from Duma post # 6793
I am not posting too much these days because everyone knows how I am trading, so what's the point. The four main charts that I trade are in the iBox and I keep them pretty current. I have published the rules before and there is a summary of them on the charts. If anyone is interested or wants to get more information or needs helps in starting to trade the charts, I will be glad to help in public or private. My email address is in my profile.
I am not a big fan of the JAK60 charts, because they usually don't take full advantage of the gains of a swing. Phase 60 (P60) is my bread and butter for trades, the JAK's are just for a little added boast.
So trading P60 has brought gains of 25% YTD for SPY vs a market of 2.5%. IWM trading gains are 27% vs a market of 0%. This is far below what a good day trader can do, but far better than the market. IWM P60 has only had 14 trades YTD, so that is less than one per week. That is a pretty relaxed way to trade and still gain something above 1% a week or 50% a year. These yields assume trading with a leverage of one, so the yields can easily be goosed by trading higher leverage.
I am responding to a post that I wrote Jan 25th, 2015. I don't trade quite that aggressive anymore for shorts, but the basics have not really changed now for several years. If interested in seeing the old rules, just click on post that I am replying to.
