Happy New Year Everyone!
It's
a whole new world. Yes it is. We are still transitioning into what will
become the new global financial and economic system.
We
are currently in a world of uncertainty. No jobs are secure. No
currency is safe. No investment is for the long term. Anything can
change.
Jobs
have been exported from the first and second world to the third world.
The third world is trying hard to become the first world and looks to be
on the way to succeeding. What happens to the first world is still to
be decided.
We
are in a world where all the banks went broke and had to be reinflated
by governments. Places where we keep our wealth were allowed to become
the customers at great casinos where the bank employees could gamble and
if they won then received huge bonuses and when they lost, the loss was
ours. Banks are places where we put our savings-our super mattress.
Banks are places where the combined savings are lent to customers whose
security is beyond reproach. Our savings should not be allowed to be
gambled by the bankers on their own speculations.
The
transition will continue until governments "get it". In the mean time,
buy and hold investors carry all the risk. We day traders continue to
milk the cow, day by day. The same cow that the bankers almost killed.
Long term has become a week.
In
2012 this blog will continue its course of trying to bring Consistent
Profitability to all. Since it started I have taught, mentored and
helped several hundred people, many of whom went on to become traders or
become more profitable traders. These were people who both attended
formal training by seminar, webinar or DVD and people who read the blog
and asked questions.
Those of you who have become traders, congratulations!
I believe I have proved the hypothesis I made when I started this blog,
teaching my daughter how to trade, that anyone can become CP. So many
of you have!
After working with hundreds of people trying to become CP, I know that if someone has a back tested and forward walked CP trading plan, they can be CP as long as they are properly capitalized and trade within that capital.
This
year we will concentrate on getting people to CP. If you are not CP, go
back to the beginning of the blog and read. And then read what is to
come.
We will be
looking at two ways of getting to CP: Discretionary Trading and Fully
Automated Trading. Both roads have their own advantages and
disadvantages and we will explore them and find solutions to the issues
that traders have.
Today's
chart is the early DAX trading off a 3.5 point Renko chart. Renko
charts are difficult to use in autotrading as the wicks are invisible.
It's Flo driving. The first trade was a big loser and the other trades
almost made up the loss. This algo has averaged over 4,000 euros profit
per contract per month over the last six months with an acceptable draw
down. There are losing days. In fact there are lots of losing days with
an algo, but if it's robust, 90% of months can be green.
enrique42
ReplyDeleteI hope you had a good holiday and a good entry this year and to start the year I would like to ask you something EL, please put in the graphs and the VB CVD, because it does not help me to continue my work, thank you.
jenrique42
espero que hayas tenido una buenas vacaciones y una buena entrada de año y para empezar el año me gustaria pedirte una cosa EL, por favor, en las graficas pon el CVD y el VB, porque sino no me sirve para seguir mi trabajo, gracias.