Any Intraday System Trader In Bkk?

[ThaiGeared_HighThaied]

Hi,

I would like to meet up with traders in BKK, regradless of profitablity

and what products you trade or inactive currently (let's be friends at least).

I am trying to develop intraday Trading systems in TS any version

(or wealth-Lab), I am looking to get some advice if your trading is

mostly rule-based, quantifiable which can be backtested (less of

descretionary styles).

I'll be glad to share some strategies of mine too....Btw i got lot of

trading Cds, materials for swap if intersted.

Thanks

Edited April 13, 2005 by ThaiGeared_HighThaied

[Harmonica]

No. They are all dead!

But new victims will show up soon!

Be patient.

[ThaiGeared_HighThaied]

No. They are all dead! 

But new victims will show up soon!

Be patient. 

<{POST_SNAPBACK}>

Yes, Most will die within a year or two, because

they have urgency to make money, and haven't

figured out how fxxking tough is daytrading. It

might takes years to learn dynamic of the markets

I figured it out how hard it is and why it's so tough.

That is why i stopped trading, and spend time on

educating myself more than trading realtime

This is a business that Average traders "NEVER"

make money, even they make money geting lucky,

but how many times they get lucky, so eventuly

give it back, all what they have made to market later.

Ask most traders (80%):

I will give you 10 minutes, write down for me your

plans or trading method, and you will see all of them

are "trading on the fly", that means they don't have

any previously tested out method.

Edited April 15, 2005 by ThaiGeared_HighThaied

[ThaiGeared_HighThaied]

No. They are all dead! 

But new victims will show up soon!

Be patient. 

---------------------------------------------------------------------------

I think you are using metastock charting from what i saw

of your posted charts? if yes, Do you use its backtesting feature?

if yes,

Then i have some questions for you

Edited April 15, 2005 by ThaiGeared_HighThaied

[Harmonica]

No. They are all dead! 

But new victims will show up soon!

Be patient. 

---------------------------------------------------------------------------

I think you are using metastock charting from what i saw

of your posted charts? if yes, Do you use its backtesting feature?

if yes,

Then i have some questions for you

Yes I have used the Metastock backtesting feature -- this was during the time I was playing around and getting to know the various indicators that came with the software package.

It came in handy for testing trading systems, either existing or the ones I designed myself. But I abandoned all of this type of market play because these methods are too far removed from the action and too automatic to work consistently.

I have the entire package of Performance Systems from Equis/Reuters but after a week of checking it out, its been gathering dust. Waste of time and totally misleading and more importantly, it increases your chances of losing.

[ThaiGeared_HighThaied]

<<<< But I abandoned all of this type of market play because these methods are too far removed from the action and too automatic to work consistently>>>>>>

--------------------------------------------------------------------

-too far removed from the action

Do you mean they lag too much, to catch the moves leting profit get away

and gets you out too late when move went against you?

-too automatic to work consistently

Are you saying full automation wasn't possible. I have no experiance

with MS and it's scripting language, but i have heard from many

trading forums that it has so much limitation for building ATS.

I need to hear from any other system traders especialy those

creating systems in TS and WL developer.

What i need to know from you, is what kind of ideas you are

implimenting for intraday and scalping, and i can code them myself.

Edited April 15, 2005 by ThaiGeared_HighThaied

[Harmonica]

<<<< But I abandoned all of this type of market play because these methods are too far removed from the action and too automatic to work consistently>>>>>>

--------------------------------------------------------------------

-too far removed from the action

Do you mean they lag too much, to catch the moves leting profit get away

and gets you out too late when move went against you?

-too automatic to work consistently

Are you saying full automation wasn't possible. I have no experiance

with MS and it's scripting language, but i have heard from many

trading forums that it has so much limitation for building ATS.

I need to hear from any other system traders especialy those

creating systems in TS and WL developer.

What i need to know from you, is what kind of ideas you are

implimenting for intraday and scalping, and i can code them myself.

Too far removed from the action = too much lag .... yes!

Limitations? Agreed!

Intraday trading? I don't do it and if I find myself occasionally getting into it, I slap myself real hard and snap out of it!

Scalping? A Nasdaq scalper visited me from Seattle a few months ago -- his blood pressure was unrecordable and his hair was almost white and dry and I'm sure if I cut him open, I'd find that the walls of his heart were as thin as paper.

