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I am confused. To gamble you need two sides, the gambler and the house. Both sides are involved but only one is gambling. The side without the edge is taking a chance. The house is also taking a chance but as long as there is guarantee of a "long run" the house will be OK and one will not...

Yes. It is a gambling game. Most of you play the drunk gamblers and few of us play the house. :)

But what if the price breaks bellow toady's range tomorrow and it gets accepted? Will you still stay long? Why? You seem to be perpetually long. Do you have money on the market? If you do how are you feeling bout the last 5 trading days? It must hurt on some level.

I see many predictive posts. Many of us don't give a f***k about predictions. I will find very helpful if there were posts about what happen during the last trading day. For example for today 1/13/2009: 1. Why was the ES marker so choppy? 2. Why was the ES with high volume? 3. Why was...

Why did the idiot propose only 1/4% Tax ? Why not 10%? He must feel that a big tax might be a problem but how did he figure that 1/4% Tax is OK? If you are successful trader you better hide your money from the masses. One day they will come for you. The Gods have decided that Paranoia is...

Dan Rostenkowski from Chicago was the one to fix the 60/40 tax split to help CME and CBOT. They will be dead by now without it. There are tons of money given. I don't see it passing. We are talking big mula here.

Obama is from Chicago. He will not do anything to harm CME. We are safe for now.

Who said the world economy has been destroyed? Is it supposed to go UP and UP to infinity? What is wrong with having a recession here and there? You know, now one can plan it. Some tried and failed. Let it be. It will come back up. To answer your question. No one.

I have purchase quite a big list of tops and like to exchange it for a few bottoms. The traders that purchase the bottoms from me should do the honest thing and be the first ones to take my offer for an exchange. I am hurting out here.

I can't do that. I can find the non randomness after the fact but not before. I see your point. Case closed. Sorry for wasting your time. Have a profitable trading.

Let me ask this another way. How many throws do you need to determine if a coin is fair?

Not sure. I trade USD. In my neighborhood they consider them real. My trading method has nothing to do with this discussion.

The point is that there were 18 and 23 in 250 to 300 boxes. It is not that there were 23 in a row that is interesting.

This is a renko chart of an actual future contract. It seems that there are about 250 boxes. I see that there are few big consecutive runs: 18 up boxes 23 up boxes Can someone calculate the probability of getting 18 and 23 consecutive runs within 250 tries? My calculations show that if...

How so?

I need the exact date and time +- 5 min please.

Another one: Successful trader understands that some market participants are risk-averse and some are risk-seeking. The risk-averse are willing to pay to the risk-seeking. BUT risk-averse are willing to pay to the risk-seeking not enough to justify the risk. Hence money flow from...

I forgot. I also need the "cry uncle" amount. Howe much of the 350K are you willing to lose?

Do you want to have monthly income, quarterly or annual? I mean when do you want to count the chickens (the $60K)? Do you have a rough estimate of your profit factor? What is your win %? I will try to give you some estimates about how many trades you need and your probability of success.

Yes I got commissions and "Other" fees form IB.