Let's keep this between us as it may upset some. Those of us who have worked hard to achieve competence actually enjoy trading...yep, enjoy. We speculators are capitalists, in fact we operate at ground zero of capitalism. Our role, collectively is to make markets and provide liquidity. By doing...
I've done the same thing for years and have posted many examples. I suppose that's why I think folks know what I am referring to, anyway there ya go sys
13.5 refers to my largest of three time frames, the 13,500 tick. All my trades are variations of a pullback strategy which are called 930's as the close is over/below the 9ema with the 9ema over the 30wma for longs and vice versa with filters across the three tf's. They can occor an any of the...
The issue may be the posters understanding of the word scalp. To most traders, it refers to clipping one to a small handful of ticks on a futures or cents on a stock. Trying to do that on a five minute chart would be like trying to saw wood with a hammer.
Yep, forward testing is real but I would advise a beginner to test strategies on a good simulation platform as you WILL lose money early on. It's up to the beginner whether that loss is real or monopoly money. Trading sim is not the same as using real money but if you can't make "money" in sim...
There ya have it folks, bozo888's secret to success, Don't be disciplined, don't manage risk, lose big when you can lose small and vice versa. Be a mindless troll like bozo and start picking out your Lambo color.
I've taken a number of statistics courses through graduate leval and have designed and conduced my share of hypothetical studies. Read El Ocho Cinco's post...slowly.
Anything is "virtually impossible" if you don't know how to do it and most will not do what it takes to be able to day trade. But hey, it doesn't take much to deduce that something is "virtually impossible". Studies like this don't even know what the confounding variables are, no less understand...
I found the study of EW very interesting and really enjoyed the Prechter-Frost book. The problem with EW is it contains the need to be exact in wave counts and fib constraints. Fractal geometry was developed to approximate a mathematical description of an irregular surface. Price development...