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The only backup source I have to DSL is cellular wireless. No cable, no T-service available right here on property. With that in mind, I'm going to relocate my office from home to a different area in town where DSL, cable and T-1 services are all available.

Mondays. What would they be like without some type of technical issue or another? Today we had intermittent DSL service until late morning when it finally decided to stop graying in & out, and went out for keeps. So we switched over to the laptop, one screen to work with and diminished...

plan your trading and trade your planning Well, maybe half of that today. Persistent internet outages this morning nixed my short attempts from CL 91.80s and .70s blended. So I caught the next sequence lower, blended from 91.46 and out at 90.70 on partial contract-block size. CL has traded...

Well, my youtube channel has 98 live-trading videos recorded in real-time for the past 1.5 years and my blog has 3+ years of several hundred posts with several thousand chart captures thru that time. I'd say my overall style of trading won't be permanently changed by this brief, ten-day combine...

way too late for off-topic avoidance... and the mods will clear the clutter if they see fit The only constant in all market action from the beginning of time until now and forever until the end is this: price contracts, and expands. It does so in predictable, measureable fashion amidst the...

No there isn't a never-ending line of people interested in trading. Those days are gone for now, maybe forever. When the real-estate market and banking market and stock market crashed in 2008, it wiped out all that bubble-wealth discretionary income. The reason volume is so thin now and...

Failed traders don't last long in the info business, because their info sucks like their trading did. Capiche'? Nobody posts track records because making $150,000 per year with two losing months and ten profitable months (for example) won't measure up to the "never-lose" crowd who are all...

well, I fail to see how you can "take the other side" of sim trades with real money, but you seem intent on that being a viable strat somehow. I have nothing more to add of value to this conversation than what's already said.

those aren't faded trades... you are off-topic with semantics :)

Yes, you've got it all figured out. They screen the hell out of paid applicants, fund the few who pass stringent requirements and then proceed to fade their trades expecting said funded traders to lose. Yup... makes perfect sense to the rest of us.

How do you fade sim trade results with real money? What if the sim trader you fade happens to kill it all thru? You have no pattern of behavior to that... hell, you don't even have marked trades to study in actuarial. The whole "bucket shop" fade myth is no more real than the concept of...

I know how it was possible... your r/r was better than 1/1 <grin> Listen, 1/1 is never that when you factor in the real-world reality of trade costs, slippage on stops and black-swan events against. I've yet to see anyone else acknowledge those realities here in this conversation. Now, I'm...

50/50 will result in net loss over time when you factor in commissions, slippage and random acts of adverse price movement such as unannounced interest-rate cuts, fat-finger and flash-crash events, etc. You must do at least, at the very least 60% correct and more like 70% correct in order to...

Well, I nixed the soybeans conversation because I haven't tried trading them since. Unfortunately, about every session has been a sweet trend move in that symbol afterwards... including yesterday. But for the duration of this program, I expect to focus on CL alone. As carefully explained...

Everyone likes that approach... it meshes perfectly with basic human logic = emotion. Now here's the reality: You need to sustain a 70% or greater average win rate over long periods of time, like six months, one year, two years before considering such an approach has staying power...

Wed 10/10 session: CL offered three different +80 cent to 100+ cent price swings from trade-entry signal zones to distance covered. When those type of setups measure out, scaling in and holding for distance places statistical odds of probability in the trader's favor. 10 - 15 contracts x...

Before I began, I calculated various scenarios of what it takes to succeed or fail. All I did earlier today was offer insider viewpoints of my perception and observations. Whether that is taken into consideration or discarded out of hand is another story. If indeed available capital is...

That is excellent advice, and is part of my strategy. But there are certain situations, roughly 50% of all sessions where CL makes predictable, measureable moves of 100 cents or greater which can be targeted. Along with smaller trade sequences as well, when I see a situation like the one...

I agree with all that, no dispute. The key phrase being, "proper mechanics" defined. In essence we are given risk parameters and minimum profit requirements along with other criteria to meet the objective. What it takes to reach those depends largely on existing market conditions at any given...

Yes, actually. All of the trades I take have pre-entry projections of where price is probable to go based on the pattern setup itself. Those pretrade objectives vary depending on the wave size itself. Some smaller traders project to 40 - 50 cents, others 100 - 200 cents. When I see those...