Teach A Man To Fish And.........

Saint · #**701** 13th July 2007, 06:51 PM

Quote:

Originally Posted by SimpleStuff

Hello LV

I am just giving my views, not trying to answer for saint.

From what I have understood the trigger itself would be 3911, the price at which the sell stop order will be executed will naturally be lower than 3911, maybe 3910 or maybe even around 3900.

Now if there is a gapdown and we find ourself at 3850, what do we do? We get out at first chance, whatever the price once below 3911. We do not anticipate, we just react and accept that the new higher piovt will not be made.

There are other implementation issues you should consider here, like the discount or premium on spot prices. Roll over of NF contract (maybe 5 time, as position in above case is hold for about 4 months), etc.

In this kind of positional trade having to give back 20-30 extra points has to be accepted as part of the game.

If i have confused the issue, i am sure, Saint will clear it up for both of us

Best Wishes
Simple

Couldn't have answered better than the above.......very nice,Simple,and thank you!

Saint

Saint · #**702** 13th July 2007, 07:27 PM

Quote:

Originally Posted by SimpleStuff

Hello LV,

I can empathise with your concern about not being able to get a fill in for the SL. Specially if our SL is triggered the very next day we take a position and what if there is a gap down?

Our doubts and questions, reflect the experiance we have had previously in the market, for someone who have never traded, these implementation issues may sound trival.

Put yourself in the situation where you have actually made this very trade Saint has indicated in his post. Just imagine it is so..

You have successfully marked Pivot 5, - 8, - 10, ... and so on...

What it means is you are sitting through all those 10 dips or corrections, holding your position even when the market is going down (maybe minor dip of 100 points or more

).

The question is can you sit through these dips/corrections? If the answer is yes, then don't worry, after you have 800 points of the trend behind you, you will not worry about the cost of being taken out.

We all would love to take a trade similar to the one discribed by Saint here. The question is can we "Take the Heat" ?(to paraphrase another of the Giants).

To use this method successfully, we need to be able to be comfortable with deep stop loss and lower number of winning trades (may be around 35% strike rate).

Just hope am not polluting the space.

Best Wishes
Simple

Not at all,Simple.......in fact,am extremely happy to read your posts.Some great posts......am going to spend tonight looking through your last posts!Very nice!

To take the Heat,now that is another question...........If you don't position size properly and risk manage well........then you will have a hole in your stomach,your account and your psyche!

Each and every one of us come into the markets with a different account size and a different ability to withstand pain......but that's another topic altogether!

Once again,great stuff and keep em coming!!

Saint

Luckytrader · #**703** 13th July 2007, 07:51 PM

Oh...I miss this thread..as started again....

thanks to SAINT....

will be posting now in this thread.

Regards,
Luckytrader

uasish · #**704** 13th July 2007, 08:03 PM

http://www.traderji.com/101063-post57.html

Raja,
1st go & prove you can design a System ,there is a task waiting for you to prove.Go & prove our members.

Asish

uasish · #**705** 13th July 2007, 08:35 PM

http://www.traderji.com/101317-post700.html

To our members this guy Raja is a self proclaimed System Designer plz judge his abilities.
I want to get rid of pollution ,particularly in this thread no more talking go & attend to your task,prove you can beat that system.
One who cant make a system with -65% wining chance is just an avg dumb like me.

oxusmorouz · #**706** 13th July 2007, 08:40 PM

Quote:

Originally Posted by rajak1981

If Saint does not wish to co-operate he can say it himself. You don't need to get in between when two men are talking.
If Saint doesn't wish to co-operate, then i will check with CV.
Once these two options are exhausted I will move to other tasks other ideas other people.

I do not wish to discuss anything with you further Asish.
All the best with whatever you are doing,
Please leave me in peace.

