Buy Zone on Hour Bars?

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greaterreturn
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Postby greaterreturn » Thu Mar 27, 2008 5:59 pm

Edward,

I greatly appreciate your advice and accept it. I see from many of your posts that you truly know how to trade. So I will use monte carlo runs to decide risk level to never risk a 25% drawdown.

But you're right I do suffer from small accountitis! :lol:

To compensate for that, I'm using 10 minute bars as you see above to offer more trading opportunities with less risk per trade!!!

So hopefully, I can cure the small accountitis soon.

Sincerely,
Wayne

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eudamonia
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Postby eudamonia » Thu Mar 27, 2008 7:52 pm

Wayne,

Just trying to help you avoid some of the pain I've been through. To give you an idea the first trade I took was in Corn. I had a $5k account and traded 8 lots (yes 8) on this small account. Needless to say my original trade was a winner (worst possible thing that can happen to you). I was up $20k within the first three months. I was on top of the world. My ego was on fire. I was the GOD of trading. In 3 days the market reversed and put me back to nearly breakeven (yep up $20k in 3 months down $15k in 3 days). I never want to live with that much stress again ;)

Yes if you keep your account alive you'll eventually get your small account up to a reasonable size.

Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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noone22
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Postby noone22 » Sat Apr 18, 2009 10:35 am

khalid wrote:I only BuyZone emini S&P, and since 5 March do not take greater than 3 ticks risk


Hi, Khalid

Could you share more details about trading BuyZone with emini S&P.
Which indicator(s) are you using?
Are you trading NY open or other hours?
What are S&P BuyZone parameters: BuyZone, SellZone,
target, stop-loss?
What is your entry trigger?

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