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  1. Cheesy

    Anyone use moving average indicators?

    This Quote by Xela is very important, I cant even express that enough. So I have Several strategies tied into a "SYSTEM". I have an entry Strategy, that has been developed over time, then I have an exit strategy that is just as complex as the entry but completely different, then I have a money...
  2. Cheesy

    Anyone use moving average indicators?

    I have used moving averages for many years. My current system is completely based around Dynamic Moving averages using only Fibonacci Numbers as the periods. I think a lot of people don't like moving averages because they think only in terms of a "Cross Over" as the only viable use case as a...
  3. Cheesy

    Crypto Currency Observations...

    Taking advantage of the spread between to related assets price.... After Dash futures gets too far away from the underlying asset DASH/USD, it tends to fall consistently back towards Spot.
  4. Cheesy

    Crypto Currency Observations...

    Yes at Bitmex.....
  5. Cheesy

    Crypto Currency Observations...

    I trade Bitcoin Futures, I have noticed that a lot of my old stratagies that stopped working on modern futures markets do well on Bitcoin. There are also Options on Bitcoin now too. I have noticed more and more bots are taking over the market making and cleaning up on the ineffieciences. I have...
  6. Cheesy

    FBI: Losses from binary options fraud run into the millions

    Morpheouso, What Binary Broker do you use?
  7. Cheesy

    Tower Hill Trading

    That was me, My first business at the age of 20 was actually a restaurant, I owned an ice cream store/sandwich shop. Never worked in a restaurant in my life. Failed miserably. I admit I have not taken the right paths and I was ambitious with a lack of maturity. But I have done well for myself, I...
  8. Cheesy

    Tower Hill Trading

    Yeah, after what Maverick said, I had no clue that level of legal issues was going on, thats crazy. But I hear ya man... It would suck gettin yourself in a bind like that at a young age though.
  9. Cheesy

    Tower Hill Trading

    Good thing I'm not drinkin tonight! :) Take it easy dude.... Cheesy
  10. Cheesy

    Tower Hill Trading

    Good we have something in common! I am an African American that grew up around rednecks! I remember my friends Mom telling me as a kid in the winter "Be careful out there, its slicker than a frogs ass" Calm down man, I was just explaining a little bit about myself and where I come from, I was...
  11. Cheesy

    Tower Hill Trading

    No worries....
  12. Cheesy

    Tower Hill Trading

    But of course you will get a better deal, you put up some seed money as well, that is more like a partnership. Now I wish I had done something like that in the beginning, I opened an account and started trading futures without much guidance at all, I mean I just jumped in, read a few books, got...
  13. Cheesy

    Tower Hill Trading

    When I first started doing this, I owned a business and most of my clients were traders, well a lot were. And it was all new too me, I had know idea how to get in, and where to start. It never occurred to me that I could apply for a Job at a trading firm and trade physical assets for 150k a...
  14. Cheesy

    Tower Hill Trading

    He cant afford an Equity account either, I think the SEC states that you have to have at least 20 grand to be a pattern day trader. But if he so happens to make money, he can open a futures account and trade it. Or if the contract is terminated he can trade futures as well. At least from what I...
  15. Cheesy

    Tower Hill Trading

    I definitely agree that you need to know what your goals and needs are, that contract may not fit everyone, I use to do automated trading as wel,l so I was very particular about the firms I signed on with at that time because I had very specific needs and I required a support structure that the...
  16. Cheesy

    Tower Hill Trading

    I don't come from money, My only options are too sign the contracts, however, I have never gone from one firm straight to another, my goal was too make enough money to go trade from home. I did that twice and blew out my account each time ending back at the firms again for more backing. Many...
  17. Cheesy

    Tower Hill Trading

    I totally get what you are saying and I agree with you 100%. But thats just simply not how it is. In all my years, I have seen contracts enforced and traders taken to court on a few occasions. And in each instance, the trader was raking substantial amounts of money in, got pissed about...
  18. Cheesy

    Tower Hill Trading

    You guys are over reacting, I have been trading for 10 years, I have signed many contracts with prop firms, that THT contract is only enforced when its worth their time & money to do so. So if you walk in as a bad ass and make a substantial amount of money then try to leave, it will be worth it...
  19. Cheesy

    Reasons for failur in automatic trading systems

    I have a system I just launched live on the first of June in a contest at InterbankFX, I am currently in the lead, if I win I get 2000 bucks... the competetion is stiff, I see a lot of good working systems come and go here.. But it's a great place to showcase if your system can produce a profit...
  20. Cheesy

    Trading systems: profitable on longs only

    I think that if you use a long term time frame like a daily trend, trade on a shorter time frame like the hourly or 4 hour or whatever, the system should not execute the short term down trends if the major trend is still up. Unless you are looking at monthly charts, that trend you have will...
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