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If i asked the question as to how you would know if you had an edge or not, what would you say? Could you define it? How specific can you be? Genuinely interested, since this is a question i often ponder.

Say eddie does 300 trades and makes a lotta money...should we then conclude he has a large edge?

Good advice.

Thanks for resurrecting this. Acrary's post relates to psychology. I'm gonna try it!

Al Brooks says that price bars are fractal across different time frames e.g. they are the same whether they be 5 second, 1 min , 1 hour, daily, weekly, monthly, yearly. I don't think i agree with this. At the smaller intraday times frames, the 5 sec, 1 minute etc, much of the price movement is...

I could make a good argument that most Mondays and Fridays should be avoided if you are day trading. Monday volume tends to be low, Friday often has economic report numbers that can cause unpredictable volatility.

Yes. There is a time to trade and also there are other times to avoid trading (NY lunch hour being one of them imo). Or trade lighter in certain times and trade heavier at other times (you can see that from volume). This all applies to longer term daily, weekly etc too.

I have enough money to buy you a pair of trousers so i must be lacking in the simplicity dept lol. Seriously, your graphic shows the information contained in a bar of data namely the open, close, high, low but just in a different way. It's like you dissected a price bar and looked at its...

nice...pair of trousers in the post, look out for them ;)

If you can simplify your English so that is understandable, now that would be the first thing to do. :D I think you are saying that you could show me something simple to make me money, but i will not be able to make use of it...is that correct?

Probably somewhere you should be...ah, the injustices of the world. I repeat, anyone interested in trend following (or just trading in general), just read Curtis Faith's The Way of the Turtle. Brilliant book, Van Tharp says it's one of the 5 best books on trading ever written. Probably about...

Fine. Please simplify trading for us and i will be happy to kick you in the ass. :D

Was gonna reply, but just a waste of time. Anyone interested in trend following (or just trading in general), just read Curtis Faith's The Way of the Turtle. Brilliant book, Van Tharp says it's one of the 5 best books on trading ever written. Probably about $10 on amazon. Please don't waste...

I'm well over half way through Al Brooks's course...giving it a break for the time being. Will resume watching his videos next week. Atm, he has given me plenty of food for thought in terms of technical analysis concepts and ideas that i will review this weekend.

V true. This is precisely why i don't understand those who operate from a 5 second bar chart lol.

http://www.zerohedge.com/news/2015-09-18/bank-england-economist-calls-cash-ban-urges-negative-rates http://www.telegraph.co.uk/finance/bank-of-england/11874061/Negative-interest-rates-could-be-necessary-to-protect-UK-economy-says-Bank-of-England-chief-economist.html

could of course look at standard deviations when talking about returns in casino games...but would avoid doing such calculations with regard to market trading on account of non normal distributions.

my comment re blackjack involved no counting...i was just playing basic strategy, i KNOW the casino has a long term 0.5% edge over me...point was that i was just lucky that i won after playing 300 hands...eddie is thinking if he does 300 trades and makes money, he must have an edge...

Yeah, i can't see a rate hike this year...basically the economy (both the US and rest of the world) just can't take it.

I'm short the ftse! It went to my target and then recovered...but i forgot to put my limit order in grrr...might have to leave the position over the weekend