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I've been doing studies on trading gaps in stocks and YM and I was just wondering about the psychological aspect of it. It's statistically proven that the majority of normal gaps do get filled on the same day, but I was just wondering why this is exactly. Why does the price gravitate towards...

I have a couple friends I worked with at the prop firm who did roughly the equivalent of that but they're both scalping. I'm not cut out for that. I'm definitely going to look for a prop firm but I think it may be unlikely that anyone offers me a job.

Hello, I could really use some advice today, I'm doing some soul searching here trying to decide what route to take in my trading career. First off, I've been studying the market from a technical perspective for several years now but I only have extensive experience in scalping futures. I...

Well here we are, it's exactly 3 months later and I am following up on your prediction. Exactly 3 months ago, the dow closed at 12582 and we are currently trading at 12548. Although the market did sell off immediately after your prediction, we are right back where we started.

:) that's great

Both the car and license plate are about vanity, nothing else. How's this for diminishing marginal utility? http://abcnews.go.com/Business/Story?id=4301197

Yeah it was actually an older woman in her 50's. So either her or her husband must have gotten that license plate like 20 years ago when they were rich. Then they probably shorted some euro and oil futures and now they're e-class poor.

I want this. http://tinypic.com/view.php?pic=28gt2cw&s=3 It's weird because just a few weeks ago I saw another Mercedes with the license plate "options".

Terrific find, thanks for the link.

I guess I should explain the system just in case :) It's fairly simple: You take the opening bar's price at 2AM in either the euro or pound (it works for both) and play for a breakout in either direction. If the initial move up or down is 30 pips or so, more often than not there is a...

I've noticed that eur/usd and gbp/usd tend to trend often at 2 am CST when the frankfurt and london exchanges both open. I've looked online and found others applying this strategy so I know it's valid, but I was hoping I could come across someone on ET that's also doing this. It would be nice...

Does anyone know if I can use metatrader to execute trades on the forex.com platform? I have an account on forex.com and I need to automate my strategy. Any help would be appreciated, thanks!

In other words, scalability :) Great post, thanks very much for your input. I suppose the confusing thing is that most people do, in fact, compare returns between asset managers and daytraders. If you're a daytrader and someone who doesn't understand trading inquires about your annual...

I'm trying to make a point that's completely opposite of what you're saying. If you exploit a small intraday edge over and over and you are in and out 15 times a day, your volatility should be LOWER because that edge will play itself out quicker and you won't even have a losing month. Hedge...

plenty of daytraders make good money trading small accounts. they build them up and make the same 500% the next year. 25% is BS.

Unless you trade it yourself and you have real records that are close to your backtesting results, you're probably not going to find any major investors. My suggestion is to trade whatever amount of money you can afford to trade with and either automate your strategy by hiring a programmer or...

you mean since hedge fund people trade bigger size they need to have a strategy where they can only scale in and out?

I don't understand why there is such a huge disparity between what people consider a good annual return to be, and what traders are REALLY making. A daytrader can have just a $25,000 bankroll and make an average of $500/day in futures or forex and they'd be up over 500% on the year. If they...

LOL what a f**king dick, get over yourself you loser.

In other words, fixed profit targets are bad :) I hear what you're saying about RSI but just like anything else if you follow your plan it can work.