On the coin flip thing Say you flip a coin 100 times and get 60 heads, 40 tails. Now given that the next and all other conflips probability is 50%, wouldn't that mean that the probabilty of the distribution is more likely to be in favour of heads ...

Extracted Thread (per thread starter's request)

Also In regards to this Capital is both an advantage and disadvantage. Depending on how you trade, trading less contracts can make a big positve difference to your return on capital. Some big short term traders are only limited on how much money ...

Your top 3 indicators

I've found lots of longer term traders will still watch time and sales when the market reaches the area they want to trade. I mean say you want to buy at 1.00 you could just place a limit order and be done with it or you could watch time and sales ...

Your top 3 indicators

Time, Ranges, estimated Volatility and Volume (i know that's 4, but some of them are kind of the same) Time being the times that your instrument moves the most, moves the least, trends the most, ranges the most etc Ranges, what are the average ...

Your top 3 indicators

Just wanted to requote this... At the end of the day, to me this is what trading is about, trying to find a way to not get caught in the middle Traders who are using the same methods (such as typical technical analysis on price history) will just be ...

Extracted Thread (per thread starter's request)

Sure, 9er's method may well prove to be profitable and he is putting everything out there so not a criticism of him at all. It just amazes me that the first few pages none of the posters mentioned the sample size and large loss versus average win, ...

The Student Handbook

Some random on the internet posts a massive 48 trade sample that has a trade with a loss 5 times larger than the average winner and the next few pages are "show me your magic system".... This is the reason so many people fail

The Student Handbook

What someone considers 'extensive' testing could be a pretty big factor in the results. One example, i would consider any test that assumes all time periods will have the same expected volatility and treats markets as such would be pretty shitty ...

Bollinger band trading

Just apply to prop trading firms

Trainee Trader job?

I don't believe your mistaken at all, i think you're one of the better and more informed posters on the forum, happy for any of my posts to be picked apart too I agree completely with using standard deviations and volatility to help determine ...

How to properly use Technical Analysis

Not implying this about you, but i think that one of the biggest downfalls with people's trading is their trying to avoid their stop being hit. If a short term trader is trying to catch some momentum for example, he could first work out the point ...

How to properly use Technical Analysis

I disagree with your post but I'm not going to waste my time or yours or any one elses by picking it apart. The point i'm trying to make is firstly, if someone wants a thread for "scalpers to share thoughts, ideas, and plays", they will have to ...

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

i'm going to leave your thread in peace. But the above is not scalping, it's making a trade a day and being profitable. If i make 100 trades a day for the spread can i call it swing trading as long as money is being made?

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

Exactly The definition of scalping can be pretty broad, but 30 minute charts, a couple of trades a day etc, "scalping"? What a joke

Scalpers Lounge: for scalpers to share thoughts, ideas, and plays

Open a futures account, the order books (or technically the time and sales) are real for all futures instruments. It's the executions that matter, not what is in the orderbook. For the most part big orders are not placed in the orderbook, they are ...

Market with order books available?

Any average scalper with a small account could do 20% easy

20% per month. Is this possible?

I believe to develop any system step one needs to be: - Find a way to distinguish between Trend/Range/Chop 'more often than not'

How do you develop a system?

I think the whole low risk, high reward thing is one of the reasons so many people fail. I don't know the exact maths, but the average losing streak you will have if you flip a coin 100 times is about 8 losses or something. You will find info if you ...

1:3 risk to reward 1M/5M system

I would argue that stop hunts are not dishonest anyway, the market is about providing liquidity to get everyones orders filled and "stop hunts" do precisely that. Also some people act as if the guys who put their stops around about the same place ...

Anyone see that stop removal last night?