The way I read the market is that it can be in uptrend downtrend range and I have exact definitions for those, eliminating discretion. In my model DAX had already entered a range before the push up to 12345. In the absence of contradicting evidence ...

The Trader's Academy - by Traders for Traders

Trend can mean many things, and if you keep track of trends on more than one scale, then you may be able to pick some good CT trades. For example, take a look at the 1 minute DAX chart below from this morning. Indicators are a 3 ATR Keltner channel ...

The Trader's Academy - by Traders for Traders

Well, people who do counter-trend trading successfully report high win-rate and low reward-to-risk ratio. Then calculate your Kelly ratio and realise that you can take quite big bets when trading counter-trend, based on the very high win-rate - so ...

The Trader's Academy - by Traders for Traders

Well said I think such behaviour mostly comes from some form of loss aversion - thinking that if I pick the top or bottom I'll be safe from whipsaws. While one may get such a strategy to work with some effort, it clearly isn't optimal for ...

The Trader's Academy - by Traders for Traders

To me it sounds like you're asking all the wrong questions. Shouldn't you rather ask what you can learn from your current predicament and challenges? Your challenges won't go away until you have learnt what they want to teach you.

Do you find it hard to stay motivated?

On doit agir en conformité avec la situation qu’on occupe, avec la réputation qu’on s’est acquise.

Pivot Trading

There's some information missing to give a well-founded answer - for example, what kind of returns your strategy generates. If, for example, it's a day trading strategy and you clip 50% almost every week, then 20% is ok. If, on the other hand, you ...

How much drawdown can you tolerate?

Exactly. Thank you for stating the obvious As a token of appreciation, here's a post with an outline of the principles of how I trade: url

Putting a Gun to your Head - 1 Piece of Trading Advice

I have a question - why the sarcasm?

Putting a Gun to your Head - 1 Piece of Trading Advice

Do you have a question, or would you just like to put what I've said in doubt?

Putting a Gun to your Head - 1 Piece of Trading Advice

Thanks. Off-topic, for sure. Trading is my only source of income, and has been so for years. Why come here? Good question. Mostly just an outlet for a social need, perhaps. There are the times when the market isn't that active. But then I do want to ...

Putting a Gun to your Head - 1 Piece of Trading Advice

I am speaking from experience, not assumptions

Putting a Gun to your Head - 1 Piece of Trading Advice

There's a lot to learn, but 95% of it is not relevant to the retail trader. The only thing worth learning about is VWAP and how the basic algos based on that work. So, yes, I largely disagree, at least in the context of this thread. Disagree. The ...

Putting a Gun to your Head - 1 Piece of Trading Advice

Not quite right, is it? There's a big difference between hedge funds and retail traders - account size. The hedge fund has to trade bigger size to get decent returns, and cannot enter and exit positions in an instant, due to size - as opposed to the ...

Putting a Gun to your Head - 1 Piece of Trading Advice

Be very patient, and follow, don't anticipate - in other words, wait until the direction is clear, and jump on at a low risk point. Then codify that into a number of setups with clearly defined entry triggers.

Putting a Gun to your Head - 1 Piece of Trading Advice

I have to say that I don't give much for the reasoning, or rather lack thereof, in the Lien-Schlossberg article referred to. While it is more than understandable that you needed to keep tight control of risk when starting out with a small account, ...

The Trader's Academy - by Traders for Traders

Globex url

Carpe diem: Intraday tactics for Dax and Dow

So we're referring to different closes/times... ETH and Globex are different.

Carpe diem: Intraday tactics for Dax and Dow

Isn't it ETH close at 23.00 Amsterdam time = 4pm Chicago?

Carpe diem: Intraday tactics for Dax and Dow