I'd expect crap win rates with this strategy, as it catches knifes and jumps in front of trains, but maybe workable with right R:R. Not my cup of tea. I go with the flow. Much easier to define momentum than S/R.
I don't think it's impossible. The problem is, your signal strength decreases, and risk increases as every second passes. HF firms have this perfected. A retail trader can be semi-perfect and still survive.
Even if you found a price action/scalping edge through visual analysis, the speed of price movement in modern markets won't allow you capture it. It must be coded to execute if you plan to seriously daytrade. Longer term PA/TA may still be viable, but exposure risk increases exponentially. I'd...
I'm 99% in agreement with this. This excludes fee collecting PM's, hedge fund people, and just employees of the financial world in general. They have no shirt to risk.
Either way he was screwed. Pancreatic cancer has the highest mortality rate of all the major cancers. 92% of patients die within 5 years of their diagnosis and 75% of patients die within the first year. It's the only leading cancer killer with a 5 year survival rate still in the single digits at...
Honestly, even with a trust fund I'd feel guilty slacking on easy street. Just couldn't do it, after watching my father sell his soul to get from rags to riches, only to die of cancer at 68.
smallcapgrowth
Great observation. Now quantify those ratios/adjustments you mentioned within specific instrument(s), at specific times. Get your hands on fairly accurate tick level backtesting/automation software. You can use MS excel for crude quant model prototyping. Simple is good.