When is the last time you have seen two days in a row with no 5 minute bars with less than 10k volume? Not in my memory. ES will probably do 3 million contracts two days in a row also. Amazing stuff.
The reason I made my comment was that after being in the chat rooms and having numerous conversations it seems there are a number of people who think that they are going to practice all of this up until "graduation" and then jump into live trading and rip the market a new a**hole. This seems to...
My personal opinion is that you should already be trading the forest level with cash. I fail to understand how people expect to jump into sct trading fullblown at a specified time. Point threes are a relatively safe entry. Exits are debatable but they all work to one degree or another. You have...
I do believe that the longer the time frame the more difficult prediction becomes so it makes a lot of sense to me to trade the shorter time frames. Of course things get difficult when you get over a thousand cars.:p
I dont know about the studies but in the following scenerio I will bet every time the price is going to B before its going to A and my results suggests the odds are much better than 50/50.
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1541253">
Well I agree but this is not going to happen. The market is all about disagreement and its natural that it's participants will disagree on just about everything.:)
I have only one comment. Never, ever enter a trend without waiting for a pullback. There are times when an expert trader can enter at the highs and lows but for a beginner it is just not worth it.