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"The only thing I watch is ES and YM. The indexes, stocks, Advancers, Decliners, Ticks, Trin, etc. ad infinitum usually follow and are useless as far as I can tell, when trading either on a very short term basis. If anyone can demonstrate otherwise I will be happy to eat my words." they are...

historically speaking, gold has been an inflationary play - iow, gold up - dollar down - inflation up, etc. however - let's be neiderhoffer'ian for a second - the law of ever changing cycles. imo, the cycle has changed to some extent. gold is no longer primarily an inflationary play. it...

for speed entries, i find that using IB's book trader and taking the ask (on a long) is very fast. i have perceived at least a slight lag when using Bracket Trader for order entries. when setting a limit order 2 to 100 points below the current trading level, a slight (millisecond) lag is ok...

in my longer term investments (totally different from trades fwiw), i kind of like a contrarian philosophy, combined with a regression to the mean philosophy. iow, a good part of my holdings are buying what everybody hates, and/or has been beaten down for a long time, and accumulate in this...

i have met a # of traders. traders think (primarily) in terms of order flow. but they do establish support and resistance in their heads. i have learned this FROM a floor trader, and from a floor trader who is now a screen trader. the latter still uses an audio pit feed for the S&P...

"Sellers also equal buyers in the stock market. " but that is not relevant. NET longs = net shorts in the options/futures markets. the sum total = 0 net longs <> net shorts in the stock market. hence, the sum is not (necessarily) zero. therefore, it is not zero sum. there are...

rm, i disagree, but that's ok. as long as TA works for me, i will continue to believe in it. i find generally that models that are actually accurate models of reality have two properties, in general 1) predictive properties (and TA has this. by using TA, i am making much more money...

as i said. i have another fulltime job. but this is not a hobby and this is my source of income hobbies cost money. jobs make money. i never for one second treat trading as a hobby.

"entering at your price does not mean low risk high reward is only yours because the market hit your target........" i have statistically analyzed these setups, so i know they are low risk high reward. part of what makes them that way is that they are not based on "breakouts"/chasing...

i am not a hobbyist. this is what i do for a living and i guess i should pat myself in my back. should i have invested MORE in gold? absolutely. but i am always more about risk management than going for the jugular i am very happy with my gold profits. gold could go to zero...

a typical nonresponse...

i am not sure what u mean. yes, making money is important. but u can't make money if u don't protect your trading capital as for limit order. do i sometimes NOT get filled on a position? of course. the only way to ensure a fill is a market order (ie buy on the current ask). that's...

thx maxpi...

"EVERYBODY uses charts to get a graphical perspective of whatever they are trading." false. pit traders FOR YEARS didn't use charts. most still don't any graphical perspective they have, if any, is in their head. they gauge order flow, and remember key levels to gun for, fade, etc...

jeez. gold. it's a frigging bull market . buy the pullbacks . sell the pops. rinse, lather, repeat can you find effective short entries? sure. but the risk/reward is vastly inferior to the long opportunities. accumulate gold on dips. pare some off on selloffs. are u late to...

efficient market theory/hypothesis/wildassedguess has very very very little to do with the fact that futures/options are zero sum, and equities are not the former is a (at best) conjecture about the possibility of "beating the market", which is absurd, but at least theoretically arguable...

"equity markets are probably not absolute zero sum, " amazing there is no probably about it they are not zero sum futures and options markets are read the thread again. get a book on game theory.

"I don't trade just to trade. I trade when I see inneficiencies due to market structural situations, or based on some statistical event that plainly tells me when to enter" well put. that is very much how i trade index futures. i let the market come to me, at certain levels. there are...

look, zero sum has nothing to do with whether or not you will make money zero sum has a precise meaning i suggest people look it up. it is tightly defined 99% of the people arguing that equities market ARE zero sum or that futures markets ARE NOT zero sum don't understand game theory...

typo above. should be "buying them @ a discount to their value and selling them when they become overvalued..."