Ichimoku Kinko Hyo trading system...!

[CamelToeJoe]

I haven't read this, but I've heard it's a great read.

'Trading with Ichimoku Clouds' by Manesh Patel.

http://www.amazon.com/Trading-Ichim...=sr_1_1?ie=UTF8&s=books&qid=1280784020&sr=8-1

 

[CamelToeJoe]

I was about to post a chart showing my Stop and Cover short technique above the kumo on a pullback after a nice bull run but then I come here and still hardly any conversation. I wrote out this nice response to Maknil and not a single thanks from him. Figures. A waste of time.

Anways, Linkon, hope your edge on the markets has been working very well for you. I'm still gambling on my luck and skill. I will have an edge soon enough. I'm brainstorming.

 

[linkon7]

I was about to post a chart showing my Stop and Cover short technique above the kumo on a pullback after a nice bull run but then I come here and still hardly any conversation. I wrote out this nice response to Maknil and not a single thanks from him. Figures. A waste of time.

Anways, Linkon, hope your edge on the markets has been working very well for you. I'm still gambling on my luck and skill. I will have an edge soon enough. I'm brainstorming.

Camel, ever noticed when we pen our thoughts or our trades, we force our subconscious self to think and evaluate our own methods and that's when some idea hits us... it's never a waste of time...

can you deny that the only person who benefited the most from your own post is you....

as for me, from July 1st, i've hit a lean patch and it continues.... this month also.... nothing is working for me... so i've cut down on the volume... and that makes me more miserable...

shifted to trading stocks... and the same thing there also... 12 trades, 2 hit stoploss... exit 8 of them due to lack of momentum, and 2 hit minor profit...

i believe most Indian traders are suffering from low self esteem as well... market has humbled most of us and that accounts for the lack of post....

you keep going... feels good watching you make consistent gains every day...

 

[maknil]

I was about to post a chart showing my Stop and Cover short technique above the kumo on a pullback after a nice bull run but then I come here and still hardly any conversation. I wrote out this nice response to Maknil and not a single thanks from him. Figures. A waste of time.

Anways, Linkon, hope your edge on the markets has been working very well for you. I'm still gambling on my luck and skill. I will have an edge soon enough. I'm brainstorming.

Sorry for late reply. actually i haven't seen your reply since.
But with respect your previous post I am not still clear. could you pls post some of your recent charts so that i can grab fast and clearly.

:clapping:

 

[vinst]

Camel, ever noticed when we pen our thoughts or our trades, we force our subconscious self to think and evaluate our own methods and that's when some idea hits us... it's never a waste of time...

can you deny that the only person who benefited the most from your own post is you....

as for me, from July 1st, i've hit a lean patch and it continues.... this month also.... nothing is working for me... so i've cut down on the volume... and that makes me more miserable...

shifted to trading stocks... and the same thing there also... 12 trades, 2 hit stoploss... exit 8 of them due to lack of momentum, and 2 hit minor profit...

i believe most Indian traders are suffering from low self esteem as well... market has humbled most of us and that accounts for the lack of post....

you keep going... feels good watching you make consistent gains every day...

Linkoy,
very candid self-admission. I must say it is a great quality.
Please look at the following which matches with your experience in last month or so;
http://www.traderji.com/futures/16351-nifty-futures-mechanical-trading.html#post457831

regards
vin

 

[CamelToeJoe]

Linkon - You are correct. Our written posts are the most beneficial to ourselves. I am on one other forum and it moves a little faster than this thread at times. I was being impatient.

Sorry to hear your trading isn't up to par at the moment. I guess we just take a step back and regroup for a moment. I've used your same analysis on Sensex when it first broke the daily cloud on my S&P Futres trading. Sensex broke through. We'll see tomorrow. It's a big day for S&P. It really can go either way right now.

Thank you for the response maknil.

 

[linkon7]

Linkon - You are correct. Our written posts are the most beneficial to ourselves. I am on one other forum and it moves a little faster than this thread at times. I was being impatient.

Sorry to hear your trading isn't up to par at the moment. I guess we just take a step back and regroup for a moment. I've used your same analysis on Sensex when it first broke the daily cloud on my S&P Futres trading. Sensex broke through. We'll see tomorrow. It's a big day for S&P. It really can go either way right now.

Thank you for the response maknil.

I had problems with the sudden drop in volatility... I trade options aggressively... and last month was merciless for options traders...

I lost almost 20% of my capital on trades that didnt pay out... Break outs after very long periods of consolidation were met with very strong reversals the very next day... It was a very expensive learning fees market charged me... felt almost heart broken...

 

[CamelToeJoe]

Yeah, I'm ready to go back to some mountain top swings! I don't think I can daytrade like this forever. I lost 16% of my capital in 1 day myself

 

[linkon7]

Yeah, I'm ready to go back to some mountain top swings! I don't think I can daytrade like this forever. I lost 16% of my capital in 1 day myself

16% in one day is bad...

Normally my limit is set at 2% per trade... so i need a series of 5 bad trades to drag me down to 10%... normally when that happens... i cut my risk per trade to 1%... and so on... till i get into my winning streak again... i increase my risk per trade slowly...

 

[CamelToeJoe]

It was the result of an order that was never cancelled. Huge screw up!