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At the end of each trading day, I calculate my average gains, average losses, largest gains and losses. I do it again at the end of the week, month, and year. This is how I gauge my progress or lack of, and of course keep track of my P & L in dollars. EG: Last week I did 35 round trips. I...

Correction Would possibly have been more accurate to say "and moved the limit to above the signal bar prior to the entry bar (after the 2nd pullback leg down, and after the entry closed". I believe that last bear bar in the second leg down qualifies as a signal by Brook's definition...

So if I place a limit order below a bear bar during the first pullback in a trend and get filled using the low of the prior pullback sometime earlier in the trend for my stop, thus adjusting my size accordingly based on that initial risk, using 1/3 of my position for the first limit, and THEN...

He does, though he has indicated it can be used to time entry for the 5 minute. He also indicated in his books (and possibly in the vids) that there are traders who can trade the 1 if they are personality types that can deal with stress or are fast thinkers. He's mentioned the 3 minute if one...

This is similar to what Brooks has indicated, though he hasn't stated (to my knowledge) that they let prices fall to create the impression of an ending trend (in a bull trend example). They just want to buy back at the lower price, and will stop buying if they think there may be a reason for...

Perhaps I'm using too broad a definition of HFT trading. I'll need to consider that before I post further regarding time frames. Even so, I don't understand why Q believes that lower time frames are no longer tradable because of HFT. That's what I was trying to show in the charts. All 3...

I agree, though I think the HFT's never stop, regardless of the state of the market. Certainly micro gains and losses were being made all through the break out, but other buy and sell programs were absolutely involved which were most likely the dominate force. Point taken.:) I'm not an...

I would also add this: What caused the HFT's to actually line up on one side of the trade more than the other? And more importantly to a retail day trader, does it matter? Just an aside: It is also of note that ZH had an article about this move. Pretty funny, actually, if you've been...

LOL. I'll go with Clint. I can see his Dirty Harry character on the button, saying to our perceived enemies....well, you know the quote.:)

Or he'll cry about it. I can't figure out who's tears are more fake...his or Hillary's. His could be real if it's happy hour, though. Who knows?

:D Now that's funny! Good find.

Would you say this EURUSD move was dominated by HFT's? I would. These are 3 different frames of the same move. Which do you think was the most tradable? If you got in at the top of the prior bear bar on the 5 (the first chart below), your actual risk would have been 12 or 13 pips depending...

So true! And not just in trading.:eek:

I'm trying to figure out if this is a pun.:) Brooks has a section where he discusses hedging larger swing trades with options, as you probably know. I'm guessing that as a supporter, you've read some of his material.

Those are the times I least enjoy trading...when there is too much agreement about the current value of an instrument.

I've often thought (and I may have read it in a trading book somewhere), that the market is a mirror of your personality.

I think the only people that know the math/indicators/price action, etc that the HFT's are using are the programmers, and those that hire them. All I have to work with is their footprints. I use candlestick charts with 20 and 200 exponential ma's for that. That's it. Doing decent enough...

+1

My understanding it that some algos do use Fib numbers and treat them as support and resistance. If enough traders use any indicator, couldn't it become a self fulfilling prophecy of sorts?

The ones who know when to hold, and know when to fold.