I love this one. It's an outrageous idea. I can't decide if I wholeheartedly agree or think it's complete twaddle. Has your view of all the Market Wizards stories changed from your first reading?

The Ed Seykota Interview in "Market Wizards"

Ransquawk if you must hear it (free is 30 secs delayed). IFR if you don't.

Who knows voice news announcement

Pipmutt, by whatever definition you give him, he's just a successful trader who's prepared to show people how he does it, and explain his decision making process. At the risk of repeating Daytrading, Jacko's actual system has zero expectancy in ...

Forex Mentors - The Best Investment You Can Make?

Toshi, plenty more of that where it came from. Some of it's been quite enlightening, other stuff just confirms what you're bound to know if you're trading discretionary (the importance of midnight open for eg). I'd forgotten about goodthings too - ...

FX Statistics

I disagree with the one way JT - it depends on your size. Huge scale traders are trading on fundies because they absolutely have to. You can't work in multi billion pound positions without it moving the market, so you're looking at what moves the ...

Are the best systems also the systems that fail most spectacularly?

Good idea Toshi, about time something of substance materialised eh? Here's two to kick off with with EURUSD 1) Volatility (hourly h-l) throughout the day (GMT) 2) Time of max being hit & volatility combined 1) may not hold that many surprises, but 2 ...

FX Statistics

PP, news trading with Oanda, specifically, had its bubble burst, and Olsen stepped in and changed their business model. Even now, Oanda has the highest spreads at news time of all the retail brokers, far higher than ECNs and other NDD models. ...

(binned per thread starter's request) Behind Price-Orderflow

Porkpie: "To think this will change the dynamics of the market is ridiculous." Famous last words of the slew of news traders in Oanda a few years back Porkpie. Retailers acting in concert can and do affect the market you're trading in. I didn't PM ...

(binned per thread starter's request) Behind Price-Orderflow

DT, this hasn't been my experience at least in the discovery of an edge, only in the application of one. Now, out of thousands of systems, I would only classify three of mine having any worth, and they all share the same characteristic. You can ...

Long term Profits within Negative Expectancy

Perfectly put and all the maths in the world don't change the market structure and how price forms. If the market is random, then: - there is no link between where price is going and where price has been (ergo, there is no support and resistance) - ...

Long term Profits within Negative Expectancy

Glad you popped up. Since I wrote this, I've tested this in detail, and in short, despite it seeming sensible, mechanically, it doesn't work above anything other than around 0.5 pips, and at that level, my testing & data just isn't good enough to be ...

Price improvement strats with ECN

A) Faith. Faith deriving from: a) having created and tested it myself with all the blood sweat and tears that it involves, b) having not optimised it to death, c) seeing noone else publishing anything similar d) confidence I could actually do it e) ...

Long term Profits within Negative Expectancy

Liquidity problems - which is why when FXCM were looking for non-discretionary strategies with a good track record for their investment funds, they wouldn't accept any news strats because of the problems of scaling them up I presume. Interesting DT, ...

Long term Profits within Negative Expectancy

This thread is turning into one of the best on FF. Daytrading, of all the inefficiencies you capitalise on, do you choose the single most profitable or diversify your strategies? Is diversifying more profitable in the long run, or does it smooth out ...

Long term Profits within Negative Expectancy

Well yes, that's what he meant, of his customers. However, if you're a big broker, the more statistically relevant your dataset is. From memory too, the futures market has something like an 80% failure rate. Chicky, now that is interesting. Any ...

Congrats! You just joined 5% or less

Billbs, approx 80%, with 15% keeping their head above water according to my last broker at any rate. Retailers love ranges, inverse disposition and innapropriate variation of position sizing to name but three of their sins.

Congrats! You just joined 5% or less

How so Daytrading? Putting aside swaps and commissions, the motivation of its participants doesn't affect the reality (so some people are not trading for profit for eg). So how is this not zero sum?

Long term Profits within Negative Expectancy

As soon as this place starts filling up with posts like this, you know the market's about to go on a tear... Trading S&R bounces is good for ranging markets- ergo BRV's thread should do you. Pin bars (J16) at S/R too.

Range trading

Mark out your 00:00GMT on your chart because that's the open everyone else is looking at. In terms of patterns, it's only 4hr candles that'll look different - but - if you look closely, a pin bar is the same as long green and red bar next to each ...

Best Time format for Forex Charts

Agh, the irony! It was my thread on the same forum (look a few threads down) with the very same man that convinced me to look at it more closely. He still isn't an advocate mind but conceded that it might, possibly have something in it.

Systematic trading