1) If I understand correctly, supercharts 4.0 can take a maximum of 200 indicators right? I will have to decide on my strategy and order it before tomorrow. I believe the lessons will be more effective as I spend time going through your examples on the CDs with the current commodities as to how they are acting out. I'm repeteadly going back to lesson 2 for the pl lines since it appears that the only way to get them in my gut is repetition, repetition, repetition.
G.K.
Understanding and Strategy
Re: Understanding and Strategy
===sounds right, don't have SuperCharts here to check...
==try flash cards, as recommended...
==try flash cards, as recommended...
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Trader Question
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Re: Understanding and Strategy
2)For your own trading, if you were to study TBonds today for tomorrow's action for example, how long does it take you to analyze the whole Drummond geometry concept as to your potential game plan tomorrow?
G.K.
G.K.
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Trader Question
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Re: Understanding and Strategy
3)This is not urgent, but for the PL Charting concept, Can you, please, find out from Charlie, as to the CURRENT margin he uses on a day-to-day basis for the following commodities please?
Can Dollars
British Pound
Japanese Yen
S&P 500 emini
S&P 500
Nasdaq emini
Heating Oil
Coffee
Cocoa
Sugar
Cotton
Soybeans
Wheat
Bean oil
Bean Meal
G.K.
Can Dollars
British Pound
Japanese Yen
S&P 500 emini
S&P 500
Nasdaq emini
Heating Oil
Coffee
Cocoa
Sugar
Cotton
Soybeans
Wheat
Bean oil
Bean Meal
G.K.
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Trader Question
- Posts: 709
- Joined: Thu Oct 09, 2008 7:31 am
Re: Understanding and Strategy
I know it's an elemetary question but I really want to scratch and learn every ounce of knowledge I can learn from him and yourself.
Thank you in advance
gk
Thank you in advance
gk
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Trader Question
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- Joined: Thu Oct 09, 2008 7:31 am
Re: Understanding and Strategy
I remember by heart what the required and maintenance margins are on CME/CBOT/NYMEX/etc. I was not asking that.
You say in in lesson one that you recommend 10k per contract for Bonds. Per the book How to make.. Charlie traded one contract of silver for 3400 bucks although that was so long ago. Based on the same lines, for PL, can you tell me what he recommends these days to those commodities I listed strictly speaking from the P&L concept, or what kind of a margin he uses. Or to put it simply, what's Charlie's rule of thumb per contract for any commodity? More importantly, he also mentions not to trade more than 35% of the total account value at any time. Is that number the same, is it more conservative?
Thanks
gk
You say in in lesson one that you recommend 10k per contract for Bonds. Per the book How to make.. Charlie traded one contract of silver for 3400 bucks although that was so long ago. Based on the same lines, for PL, can you tell me what he recommends these days to those commodities I listed strictly speaking from the P&L concept, or what kind of a margin he uses. Or to put it simply, what's Charlie's rule of thumb per contract for any commodity? More importantly, he also mentions not to trade more than 35% of the total account value at any time. Is that number the same, is it more conservative?
Thanks
gk
Re: Understanding and Strategy
Those are good guidelines. Don't mess with more than 30% of your net worth.
Don't put more than 30% of that in margin commitments at any one time. Limit your risk to 2% or so of any single trade. More complete discussion of margins, money management, etc, contained in Lesson 29.
Don't put more than 30% of that in margin commitments at any one time. Limit your risk to 2% or so of any single trade. More complete discussion of margins, money management, etc, contained in Lesson 29.
Re: Understanding and Strategy
if you were to study TBonds today for tomorrow's action for example, how long does it take you to analyze the whole Drummond geometry concept as to your potential game plan tomorrow?