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Imagine you are doing 20 contracts on YM or 50 on ES. Your consistency as well as your winning rate beats most of the best traders at ET, even though it is only a few days, but from your detailed transactions/blogs, it is quite clear that you have a solid winning system/strategy and your...

Impressive. You could double your account in one week if you keep doing it in this rate tomorrow. Congratulations!

For a $1000 profit over $3000 margin, you are getting about 30% return per week and more than 100% per month. What prevents you from increase your lot?

When the consolidation takes too long, the Market Makers need to do something to get the market moving. Because during the consolidation the volume would be low, and MM would do whatever they can in their power to create traffic and volume. So MM is another force that could facilitate the trends...

Totally agree. This side or the other side doesn't matter, what matters is which one is the bigger side, and choose to join the bigger side. When both sides are equally powerful, you have consolidation, at that moment you better stay on the sideline just watching them fighting, and sooner or...

Agree on most part. But when the time comes that Watson's great-great grandchildren join human into playing the market, you can still make money by taking the the trades in the same directions they are heading because the price action would show you that. No need to go against them, do the same...

It all nails down to the fundamental: If you can invent/develop a system (especially a mechanical/automation system rather than a discretionary!) that signals trades with 90% of probability of winning, then psychological part is less important; However, all 60-75% probability systems need to...

Funny is that you try to read EMG's mind and make unfounded assumption. I don't care what he is doing with his calls and I never follow his call in my trades. But I think his ability in pointing the market direction and target way early before the market moved in that direction is amazing...

Quote": 02-23-11 01:26 PM Quote from emg: plan on going long 1298.25 1 Point profit" See that is what exactly EMG posted. Unless you suggested he is a liar or he tried to manipulate something.

I don't think any one really follow his call to go get that ONE point profit. And again no body really cares whether it is true or not that he go for that one point profit, but that was what he posted. if you try to find out if it is true, you need to PM him.

If you follow EMG long enough, you would know EMG's 1 point profit principle. Anyway, you got to respect his uncanny call most of the time.

You got 10 points and EMG got no point? that is hilarious.

That is not a valid argument. "A HFT account i say average $5 million. They use that leverage to push the es 2 - 3 ticks. " But another HFT account with 10 millions TRADING in the OPPOSITE direction can push the ES 4-6 ticks in the other direction according to your format, then the real...

If it is that easy to make 500K a year after 1 year of practice, I believe 95% of the MIT and Harvard graduates would pick up the trading rather than hunting for any job out there.

NO. If you are smart enough you can program your strategy and automate your trading. You don't have to stare at the computer 8 hours a day, and better yet the computer would even trade 24 hour daily and make profits for you. You probably don't believe that though, because either you never try...

If IBM put their resources together I believe they can build a SuperTrading robot. Google news: IBM supercomputer wins first Jeopardy dust up A practice round against former Jeopardy champs goes to Watson in the game show's first man vs. machine match By Sharon Gaudin January 14, 2011...

I wonder if these entries were from your lukewarm set up or your optimal set up? If you didn't exit b/e, would they go in the direction you expected?

Market is NOT insane, but some people are. Market does what it has to do, but those people who have very limited experience, intelligence and resource and they try to predict market and hope it would behave in the way they wish, that is what INSANE is really about.