Next Set of Trading Signals and Models for Emini and Forex
Just an update on where things are in terms of site development at this point in time.
It’s been couple of months since I started my coaching / mentoring service. To call this two months hectic is an understatement. I ended up spending at least double the amount of time I planned to. I have to say I enjoy it much as I get to see positive changes happening to these traders.
That’s the reason I am running out of time to write articles since my schedule was all messed up. As I learn my ropes in managing my time on the coaching side, things will get back to normal.
On the development side of trading signals, I have many requests for recent trades and performance of the the trading signals to be posted on the site. It is a reasonable request but it also takes a lot of changes to the existing designs to automate the process. I still haven’t make up my mind on whether going all automated or just doing some kind of manual posting monthly.
The trouble with performance reporting is that the biases and models I published are created with customization in mind. The traders can learn about the biases and understand the risk profile of the models and adapt them to fit their personal trading styles. If I publish the recent trades and performance, which versions of them that I should go with?
The posting of these reports could be more confusing than not.
On the other front, next step of my plan is to release my trading signals and models based on custom tick indices. This set of models are very different from whatever I have posted so far on the site. They are heavily intraday focus and exploit smaller timeframe biases.
And I have not forgotten about forex. If all goes well, will release several intraday swing plays on the majors. They are long delayed and I feel bad about it because I promised last year to roll things out quickly.
Now that I am settling down with my new routines and schedules, I think I can manage the long list of things that has to be done. My goal is to accomplish as much as possible this quarter. This will keep me very busy for sure.
I’d love see the historical signals that has triggered. There is no way to see it at this point. In terms of performance, I see your point with the various versions. There are various signals triggered and they can contradict each other. Since in daytrading we deal with cognitive dissonance and host of all other biases that drive our trading decisions, it hard to to decide what is the true performance. Ultimately we have to deal with our biases and trade best to our ability by being extra cognizant of context.
one reason for making the historical charts tool available is to explore new ways to present the trading setups.
we are still toying with the idea – just like what google does on the side projects. =)