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That sucks. I scaled up to 12,575 contracts on the TF when it hit 820, and exited the trade with a net profit $675.00 when it retraced to 821.3.

Madness? What do you mean? John Carter trades this particular trade all the time, closing the trade a few minutes before the 4:15pm futures close if his targeted levels aren't hit. He has 2 points of risk, for a total risk of $5000. Last week he made over $45,000 in the live trading room...

That's what I heard. Something like 20 months without a loss, and today he took over a $300k loss. That's too bad, hopefully he can brush this off and resume his winning streak.

Before your start accepting your platitudes for building an ATS, I imagine this forward testing period is going to be pretty educational for you :D As far as I'm concerned, you have programmed a backtrading strategy, but it's not a full-blown ATS just yet. There's a lot of things you're...

I know you're only 14 but Julian you've really got to thicken your skin. Don't get into pissing contests with anonymous people on the internet, it's totally pointless. Let the haters hate, and ignore them. You can never win against the haters, so there's no point in engaging them.

I see, so you wait until the next bar to get in or out. Okay, final question: who do you use are your data provider? IQ Feed, or someone else? If you are using IQ Feed and backtesting using the continuous contract, I would verify that the contract that IQFeed is using is the same one that...

What software did you use to backtest, or did you go through everything manually? Are you only using 10 min charts to evaluate whether or not your trades get filled, or are you drilling down to smaller time-frame charts to verify that the trades are actually proceeding the way that you think...

One other question, when backtesting, did you get get bars that hit your limit and then hit your target and/or stop in the same bar? If so, how did you reconcile those?

Sounds interesting! Some questions: -Have you forwarded tested this or is the results only from backtesting? -How many trades a day do you get? -Did you take into account rollover periods in your backtesting? What about spreads between bids and asks, if any? -average drawdown of 3k and...

Don't get so down on yourself and your systems. Your system looks like a nice steady up-and-to-the-right result. I would kill to have that PnL graph. You had a bad couple of weeks, but every system has drawdowns. The S&P has been flat since May, but yours have been going up steadily. I...

NoDoji, don't take what these guys say to heart. The fact that these guys took the time to hate on you means that you have a significant enough presence that they felt the need to try take you down a peg or two. Even if you did say you made $2000-5000 a day, do you think they would...

For what it's worth, I have a co-worker that trades a great deal. He makes on average about 2-3k/day, and has made 30k+ on some single trades. He, of course, has some large losses as well, but makes a lot more than he loses day trading, sometimes while at work. I've watched him trade with my...

You're going about it the wrong way. Instead of giving yourself 3 losers, give yourself ONE SINGLE TRADE PER DAY. You need to reserve this single trade for the HIGHEST PROBABILITY setup. If you win or if you lose, you stop trading for the rest of the day and switch to demo. Do this for...

Nice week neke. On average, what is considered a "good" day for you? And have you considered ending your trades early if you are making a better than average gain on the day? For example, if you are up $17k for the day, if it is an outlier in terms of profits, have you considered...

isn't AAPL supposed to be halted? did it halt at all or did they trade through the earnings release?

Does this hold true for all countries that go through a recession? For example, if the Canadian housing bubble bursts and it affects the banks, will this cause the CAD to drop relative to the USD?

Week 15 TF: 2 full losses, 3 moved stops, 2 discretionary losses Corn 1: 3 wins, 5 full losses Soy: 3 full losses, 1 moved stop for a gain, 1 moved stop for break even HSI: 1 win, 1 full loss, 1 moved stop (should have been 2 wins, 1 full loss, and 2 moved stops) DAX: 1 win, 1 full loss...

Japan's tourism industry is about 2.2% of the GDP. This is on par with the automobile industry at 2.3%. This is as of 2000, but I don't imagine it to have changed that drastically in 10 years. http://www.oecd.org/dataoecd/43/48/33649824.pdf

It may be irrational, but it's how people feel. I live in California, thousands of miles away, and people still ask me if California is safe to visit. If tourism is dependent on regular people deciding to spend their hard-earned money to visit a country, and if regular people are nervous...

It really seems like at this point Japan is in deep trouble. I'm wondering what the consequences of this are? 1) Japanese tourism will be shot, for years. 2) Japanese food production is deeply in question. This means that more food will be imported from abroad, which also means that food...