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| Subject: | Weekly comment |
| Posted by: | djia trader (Admin) ( C2 Score: 258 ) |
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| When: | 11/19/11 (14:05) | |
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| | The system has performed well this past week. There was only one bad trade which stands out (buy for 500 DIA on 11/17 for -$376). We had been short after noticing a clear top in the early morning trading. After taking a good profit from the short order, we decided to go long for a quick profit on a pull back. The market then took a 2nd dive, where we took a larger loss on this trade than anticipated. Had we stayed short, we could've pulled in at least another $800.
As for next week, we think the downside is much greater than the upside. Maybe back towards 11,000 for the Dow. However, we won't be surprised if there is rally. This market is too uncertain to hold any position over night.
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| Subject: | Weekly comment |
| Posted by: | Karl A |
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| When: | 11/19/11 (19:36) | |
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| | In response to post by djia trader of 11/19/11 (14:05) The system has performed well this past week. There was only one bad trade which stands out (buy for 500 DIA on 11/17 fo...
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Hello,
Would you please be so kind to answer the following questions which I pose to any vendor in who's system I might be interested in:
1) To what extent is the system mechanical/discretionary?
2) Do you trade it yourself in your own account and if so since when?
3) What do you think the maximum drawdown and recovery period could be based either on your back tests or otherwise on your best estimate.
Thanks,
Karl |
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| Subject: | Weekly comment |
| Posted by: | djia trader (Admin) ( C2 Score: 258) |
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| When: | 11/20/11 (14:16) | |
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| | In response to post by Karl A of 11/19/11 (19:36) Hello,
Would you please be so kind to answer the following questions which I pose to any vendor in who's system I might be interested in:
...
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This system is completely discretionary. We have a trading account with similar trades being made, but it is not directly linked to C2 at this time.
As for drawdown.. We don't risk a large % of equity because the trades have such tight stops. Our goal is to make a profit on each day of trading. If a draw down were to reach 3% we would most likely lower position size and wait for a good opportunity to get the system back on track.
I hope this helps. Thanks. |
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| Subject: | Weekly comment |
| Posted by: | Karl A |
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| When: | 11/20/11 (15:43) | |
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| | In response to post by djia trader of 11/20/11 (14:16) This system is completely discretionary. We have a trading account with similar trades being made, but it is not directly linked to C2 at this time....
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Thanks for your reply.
It is always good to see when vendors are not afraid to start their own thread on the forum and willing to open themselves up for questions and discussions.
As a side note, I would like to mention that confidence would be further enhanced if vendors use their real name and provide some background information on their profile page. |
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| Subject: | Weekly comment |
| Posted by: | djia trader (Admin) ( C2 Score: 258) |
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| When: | 11/26/11 (11:51) | |
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| | In response to post by djia trader of 11/19/11 (14:05) The system has performed well this past week. There was only one bad trade which stands out (buy for 500 DIA on 11/17 fo...
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I hope everyone had a good thanksgiving. The market took a dive this past week like we predicted. We ended on a very positive note with 8 straight wins and very limited drawdown on each trade. It's very easy to make money when we are in sync.
We hope to keep up the positive momentum for next week. As for the market, we are expecting another bearish week, although there will most likely be a few up days in the mix. The best thing to do is follow the trend and trade within the ranges. |
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| Subject: | Weekly comment |
| Posted by: | djia trader (Admin) ( C2 Score: 258) |
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| When: | 12/03/11 (14:54) | |
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| | In response to post by djia trader of 11/19/11 (14:05) The system has performed well this past week. There was only one bad trade which stands out (buy for 500 DIA on 11/17 fo...
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This was a rough week for us. There weren't many great intra-day trades to take advantage of. We tried a short play when the market opened up several hundred points on Wednesday, but there was no let up. We are uncertain whether the recent rally is real, or just major short covering. Depending on where the futures open next week, this should be an indication of where the market is headed. We'll have to take profits on winning positions early, and play both sides.
