Posted by: Samsara June 19, 2008
Sajha Traders Unite...Strategy
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ONLY for those interested in Trading or currently Trading...The rest of you could just spare your time and get back to the sajha homepage as you'd just waste your time here.

 

Having seen the success of eminitrader's threads which pertained mostly to stocks and not much about strategy used, do any of you want to talk about your technical strategy, you charting system used and the financial product (your forte) you trade on a daily basis.  Don't know how many of you do it, but if you've backtested your charts you could see the winning percentages on your trades that would allow for a better understanding of getting into-out of the market (certain charting companies like CQG allows that but its mad expensive...paying about $1G a month on that alone for an intro packet but at the same time, its the best I've ever used so far).  Using CQG for backtesting certainly has made my understanding of the product and trading it a lot better as the emotion involved  (loving a stock too much or getting into it too early) have pretty much been eliminated or questioned.  BTW, I'm wondering if anyone else out there uses CQG too.  Or you could talk about your charting software and mention why you think its good.

So far, I've met a few Nepalese folks who are trading for various firms out there and they have been doing pretty well in the past few years but for some reason all of them prefer sticking to equities...Anyway, not my concern as I'm more interested in the strategy used.  The same strategy can be used in all markets as long as there's a price action charts on them and analysis could be done on it.

What are your strategies on range-bound markets (I use the RSI along with the Parabolics on Treasuries...wierd combo but its been going great so far)?  What about trending markets (been using ADX and Parabolics)?  And anyone trading spreads (these seem a lot more easier to forecast than solely trading the outrights)?  And any trading strategies you could talk about or if any you want to ask me about (butterflys, etc.).  And Most Importantly, I'd love to know your strategy for Risk Management and Wealth Preservation.  Keep the discussion going...Lets do it.

"Money never sleeps, pal": Gordon Gecko in Wall Street

 

PS: All ya academicians who think technical analysis is voodoo sciene, pls stay outta this one and spare me the "it doesn't work" theory.  Been doing it for a few years and have seen all others around me do it with success for the past few years, that if I met my Finance Professor again, I'd show him my PnL for the past few years and laugh at his face.  Traders on the Street live by it and feed their families off it.

 

 

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