Highlighted in battleship gray is the SKF trade that promptly stopped out today. Beneath it in tan is the QID trade that looked good last night, but looks awful now. It came within half a point of stopping out.
Ugh.
The Big Bamboo has an 81% win rate, since 12/31/2007, on 78 completed trades. It does not seem to be firing on all cylinders though over the last 23 trades. It seems that only good position-sizing is keeping the Bamboo afloat right now.
Maybe the markets will gap down a bit and QID will survive to fight on Monday.
I have to say I admire anyone who can stay in the trenches these days. Best.
Looks like it will, at least for a while. The Aroon down(4) system that I use for SSO/SDS generated a short signal at about noon & it confirmed at the close. We might be stopin out together.
hey what is the Aroon down(4) system?
“It seems that only good position-sizing is keeping the Bamboo afloat right now.”
But isn’t that the key to any and all trading!? Risk management?
Let Vikram Pandit announce the Bamboo results for you, Wood. You’ll be very pleased to learn how well you are doing ex the losing trades.
Speaking of Wood and Bamboo…here’s George and George on the topic:
http://www.hbo.com/events/willferrell/video.html?maven_playerId=willferrell&maven_referralObject=3789707
ang: On SSO, the Aroon down(4)indicator crossing below 20 seems to work well for the past 4 months–it fires around the doji’s because it is a trending/strength indicator biased by the near term. That indicator is not as efficient to use for entries.
I must have missed it somewhere but, how many successful trades has the BB had in the last 20?
You know where I’m going with that question…
Cuervo, its all in the spreadsheet above.
Over the last 23, 47.83% were winners.
market is a blackhole though designed by robots from the future to steal the worlds wealth