Feedback in:
Mike, In short, I was reviewing charts to get an idea of when trends were ending and beginning. I just keep listening to your book looking for the “GEM”. I think it is right in my face, I just don’t believe it is that obvious. What I have come up with is “Enter when the trend begins, exit when the trend ends”. My challenge now is identifying the trend which I heard in your book is hard to do until you are in it. Nevertheless, this is actually perfect timing as I don’t think day trading is sustainable in my current role at my job. Besides, day trading options has just been one big roller coaster ride down. I think I want to setup an automated system to trade futures, but I need to better define the parameters. Below is my plan for doing this:
Done:
- Identify beginning and end of trend
- Shrimp curling pattern up or down
- Increase in volume
- Trendline break
To do:
- Create some type of alert system to inform you of equities or futures that are beginning or ending a trend
- 10 ema X 30 ema crossover (up or down on the daily)
- Monthly trendline break with a close
- Daily candle break below the 50 ema
- Bearish engulfing, bullish engulfing, hammer or shooting star with volume on the weekly chart
- Review seykota.com page for possible insights
Needs further clarification:
- Automated trading
- How to code for entries and exits
- How to back test strategy
- How to automate trades in various markets
- Small losses are emphasized on, but how do you distinguish a small loss from a drawdown
J. S.
Stop all of this. It’s not trend following. It’s the kitchen sink.
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