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Glad to see you are in profit on the journal OP. That is something of an achievement on ET from what I can see. Was the inside bar trading thing you mentioned a while back a throwaway line, or have you tried it? As I mentioned, I have had a little success with Brooks H1 pattern, and I'm...

Can you really get anywhere near competing with professional high frequency traders as a retail trader? Can you even get anything like accurate tick data for back testing? Maybe I am missing something, but it sounds as if the assumptions made must be wrong for a retailer backtest to be trying...

Most of us are probably aware that candle patterns can look very different on different time frames; for example a bull trend on a 5 minute chart may show up as a bear trend on a minute chart or vice versa. However, it is also possible that candle patterns may look very different on the same...

Thanks for the kind comments padutrader . Yes, I am looking for simple setups that have a positive edge. Simple usually seems better to me in this game. Doesn't need to be much. That small edge for casinos built Las Vegas after all. :)

Returning to your original question – yes, I am reading the first Al Brooks book at the moment, in fact going through it for the second time now. It is an interesting read, and I am getting more from it on second reading. I already think I have had my 50 quids worth. I have made more than that...

Thanks volpri for your continuing and interesting journal. My discretionary day trading is improving; I do have an automated system that has shown a little success as well, but watching bar by bar has been interesting in seeing how days develop with trends and trading ranges and so on. I am...

Thanks very much volpri; I have spent the last two or three weeks at odd times working through this entire thread, all 96 pages of it, as it is easily the most interesting thread I have seen here. I have lived through your caulking and painting, your work in the garden, and the occasional gem...

I wish your country well, whatever the outcome.

Thanks to all those who replied to my comments. It has been an interesting insight.

Yes that is clearly true ;).

Actually most news outlets in the UK have a very right wing bias, and still not a lot of support for Trump. Yes we certainly have our share of awful politicians in Europe, I wouldn't deny that for a moment. Trump has said some really weird stuff though; like taking bleach internally to cure...

I am from the UK, but from here Trump looks a really awful person. I know from comments here that most people here will vote for him, but can I ask whether you think either (i) he is not an awful person, or (ii) you don't mind that he's an awful person, because you think he is good for your...

Well, nearly. I think the very use of the words 'rally' and 'selloff' in your earlier post imply something about the markets that not all people would agree with. If you were an efficient market theorist (I am not one), then any move in the market is unpredictable, as all information is...

Ok; so you can have an edge without being profitable by your definition? To me, having an edge is having some kind of systematic approach that enables you to make gains in the market. And of course you can be profitable without having an edge (for a while anyway) just by good fortune so there...

I would have thought that a trading strategy leading to that outcome is exactly what an edge is.

Odd that nobody has actually answered this question in a post, but I suppose people are a bit shy on here ;) I have been profitable (just) for about three months, since I stopped discretionary trading, before that slowly losing a bit of money, but not much as I am trading trivial amounts until...

Everything went fine today, started bang on time; apart from the system went for a buy on a mean reversion, and promptly lost 100 points. Isn't life grand? :(

The easiest quick fix is the Outlook alarm system of Abbotale. If I set a reminder at 12 every day, it will be fine. In the meantime, I'll look into automating it. 80/20 principle and all that.

I use IG for spread betting, so their API.

Yes there are ways and means of course, and things do gradually get better. There are always complications though - the API tokens I use are only valid for a time after login, and it doesn't seem possible to automate the login process. On the plus side, these things tend to average out more or...