Rest in peace to the most stingy trader in history aka quant king who safe guarded his system and never shared. His strategy was just a glorified moving average crossover 
Jim-Simons-at-MSRI-by-David-Eisen.2e16d0ba.fill-1200x600.jpg
ain't that Markov chains on the board tho ?
Jim-Simons-at-MSRI-by-David-Eisen.2e16d0ba.fill-1200x600.jpg
Statistics: Posted by ionone — Tue May 14, 2024 8:10 pm — Replies 3 — Views 53
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Food for thought
to pivot or not to pivotStatistics: Posted by josi — Tue May 14, 2024 7:37 pm — Replies 3841 — Views 1110023
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Query...
What do you think about an intra-day trading strategy that uses crossover moving averages set to Fibonacci values 13, 55 & 89 and also includes the Daily Open price level?
Answer...
An intra-day trading strategy incorporating crossover moving averages set to Fibonacci values (13, 55, and 89) alongside the Daily Open price level can be a well-rounded and robust approach. This strategy combines the trend-following aspects of moving averages with the market sentiment insights provided by the Daily Open.
Here are some detailed considerations and steps to implement such a strategy:
### Strategy Overview
1. **Moving Averages (MAs)**:
**13-Period MA**: Represents short-term trend and momentum.
**55-Period MA**: Represents intermediate-term trend.
**89-Period MA**: Represents long-term trend, providing a broader market perspective.
2. **Daily Open**: - Serves as a significant psychological and technical level that many traders watch. Prices above the Daily Open can indicate a bullish sentiment, while prices below it can indicate a bearish sentiment.
### Benefits of the Combined Strategy
1. **Enhanced Trade Signals**: - Combining short-term and long-term MAs with the Daily Open level can filter out noise and provide more reliable trade signals.
2. **Trend Confirmation**: - Moving average crossovers can identify trend changes, while the Daily Open can confirm the direction of the trend intra-day.
3. **Support and Resistance**: - The Daily Open can act as an important support or resistance level, helping to set stop-loss and take-profit points more accurately.
### Implementation Steps ####
1. **Set Up Your Chart** - **Plot Moving Averages**: Add 13, 55, and 89-period moving averages to your intra-day chart. - **Mark the Daily Open**: Identify and draw a horizontal line at the Daily Open price.
2. **Define Entry Rules** - **Bullish Setup**: - **Condition 1: Moving Average Crossover**: The 13-period MA crosses above the 55 or 89-period MA. - **Condition 2: Daily Open Confirmation**: The current price is above the Daily Open. - **Entry Signal**: Enter a long position when both conditions are met. - **Bearish Setup**: - **Condition 1: Moving Average Crossover**: The 13-period MA crosses below the 55 or 89-period MA. - **Condition 2: Daily Open Confirmation**: The current price is below the Daily Open. - **Entry Signal**: Enter a short position when both conditions are met.
3. **Define Exit Rules** - **Stop-Loss**: - For long positions: Place a stop-loss a few ticks below the Daily Open or a recent support level. - For short positions: Place a stop-loss a few ticks above the Daily Open or a recent resistance level. - **Take-Profit**: - Set take-profit levels based on key support or resistance levels, or use a predefined risk-reward ratio (e.g., 2:1). - **Trailing Stops**: - Utilize trailing stops to lock in profits as the price moves in your favor. This can help maximize gains in trending markets.
4. **Trade Management** - **Partial Exits**: Consider taking partial profits at intermediate levels to reduce risk and lock in gains. - **Avoid Overtrading**: Only trade when the conditions are clearly met to avoid being caught in market noise. ### Example Scenarios
#### Bullish Scenario: - **Entry**: - The 13-period MA crosses above the 55-period MA. - The current price is above the Daily Open. - Enter a long position. - **Exit**: - Place a stop-loss below the Daily Open. - Set take-profit at the next significant resistance level or based on a risk-reward ratio.
#### Bearish Scenario: - **Entry**: - The 13-period MA crosses below the 55-period MA. - The current price is below the Daily Open. - Enter a short position. - **Exit**: - Place a stop-loss above the Daily Open. - Set take-profit at the next significant support level or based on a risk-reward ratio.
### Backtesting and Optimization - **Historical Data**: Test the strategy on historical data to assess its performance. - **Optimization**: Adjust parameters such as moving average periods and stop-loss/take-profit levels based on backtesting results. - **Paper Trading**: Before deploying real capital, test the strategy in a simulated trading environment to gain confidence and make adjustments as needed.
