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I'm in denial. To be honest - when I enter based on strict criteria utilizing patience and discipline based on a backtested methodology, it does not feel like gambling. Even if it's a loss. But I'm still prone to getting 'reckless' once in a while and at those times I totally feel like I'm...

So far, so good. I'll be a strong buyer @ 3250/3265 if we open in that area in RTH and price action confirms.

Did Rickshaw go AWOL again?

Incredibly, by end of last week the S&P closed lower 3 weeks in a row with the low later in the week. On this basis alone - the odds of a higher close next week is 78 %. Many of these weeks happened near market bottoms, though. If we filter based on the Week Low coming in at Friday and a close...

I think I ran a test on this too as there was a thread discussing this very article. I believe I came to similar conclusions as you.

Of course. Which does prove my point for a directional trader operating in a liquid market. My profitable long entry on a day trade may cross with the profitable exit of a long term trader. Equally, my long exit may cross with a profitable short term scalp from some other participant. A short...

I don't agree with that viewpoint. You only need profitable buy/sell signals. It would only be a direct competition if every participant had the same objectives, expectations and time frame (i.e., flat by end of day) from their trading operations in a given market. Particularly for a market...

Why do you need an advantage over other traders? Assuming a liquid market - you can buy and sell at will, yes?

Regular stops are market orders, i.e., executed at market. This means that if your stop order is triggered, but not executed due to a lack of liquidity, you can effectively end up in debt when the order is finally executed at a far worse price. One possible solution if this worries you is to...

Not the Order Flow Suite, though.

I think there are markets where adding to a winner generally works better than on ES.

Adding to a winner works well when the market is strongly trending and where you can add positions on subsequent signals in direction of your established position. For example: 1. Buy signal @ 09:35 - Long 1 unit 2. New buy signal @ 09:45 - Long 1 unit 3. New buy signal @ 09:50 - Long 1 unit...

Since it seems to be a hard point to grasp for some let me once again state that quants generally do not concern themselves with charts. The breakthrough described in the book was simply the result of increased granularity going from splitting the day into 30-minute intervals and going down to...

You’re making a silly argument and call people idiots when your naive reasoning is questioned. It really says a lot about your character and these last few posts of yours show you have a lot to learn still.

It's quite amusing that you want to close this argument regarding the simplicity of algorithms referencing Jim Simons and his Medallion Fund which most likely uses very complex math and strategies. I read the book and I agree it's a great read, but I don't believe there was any reference to...

Okay. It's possible that there are institutions that have algorithms that are based on price action and price patterns. To be honest, it's the first time I've heard of that. I'm sure most algorithms aren't chart based, though, and while the calculus may not be esoteric, there's certainly a...

How did you infer that I missed that point? I'm no expert on algorithms, but I'm quite sure they range from very, very basic to quite complex and elaborate. Some algorithms are HFT - others are not. The point I was making is merely what I'm repeating above which is that algorithms are as...

Not so sure about that to be honest. I think there's a very real possibillity that we put in the High for the year already. That's always smart.

Week Low in place - most likely. IMO. :)

I'm not sure it have anything to do with algorithms. I'm sure it's been like this forever. Besides, algorithms are as varied as everything else, so I don't think there's anything to generalize here.