July 7, 2008

Net: -$72

I figured my strat only had 50/50 odds. It had no edge. I lost -$50 from a gamble on XOM. Wasn’t part of the strat.

Tomorrow I’m gonna try to use a tweaked version of my strat.

(
ExpMovingAverage[EMA,Close,21,0,15] >

ExpMovingAverage[EMA,Close,21,0,5]
AND
ExpMovingAverage[EMA,Close,21,0,5] > Last
AND
Last > ExpMovingAverage[EMA,Close,21,0,1]
AND
( (Last – ExpMovingAverage[EMA,Close,21,0,1]) /

AvgTrueRange[ATR,21,1] ) > 3
AND
(ExpMovingAverage[EMA,Close,21,0,15] – ExpMovingAverage[EMA,Clos

e,21,0,5]) < .03
)
OR
(
ExpMovingAverage[EMA,Close,21,0,15] <

ExpMovingAverage[EMA,Close,21,0,5]
AND
ExpMovingAverage[EMA,Close,21,0,5] < Last
AND
Last < ExpMovingAverage[EMA,Close,21,0,1]
AND
( (Last – ExpMovingAverage[EMA,Close,21,0,1]) /

AvgTrueRange[ATR,21,1] ) > -3
AND
(ExpMovingAverage[EMA,Close,21,0,5] – ExpMovingAverage[EMA,Close

,21,0,15]) < .03
)

In summary, 15EMA21 and 5EMA21 have to be only .03 or less apart for me to trade the setup.

July 9, 2008

Net: $12

I used my strat’s formula to do the exact opposite of what I’ve been doing the previous days. Instead of using it for counter-trending, I’m using it with the trend. Price usually went to my favor but often stopped at or very near my exit before spiking to the other way and stopping me out.

So far it’s turning out that I have a little bit of an edge there.. So far…

July 3, 2008

Net: -$50

Traded WYE against my rules at the open, made $22 on it. The following trades were all losing capped by AA where I was unable to cut it becuase I was looking at the Mac. I just decided to risk it all the way to -$50. Unsurprisingly I cut at the top.