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If you can't trade longer time frames, you definitely can't trade intraday. Use wide stops. If you try the short term game at first, you are going to have all of your money taken from you.

If anyone Cares... I took some notes on this guy. Big fan. -the comet analogy where charts are the tail, and you really can’t grasp what the market is actually going to do. You got to learn to get aboard the comet and ride the comet. -future or past, does not matter. It is only the next...

Wondering why he moved to Australia to begin with. Maybe he liked the asian volatility of fixed income... just a guess. (nevermind, he answered it towards the end) I like his philosophy of not keeping daily/weekly score, just simply trading. Always looking for the next trade, very in the...

ahhh.. I see. :) My thoughts on Support and Resistance.... Longer the time frame, easier it is to call bottoms and tops. Shorter time frames... go with the momentum. To define where support and resistance is.... it is not just an absolute figure. You need to watch carefully how the market is...

what is s/r?

I guess when Crude goes to 125, my oil stocks will go down at least 40%. Or, when Crude goes to 35 again, my Oil stocks should go up substantially? You P X Q message is much more complex than you describe. There are Ideal market prices, and that ideal market price for the producer fluctuates...

YOUR NOT HOLDING LONG ENOUGH... your target exit should at least be the last low, for a trend continuation trade. Your like a 5 tick chump. Hold the position like a man. Euro retested that low, you trade the dirction to retest the sharp move... Your entrance was perfect... euro went in your...

The oil market is rigged and controlled by politicians. Therefore the price needs to stay where the industry makes money and the users can afford the product and not complain about costs and have the politicians vote them out. When prices were at 29 (I got kind of lucky), I bought a bunch of...

OP, Let me guess, you trade in the short term? The short term game is like stepping on an NBA court at age 50. Unless you got mad skill, your dead. When you lose for a fair amount of time, you develop a complex. That complex keeps haunting you and resurfaces continuously. 20 years...

this is a joke

I've got to tell you, i've said it before and I truly believe it. Shorter term trading, is much harder than medium term trading in my opinion. If you are worried about your analysis of the opening, I can't even analyze that well and I'm 8 years in. I find the 4hr chart time frame, is a great...

OP It took me about 7 years and 8000 hours to become consistent. It's pretty cool once you get there.... it's ALOT of WORK I have spent thousands of hours testing systems that I have designed. Options, futures, stocks, you name it I have traded everything. I would recommend hand testing...

Cool, I see. I've played the selling premium game in a very basic form. I could never stomach the risk reward. And then when you hedge, the returns are so small. At least my amateur way of looking at option premium. What you were doing was much more complex, above my head.

I would suggest trying to design a system, and manually backtest by hand. You will start to see things that most can't if you spend thousands of hours doing this. The whole simulator, video game thing, I guess is valuable...but I never did it.

I trade NQ, not ES. I like the little bit of extra vol in it. My stops are typically 20 full points, but the last two days my stops were 40 full points. I try to take down between 10 and 100 handles on a trade. I don't play that nickle and dime sheeet :) I feel like the ES is a bit more...

Rallymode, those are incredible results. So you were selling vol on what? What was the strategy? My results are a joke compared to yours. My system is trading futures directionally.

First half, I was dipping my feet in the water (trading half of projected size). Second half I traded full size, and was simply executing the system much better. It does perform better in higher volatility periods (I believe). Basic reason is the moves in all most of the markets I trade have...

Below reflects 13 months (june is the additional month). Notice the first half until about December my returns are less. I was trading half size still getting used to the system. I traded Full size starting in December and my confidence and execution of the system increased and then it...

Rallymode, I hear ya but is it more impressive comparing: 2million account generating $500,000 in profit or 700k account generating $500,000 in profit I know PNL is all that matters in reality, but it has it's limitations in comparing results.

I trade futures, directionally, place bets on where it will go. Average hold between 2 hours and 2 days or so. Long short. I trade about 10 different markets (energy, currencies, metals, equity indexes. etc) It took me 8 years to learn this, 8000 hours or so.