Recent content by oshjdf

Does the methodology work on multiple instruments? Anyway, what instrument do you trade? Day trading system usually have more rules than swing trading system if the base/origin of the system is swing trading. What I have found so far, if the trading system origin is day trading, it usually...

The simpler the trading system, the robust it is. The problem is how to draw a line between simple and complex. How many max rules to define the trading system is simple enough? What I have found useful is robustness test because there is no clear line between simple and complex. Another test...

Weekly is better because your technical may coincidentally align with fundamentals without using fundamentals at all. However, you should be afraid the robustness of your trading system using weekly timeframe if it doesn't have edge in other timeframes. Try search robustness test (upper and...

For the time being, I suggest you to exit on that 3-minute timer. I suggest to investigate usage of different trailing exits once that 3-minute timer hit. I use trailing exits once price move on my direction. Using time-based exit cause -ve expectancy for those affected positions in my...

If there are any alien day traders, they're the ones who capable to interpret those fundamentals data (inventory, interest rates, import/export/sanction, geopolitics, etc). They increase risk per trade when the fundamentals/catalyst align with their technicals, increase price target than usual...

I'm not sure where do I fall. I believe the only accurate benchmark to measure a trader is net profit and loss. Another belief of mine is, assume two traders run a similar trading system (got +ve expectancy), the trader who has lower profit may have lack understanding of the system or...

It depends on how you entry. If you entry using limit order, then back testing is quite reliable; full fill if price move 1 tick beyond your limit order. If you entry using stop market, stop limit or market order, only forward testing can give you the reliable result.

Most people who have failed in this endeavor have never personally met traders who have made it in real life. Some people have made it without ever personally met traders who have made it in real life. Only people who have made it understand how hard it is.

Cost of entry for trading regardless of day/swing trading is low. The number of people who have edge is low. The size of the edge and significant capital + savings are required to make a living from trading. It's not a surprise most people have failed to become a profitable trader, let alone...

On a frame (time-based/data-based), price is alternating between trending and ranging. Ranging can only be known only after it happen. The only way, in my experience, to detect potential ranging will happen is divergence in oscillator indicator. Price movement is fractal. Price can be ranging...

Are we a twin? Anyway, the reasons I stick to Ninja for execution are I can save different templates for ATM and copy trading to multiple brokers. If TV has these features, Ninja is death.

The boredom is not comprehensible to anyone that have never done it. Your free time is spent to back test, generate ideas (raw from data, books, articles, etc), etc to improve/build a trading system. At one point, you may feel burnout and not doing anything related to trading except trading the...

If not mistaken, Dan Zanger used chart pattern. I have not read Larry's methodology. Anyway, in regards to charting, high probability the edge is not robust. It works best on a market condition.

I seriously don't know how to respond how to not losing money if what you meant is per trade. Trading is game of numbers. If you have edge and execute large number of trades according to your playbook, your edge will show itself. The result of a trade is meaningless. The hardest part is not...

What I have found day trading purely chart based on my own stats and few traders I personally know. Futures and forex only. 1. The methodology works on multiple instruments (unless the instrument has unique characteristics like session break) 2. Win rate >= 50% 3. Reward-to-risk ratio per trade...