pharley, thanks for sharing. Your method is simple and rational, both of which is very important. It would be nice to have an explorer, or at least some live calls so that the interested people can learn the method in real time. Cheers, k

Support and Resistance Method - Pharley

Thanks, sisse. Good luck to you as well. k

The Really Useless Thread

For what is worth I agree. I expect dollar weakening for ~2 weeks in some other instruments other than e/u, but it is imho actually likely that it happens across the board. I think the seniors/pros here have an opposite opinion though and they do ...

The Really Useless Thread

Can you show the screenshot of the problem and I can take a look? k

Standard deviation close to close: need zero divide correction

Please note that the percentage of retail/uncorrelated/uninformed shorts increases by the minute, despite the price going up... k

The Really Useless Thread

If.

90% of traders fail...

OK, so far so good. I have managed to connect to my existing live Oanda account through the Trade Interceptor (one needs to contact the Oanda people and then the TI people if you want to connect to an already existing account). I managed to trade a ...

Trade Interceptor app for live trading

Since this is a Rookie Talk section just a serious warning: adding to the losing trades is a recipe for account destruction. Better to be stopped out with a small (but survivable loss). Do add to the winning trades! Have a bigger bet going when you ...

90% of traders fail...

k P.S. To save the time of possibly interested parties: I googled this, and found that the excerpt is from a book titled "Wall Street Speculation: Its Tricks and Its Tragedies" by Franklin C. Keyes.

90% of traders fail...

It's a Friday anyway, end of the month, best to stay away from trading... k

Discovering An Edge

I don't think efficient=recurrent. Actually, if you would know that the market is often recurrent, and would believe that the market is efficient, you would be better off not telling about recurrence to anybody. The reason is that the efficient ...

Markets & price are very efficient - makes it easier to profit?

A superoptimistic attempt of cycle projection for wheat futures. Sharp growth till ~5.7$, then choppy action reaching 6$ on ~7th of August, maximum at ~6.25$, cca 11th of August, finally a sharp drop to ~5.125$, cca 21st of August. I am really ...

Discovering An Edge

Hey Vlad, thanks for the answer! I agree, some very smooth features in this program, and I've been using it for a while for charting. I just want to push the envelope now and switch to it completely, unless there would be some very weird experiences ...

Trade Interceptor app for live trading

Thanks for the detailed answer. Another question I had was about the instrument vs. session. You are observing here EURUSD, and of course one would expect the European and American players to dominate, with Asians looking to grab the opportunity. I ...

Mass psychology in markets and psychological analysis

Hi tunera, Thank for starting this thread. While this is all very interesting and enlightening, a real test of this approach would be to try to predict the market participants' behaviour in the following session. One way of testing would be to ...

Mass psychology in markets and psychological analysis

I think this move could be ending. Now the trendline in wheat seems to be reached, as well as the round number, so perhaps a bounce is to be expected... k image

Discovering An Edge

Try this. I think the problem is in the definition of remaining_bars (line 49), which allowed to use the non-existing bars that probably end up with Close=0, and then division with it. k file

Standard deviation close to close: need zero divide correction

Update: lost some ice cream money. On the positive side, due to low risk, the explorer lost much less than most "rags 2" threads... Explorer killed. Need to rethink the strategy. k image

Rags to rags and ice cream

this week is not going well for this strategy. some possible improvements for the next week: a) use trailing stops to minimize losses, b) stop at yesterday's extremum instead of a fixed pip distance, c) better treatment of gbp and particularly usd. ...

Rags to rags and ice cream