That is patently false. You just haven't traded long enough. Markets do change behaviour, and a key trading skill is the ability to develop and adjust a strategy to fit with the changing markets. That is why it is less than helpful to buy a ...

whether to change the trading strategy from time to time?

Hi Doc, here's one option: url

Islander and Medici trade the European open

Here's more food for thought, then. Below 30 sec charts of yesterday's action in DAX and DJI, with the Relative ATR (ATR divided by price multiplied by 1000). As evident from the charts, DAX is noisier than DJI, and a comfortable 15 point stop in ...

Islander and Medici trade the European open

Agreed, but what is needed? That depends on noise vs information in the market. One way of exploring that is by either range bars or the Zig-Zag indicator. For DAX, most of the time a 10 point stop is sufficient (I've tried tighter for a long time, ...

Islander and Medici trade the European open

Thank you, and as a means of reconciliation, here's the 16175 level explained in a chart. Note that when I say support/resistance it is in terms of daily closes, not the level being obeyed to the tick. I hope this makes it glaringly obvious

The Trader's Academy - by Traders for Traders

Thank you. Not in the slightest out to prove my worth. I've been away from forums for years because of the ego battles that inevitably occur. It may be my misunderstanding, but this morning I found my suggested level rather harshly dismissed. As I ...

The Trader's Academy - by Traders for Traders

That would mean a rather lengthy essay. Thousands of words. This is not the place, and I did provide a link for the curious and open-minded. I'm not denying that suitably chosen MAs can have predictive value. Of course they can. Causality is a ...

The Trader's Academy - by Traders for Traders

How can you make such claims? Is it your way or no way? What you don't understand is wrong or random? I beg to differ.

The Trader's Academy - by Traders for Traders

May seem random to you, but it isn't to me. Our experience differs. The basics of trading from levels can be found here: url And it's the way the market works - by limit orders triggered at VWAP levels and horizontal levels. Both have an objective ...

The Trader's Academy - by Traders for Traders

You said I could be equally verbose and explanatory and say - it's the 16175 level. In other words, I think we're both relying on unspoken experience and insight.

The Trader's Academy - by Traders for Traders

Same goes for your/any MA.

The Trader's Academy - by Traders for Traders

Here's another perspective.

The Trader's Academy - by Traders for Traders

Don't know if anybody read Part One, but here are parts two and three of the interview with a quantitative portfolio manager: url url

The Trader's Academy - by Traders for Traders

Thank you for clarifying that I have the deepest respect for what you are doing, and how you are doing it, and I had absolutely no intention to question that. What got to me was the statement As this is a thread with an educational ...

The Trader's Academy - by Traders for Traders

I have a question about the following, which puzzles me. Have you tested Bollinger bands on all relevant time frames (1 minute to 5 second), and period lengths, as actually being relevant for stop levels? It is easy to tweak TF and period length to ...

The Trader's Academy - by Traders for Traders

Ah, I'm delighted we finally understand each other We'll have to arrange something in due course

The Trader's Academy - by Traders for Traders

Apologies. That was not at all how it was meant. More than anything I was saddened by what sounded like low thoughts and feelings about yourself and your life. I may be completely mistaken, but that's what I noticed. As Ayn Rand put it in the ...

The Trader's Academy - by Traders for Traders

Yet, in most cultures of the world, there are stories and myths about our lives, where we follow a hero through transformational challenges towards achievement. And many of us do not feel diminished by the vast universe at all, such as, for example, ...

The Trader's Academy - by Traders for Traders

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The Trader's Academy - by Traders for Traders

ProRealTime - a charting package.

Islander and Medici trade the European open