In any case, I'm opting out of this discourse. Apologies for wasted time, and best of luck to you.

Call me Vidvad - I day trade futures

Look, I have no accountability towards you. If you don't believe me, don't. And best of luck on your journey

Call me Vidvad - I day trade futures

In 2007 I traded an fx options strategy that hasn't worked since. In 2008-9 I traded a spot fx strategy that no longer works, and from late 2009 until early 2011 I traded a EURUSD strategy that hasn't worked since. All of this because the markets in ...

Call me Vidvad - I day trade futures

You said this: Which seems to be a consequence of the belief that price action edges last forever and can be traded mechanically as such.

Call me Vidvad - I day trade futures

Hi Vidvad, I am glad that you are taking my little provocation in the right spirit. Still, we may have some question marks to straighten out. Do you really believe that all price action edges last forever and can be traded mechanically as such? If ...

Call me Vidvad - I day trade futures

The problem with the roulette epiphany is that, unlike the casino, in the markets the probabilities are not serially uncorrelated. What does that mean? It means that every edge will stop working sooner or later. More than once I've developed edges ...

Call me Vidvad - I day trade futures

Hi Rick, Thank you for thoughtful and helpful reply. When I made that quote, I didn't mean to suggest any particular answer to or interpretation of it. To me the 'every fiber of your being' part suggests that deep reflection is required, and that ...

Call me Vidvad - I day trade futures

To me the juice of the book is the first half. Once it becomes how-to....well I never related to that either. And perhaps I like the first chapter after the intro stuff the most, i.e. the one entitled Taking Responsibility, with memorable words such ...

Call me Vidvad - I day trade futures

Agreed, but consider the fact that the roulette epiphany (or thinking in probabilities as Mark Douglas puts it) doesn't appear until after more than halfway through Trading in the Zone, while the first half of the book could be said to lay the ...

Call me Vidvad - I day trade futures

Yes, but perhaps we should keep in mind that learning to stick to a trading plan is the beginning of trader development, not the end? Mark Douglas, for example, divided trader development in to three stages: mechanical, subjective, and intuitive. ...

Call me Vidvad - I day trade futures

Yes, good conversation here, thanks to Vidvad keeping the the focus on his "roulette epiphany". Having slept on things, I think of it like this: Developing or choosing a trading strategy is primarily a task for the faculties of the mind - reason, ...

Call me Vidvad - I day trade futures

Yes, absolutely, but that leaves a couple of questions to be answered: How do you find and validate a strategy that lives up to this? This website seems to be full of people trying to do just that but with little success. Is one week of practice ...

Call me Vidvad - I day trade futures

Vidvad, I totally agree with you on confidence vs humility. A friend of mine wrote his Masters dissertation on the the perils of overconfidence in trading, and then he went on to trade full-time right after school and is still at it. Confidence goes ...

Call me Vidvad - I day trade futures

An alternative: I just asked ChatGPT the following: Interesting...try it...result attached.

(binned per thread starter’s request) Trading with the DTosc Indi

Excellent advice in relation to what you said earlier about trading education, i.e. asking the learner to master a given strategy, instead of the much harder task of developing a solid strategy on their own.

Call me Vidvad - I day trade futures

This one might do the trick for NT!? url

(binned per thread starter’s request) Trading with the DTosc Indi

Thank you for interesting discussion. This is just to point out for any Tradovate users here that the Stochastic RSI contributed by LDT is in fact the DT Osc or, as LDT puts it, "supports multiple moving average types." Here 15m Bitcoin with 13, 8, ...

(binned per thread starter’s request) Trading with the DTosc Indi

Indeed, there's no shortage of working strategies. For example the one in the video below. For manual trading I'd suggest an EMA100/5ATR channel for targets, so effectively a channel trading strategy. Works well for NQ/MNQ, but for the cash session ...

Call me Vidvad - I day trade futures

If you have an edge in roulette, every once in a while you win really big, and that's what makes you have an edge. Similarly in trading, if you have an edge you should have one or two days a week, at least, when you win really big. So that's what ...

Call me Vidvad - I day trade futures

Sounds good. Just remember that the roulette groove is a losing one unless you have an edge.

Call me Vidvad - I day trade futures