Reading all this and spending way too much time on a forum won't make you a better trader. regards daytrading

Advice Only. 1 Liners Concise.

Ian, very true. the clue lies in "many" - many (actually most) are doing it wrong. once you (or anyone for that matter) knows how to differentiate yourself, you've found your personal grail. regards daytrading

How I found what works for me

Ian, forget about the bars/candles - its the price that matters. The price does not care whether you are in china or london. Neither does the price care whether you take H1, weekly or daily candles to try and measure it. One thing is for sure ...

How I found what works for me

Leon, If you're serious about scalping, you need TT X-Trader (MD-Trader) plus CQG charting. Checkout TT's website and have a look at the flash presentation. www.tradingtechnologies.com regards daytrading

Pro-Scalpers?

Hi, Pardon the morbid analogy but emotions can be left at the door when trading. (like a government assassin - shoot when told by the system) First of all, you have to get through many, many trades - if you are always confronted with emotions before ...

emotions

Leon, hi - If you want to build something mechanical, you have to disign a frame work as I like to call it. It doesn't really matter what type of trading you're looking at - whether scalping, swing or mid-term. Anything beyond I rather call ...

What is Expectancy?

Hi, I understand your frustration. The reason for you not finding (m)any of the successful traders is that there are not many taking the time to post on a forum and further to that, if they do, they are not necessarily sharing their knowledge to the ...

Just basic question on trading successes

Hi, Your message is not very clear - even when I read between the lines. How can it be clear for beginners? Anyway, I can only say that when dispensing voluntary advice, it should be very concise - the fact that you give it for free does not exclude ...

actual backtesting

Hi, I have never heard so much BS in my entire career - and that amounts to almost 22 years in the market. First of all, non-discretionary methods or systems eliminate precisely the need to distinguish between as you put it valid set-ups and set-ups ...

actual backtesting

Hi, What you are experiencing is a normal "trade-off". Forget about the trade size or MM for a moment. There is a clear relationship between risk/reward and win/loss. The higher one, the lower the other. As an example, think about your trade ...

Question about reward:risk ratio

Hi, I am rather surprised to hear you say that "scalping" is getting more difficult in December. Can you explain in what terms or context please? I would say from experience that this type of strategy should be the least influenced by seasonal ...

Is December a bad month for trading?

Price and time are inextricably linked. The price cannot move without time passing - which in turn can produce some simple research. (I like capitalists approach) Wether one looks at tick data, or bars of any length, certain observations become the ...

It's All Noise - Right?

Not so. That is only the case if you want to exploit the daily trend. If it is your aim to exploit the 1sec trend, it makes no sense to look at the daily [chart/trend] and vice versa. Trend is independent of time frame; it is the movement of a ...

It's All Noise - Right?

I recognised a while ago the idea of 'be the casino' and make it so you mathematically CAN NOT loose, 'put the odds in ur favour and then just keep doing what ur doing'. I have been thinking about odds for a while, but something i seem to find that ...

What is Expectancy?

Hi, No, have not read any of the books you mentioned. Although what [you] said about logic and time comes closest to how I perceive the markets - any markets. I am not hoping to find any new insights [and I don't need to] - not after over 20 years ...

We're all saying the same thing

Gaston, you're probably not far off the truth here, haha. I usually don't post since I am extremely busy. The point I was trying to convey [in this thread] was linked to some question I can hardly remember - had something to do with an "edge" I ...

We're all saying the same thing

What is LIBOR? Libor stands for the London Interbank Offered Rate and is the rate of interest at which banks borrow funds from each other, in marketable size, in the London interbank market. What is BBA LIBOR? BBA LIBOR is the most widely used ...

"Fixings" what are they, what happens..?

We have been through that part during the thread. regards

We're all saying the same thing

No, the candles are only half as important as you may think. Choose a platform that suits you in terms of your location - daily candles are not so different from each other. The only candles with real visible diff. are 4H candles. The important part ...

Best Time Zone for Daily & 4Hr Candle Open (Support & Resistance)?

Hi, you're on the right track except that liquidity in the majors is highest during European/UK hours of business and then shifts to the US (with slightly lower liquidity). So, whatever platform[time] you use, it pays to trade during the hours ...

Best Time Zone for Daily & 4Hr Candle Open (Support & Resistance)?