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  1. N

    Edge types, efficiency, etc

    Yeah, I already expect to not know the future per se, and only expect to be right a portion of the time. What % of the time I also realize is dictated by your P/L ratio, and whether your method is open-ended or target-based. Oh, and of course by what your advantage over random is. I don't...
  2. N

    Edge types, efficiency, etc

    I'm not even sure what this is supposed to mean. Care to elaborate? Sure sounds like an insult to me, but I'll try to assume it isn't and give you the benefit of doubt. Yes, I'm a newbie at trading, I made that extremely clear. Before I even extend into the rest of your comment which sure...
  3. N

    Edge types, efficiency, etc

    I don't wish for you or anyone to bow out. I just want to understand you. I Thought you were subtly attacking me, but if you weren't then so be it. I feel as if this post is largely reasonable which I do appreciate. You're right, my efforts so far, namely education has led me to some CW. This...
  4. N

    Edge types, efficiency, etc

    If it helps the OP, who cares who it annoys, right? ;) So, sounds like you trade futures? Which ones(s)? Sounds like you trade a bit longer term but i'm not sure if this jus few intraday trades or several-day swing trading? You systems trade alone or add some subjectivity to it? Have...
  5. N

    Edge types, efficiency, etc

    Thanks for the warnings everyone. I appreciate all concern and useful commentary. :)
  6. N

    Edge types, efficiency, etc

    Most people who post exhibit behavioral patterns that can be read. you can couple that with the fact that I have mentored people for four generations. I have lost track of the number of life time trusts that have been set up for adult physically and/or mentally challenged offspring of people...
  7. N

    Edge types, efficiency, etc

    That is precisely why I asked a general question. Saying momentum, reversion or whatever doesn't give any specifics away. That said, I respect your privacy. Thanks for the input.
  8. N

    Edge types, efficiency, etc

    Thanks for input. I'm glad some people are outperforming, and from the sound of it, outperforming very well at that. It also seems people are ding a lot better with equities than index futures... I guess i'm not surprised. If now I can only get myself less interested in index futures :) May I...
  9. N

    Edge types, efficiency, etc

    What does this mean?
  10. N

    Edge types, efficiency, etc

    I appreciate the input to on of my original questions. Thank you for the consideration. I tend to agree with this assessment, but it's always interesting to get the take of someone more experienced.
  11. N

    Edge types, efficiency, etc

    I will check out that thread in hopes to uncover what OPG stands for and is. So, as far as MOC goes, I know this as a method to exit the market not as an adavantage. Would you be willing to shed any light on the suggestion that it can be used to make money with? I see RMBS had something of...
  12. N

    Edge types, efficiency, etc

    I tend to be more inclined to follow a mechanical or systematic approach, but I'm trying to be open to anything anyone honestly can make work. I know intuitive/subjective methods aren't testable per se, but I know they can work. That said, I'd prefer to stick to mechanics. As far as Gallacher...
  13. N

    Edge types, efficiency, etc

    Hi Dustin, Please excuse the ignorance, but what is opg, moc (market on close?), and error trades? I had a feeling the ES would be a tough place to start. I suppose YM, NQ, and TF aren't much better. I suppose this is why I felt as if the market almost seems to knowprecisely what I aim to...
  14. N

    Edge types, efficiency, etc

    I can definitely understand this level of skepticism. I think I've demonstrated I come from a similar camp. I can assure you, i'm just a dude trying to find my way due to all the BS you mention is out there. I feel there is so much to sift through, it's amazing anyone finds their way, regardless...
  15. N

    Edge types, efficiency, etc

    I see your point. I will spend some time with a chosen market and see if I can get a real feel for the for the movements. I suppose the aim there is to try to intuitively connect to the market's rhythm. Thanks for the input.
  16. N

    Edge types, efficiency, etc

    The 50% reference was a stretch on my part. However it is relatively common to find yourself in a test of your first sample of 20 trades find a method to be accurate 75%+ of the time, the go out of sample or walk forward to find that it reduces rapidly to the 60's. Of course if it indeed can...
  17. N

    Edge types, efficiency, etc

    It's also terribly difficult to prove something does work. In fact, empiricism really can't do either task. At best we can asymptotically get closer to truth. I see your point however regarding throwing things out completely. Once more, this is why I'm here. If I took everything I have been...
  18. N

    Edge types, efficiency, etc

    I'm already there with viewing the plain chart, with volume alone that is. I'm not sure what you mean about the future on the display. Do you mind extrapolating on that a bit? I agree about a non-scaling chart. I very much dislike when anything is distorted. Why do you suggest going from...
  19. N

    Edge types, efficiency, etc

    Thanks for your post. So, what types of commodities do you trade? As far as the comments on extremes, I agree. I suppose this is one reason I do believe there is real money to be made. I see the ranges and it grabs me and makes me feel as if I do know what's next. I do some backtesting, some...
  20. N

    Edge types, efficiency, etc

    Jack, You're a bit hard to fully understand, but I appreciate your responses. I hope you don't mind additional questions. I'm not sure I understand the intent of the comments regarding me being poor. I'm going to assume I misunderstant that because you nor he know what kind of wealth I...
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