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Hi all, I am an experienced futures trader but always looking to keep learning. Ive been involved in the energy markets for about 5 years off and on, but mostly relied on price action/pattern recognition etc. In order to push on to the next level i am looking to see if anyone knows of any...

Go for it! If it works I'll set you up with your own hedgefund and I'll be your biggest client. ;-)

Hoodooman. My point is win rate is irrelevant. Even if it 100% I'd just argue your sample size isn't big enough. All strategies eventually fail. A lot of them don't have a statistical edge to begin with. Win rate is largely governed by how wide your stop is. Wider stops equals higher win rate.

Hoodoman, that is the ultimate 'how long is a piece of string' type question. It depends on a number of factors. You could have a 2 tick target and a 100 tick stop and win 90% of the time. But ultimately lose money. Or you could risk 1 tick to make 3 and have a win rate of 40% and make money. Or...

thats right Rationalize

id say these days the trading arcades are the new pits, its all order book watching, reading the flow, gauging how everyone is positioned around you "the herd" as you say

ammo, not sure if you were suggesting i traded in the pits. I dont, i trade on screens. Im from Europe, id love to have traded in the pits but they were closing over here just as i was getting into the business

Im not trying to make an argument one way or another just passing on my observations. I have been a professional trader for 7 years. And not just trading from home i mean on trading floors with hundreds traders .Ive never known one of them make money from technical analysis. Some of them...

Definitely do not start trading. You will lose. It takes a lot of money and time before you turn the corner. $6k in savings is a lot for a young person starting out in the world but it is absolutely tiny in the world of trading, people will take that off you before you even have figured out how...

cheers

Great thanks. Who needs google when I have you though. Still, it didn't have the nice histogram showing a breakdown of volume per product over about a ten year period that I was after. Any chance you could have a look on this 'google' you speak of.

Does anyone have a link to historical volumes on eurex? It would be interesting to see how its dropped off. Has it just moved out bonds to other markets or is it drastically down on all products?

I take my hat off to anyone that can trade FESX. Im always looking to expand what i trade and have started allocating some profits each month into eurostoxx, the thing doesnt move. Took me an hour to get a 4 tick winner the other day. So tempting though. Crack that and youre sorted

@oldtime... fair point

I agree with the majority of what has been said. I dont think the FTT is a threat though. Firstly it would literally kill all trading, and not just "evil speculators" like us. But for people that use the futures markets (or any derivative market for that matter) as a proper hedging tool. Im...

Im glad other people share my frustrations. Personally i am a scalper and my bread and butter is scalping the order book, to me volatility and paper coming in to the market is where i make my living. Having said this, i have had a consistent year, and there are always opportunities in the...

It seems to me there has been a huge shift in public opinion in the fallout of the financial crisis. I am from the UK and there has always been an attitude of championing the underdog and laughing at the people at the top of their game. I always admired the US where success was congratulated...

I think a good mentor is essential. But depends what you mean by mentor. I am a prop trader and working with successful traders and talking to them and having a level of trust where you can talk frankly to each other about your trading has been a huge factor in my profitability. However some...

I think a cumulative equity chart would give a clearer picture. For example if your equity chart constantly see-sawed between up a few grand and down a few grand and you happened to present your data on an upswing then i would say it would show no edge. But if there is a smooth upward slope with...

To the guys that traded with Priston... do you know what type of risk: reward he would have on a trade? My reason for asking is I have been trading at firms in and around London for about 6 years as a scalper (taking 3-4 tick winners). I make a living for myself so cant complain too much...