### Continuous Monitoring - **Market Conditions**: Be aware that market conditions can change, affecting the performance of your strategy. Stay flexible and ready to make adjustments. - **Performance Review**: Regularly review trade outcomes to identify any patterns or areas for improvement.
### Conclusion Combining crossover moving averages set to Fibonacci values (13, 55, and 89) with the Daily Open price level can enhance your intra-day trading strategy. This combination offers a balanced approach that leverages both trend-following indicators and key psychological levels, potentially improving the accuracy and reliability of your trade signals. As with any strategy, thorough backtesting and continuous monitoring are crucial for long-term success.
Food for thought
Xard777
Statistics: Posted by xard777 — Tue May 14, 2024 7:13 pm — Replies 15186 — Views 3793393
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Well done, WOLF. I wish my only sibling would have read it obeyed it. He was 2 years older than me with 2 years more driving experience than me, but face-planted a big-ass tree without wearing a seatbelt and going 120 MPH on April 7, 2023. You might say his death was "natural" to the line of work that he was in. A long time ago, I rode shotgun with him (with a seatbelt on) going 150 MPH on I-80, which was somehow scarier than me riding solo at the same speed on a crotch-rocket--possibly due to the cluster of flashing lights that he outran. All I can say is... Some people get sober, and other people don't.⏱
Man I'm sorry to hear that it's very sobering to hear of a story like this and 150mph is no joke was he driving a sports car? Thank God you made it through thatStatistics: Posted by boytoy — Tue May 14, 2024 6:32 pm — Replies 50 — Views 6773
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Hay , try this.
Could you please take a look at money management. It seems not to activate
Statistics: Posted by looping — Tue May 14, 2024 6:21 pm — Replies 12 — Views 13829
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Russian Forces Capture Luk'yantsi | Storm of Chasiv Yar Begins | Return of Wagner
Ukrainian Command Lied About Defenses, Now Kharkiv Will Fall
(extreme artillery scenes)
Statistics: Posted by Ogee — Tue May 14, 2024 6:17 pm — Replies 2840 — Views 171087
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I got a paper i'd like to code but it's over my ability
it uses Markov Models, regression, adaptive EMA, etc
if someone is interested in coding this for me I can share the paper for him/her
and eventually even pay him/her a little
Jeff
Statistics: Posted by ionone — Tue May 14, 2024 6:11 pm — Replies 0 — Views 22
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I'm sorry for often.
Because I found out where the problem is but I don't know how to deal with it,
I have decided not to check for this broker type.
- It is a check to see if there is enough margin for the number of lots.
Please download again.
post1295541353.html#p1295541353
If you are not seeing the error, any version is fine.
it works now ! thanks a lotBecause I found out where the problem is but I don't know how to deal with it,
I have decided not to check for this broker type.
- It is a check to see if there is enough margin for the number of lots.
Please download again.
post1295541353.html#p1295541353
If you are not seeing the error, any version is fine.
Statistics: Posted by ionone — Tue May 14, 2024 6:01 pm — Replies 5 — Views 243
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Hahahaha exactly.
Can't imagine what these plebs will be like during the next viral outbreak and I'm actually still not over the way people treated each other during Covid especially how the majority treated unvaccinated/unmasked people like lepers.
It's something I will never forget for the rest of my life.
Going to prepare for the next one with this shirtCan't imagine what these plebs will be like during the next viral outbreak and I'm actually still not over the way people treated each other during Covid especially how the majority treated unvaccinated/unmasked people like lepers.
It's something I will never forget for the rest of my life.
Statistics: Posted by boytoy — Tue May 14, 2024 5:39 pm — Replies 29 — Views 1296
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Statistics: Posted by charli — Tue May 14, 2024 5:30 pm — Replies 798 — Views 40504
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Statistics: Posted by Ogee — Tue May 14, 2024 4:20 pm — Replies 42 — Views 2351
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Statistics: Posted by Ogee — Tue May 14, 2024 4:14 pm — Replies 3282 — Views 372914
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Statistics: Posted by Ogee — Tue May 14, 2024 4:13 pm — Replies 1 — Views 66
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Statistics: Posted by Ogee — Tue May 14, 2024 4:11 pm — Replies 684 — Views 60514
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"Let me see your war face!" (Full Metal Jacket, 1987)
Oh wait... Nevermind. It's in your avatar.
The aftermath,Oh wait... Nevermind. It's in your avatar.
a thousand yard stare
Statistics: Posted by WOLF — Tue May 14, 2024 2:45 pm — Replies 1544 — Views 173943
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