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It's an interesting trade. There certainly is support in this area and it's possible support will hold leading to a resumption of the current uptrend we have been in for a while. However, it seems to me that putting a trade on is a bit premature at this stage. The reason being is we...

This is sheer stupidity. At most, in my experience, only about 5% of posts if that have any value. So, to delete posts based on age is pure stupidity as many of these older posts have great value. I think you exaggerate the importance of change over time. Most fundamentals of trading remain...

Totally incorrect. Not anywhere near 100%. See attachment for main reason.

A couple of observations: (1) Anytime that market action seems to be extreme and adversely affects governments we seem to frequently get these calls about the 'evils' of speculation. The same thing happened when Soros attacked the pound. It was all the fault of the 'evil speculators'. The...

Apologies for the thread. Got it resolved now. Thanks to quotetracker support.

I was wondering if someone could help me as quotetracker's customer support have not yet answered my question. I am trying to use quotetracker with IB. I have followed exactly all the procedures outlined on the quote tracker web page below...

Interesting stuff - here's my results. -------------------------------------------------- Strategic Trader You probably live in a world of ideas and strategic planning. This is because you value intelligence, knowledge, and being competent. These are great qualities for a trader/investor...

(1) Has this been tested on at least 100 sample trades and in different market conditions. For example, how did it perform in 2005 or 2006? And what were the results? (2) It seems to me that successful day trading always involves a fair degree of judgement of current market conditions...

This poll illustrates, once again at ET, that many traders do not ask the right questions.

If you want help, I suggest you tell people precisely what you are doing. t That is to say, your entry and exit rules, and preferably chart examples of trades. Perhaps the best solution would be to set up a journal with your trades if you genuinely want some help. There are many traders who...

Thanks.

Greetings. I was wondering if anyone knows of any free websites that provide option volatility data (either historical or implied) on all the major US futures. Most websites I have found only provide this information for stocks. Struggling to find one for futures options (that I don't...

A couple of observations. (1) turning 12k into 1m is a notable achievement (2) the difficult thing about trading success is to continue being a success. The true guide of trading success is longetivity. Great traders are people like Soros who have had that success, of double digit...

If you believe markets are random you are wrong. There is statistical proof that markets trend more often than not. A while ago Richard Farley, one of the top traders at BT in Sydney who went on to run his own hedge fund based in Bermuda, ran computer tests on a broad range of markets to see...

Don't get me wrong, I think seasonals are a great tool to use. They apply to all markets. You just have to bear in mind they sometimes fail. I personally have found unleaded gas seasonals to be some of the most reliable of all seasonals.

Good luck with your trading. I think you are on the right track swing trading as opposed to trying to day trade index futures like most on this site. You are right about the seasonal tendencies in heating oil and unleaded gas at the moment. However, don't put too much weight on the seasonal...

There can be considerable differences between historical results and actual trading results. This is usually a function of either trader effects, random effects, optimisation or curve fitting. I am not surprised the historical results were different to actual results for an open range break...

I think you find a good edge through your own observation of market tendencies, rather than data mining for an edge. There should be a good reasons why the edge exists, relating to trader psychology. The testing part is to give you some verification that your principles work in practice and to...

I think you could probably raise your maximum risk per trade to 2%. Where do I get 2% from? I know lots of traders who use that level. Also, I note that the turtles, one of the most successful groups of traders, under Richard Dennis, placed their stops on the basis of position risk and no...

Those that say fibs are great are right and those that say they are rubbish are also right. My personal experience with fibs are as follows: (1) At times they can be incredibly accurate (2) They are one of the most useful technical tools available (3) Like drawing trendlines there is...