Wednesday, December 31, 2008

Trading on New Year's Eve is as straightforward as any other day




Many traders and gurus, say they don't trade on holidays or preholidays, on or before big announcement days, before 10 am, during lunch, after 3:30 pm, etc etc etc. Others say they won't take a trade unless their yearly, monthly, weekly, daily, 60 minute, and 15 minute charts all agree. Some require multiple subgraph indicators to agree. Some require the Dow, Nasdaq, YM, Gold and Oil markets to agree before taking a trade. Some insist they are at an Elliot Wave 5 bottom or top, and will always be looking for the top or bottom. Makes you wonder when they can ever possibly trade. How they can ever possibly expect to make a living at trading?




We trade one chart and one time frame.


We have no subgraph indicators.


We trade on holidays, preholidays, before , after, and on Fed days, premarket, postmarket, before 10:00 am and after 3:30 pm.


We don't care what other possibly related markets are doing.




We trade solely based on Price Volume and Momentum of the market we are trading, 100% mechanically. We feel all you need to know to be able to take a trade should be able to be evaluated with this all inclusive trading algorithm.
Today was New Year's Eve and was a day like any other.
Trade Plan:
Eurocurrency 1000 share (@EC)
Trade TsuBot entries 100 % mechanically
Enter at Market
Exit at +24 tics Limit
Bought Market at 9:20 am est
Exited at 10:05 am est
+24 tics daily trading goal achieved.
We wish you and yours an Incredible, Happy, Healthy, Profitable, and TsuBot New Year!!!
Posted by at

About Me

My photo
Futures, stock and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stock and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures, stocks or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed here or on the company website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS.UNLIKE AN ACTUAL PERFORMANCE RECORD,SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.ALSO,SINCE THE TRADES HAVE NOT BEEN EXECUTED,THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY,OF CERTAIN MARKET FACTORS,SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.