I've never known a scalper that won long-term!

I don't do it, never have done so and never will!

[ThaiGeared_HighThaied]

<<<< But I abandoned all of this type of market play because these methods are too far removed from the action and too automatic to work consistently>>>>>>

--------------------------------------------------------------------

-too far removed from the action

Do you mean they lag too much, to catch the moves leting profit get away

and gets you out too late when move went against you?

-too automatic to work consistently

Are you saying full automation wasn't possible. I have no experiance

with MS and it's scripting language, but i have heard from many

traders forums that it has so much limitation for building ATS.

I need to hear from any other system traders especialy those

creating systems in TS and WL developer.

What i need to know from you, is what kind of ideas you are

implimenting for intraday and scalping, and i can code them myself.

<{POST_SNAPBACK}>

Too far removed from the action = too much lag .... yes!

Limitations? Agreed!

Intraday trading? I don't do it and if I find myself occasionally getting into it, I slap myself real hard and snap out of it!

Scalping? A Nasdaq scalper visited me from Seattle a few months ago -- his blood pressure was unrecordable and his hair was almost white and dry and I'm sure if I cut him open, I'd find that the walls of his heart were as thin as paper.

I've never known a scalper that won long-term!

I don't do it, never have done so and never will!

<{POST_SNAPBACK}>

As a trader, you are required to be fimilier with every trading

style, and then choose which style and time frame suits you best.

Nasdaq scalper form Seattle proves nothing about scalping, infact

most Marketmaker, and big volume trader, and many successfull

trading make money just scalping.

Scalping agian has different styles (doesn't mean you have to be in

the market all the time, or random player) and you should have edge

within it like paying close to zero commision (is not very difficult to get)

and fast tick data feed for being ahead of others when Break O/D happens

or volitility increasing

Afterall i am also not big fan of scalping, because i don't have the required

egde for it AT PRESENT CONDITION.

Edited April 17, 2005 by ThaiGeared_HighThaied

[Harmonica]

<<<< But I abandoned all of this type of market play because these methods are too far removed from the action and too automatic to work consistently>>>>>>

--------------------------------------------------------------------

-too far removed from the action

Do you mean they lag too much, to catch the moves leting profit get away

and gets you out too late when move went against you?

-too automatic to work consistently

Are you saying full automation wasn't possible. I have no experiance

with MS and it's scripting language, but i have heard from many

traders forums that it has so much limitation for building ATS.

I need to hear from any other system traders especialy those

creating systems in TS and WL developer.

What i need to know from you, is what kind of ideas you are

implimenting for intraday and scalping, and i can code them myself.

Too far removed from the action = too much lag .... yes!

Limitations? Agreed!

Intraday trading? I don't do it and if I find myself occasionally getting into it, I slap myself real hard and snap out of it!

Scalping? A Nasdaq scalper visited me from Seattle a few months ago -- his blood pressure was unrecordable and his hair was almost white and dry and I'm sure if I cut him open, I'd find that the walls of his heart were as thin as paper.

I've never known a scalper that won long-term!

I don't do it, never have done so and never will!

As a trader, you are required to be fimilier with every trading

style, and then choose which style and time frame suits you best.

Nasdaq scalper form Seattle proves nothing about scalping, infact

most Marketmaker, and big volume trader, and many successfull

trading make money just scalping.

Scalping agian has different styles (doesn't mean you have to be in

the market all the time, or random player) and you should have edge

within it like paying close to zero commision (is not very difficult to get)

and fast tick data feed for being ahead of others when Break O/D happens

or volitility increasing

Afterall i am also not big fan of scalping, because i don't have the required

egde for it AT PRESENT CONDITION.

You are right about having to be familair with every trading style! I agree with you on this point.

The same techniques I use in the intermediate and medium terms also work in swing, 1-day, 4-hr, 2-hr, 1-hr, 30-min, 15-min & 1-min time intervals.

But its a question of application of the law of diminishing returns combined with maximizing output and minimizing risk.

After having considered these factors, the Intermediate and Medium-terms stand head and shoulders above any other term for the trader.

For the investor it is different because they tend to hold thru' Bear markets. I am not a subscriber to this form of self-inflicted abuse & torture.