Search results

Nice! If you manage to keep these stats up, you should have no trouble getting funded soon enough. Best of luck!

You're trading EURUSD? If so, which TFs? I'm reading some possible weakness to the downside with accumulation taking place, I believe it's going up soon (obviously I might be wrong). Support could hold at 1,1105 (very high accumulated horizontal activity.

I think you got some very nice results in there, how long is the testing period? When you feel confident enough, just go for it, man. Separate a small amount you're willing to lose and slowly start to get a feel of the live markets, one step at a time until you're able to operate without being...

I agree, but I think we are tackling two different things, so let's try and make this a bit clearer. You're speaking of information and, if it's not public, it won't have a major effect on the market until it's available for all (or at least most) market participants. For instance, even though...

Padu, although new information is constantly reaching the Markets (not all of which is public), we need not (or rather can't) keep track of all of it. That's why we gotta set up a pre-defined number of variables that, ideally, allow us to be correct most of the time. So although the "game"...

You're welcome, friend! I'm glad to be of help. A trading edge is simply a set of variables that, when combined, indicate that one thing is statistically more likely to happen than another. So, by definition, you'll know you have an edge if you can statistically demonstrate that your trading...

I'm glad to hear that! I find it very strange that a lot of retail traders don't really keep track of volume, which is half the price equation (after all, volume is the representation of supply-demand over a specific time period).

May I suggest a very small tweak to your approach? Throw in some horizontal volume bars (volume profile/market profile) in these charts and focus on areas of very high accumulated activity. They're pretty self explanatory and will go a long way in objectively identifying (really) relevant areas...

Indeed it is, my friend. I also traded the sim for relatively long period (about a year or so) before I felt confident enough in my ability/system execution to move into live markets. That was about three weeks ago, the past two weeks have been positive and hopefully this one will too. What I...

If you've a fully mechanical (rules based) system with a positive expectancy, there is no reason not to automate it unless you can't afford to pay someone to do that for you or do it yourself. What most (good) discretionary traders do is have a trading system that they can execute with some room...

Hahahahahahaha absolutely loved this. Sadly enough tough, this is some pretty accurate characterization of the mystical traders out there. I don't know where these people get the idea that, for whatever reason, the markets move based on magic numbers or lunar cycles but well, it's their money...

I'm curious (honestly), what approach do you use for your trading? P.S.: I agree that things are not all as simple as suggested before. Support and resistance make sense, to me, insofar as you consider them as areas that can be used as a reference point for (mainly) major market players...

The DOM simply shows bid and ask prices as they oscillate between prive levels, as qlai has said above. In practical terms, if you're looking at the DOM trading range, it's not different from looking at the actual candles as they churn up/down. The slight difference between one and the other...

Hahahahahha I know the feeling. My humble suggestion is add a volume analysis tool (simple volume bars will do) and once the markets start to go sideways, try to gage if volume/activity is increasing on the buying side (accumulation) or selling side (distribution). When volatility comes to a...

So true, unfortunately. Every day now is either trade war/brexit/global slowdown improves or dampens global mood. With regard to the topic, there is no making it weaker or stronger. Statistically speaking, S&R are meant to be broken, as was said before. It's only a matter of time. But that is...

Thank you for your sympathy, it has been hard but, as I tell my brother, our mother truly prepared us for this moment, showing us how to be independent and acknowledging that she, as all of us, wouldn't be here forever. I find solace in the fact that she did not suffer at all, which is something...

Hahahahaahahahahaha not yet, but I wouldn't be surprised if it did. :D:D Right now, I'd actually say nearly 100% of my exits are discretionary, which annoys me quite a bit but it's a matter of necessity as of right now. I recently quit doing my PhD in Linguistics (University of Campinas, Latin...

Precisely the opposite, I try to be as focused as possible on my trading when doing so. But mindfulness, at least from the background I came from (buddhism), is about clearing your mind of any thinking, or judging. When I trade, however, I need to be doing the opposite of that: keep all my...

What you said is hugely important, because that is precisely one of the mistakes people make when actually using a sim: trading waaaaaay larger than they would in their real account. One should not to that, but rather do as you did: see if you they followed their trading plan, if their plan is...

I do and I find it really helpful, in all matters of life. However, just to be clear, I don't exercise mindfulness when I trade, but rather in preparing for trade. I wake up around 6h30 and have my morning routine which includes a very calm breakfast outside, which helps me calm the mind and...