Search results

So today must be the Top in Gold, Silver, and Euro?

That is more likely now than an hour ago.

I forsee a stop run on 1145 by Thursday.

Looks like the high was 1160.* Long the 116 SPY puts going out on Nov 19 seems an interesting trade right now. Last price $3.20. Mental stop would be $2.50. Strike is ATM, would expect it to get ITM and then pretty deep ITM over the next week or I've got this call wrong. * - I'll...

Your risk free rate.

See also...simulated stops held on IBs servers not at the exchange.

Hypothetical? <a href="http://www.worldspreads.com/en/spread-betting-with-us/zero-spreads.aspx">Busted!</a> Best to take your £5k and put it under the mattress!

You are forgiven in advance. As a newbie you cannot be expected to distinguish sense from nonsense. I did give some useful information on this thread...giving +1 to jinxu was in relation to his comment that trading knowledge is extremely difficult to transfer. Unfortunately this will sound no...

That is a good thing. Stop learning and looking for ways to improve...you'll start an expensive backslide.

I have just seen this. Until now I erroneously presumed you were in good faith. "Ambiguous bullshit"? Nothing I post is nonsense, and this is immediately apparent to very successful traders. You are rude. "Without giving concrete guidelines" ... if you knew anything about this profession...

I told you already: two point stop. A rule which causes you to miss these trades shows a lack of understanding of the conditions which precede such price action and the implications for future price and liquidity. No, I never said to "chase price". "Excessive mean reversion". That is...

+1

It is a good to be the type of person who steps up to the plate and is happy to learn by doing. This isn't necessarily the wisest course of action when learning trading however. Your first objective is to learn how to consistently determine future market direction. Your second objective is to...

+1. I agree. Cracking the market brings its own issues. It raises an additional good point about wealth: only those equal to wealth will be able to keep it, regardless of how they acquired it.

6 out of 150 days when there was a significant gap, but the intent was for prices to continue to progress north for a significant distance, say 20 ES points, and using your rule would have caused a trader to miss the best and sometimes only trade of the day. You say 4% of the time, I say it...

That is the sort of nonsense that newbies believe to their universal detriment. What is left unsaid is that the real consistent money is made by those who know what is most likely to happen next and why - they are best positioned to take advantage of the gyrations whereas newbies are prone to...

I can show you six times this year when following your rule would have caused a trader to miss out on an easy 20 points. Don't try and box the market in. If it were this simple, there would be computer programs which could trade profitably in any instrument, in any timeframe, and their owners...

You will not progress until you realise that there were no shorts today. None. Ignore what you can draw on in hindsight. Open yourself to the possibility that the best trade was to go long at 09.30 today and hold until the close. I can guarantee that many traders did this and did well, as they...

Those who know heard it in April. Those who don't....