true

I'm reading an article on the Evil Speculator, and something just hits me....
"Being a trader means I am wrong all the time. I don’t need to pretend otherwise, there is no shame in being wrong with such a dynamic as the market. Why should I stand up strong and tell myself and everyone who can read a blog-comment that I’m really right, even though I am losing? I’ll stand up tall and tell you I don’t know a bloody thing. If I was so smart I wouldn’t be here. I’d be a corporate lawyer wondering why there’s only 24 billable hours in a day."

Overall the article is about managing risk, forget about ego, and live to fight another day.
Amazingly, its something I STILL don't know how to do.

Maybe I'll have to step away for a lil while to "punish" myself.

Weekend Update

Was stopped at a loss. Looking at the chart, I don't even know when I got stopped out, maybe I set my stop a lil too close to the bottom.

Decent setup.

Stopped out at a loss. ST was never triggered.


Bullish pic for SLV.... I certainly hope not.

Bearish pic for SLV...

Lunar cycle?

Did EWI just say stocks should fall now because of lunar cycle?????
So I immediately stopped reading after that... its like they are LOOKING for any bearish support they can get.
I "may" have wasted my money for the subscriptions....

Sorry guys, its not that i'm not updating, its just that I have a proposal, a presentation, and an exam this week.

Something to add

Daily and weekly.
Need to short.

Weekend update

Bearish pic of SLV.

Bullish pic of SLV.

Looking for opportunities to enter USO... well, and looking for money to enter too. So if you wanna donate to the Short USO fund... let me know. I accept paypal....


4 hour chart of USD. Hopefully we've bottomed.


So I think there'll be a stop gunning on monday morning. The stops are just too well defined. Easy pickings.

greed killz...

See what happens when I get greedy and lazy and NOT use a stop?
This chart would be a stretch... I mean how often does an expended flat wave 2 happen?


Although a chart of USD tells a different story.
Can I say this entire drop of wave 2 is 3 waves? not likely. If I say its 5 waves, that means there'll be a b and c wave for wave 2.... and if wave a already retraced more than 62% in a zigzag... wave c is gonna be UGLY!



P.S not happy about silver.... caused by the dollar.
P.P.S lost half a stack in a 50NL to an ultra aggro preflop fish on a absolute cooler! 3 betted pot, I'm OOP with top pair and 2nd nut flush draw on 1 toned flop. I bet min reraised, I shove, and he calls.... with the top pair and the nut flush draw....
tilt.

Not a good day :(

Here's a look at SLV. up 5% today, totally wiped out all my profits. I think this is pretty much where I shorted. Am I concerned... a lil. But you can make a case for this graph I posted. its at 62% retracement, + 1.62% of wave a. Anyways, if it goes up at all tomorrow... I'd be very very concerned.

Stopped out after moving the stop to break even. boooo :(


Just a lil update since the last EUR/USD. I wasn't gonna add anything since it only hit
my first red box, but after I drew in some resistances right now, it seems like a good time to short another unit.

I'm gonna live dangerously on this one, aka. without a ST target.... since everyone and their mother thinks that USD has bottomed.

Eur/GBP

Actually entered earlier today, but was busy so didn't set ST and didn't take a pic.

Friends' blogs

Check out their blogs on the right panel.
Best in the business.

change of mind

After talking with master #1, I'm no longer comfortable with my EUR/JPY long position.
Hence moving my stop to a lil over break even.

Small entry on EUR/USD

Got 1 unit at my target.
Will (hopefully)add another unit at my 2nd red box.

quick update.

I entered another unit when on the hourly bars, it seems like the initial drop was just a quick
stop gunning.
Now I'm 2 units in.

Plans forward:
If I have a chance, I'll add another unit. (some kind of hourly retracement)
If not, then I have my ST on the pic.
It might be a lil ambitious tho.

Weekend Update.

EUR/GBP

I'd really like it to hit my red box before I enter, but... I dunno... I'll enter if we close the day above the doji.



EUR/JPY

Entered 1 unit at the 132.4717. Plan was to wait to enter another unit once there's reversal confirmation. Stop below e. However, the action seems to suggest that we will not stop at level.
Not happy.


Still holding onto SLV, would like to take some ST profits but... don't know
Have entered some SDS with mr. marc, aka master #2.
So i'm 100% invested in my stock market accountss.

Still holding onto positions for USD/CHF. Approaching ST target.
Looking into getting into EUR/USD, on a good pullback as suggested by the master himself, Ryan Sanden.
Also looking into getting into USD/CAD because the graphs are soooo pretty.




I'll look for opportunities to enter on the dailys on a pull back.