Wednesday, October 21, 2015

Down and Up and Down

4-8-4 UniRenko

The 4-8-4 UniRenkos are set up to capture a range with a threshold solver, bar direction and a moving average crossover.  Inflections can be taken at the slower ribbon band in direction of momentum.  The 4-8-4 UniRenko Template was used with the Threshold Cross Solver.

4-8-4 UniRenko

Inflections taken at key areas worked today.  Again the range was great.  Patience was required to wait for setups.  This is the 4-8-4 UniRenko Template with the Threshold Cross Inflections Solver.

Tuesday, October 13, 2015

Post Market Review - 10/13/15

Premarket October 13, 2015 and Optimization Discussion

Excerpt from Follow your System, The Business One Irwin Guide to Trading Systems:

You can consider a trading system like a small business.  ....  Compare that to futures trading.  Except perhaps for the emotional stress, trading is a very nice business to be in.  You will need a relatively small investment.  You won't need a fancy establishment office.  You won't need to advertise.  You won't need to worry about employee problems.  You won' t have any inventory.  The hours are good.  You can reside anywhere in the world.  You won't have to live or die by the competence of others.  If your trading system is successful, you will have a high-return, easy-to-run business that can support you indefinitely.