What is your definition of random? If you think charts are chaotic then the market isn't random. Just look at how well strong levels of support and resistance forms and are respected with a high frequency. If the market would have been random strong ...

Do you believe this market is random?

I think traders are spending far too little time analyzing the market and most trade based on faith. Faith will not be giving you any profit if the strategy isn't statistical profitable. How can you know a trader makes money? If he has a profit ...

Do you think statistics work in trading?

Personally I have ~80% win rate with ~1:1 RR trading traditional patterns. Low-frequency trader. But I don't look for the completion of patterns. I usually take full profit at 1:1 RR even though the pattern is far from being completed. I also look ...

Do you think statistics work in trading?

What do you think of the statistics from this article? url Anyone knows where I can find other statistics for traditional patterns to compare the results?

Do you think statistics work in trading?

I didn't want to say in my post that small pin bars or fake outs aren't profitable. Just that they have high variance. At least for me. The high variance was one of the main things I quitted playing poker. I hated to go all in with AK or JJ even ...

james16 Chart Thread

Personally I have better results with breakout/continuation trading than with pin bars (especially small pin bars) and fake outs. Actually I don't even trade small pin bars or fake outs (I tried it on demo but the variance was big, many were winners ...

james16 Chart Thread

I also like to keep my TF's separate. Sometimes I may use a signal from a lower time frame but I prefer if I watch a daily PPZ to find a signal on daily as I feel it's lower probability if the signal is on lower TF's and the PPZ is not seen clearly ...

james16 Chart Thread

Mike, when you look for a break of the box do you trade inside bars when no outside bar forms? If price closes outside of the box and forms a bar with a strong close but it's not an outside bar and the next bar forms an inside bar with close also ...

james16 Chart Thread

Mike, what do you think about playing breakouts where no continuation outside bar forms? I'm speaking about trend line/pattern breakouts and PPZ breakouts. Why do we need an outside bar? I understand the theory behind pin bars and outside bars when ...

james16 Chart Thread

There are unbeatable games like roulette or other casino games. Unless you find a way to cheat you will lose money at every casino games. There are other games like poker where you can win because you're not playing against the house but against ...

james16 Chart Thread

1.6400 is an important PPZ that price respected a lot of times. I didn't take the trade because of that PPZ and I wanted the pin bar to be a little bigger. It can still work though. I think the path of least resistance is up. A better signal was ...

james16 Chart Thread

This pair is in a range. FTAs are everywhere. This doesn't mean you can't trade it if the location is good and the pin bar has a good size. I trade in the traffic if I like the size of the pin and location. This I think is marginal. The pin bar ...

james16 Chart Thread

Does anyone know if NYSE and Nasdaq have a limit up and limit down? If yes, what is the maximum gap the next day could have at open compared to the previous day's close? What % is the limit up and limit down?

Why the stock market is the easiest market to trade

I thought exchanges have limit up and limit down on stocks: url "In June 2012, the Securities Exchange Commission approved two proposals put forward by the national securities exchanges and FINRA to counter unprecedented volatility in individual ...

james16 Chart Thread

There are brokers with over 100 CFDs. For example GCI trading. I started to prefer shares over the forex due to the strong trends in some shares with no resistance in the left. You could simply buy the break of the last bullish bar and wait for ...

james16 Chart Thread

I'm not sure if it's good to use unstandard TF. I remember a Ghous post where he said he doesn't use unstandard TF because most traders don't watch them.

james16 Chart Thread

I have a question about equities. I trade leveraged CFDS usually the margin is 5% or 10%. I watch only weekly charts. If I buy CFD shares (stop loss is the size of a big weekly bar) and then the company is bankrupted can I lose a lot more than my ...

james16 Chart Thread

If you read other threads from FF you will see there are people who think this thread is a scam and j16 and the other traders from here are not winning. I think traders aren't making enough backtesting. I was entering at the market close until I ...

james16 Chart Thread

I don't think there are many profitable traders but if you're a winning trader I don't understand why would you be interested in other's results. I'm only interested in my results. I've backtested some methods on daily/weekly charts based on what I ...

james16 Chart Thread