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I'm not testing this, but here is one for you Python guys looking for a building block and possible improvement tips. Should be a fun experiment if someone wants to step up. 1. Wait one hour after US market open (10:30 EST) 2. Randomly generate a coin toss 3. Heads-Go Long/Tails-Go Short 4...

No

Maybe he's related to Handle123, or maybe a hybrid of Sig and Handle.

You’re preaching to deaf ears. The bar-by-bar stuff is elementary. A certain level of intelligence is needed to see the true market structure contextually. The chart/bar stuff can provide a starting point, but most here will never evolve past that, as their mental laziness just won’t allow it.

I always wondered how much the OTA franchisees gross per year. I know the trading education business gets a bad reputation, but the majority of enthusiastic neophytes who they target, many retired, will end up losing money in the market anyways. They're determined to gamble. As far as the...

S/R is a hindsight fallacy. It doesn’t exist. The markets simply seek liquidity from one level to the next. A losing trade is a lost coin toss. A winning trade is a won coin toss, or if actively managed a series of won coin tosses. It’s that simple. Even when a catalyst drives price, the market...

I think you jumped a couple keywords in my response like “From my” and “I’d estimate”. Nowhere did I claim what you’re assuming here. We can all jump to conclusions though, as traders can at times be egotistical maniacs.

@Sig mentions a lot. It’s like reading tax law:)

You can’t completely eliminate random noise. You’ll always have some turbulence, and the filter you’re looking for is the golden goose. Have you tried working with ATR, or STD (not HIV or gonorrhea)? In my experience, and success, what separates a good signal from noise is the average win size...

That’s my take on it. Technology and order familiarization, though sim platforms like IB, Lightspeed, Rithmic, can actually be used for ongoing walk forward testing/simulations.

No. Just regular trading hours. I have enough problems sleeping. I can see how that might be viable though.

From my pecking order and resources, I can’t squeeze a worthwhile edge from it, and I’ve hit it from every angle. It just doesn’t have enough tail spikes needed to extract sizable average wins. I continually run simulations and analyze ES for benchmarking purposes. I’d estimate any retail...

What 2rosy said, and they’ll widen spreads if they’re losing money. OP. Please read this book and quit insulting ET members for not explaining an encyclopedia to you:

Seriously. Easier said than done.

By managing their own inventory

A normal counter argument would suffice

I learned this the hard way. S/R doesn’t really exist. It’s a hindsight fallacy. Besides, using high/low, MA bounces, triangle breakouts, or you name it, has zero grounding in probability and statistics. It’s a guaranteed loser, because it’s impossible to build a symmetrical model with such...

I tried that shit years ago. The smart money is already positioned pre-news minutes, hours, or days ahead. All the faders are a bunch of monkeys fighting for a banana.