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Sorry, i shouldn't have stated 'all', more like most. There is only one trading rule. 1) Stay onside. The rest of the 'words' take care of themselves if used properly. If they are only 'words', as you suggested, then i suggest you learn how to use them correctly.

Rules of trading. Capital, leverage, margin, market, instrument, volume, daily volatility, open interest/DOM, pre-set trade parameters, order type market/limit, keep onside. All professional traders use the above everyday, no need for reading books or journals or little reminders.

Absolutely. This is where prop traders have an edge over the retailers. They have no spread to pay, so working within the bid/ask is profitable and strategies like low ticking can be implemented properly.

To try and view the market in the terms or context of big and small is somewhat self defeating, because the bigger players will size down and become more frequent. The market works in a collective or composite manner.

I don't bother with open interest and volume any more. The reason for this is because it's all displayed in the price action anyway, so that is my main focus point.

Day trading is a time frame, that's all, what else is it? Why is it a pipedream? To generalise daytrading as a pipedream is just plain ignorance, bordering on insanity.

Some valid points here. I said that i trade the round numbers, i do trade the round numbers, but that is not my entire view of the market. For instance, i'm looking for price/candle action around these numbers. Are the candles 'pinning', are buyers and sellers comming in and out? Do...

Emotion. How does the average retailer eliminate emotion? The average retailer trades TA, and there is a myriad of technical aspects on offer. Too much information. The average retailer will bounce from one idea to another, because nobody is telling him/her that thier first idea was...

No probs. I use the 50 and 00 price increments to trade off the hourly candle.

Retail scalping, and i consider myself to be a retail scalper, is about using small bracket trades with a view to a larger time-frame. For instance, i trade the eurusd with a 1:1, 5 pips. I trade round numbers from the hourly candles and i am in the market on average for about an hour and...

Hahaha! You are only giving me 'chapter one', you funny little pumpkin head! How am i supposed to know the end of the story with the rubbish that you post!?

Volume: The Facts. All traders should learn how volume affects price, without this knowledge of volume a trader will not fully appreciate the action of price. Once a trader has become adept and proficient in the art of reading volume then the trader should no longer need to use it as a...

If volume, or the effects of it, move price, then surely the price will reflect the volume signature?

Precisely, that is why true professionals use only very short periods to be in the market. Time is the real edge, because time brings everything else into play.

Look, at any one time you should be running your most profitable system, so why should your 'win-rate' be such an issue?

You don't choose a 'win-rate', it chooses you.

There are not many members on here who can actually read price action. The reason for this is because they do not know why or how price is moved. How do i know this? Most members on here use charts only, and have only ever used charts, so they do not possess any real trading knowledge, and...

When a market drops to new lows sell orders are triggered creating liquidity and the contracts are bought back up until the liquidity runs out. This climax is what you see in your bars, although to fully appreciate it you need to be able to use/read the DOM or the order book.

Most professional daytraders will trade only from the DOM, which is in contrast to the losing traders who draw lines on a chart and use indicators.

Daily parameters are ok for the retired guy who likes to toy with the idea of real trading, but can't manage to escape the grip of buy and hold.