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I see nothing wrong with predicting reversals. In fact I consider it the epitome of trading. The thing is it must be done properly. Alternatively one could simply play mechanically a statistically verified set up. Just concentrate on that. Don't think about anything beyond what's strictly...

In all this whispering and veiled references I doubt we all got exactly the same thing. Isn't that funny! At any rate, whatever one believes having discovered, it's neither magic nor easy (It can't be! It will never be), and frankly, isn't that thing you have "discovered" something that has...

Errata corrige: "Of course the choice becomes more difficult as the profitability of your hypothetical, p=0.95, game decreases, as the potential win becomes significantly smaller than the potential loss (absolute terms R<<1)..." The bottom line is that if the game is in the small range in...

The question is posed in improper terms and cannot be answered without considering win and loss. If for example the potential loss were to be 20% of the wager and potential win 40%, OBVIOUSLY, the sensible thing would be to wage the entire capital, thus risk 20% per event, in your terms...

You raise a very good point. I found it both worthwhile and necessary to reflect around the concepts of obstinacy, perseverance and determination in evolving my trading. These words resonate strongly with me. The issue of obstinacy comes up continously in my discretionary trading as...

Wouldn't it be clearer to say as follows: Obstinacy is the negative connotation trait of doing the same thing over and over to the same result or holding one's opinion despite contrary evidence. Perseverance is the positively connotated trait and denotes flexibility of means towards...

Here's another song about trading: The Foreign Exchange, Something In The Way She Moves. (But the George Harrison or Elvis Prestley versions sound better to me) "Something in the way she moves... She always seems to make me change my mind..." LOL That cracked me up. That bitch of...

Individuals who engage in financial speculation lie about their activity in order to avoid the judgment that comes from preconceived or stereotypical views, because they are unwilling to disclose details of how they do it, if unsuccessful sometimes even because of feelings of shame, or, if...

It isn't about "small traders" losing due to overleverage and stops. It's that the small accounts generally correspond to new market entrants who lose because they are completely unprepared. And the trading style suggested in the OP is only one of many that could be profitably employed. And...

The best song ever about trading is Eye In The Sky. It includes some extremely advanced concepts. You listen to it and can't help thinking how in his time the guy must have swinged quite a line in the markets. At least once a day you should listen to the Kansas City Shuffle to remind yourself...

I consider price moving as an indication of "pump and dump" in progress. :)

My take on the subject is that even speaking from the perspective of highly leveraged directional trading, stops should be viewed in a far less dogmatic manner. EURUSD, 2013 10 08 / 09 I started building a short position right from the first up breakout of that grinding irregular up...

I would like to take the opportunity presented by Redneck's kind intervention in my favor to rephrase my previous statement regarding the use of stops in the following manner: "Stops are for wimps ...and for those who don't know any better." And furthermore I'd like to state for the...

I realize now that you really view the market as a neutral playing field. What a curious notion! :) Basically you've taken an entry from a book, you filter it with an EMA. You really don't know what it is. You don't know why your position gets run over only 35% of the times and rarely gets...

You seem a profitable mechanic. So, say, you've set up your workshop in a shed (or in your studio as the case may be. Whatever). You proceeded to professionally develop your strategies on your $2k commercial software, work for which you are rightly proud, after all you were tooling away in that...

It appears some retail traders make a living, perhaps even a good one, trading mechanically or fully automatically, an "edge" based on some repeating pattern. But isn't the existence and long term stability of easily exploitable repeating patterns in price movement, counter to good sense...

I've come to the same conclusion as emg. Stops are for wimps ...and for those who don't know any better. - ras72

RedDuke, Look. I fully understand the running the stops and the Kansas City Shuffle ("everybody looks right, you go left") thing. And the awkwardness of movement of the heavy set guys. So, your question (BTW, are you serious?) makes me wonder if we are playing the same game. May I...

IMO Nysestocks was pointing to a specific technique built around a realistic view of how the markets operate. As he admits he didn't discover it independently but it was shown to him. His posts reflect his stupor for it (new, efficacious discoveries, of potentially great reward, in a field of...

Repost to correct links. This is quintessential trading: Alan Parson's Project - Sirius - Eye In The Sky - ras72