Search results

Buy gold just as it is about to go up and sell it just as it is about to drop. If you cannot find a method for doing this, then forget gold and move on to trade something that you can produce a method for. The method type is unimportant, what is important are the trading ratios you produce...

of course it is

not true, he has being given a couple of decent answers

More sad than funny really. Unlike everyone else, whose learning experiences precede their cash flow in trading, you present yourself as having mastered the concept without gaining any experience. It is no wonder that you are now stuck with the awkward situation of accumulating 1M without...

Tricky sum of cash really. Too small to do much with and a little too large to use up as lunch money. It is probably best that you run it into the 10 - 20M range and then get back to us here at ET.

Yes exactly. Without a calculated defined risk and reward for each trade we would be gambling. As to the size of the account, it should be sufficient to cover the style of trading plus a bit.

What a stupid thing to post

But isn't that obvious. In other words you are saying that a positive expectancy is an edge. I would say that NOT calculating and working to it, is utter stupidity. Removing stupidity for most people constitutes an edge in their minds

Successful trading is only about knowledge ... knowledge comes from clear thinking

Hi BSAM you certainly bring a lot of firepower to the conversation

The outcome of what you are doing achieves the same results as dragging my stops around the DOM but never ever opening my protective stop. The essence being that we both treat the trade as being dynamic by nature.

I only trade with brackets and drag them around the DOM once I am live. But I never ever drag the stop backwards. For that matter I never scale or use trailing stops, but that is just me. Is this what you mean Bone

sorry, got called away but now I am back. let us imagine we trade a system something something yours emq and make an ES point a day $50 and we trade for 200 days of the year ... say $10,000 pa a solid little 10% return on our 100K and in 7-8 years we will be able to fund and trade 2...

always interesting to read ET posts regarding actual trading ... always interesting. so we are to gather from your post that 100k per contract is the way to trade the ES.

Stops control risk is the name of the trading game and our stop risk is one of the few things that we can exercise control over. If you feel that pro stops are stopping you out of good trades, then isn't your placement and timing of stops the real issue. You may find that by eliminating...

I trade naked futs [ES and Fx] Direction of the next price wave and the number of tics at risk are critical.

Haven't looked at ADX for years. All I require of the setup is to alert me when a pullback occurs. As I mentioned the setup is a dumb instrument and kept deliberately that way. I really have no plans to raise it's iq or widen it's scope.

Hi there Bear mountain. JH sums up my thoughts for me very well indeed. ie ... if you are attracted to trading as a noobie because you want to make lots and lots of money , then this tape of desire will continuously replay within your mind at some deeper level and you are going to attract...

bid-ask footprints have their validity distorted on intraday trading to a point where I can't use them. I imagine it is caused by the effects of market orders, but there are other people here on ET better versed to comment on this issue. One more point while I am rambling on. "The devil...

Yes, this is the way I see the price behave, there are two components. The setup IMO can only be coded so far and in itself is a rather dumb animal. Try coding it too far and you will take it into the territory that I refer to as Market Mood which is changing day to day, but which contains...