Has anyone found a trading system/strategy that is consistently profitable?

CreditViolet · #11 14th October 2007, 08:48 PM

Quote:

Originally Posted by Lazzie

Thanks for your reply. It's good to know that it's possible because I was starting to wonder if it was. I have tried tick charts on the ES and I have found that it's pretty much the same. I've also tried volume charts. I have found that I get best results using 5 minute charts for entry and using 10-15 minute charts just to confirm trend direction but not to trade from. I use a few different indicators and use momentum along with strenght and weekness of the market as the key factors for when to take a trade. I think my main problem is the psychology side of things. Do you trade the ES? What tick count do you recommend?

hi Lazzie
I dont use minute charts at all for decision making.Just a hourly/half hourly chart for perspective.Mainly its Volume Bars and Tick Charts for couple of indicators that I run. I dont prefer using indicators per se. I dont trade ES much, prefer ER2 or YM.Currently I am hooked on researching the HSI to avoid the late nights.

As for tick charts, it really depends on the indicator you run, I prefer the 55 and 233 tick chart.Also I think ES is too lumpy/heavy for minute based charts.

Linus · #12 14th October 2007, 08:53 PM

Quote:

Originally Posted by CreditViolet

Its a livelihood sir and took a few years of effort.

To set someone in the right path is something more important in my opinion rather than give away anything on a platter.

s

CreditViolet · #13 14th October 2007, 09:11 PM

Quote:

Originally Posted by sunil saranjame

s s

What was so funny Sunil?

Or you drunk again?

Linus · #14 15th October 2007, 12:00 AM

Quote:

Originally Posted by CreditViolet

What was so funny Sunil?

Or you drunk again?

Hey CV!

I enjoyed your posts! and you have a point. My way of appreciating!!

Regards,

s

s

Lazzie · #15 16th October 2007, 06:58 AM

Quote:

Originally Posted by CreditViolet

hi Lazzie
I dont use minute charts at all for decision making.Just a hourly/half hourly chart for perspective.Mainly its Volume Bars and Tick Charts for couple of indicators that I run. I dont prefer using indicators per se. I dont trade ES much, prefer ER2 or YM.Currently I am hooked on researching the HSI to avoid the late nights.

As for tick charts, it really depends on the indicator you run, I prefer the 55 and 233 tick chart.Also I think ES is too lumpy/heavy for minute based charts.

Hi CV.

I keep a 5 minute YM chart open, but have never traded the YM (not really sure why I haven’t). I use the YM because the ES and YM follow each other pretty much 95% of the time and prefer to take a trade when they are in sinc. I normally trade the ES, if it’s doing what I want it to do, but if it isn’t and the AB or the NQ are being more cooperative I trade them. Maybe I should consider trading the YM too. Thanks for your advice.

ccmb420 · #16 12th February 2008, 11:16 AM

Quote:

Originally Posted by ccmb420

I shall not discuss the system leave alone sharing it , BUT yes I trade a system that gives positive returns consistantly.
I trade Nifty on 30 minutes time frame and overall have been positive in all six months periods starting from March 2004!!! I am now following April to Sep and Oct to March.
Have actually earned handsome returns. I have on occassion lost during a month, even quarter but never never lost during a period of six months.
I started trading with 500 nifty (5X100) and now have steadiliy increased my quantity to 5000 nifty (100 lots X 50).
I stop trading after I am in profit at a certain percentage in six months period. I am not trading ever since Nifty crossed 5473/- my systems target for Oct to March. I shall not be trading nifty till March 2008 now. My profits have been achieved in just 10 days for this six months period.
Would enjoy free time!!!!!
So it is possible to have a consistently profitable system!!!
Regards
Shravan

I am happy and lucky that i am not trading at present. The system that gave GOOD returns since 2004 had failed miserably during Jan/Feb 2008. I am saved only becoz as per my system the Profit during every 6 months is predecided and I do not try to squeeze the system to generate more. In the previous 6 months (since Oct.2007) I had had my profits in first 10 sessions and had not been trading ever since. On assessing the system during the remaining period I find Net net I would have been able to earn VERY GOOD till Dec but all gains would be wiped out due to HUGE VOLATILITY. The price movement have been so big that on two occassions the entry level and stop loss levels were both triggerred on the same 30 minute bar in Nifty Futures.
Any system has to be backed by solid discipline.
-Shravan

amarnath · #17 12th February 2008, 04:40 PM

Quote:

Originally Posted by Lazzie

I’m not asking for anyone to give away their trade secrets (unless of course they don’t mind sharing), but would love to know if anyone has come across a system for the e-minis using 1,3 or 5 minute intervals that consistently performs well... and would appreciate it very much if they could point us in the right direction. I seem to have a great week or two and then a terrible one, so its one step forward and then one step back. It’s a very frustrating game.

There are not just one but lot of system that performs consistently well but no system can be tradable without even slightest dragdown but scalping consistently is no easy game especially on lowertime frames you specified and dont even dream a trader will share such system unless he is mad

Vlad · #18 13th February 2008, 12:43 AM

march 2004?
it's to early to draw any conclusions....

all six-month periods since then have been positive...

Raju · #19 13th February 2008, 06:39 AM

Hi CV,
What is YM,HSI ?

Where can I get info abt YM & HSI ?

"As for tick charts, it really depends on the indicator you run, I prefer the 55 and 233 tick chart.Also I think ES is too lumpy/heavy for minute based charts."

If could kindly give me any link for how to use 55/233 chart , I mean which s/w to use ..my problem is I don't have much idea abt charts and have started learning recently...Please help..

rajivkhatlawala · #20 13th February 2008, 11:53 AM

Quote:

Originally Posted by ccmb420

I am happy and lucky that i am not trading at present. The system that gave GOOD returns since 2004 had failed miserably during Jan/Feb 2008. I am saved only becoz as per my system the Profit during every 6 months is predecided and I do not try to squeeze the system to generate more. In the previous 6 months (since Oct.2007) I had had my profits in first 10 sessions and had not been trading ever since. On assessing the system during the remaining period I find Net net I would have been able to earn VERY GOOD till Dec but all gains would be wiped out due to HUGE VOLATILITY. The price movement have been so big that on two occassions the entry level and stop loss levels were both triggerred on the same 30 minute bar in Nifty Futures.
Any system has to be backed by solid discipline.
-Shravan

Shravan
I think you have got the master key to the investment game ! --"Discipline" --- and congrats to you for that. I wish you consistent profits in years to come.
CA Rajiv D Khatlawala