Recent content by Aetey

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    Basic hedging question

    My base currency is the EUR. I plan on trading futures on CME which will of course expose me to currency risk. Am I right in assuming that I can eliminate the currency risk from my trades by shorting the USD when I take a long position in a commodity and by going long the USD while being...
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    Avoid positive slippage

    Before entering a trade I'd like to get confirmation by the market that it's headed in my direction. That's why I enter my trades with a stop-limit order that's placed in the direction of my trade. Example: let's say I identified a short trade; yesterday's close was 100. I'd then place a...
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    what's the common approach to develop an edge(if there is any)?

    In my definition an edge, if there is such a thing, is the combination of a lot of things: entry setups, profit targets, protective stops, trading opportunities and position sizing. Most importantly, you need a sound trading psychology. Don't make the mistake to suppose that once you found a...
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    Best Tech Analysis Software to use?

    Same here, I use MetaStock 11 EOD. It's a pretty mature package and provides most indicators out of the box. And setting up your own indicators is not that hard either, take a peek: http://www.equis.com/customer/resources/formulas/primer.aspx Customer support is pretty neat, too. A
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    If the odds are 50/50 why do most people lose ?

    [B] +1 It's your job to be in control of your position - do not let the market decide for you. React as soon as you see that your trade is not working out. A
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    If the odds are 50/50 why do most people lose ?

    @OT : If you want to take trading seriously, do not forget to include your expenses in your P&L calculations, i.e. the cost for your computer (has to be renewed every 4-5 years), data subscriptions, charting software costs, heck the list goes on and on. As stated above, trading is NOT a...
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    Market Psychology

    I'm currently reading Elder's Trading for a Living (again :eek: ) and yesterday I stumbled over his definition of the market: he claims, rightly so and in a nutshell, that the "market" is a huge bunch of people that follow a similar goal and that TA, in it's most simplistic form, is nothing more...
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    Protection against gaps

    I've been a lurker around here for some time now and I think it's about time I stepped forward and said hello. So there, hello board. :p I'm in the process of designing my first EOD trading system: so far it's results aren't exactly stellar (approx. 5% annualized profit for 2005-2009, 2010...
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