Hi, Patience and readiness - that's all one needs. regards, daytrading

Psychological aspects of trading, tips...

Hi, That is a good observation. It shows the fluid concept of the market - its like a water spill. You knock over a glass of water and by watching it spread on the surface, you will never know precisely how far it will travel before it stops. You ...

Psychological aspects of trading, tips...

Hi, I think your first point is not entirely correct in terms of what you describe as "the big boys know". The reason we see retracements after (sometimes violent) breakouts, is that the levels which have been broken lead the price into areas where ...

Psychological aspects of trading, tips...

Hi, It largely depends on the market traded. Some markets which have a relatively small amount of participants and/or limited liquidity can be affected by a new method or system made public. In FX, the chances that a method stops working are quite ...

Can a system stop working when many people use it?

Hi, How can what you describe above be a system if you haven't figured out the average winning AND losing trade as well as the frequency of the losing vs the winning trades? If you would have done that to a degree which is essential to the ...

Trading Psychology: Mistakes in a Trading Environment

Hi, Well structured post - very insightful. In my experience (which is a mere 21 years) I would add that to achieve the psychological stability for trading, one has to get to know thyself and bring any type of trading method employed in tune. For ...

Trading Psychology: Mistakes in a Trading Environment

Hi, Although I don't live in the US (UK resident), I cannot see this leverage proposal going anywhere. It would simply be opposed by too many regulatory bodies as well as the lobby for broking firms since they are almost entirely linked with retail ...

Leverage in Jeopardy

Hi, SierraCharts CQG Bloomberg regards daytrading

Killer Charting Software. (I'm searching for replacement to eSignal)

Hi, I wouldn't look so much at the "math" when trading - or trying to explain market behaviour. (except your position size relative to capital and risk) When you decide to go swimming in the sea, you don't try to mathematically explain to the last ...

Thoughts on randomness and systems

Not really - the majority of ECN platform providers share the same major contributors...worldwide. That is why its called ECN - electronic communications network. If JPMorgan is the best offer for 5million all ecn's that use JPMorgan as part of ...

The One Nobody Talks About

Legal debate — Hi, I use Ecn's as well as retail brokerages (futures and cash). The scenario never occurred to me in 20 years. I do think though that if stops are used and the price in an extreme event (as described by the original poster) ...

The One Nobody Talks About

Reply — Test

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

Hi, It largely depends what you can handle. regards daytrading

What would you prefer - many or few trades !!!

Hi To me it seems a question of definition. At 22:40:31 your tick value is still the same - taking into account that the price at that point has moved 0.0002 and not 0.0001 like the rest in your table. So, for everyone: if you have a position of ...

a tick is not a pip in forex

Hi, Everything depends on the approach - whether live trading or back-testing. (unless you are trying to backtest a scalping model which most likely will not hold up in live trading) Otherwise, it is about the known parameters. The only real known ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

07, you are on the right track. regards daytrading

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

Concepts — Guys (and Girls): Without wishing to sound arrogant or patronizing, everything there is to know about the basics can be found in various threads/links to websites. The data I have supplied can be analyzed as to what position sizing ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

Hi 07 Read my post #51 regards daytrading

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

September, 1st until present. — You asked for the FS/ONS. I can only deliver the results from my own modified version (cut to intraday level trading but based on the same principles) On a different note: I have tested FS (without ONS) over and ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!

First Strike (modified vs.) — Hi, I read the thread and opinions/experiences vary about whether the methods are delivering what they say on the can. Personally, I was a little sceptical because as Tdion stated, there are some missing ...

First-Strike & One-Night-Stand users, show yourself and your mods, if you dare!!!