do you have a performance report for your method? like last 6 months or year?
A few pages back I have a performance report from August or September. Compound it by a few hundred percent and that's the current (unrealized) performance.
Topic: Goomboo's Journal - page 9. (Read 281459 times)
A few pages back I have a performance report from August or September. Compound it by a few hundred percent and that's the current (unrealized) performance.
this seems really useful. the region at the top is obviously the largest/greenest (probably the most robust compared to the other regions).
- but what makes it robust?
- what if the largest region was a single square?
- but what makes it robust?
- what if the largest region was a single square?
I define it as robust in that as the market changes through time, the region will more or less continue to outperform. The primary assumption here is that the market price action characteristics will remain similar through time.
A region has to be a grouping of squares or it is not a region. If you're looking at a single green square in a sea of red, you're looking at a system which happened to catch a single large price movement at the perfect time - which the neighboring cells did not catch. By choosing this square, you would be "cherry-picking" a combination based upon a single trade which will never occur again.
You're looking for a profitable system which captures the general characteristics of the market. Specific enough to give direction; vague enough to avoid curve-fitting.
Thanks for posting this 
Its an interesting read and informative. This is the perfect Guide for newcomers and will definitely help a lot of people (including me)!! Keep up the updates 
Its an interesting read and informative. This is the perfect Guide for newcomers and will definitely help a lot of people (including me)!! Keep up the updates
do you have a performance report for your method? like last 6 months or year?
Thank you for the topic, it is very informative. I was wondering, what do you mean by 'be skeptical of unrealized profits'? Should I understand it as 'be weary of daily traders going into profit taking mode'? Or something else?
Below said it great:
Basically, it's not a profit until you've sold and the fiat is in your pocket
It's just a reminder to keep a clear head when the markets appear to be going crazy and avoid greed.
Daily traders should be sitting on an unrealized profit of around 51% or $70 per coin. As always: be skeptical of unrealized profits.
Hi Goomboo
Thank you for the topic, it is very informative. I was wondering, what do you mean by 'be skeptical of unrealized profits'? Should I understand it as 'be weary of daily traders going into profit taking mode'? Or something else?
Basically, it's not a profit until you've sold and the fiat is in your pocket
Right. Goomboo approaches trading from the viewpoint of investing USD for USD profits. This gives him good profit over the long term, with lower risk than those investing for BTC profits. Those traders are essentially compounding their profits, which can grow you investment capital, but from the USD prospective, those gains are at risk.
Daily traders should be sitting on an unrealized profit of around 51% or $70 per coin. As always: be skeptical of unrealized profits.
Hi Goomboo
Thank you for the topic, it is very informative. I was wondering, what do you mean by 'be skeptical of unrealized profits'? Should I understand it as 'be weary of daily traders going into profit taking mode'? Or something else?
Basically, it's not a profit until you've sold and the fiat is in your pocket
Daily traders should be sitting on an unrealized profit of around 51% or $70 per coin. As always: be skeptical of unrealized profits.
Hi Goomboo
Thank you for the topic, it is very informative. I was wondering, what do you mean by 'be skeptical of unrealized profits'? Should I understand it as 'be weary of daily traders going into profit taking mode'? Or something else?
And correct, there was another buy signal generated a few days ago.
Daily traders should be sitting on an unrealized profit of around 51% or $70 per coin. As always: be skeptical of unrealized profits.
I like the look of a 10/25 triangular 2-hour.
http://bitcoincharts.com/charts/mtgoxUSD#rg60zig2-hourztgSza1gTMAzm1g10za2gTMAzm2g25
http://bitcoincharts.com/charts/mtgoxUSD#rg60zig2-hourztgSza1gTMAzm1g10za2gTMAzm2g25
So can we get updates each time you make trade as to what the actual price etc was?
Sorry, I'm not a signal service.
As I read it, looks like there was a SELL signal on Oct 2-3 around 125 for about 25% profit, then another buy signal yesterday at about 141 -- is that correct??
Edit:
The first part of your sentence it correct - you exited in that time frame. There was a one day sell signal which resulted in an 8% loss (assuming you went short - I'm long only) immediately following the closed trade. And correct, there was another buy signal generated a few days ago.
Goomboo
So can we get updates each time you make trade as to what the actual price etc was?
As I read it, looks like there was a SELL signal on Oct 2-3 around 125 for about 25% profit, then another buy signal yesterday at about 141 -- is that correct?? MACD is also crossing up which would add confidence for me...
http://bitcoincharts.com/charts/mtgoxUSD#rg90za1gEMAzm1g10za2gEMAzm2g21zxzi1gMACDzl
As I read it, looks like there was a SELL signal on Oct 2-3 around 125 for about 25% profit, then another buy signal yesterday at about 141 -- is that correct?? MACD is also crossing up which would add confidence for me...
http://bitcoincharts.com/charts/mtgoxUSD#rg90za1gEMAzm1g10za2gEMAzm2g21zxzi1gMACDzl
is it just me or the program is not working? One thing I notice the charts aren't displaying at bitcoins charts. At least for me anyhow
I guess that SR (the very "Bitcoin killer app") being raided by the feds screws up pretty much everything in the Bitcoin ecosystem... Including TA, EMA crossovers and such :D
There's actually an easy solution to that: just don't trade while that's the case :D
I know this will sound a bit dumb, but that principle (trade if you're certain, don't trade otherwise) never occured to me until lucif/masterluc mentioned it at some point.
Sure, the problem then becomes "how do you know if you're certain or not), but for example right now, I wouldn't use the crossover signals from a daily method, because they're almost certainly going to be lagging behind.
is it just me or the program is not working? One thing I notice the charts aren't displaying at bitcoins charts. At least for me anyhow
I guess that SR (the very "Bitcoin killer app") being raided by the feds screws up pretty much everything in the Bitcoin ecosystem... Including TA, EMA crossovers and such
is it just me or the program is not working? One thing I notice the charts aren't displaying at bitcoins charts. At least for me anyhow
screenshot: http://screencast.com/t/kfPhjAAHNc
screenshot: http://screencast.com/t/kfPhjAAHNc
We're 9 days into a trend and daily traders are sitting on an unrealized profit of around 10.5%. As always, these profits should be viewed with skepticism in that price erosion is entirely possible.
The trend has continued its march upwards. Unrealized profit is around 48% on open positions. As always, be skeptical of profits - "The trend is your friend until the bend at the end".
AHHHH - THANK YOU - I've been trying to figure out this strategy and these 3 sentences answered my question - something I've been trying to answer for 2 days!
Definitely, glad to hear that it has 'clicked'.
Best of luck with your trading
Hi all, Goomboo here!
......
I trade a 10 and 21 exponential moving average crossover. When the 10 crosses over the 21, I buy. When the 10 crosses under the 21, I sell or sell short.
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I trade a 10 and 21 exponential moving average crossover. When the 10 crosses over the 21, I buy. When the 10 crosses under the 21, I sell or sell short.
........
AHHHH - THANK YOU - I've been trying to figure out this strategy and these 3 sentences answered my question - something I've been trying to answer for 2 days!
Thanks
This article is a great analysis
This article is a great analysis
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