chin
nice job :)
remmenber when I asked you to stop at 60 pages?
lol.
we are going to be dead for rest of the week.
anyone wants to read my summary
http://www.refconews.com/main/WeekAhead.pdf
happy holidays.
Yes when scaling into continuation you have to put in 1/2 as much as your original postion
http://www.amazon.com/gp/reader/0071412743/ref=sib_dp_srch_bod/102-0777055-2339348?v=search-inside&keywords=average+half+as+much&go.x=15&go.y=13&go=Go%21
It sounds like everyone has different idea of what pyramiding is. In the sumplest terms is adding to your initial position in hopes of maximizing the continuation in price a good idea or bad one?
Ans. it depends :) lol
How is that different from discretionary trading?
God knows I dont; want start another flame war with everyone about systems trading.
My deeper point is that "methodic" trading ir isolating a susccessful setup vis a via a particular tradable is really what this comes down to.
Systemic...
Y no doubt. "trending markets" implies ER2 which is mcuh more trendy than either ES or YM which are the retrace kings of all tradables.
Ultimatley -= does this show yet another example of failure of systemic trading which redcuces to nothing more than an optimized algorithm on a particular...
Marketwatch quoted me totally out of context today, so I am going to link to my dailfyfx piece on yahoo because I think what's really hapenning with the USD has lot more to do with Iraq/Vietnam than most traders realize.
Anyway food for thought ...
Fascinating. The clear conclusion is of course that this is a system designed for trending markets.
The interesting question is are YM and ES simply in rangebound enviroment or are these instruments SO efficient that they retrace most of the gains one way or the other and wipe away the edge...
Viper Viper Viper....
Here is a rule of thumb:
If you have 1K account you trade for dime pips - 1K lots you dont risk more than 200 points
If you have 10K account you trade for $1 pips -10K lots same 200 point risk
100K? then you cantrade for $10 pips 100K lots.
More like Gavno.
Who can really tell if this is the top? Can things get a lot worse for US - very likely possibillity.
Can we get lucky, bring peace to teh Middle East, let oil flow freely?
well. then the article can be right.
Draw your own conclusions.