Thanks for sharing your thoughts on trading and life. I sense I may be getting inspired to go back and take another look at a more scientific/mathematical method of trading. While a trader can indeed find his "way" of trading in patterns..etc ...trading as an art requires extensive focus and...
Enjoyed that. Pragmatic application of chemistry for a practical purpose in the real world. However, he had to have some prior chemistry knowledge or he would not have even conceived the idea. Unless, he just learned it from someone else who employed the knowledge in that manner. My field is...
LOL an arrogant lot we are! Excuse me. For some reason i was thinking you were living in Texas. Guess I got you mixed up with another poster here on ET. I have lived in Mexico, Honduras, Panama, Belize. Yes the USA pop is very ethnocentric. Usa is probally the most arrogant nation on earth...
You must somehow employ the concepts of velocity, momentum, acceleration, time ...in your math models to qauge the strenght of a trend scientifically. Years ago i started out that way trying to compare movement of price to movement of an object (mass) with price being the object so to speak. But...
Sure. Account size has to be big enough to handle the strategy and tactics one incorporates. That is why small is relative. But what I am saying is account size has to be no bigger than the min amount necessary to trade the method one is using. Providing the skill level is high. Obviousley...
I also focus on the strenght of the trend (long trend..counter trend..mini trends...etc) but visually. Bars large or small. Overlapping bars or gaps between closes, high, low of previous bars and closes, highs and lows of subsequent bars. Sequential bear bars or sequential bull bars. Context...
Mtrader it must be nice! There are many ways to trade. Yours seems to be less work as you are allowing the computer to trade for you. I am not smart enough to trade via automation. I am probally too old to get the necessary educational skills and programming skills to design mathematical models...
Markets go up. Markets go down. Markets go sideways. For Day Trading you need to determine if price is in a trend or range.
Trend are of two sorts. 1) Breakout..spike..(both are samething ..denotes strong trend) or 2) channel (large but tight ..strong, broad and weak..and subset of small tight...
You bunch of cynical ole codgers. Leave da man alone. If he has his pink pants on he may just pull this trade off. Then what? He'll be gloating and you all will be hiding under the rubble.