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| Subject: | Weekly comment |
| Posted by: | djia trader (Admin) ( C2 Score: 258) |
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| When: | 12/11/11 (14:14) | |
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| | In response to post by djia trader of 11/19/11 (14:05) The system has performed well this past week. There was only one bad trade which stands out (buy for 500 DIA on 11/17 fo...
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We feel the market is quite strong right now in the up direction, and next week there should be a test to 12,600. We were actually anticipating it this past week, which is why we were holding long. However, there was more up and down action till a nice Friday rally helped us out.
Since some of our trading is done by correlation of the Euro, we have started a system to make a few currency trades per week. Much like our DJIA system, we'll look to have a higher average profit than loss, which should equal a steady long term profit. |
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| Subject: | Weekly comment |
| Posted by: | djia trader (Admin) ( C2 Score: 258) |
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| When: | 12/13/11 (14:47) | |
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| | In response to post by djia trader of 12/11/11 (14:14) We feel the market is quite strong right now in the up direction, and next week there should be a test to 12,600. We were actually anticipating it this past week, which is why we were holding long. However, there was more up and down action till a nice Friday rally helped us out....
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The market hit a strong resistance trying to go up, and looks to be hanging off a cliff right now. With the weakness in the Euro, we have to be bearish the rest of the week. |
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| Subject: | Weekly comment |
| Posted by: | djia trader (Admin) ( C2 Score: 258) |
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| When: | 12/19/11 (18:32) | |
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| | In response to post by djia trader of 11/19/11 (14:05) The system has performed well this past week. There was only one bad trade which stands out (buy for 500 DIA on 11/17 fo...
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We are holding long for a possible Euro rally and/or holiday rally which would push up the market. We feel that if the market was going down hard it would have happened already, rather than so much back and forth movement. Could today have been the last sell off before an up trend? We are hoping that to be true. Although we'll have to exit quickly if we see our analysis to be incorrect. |
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| Subject: | Weekly comment |
| Posted by: | djia trader (Admin) ( C2 Score: 258) |
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| When: | 12/28/11 (17:43) | |
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| | In response to post by djia trader of 11/19/11 (14:05) The system has performed well this past week. There was only one bad trade which stands out (buy for 500 DIA on 11/17 fo...
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We are happy to have capitalized on the rally last week, although we could have held on longer to double the profits. I feel the right strategy during times of uncertainty is to secure the sure profit, because it can get wiped out in one bad day.
We shorted to start this week because the trend in the Euro was extremely bearish. It finally broke through the 1.3050 range which may lead to further declines in the next few days. However, the stock market is still in the up trend started last week, so it could actually continue to rise before the end of 2011. That being said, we must be bullish till the start of next year. |
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| Subject: | Weekly comment |
| Posted by: | djia trader (Admin) ( C2 Score: 258) |
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| When: | 1/05/12 (22:06) | |
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| | In response to post by djia trader of 11/19/11 (14:05) The system has performed well this past week. There was only one bad trade which stands out (buy for 500 DIA on 11/17 fo...
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The market is very undecided this week, so we have been trying to keep position size low on most trades. Tomorrow is the release of the employment change numbers which should shake things up. I am predicting a sell off, because I feel all this info is already priced in. We were planning to hold our short position over night, but after being caught off guard by a rally today, we felt we couldn't risk any more capital on the same trade. I would rather bet stronger if my prediction comes true. |
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| Subject: | Weekly comment |
| Posted by: | djia trader (Admin) ( C2 Score: 258) |
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| When: | 1/13/12 (16:20) | |
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| | In response to post by djia trader of 11/19/11 (14:05) The system has performed well this past week. There was only one bad trade which stands out (buy for 500 DIA on 11/17 fo...
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We have been predicting a strong potential for the down side. The market has held up all week despite early morning selling. We don't expect this to continue next week. Today's late rally may be the last. We were able to capitalize on the euro weakness, but no such luck on this market yet. We are holding strong for a change in sentiment. There is little positive news to make us believe otherwise. We will be using maximum effort to make sure January is a successful month. |
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