You 2 seem to be in agreement on about 98% of this, with the discussion being how to label or view the markets in times when it is ranging, bracketing, drifting, whatever someone wants to call it. I've often thought about the currency pairs in terms ...

The brutal truth of day trading

Okay, I've strung this along for one too many posts, at least. Debt liquidity is the amount of cash that is required to settle short term obligations, and is measured by businesses to determine if their short term cash and near cash positions can ...

The brutal truth of day trading

Peter, in responding to my question, you have written down lots of words, made lots of observations, and brought up lots of facts. Unfortunately, most of your response does not relate to the issue you raise and the question I asked about that issue. ...

The brutal truth of day trading

No, that is not what I asked, because it is not what you said. You linked a banks debt liquidity to the volume data that RickM uses to trade. Not banking liquidity. Not the data a day trader uses to trade. Not banking liquidity and not unspecified ...

The brutal truth of day trading

With all due respect... As you stated in a previous post, it is important to consider context, foresight, implications, etc. The context of your use of the term debt liquidity was in the banking industry, where debt liquidity has a very specific ...

The brutal truth of day trading

As I understand it, RickM tracks liquidity in the forex market as he considers his trading opportunities. Here, you seem to suggest that a bank's debt liquidity plays a roll in the banks forex trading operations, and by extension, into the liquidity ...

The brutal truth of day trading

Actually a few traders in the group are from London. Really smart guys. As for Chicago, I sold my shares in the business to my partners a few years ago and moved to Scottsdale, AZ., where I spend most of the year now. But Chicago is a trading city. ...

The brutal truth of day trading

I belong to a trading group with over 100 professional traders, and I have a personal relationship with nearly all of them. In addition, I owned a consulting firm in Chicago. We had relationships with the CBOT, several large US banks, the Chicago ...

The brutal truth of day trading

I agree with you, RickM. Assuming this thread doesn't die, planning and execution should be discussed in greater detail.

The brutal truth of day trading

Okay, I don't really know, even approximately, how many people lose and win in the forex. The exact number is irrelevant. I think it's safe to assume that a lot more lose than gain. I offered up this topic, and I will kick it off with the following: ...

The brutal truth of day trading

This thread seems to be meandering a bit. I've been thinking of a way to turn brutal truths into learning experiences. For example, everyone who trades will experience losses. That's a brutal truth. But, from this truth, flows another brutal truth: ...

The brutal truth of day trading

I think being a good father and husband is significant, but not in context to trading the forex. The thread is directed at the brutal truth, not sugar-coated truth, about day trading the forex. And I agree with you that success comes in many forms, ...

The brutal truth of day trading

PeterCaleb is exactly right. Most of those who will fail/are failing/have failed at forex trading have never really succeeded at anything significant in their lives. That's not to say they are bad people. Most who try forex trading, at some point ...

The brutal truth of day trading

I've been following the new thread and came across this post. It got me thinking. Levels, math, FA, TA, etc mean nothing if you don't have a plan. I took a few minutes to review my GA plan from March 9, the day I posted my GA levels on the Real vs ...

Flying Dutchman

I want to add one more thing prior to close. I thought this was an interesting post. And the ideas were interesting. I'm surprised you guys didn't seize the opportunity to take this apart. What I got out of this post is the following: Start with ...

Real or Algo

I guess we've failed you...it not you, it's us! I'm not exactly sure which three pairs you are talking about. Let me pull back a bit, and please don't be offended if this is too basic. Three of the majors make up nearly 50% of all trading: E$, G$, ...

Real or Algo

I won't hang around for that one.

Real or Algo

Look at this! No longer in jail! I have been a defender of the real side in this discussion on "Real vs Algo". Apparently, those of us on Team Real are responsible for defending FA, TA, and PA. I'm a believer in the following: "Those who can, do. ...

Real or Algo

I can't decide if this thread has become comical or simply sad. You are asking this question again with all the charts? REALLY? We've been over this, yet it still seems to amaze and/or confound you? Also, has to subject matter now changed? Is the ...

Real or Algo

I think this is an important point. As a member of Team Real, this might be a good time to explain why I am so certain of my facts and position on this topic. Like BW, I have an educational background in finance. I got my Masters degree in ...

Real or Algo