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Volatility might be defined simply as the daily gyrations of a given market (eg CL,ES,YM). Therefore you can do better than 'prediction', you can establish the datasets of the metrics and parameters of that market. As I have a professional background in futures, I have for some five years at...

You can run yourself ragged on viewpoint trading, by viewpoint trading I mean being either bullish or bearish. ET threads have been, and will always be, full of the never ending story of bull v bear. But the markets go on. Price goes on - up and down, up and down. The upmoves and downmoves...

Stay grinding where you are. :)

I do not know what the history of LodeRunner is but I concur exactly with his proposition that "there is no such thing as price action". Price action if it meant anything would be price and nothing else. There would be PRICE ONLY. That would be price, one price, ONE NUMBER, on the screen in...

You simply don't know enough to be trading. It requires a finely calibrated and thorough methodology to be successful. That methodology utilzes a market as a conduit of money flowing into your pocket. A haphazard chain of results such as yours - bigger losses than profits - is not worthwhile...

This is a thin case against the alleged culprits from the Denver Minerals Management Service. The trouble with any investigation is that there is always a bias towards a result at any cost and the individuals accused are put under very uncomfortable pressure. In essence all that was happening...

I am not denying the proposition in the opening post that the future to some small degree can be divined in advance. From time to time in past posts I have pointed out that losing in trading or being a loser is a choice. This is not the supercilious or patronising remark it may seem. Many or...

Then since you are claiming your trading skill is there, let it reward you. :)

This is stating the obvious. It is a story retold and to be retold by frustrated amateurs. Hope and human fallabiliy combine, in vain, to overthrow and triumph over cold rationality. The loser and loser mentality is triumphing and the result is trading which accrues net losses or is otherwise...

There is much that attracts the minds of those lesser experienced to specific lines or numbers that offer the comfort of apparent certainty. While they may have that appearance, S&R, Fib levels and Elliot waves among other nostrums do not, in actuality, provide certainty or reliability. The...

You should not be trading at all. The obvious is ignored by many amateurs - namely, do not trade unless you know exactly what you are doing; this means having in place an accurate methodology. A 5 minute chart is more or less useless; it is far too vague to use for accurate day trading...

Or as James Bond found out in 'Moonraker' James Bond :- "Good afternoon" Holly Goodhead :- "Can I help you?" James Bond :- "Yes my name is Bond, James Bond, I am looking for Dr Goodhead" Holly Goodhead :- "You just found her" James Bond :- "A woman" Holly Goodhead :- "Your powers of...

Why do so many beginners get into daytrading, with sky-high expectations? There is no mystery. To imagine success, to picture riches, to see yourself as famous make up the hopes of the many. It falls to the few - or the very few - to execute and achieve results that make them successful or...

To trade without knowing sufficient is a story retold and retold and retold on ET. This so-called sort of experience comprises endless stories of losses, failure or disappointment. Sadly the only thing most amateurs can speed up is exiting from trading altogether. There is no speeding up. You...

Whatever value can be drawn from backtesting, it is insufficient to establish the metrics of a market; this is because OHLC is a skeletal and insufficient input. However for some, backtesting is their predetermined approach to markets and certainly for backtesting amateurs, its limitations...

I concur with the posts so far in this thread. They are all informed comments. I was drawn to the irresistible attraction of the DJIA (YM) from the outset. However for leading a team I include all liquid index futures for playing, ES being the most liquid. :)

Follow the gyrations - not the trend. For daytrading you need liquid markets. Take YM as an example. Compared to CL, YM (and ES) are sedate markets to play. Now the range for YM on Monday August 4 2008 was 164. So play YM intraday, from open to close. Specifically you play the gyrations...

This leads back to the generalization that females are right brained and males left brained. The methodologies I use for trading are accurate and reliable in their signalling, that is they signal 'buy' for turning around at bottoms and 'sell' for turning around at tops. It can be taught to...

This is a good observation. Being able to trade and allegedly make regular money is not the same as making yourself rich. :)

The filtering you require (ie indicators and chart configurations) needs to be sufficent to give you clear, reliable and consistent signalling to play the market, open to close, turning around your position each time to sell the tops and to buy the bottoms of the gyrations that make up the...