How often, dear Raja Kumar, that we take but do not give? Benefit but do not help the others? Blubber but do not back it up with necessary content?
I do not voice for honorable Saint, for I am not one to. Had I, or any other forum member been in the position of Saint, I take the liberty to say that we would have ended up degrading ourselves. Saint, with his elite humbleness, has put up with your questions, which shows his greatness. Should you then not pay heed to Mr.Asish the same way Saint has heeded to your questions? If you do not, how then do you expect others to answer your questions? Just like you do not intend to answer Mr.Asish, do you not believe there will be others who are unwilling to answer you?

Sincerely yours.

Edit:
Since you are into the habit of editing, please point some meaningful contributions of yours in the forum before you criticize another member.

karthikmarar · #**707** 13th July 2007, 08:55 PM

Quote:

Originally Posted by rajak1981

Mr. S,
Note: Since I am the only one working on the fishing rod it will be a commercial version. I can cut both you and Mr. T in for a reasonable slice of the profits. I believe both you and Mr.T have done a good service to the trading community and should be able to share in the fruits of your labour.
However both of you will always have the choice to
a) refund customers/donate to charity
b) keep the funds for your needs or your families needs.

.

Doctor S, you gonna be rich...pal, time to open em bottles ...

Saint · #**708** 13th July 2007, 08:58 PM

Quote:

Originally Posted by karthikmarar

Doctor S, you gonna be rich...pal, time to open em bottles ...

lol.......have heard of Saint Sir,Saint Bhai,......Mr S .....hmmm,that's a new one!

Saint

oxusmorouz · #**709** 13th July 2007, 09:00 PM

Quote:

Originally Posted by rajak1981

Dear Ox+Asish.
I am offering CV/Saint+Mr.T a deal which they will either take or refuse.
I am not sure why you have a problem with this.
If I had carried out discussions with CV+Saint in public on system development and the step by step analysis of ideas/integration albeit without the accompanying free code then perhaps everyone would have benefitted from atleast some theoretical/practical examples.

What I will do now is I'll move the discussion to PM.
Regards,
Raja
Note: Saint/CV Please pm me if you want to dicuss biz.
Note: to Mr. T we will cut you in on anything that is finalized. The final advertising for the finished product if anything is developed will be done as per the rules laid down in the faq of this forum.
I think my work in this thread is done for now.

Traderji Rules:

(7) NO ADVERTISEMENTS & SPAMS - Please note that advertisements, chain letters, pyramid schemes, and solicitations are inappropriate and not allowed on this forum. Advertisements and solicitations of any kind are strictly prohibited. You will not harvest or collect information about the users or members of this site or use such information for the purpose of spamming them via e-mail. You will not solicit our members with any type of commercial offer, or advertise your business through your posts or private messages, or profile page. This includes, but is not limited to, posting your phone or fax number(s) and posting any URLs or hyperlinks to your commercial web site(s) or email account(s). Traderji.com and its agents may remove, edit or delete any posts, without prior notice, that contain unauthorized advertisements or solicitations. You agree that Traderji.com may, without prior notice, immediately terminate your membership upon discovery of any unauthorized advertising or solicitation.

I hate to talk like Rules Ramanujam but I thought this might be instrumental in the current scenario.

You are dear friend, accused of violating the rules.

Sincerely yours.

amitt29 · #**710** 13th July 2007, 09:03 PM

Quote:

Originally Posted by rajak1981

Dear Ox+Asish.
I am offering CV/Saint+Mr.T a deal which they will either take or refuse.
I am not sure why you have a problem with this.
If I had carried out discussions with CV+Saint in public on system development and the step by step analysis of ideas/integration albeit without the accompanying free code then perhaps everyone would have benefitted from atleast some theoretical/practical examples.

What I will do now is I'll move the discussion to PM.
Regards,
Raja
Note: Saint/CV Please pm me if you want to dicuss biz.
Note: to Mr. T we will cut you in on anything that is finalized. The final advertising for the finished product if anything is developed will be done as per the rules laid down in the faq of this forum.
I think my work in this thread is done for now.

I am complaining this as an advertisement.Ban this user,delete his threads,posts and ban the ip.