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Yes, it's called vwap. It serves as support and resistance area, providing opportunities for quick trades.

Yes, there are rules. Apart from the classical trend following rules (stop at the last low or last high), you can calculate the average volatility with the ATR, because small stops with higher volatility get you out of the trade for nothing but statistical chance.

Do you realize it takes very long time to build a big account to the point where retirement is an option? A trader who starts with a $10k account and averages 2.5%/month will take over 15 years to reach one million dollars. The best thing this trader can look for is working for a hedge fund or...

Depends on what you mean by "tremendous edge", that is essentially meaningless. Anyway, it depends on several variables. For example, the capital of whoever gets that information. If it's small, the market impact of that participant will be insignificant to small for long periods of time. From...

Let's say I have stock that is highly correlated to the market index, for whatever reason. The stock is in a uptrend and is forming a continuation pattern, a flag, for example. The index, on the other hand, is at a strong resistance level and is not showing strength. How do you approach this...

Are sure these are not bad ticks? Anyway, I can show you current charts of liquid assets which looks like pre-hft charts. Hell, Brooks himself teaches with current charts (paid course).

Source is Al Brooks website, I don't think I'm allowed to link to it. Price action What is price action? There is no widely accepted definition of price action, but I think a broad one is most helpful for traders. I like the one that I use in the first video in the course, and I am basing...

Oliver Velez.

Brazilian here. There's only one prop trading firm with decent standards, it's called LVL. It's rather small (less than 20 traders). You deposit R$3000 and they offer leverage as soon as you show consistent profitability. You can trade until your deposit is gone, but with daily loss limits...

80% of range breakouts fail. Being in favor of the underlying trend helps. Source: Al Brooks and experience.

It's going to tank.

Agreed, I'm not dropping my Bradesco, Itaú, AmBev and CETIP shares. They are all great and solid companies in the middle of this hurricane called "Brazil".

I can see where you come from. We also see downgrades at the bottom, and it's happening. But I can't deny the fact that the government is increasing taxes, making it more difficult to run businesses (instead of attracting investments) and that we don't have anything to export besides oil and...

I can't see consumer confidence and spending going up in the short term. Anyway, unemployment skyrocketed so I would not bet on business investment either, not in the next 2 years. Of course the market anticipates the economic data, but I still think it's early. This rally, in my opinion, is...

If you say so. I don't believe in good outcomes from long term retail algorithm trading.

This thing is gonna blow in the next few days. Former president "Lula" (same political party of the current president) was detained this morning and will be legally required to give explanations, with no release date. This is an important phase of the "Carwash" operation.

You need at least 12 months of expenses saved up. That said, you should be able to pay your monthly expenses and grow your account with a 1R profit. So, let's say you risk 1% of your account on a single trade and your account is $100,000. 1R would be $1000 and that should pay your monthly...

In retail trading, the event you described is rare. In fact, what you describe seems to something worth much more than a retail trader could ever aspire to take from the markets through discretionary trading.

If you keep looking for an edge as a specific secret or strategy instead of putting in work, practice, reading and learning, you'll never succeed in trading. I know successful traders who use technical analysis and I know successful traders who trade with tape reading. I also know traders who...

the fuck is this thread?