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I had at least a couple of reasons to go long at 28 and again at 25.50. I often sit out the open but then I see a lot of opportunities go by.

Jdesey, there is 30mins from 4:30pm till 5pm EST untill globex closes

What kind of short setup did you see if I may ask? If it opened lower than it did I would have shorted 31.5-32 handle but since it opened right there it could have gone either way for me. I stepped in long at 28 and added 25.50, but that flush down caught me by surprise. I couldn't get myself...

There is an ongoing shift into passive investing. People put money into ETFs often not even knowing what exactly are the underlying stocks it consists of. As the money pours in, ETF algos need to buy the underlying. So as the price keeps going up, everyone knows they did the right thing...

I believe the true big money is made by having cojones to step in front of the freight train (with proper size/money management). Picking tops is not swing trading. I believe the only thing that is holding this market that high (and possibly higher) is the still continuing shift into passive...

I'm not so sure there are that many limits on algo trading worldwide. Most markets are electronic so how would one even know whether it is algo or human order? And again, what difference does it make where are these located? You could be based in EU and open account with US broker/FCM. You pay...

Do you give a shit about correctly reading the post before you respond? Where did I say anything about notional value? Don't you think $5k is too little to learn markets using US based products? Before he learns anything he will be out of capital. By using venues that allow him to trade any...

My point was that the invisible hand of the market was allowed to punishing those that deserved it the most, clearing way for a healthier system. Instead they've got rewarded twice, by keeping those ill gotten profits in the run up then again by picking up assets dirt cheap afterwards. The...

First you need to get that experience somewhere and of course the capital. A prop where you need to contribute/put up capital is not a prop, it is a scam or whatever. If you have your own capital you may as well blow it entirely while learning. So even if conditions at the prop where what you...

I can't comment on what prop firm priorities would be, but I don't see anything wrong with your above statement. However if the risk was your main focus you should have stated it clearly beforehand. Instead, all answers regarding the returns you called pathetic providing your version of how to...

Exactly. Bakers would continue to bake the bread, carpenters would fix your house, mechanics would fix your car, farmers would work on their land and so on. And we would have an army of unemployed banksters that nobody needs. Instead they got bailed out so they could pick up all the assets...

This is exactly why I recommended to OP using local quality ECN broker. With an ability to trade any multiples of 0.01 of a lot (0.05 in futures) his $5k bankroll virtually becomes $500k/$100k (currencies/other futures) compared to US based products.

Each trade consists of many parameters, so flipping one of them is not really a "reverse" strategy. That's why most say that reverse to losing strategy is also likely to fail. Now, one could wonder if flipping ALL trade parameters would be truly reverse strategy, but I'm not so sure it is. My...

stop making it like it is some freaking rocket science. Leverage works both ways, multiplying profits and losses, so if you have your game right who gives a &$^* what your notional value is. And the end of the month or year calculate your returns after all fees paid and you get your return. But...

What do you consider to be "opposite" system? Go long vs short and vice versa? The trade is not only long or short, but there are other parameters i.e. SL and TP. In other words changing long to short is not "opposite" system.

With $5k bankroll your only reasonable choice is to find good ECN broker locally or anywhere in EU. People in US don't understand that there are plenty of ECNs brokers in EU, that while they carry "forex" in their name, they have little to do with how forex brokers used to (some still) work...

Unless I'm missing something here, what is the difference where are the algos (servers) located? Whether executed from here or there... Location could be due to tax rates.

I respectfully disagree. Nobody talks about PIGS as it is an old news. Greece is a long term problem that needs to undergo structural and cultural change (from do nothing and consume EU funds to work hard to make a living). Italy is one big mess, not only their banking system is shot (they need...

Care to explain your positions yesterday (including SLs and TPs) and your reasoning/thought process? Unless you want to say that you simply shorted R2 and bought back (or better yet: reversed) at S3...

My guess is that with more and more algos trading, markets are becoming too one sided and lack rotations we need. The effect is slow move in one direction only interrupted by occasional small flash crashes. This could be due to the fact that once the algo get's it's bias (from the operator) it...