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For stocks yes, you are borrowing from the broker. For futures, someone is simply taking the other side of the transaction balancing your position.

Yes

My first thought is you are very naive. There are no shortcuts.

FON is correct, there is nothing magical about any particular set of MA's. Experiment until something helps you see price development and structure. Some people use no averages...we all see things differently.

I should have written...they help define S/R levels rather than provide same. My only interest is tradable signals and my MA set along with price action and a single oscillator across two time frames provide those signals.

MA's absolutely provide S/R. I don't concern with why but what and when. I use 9 ema, 30 wma and 90 wma.

Everybody can't be Surf...can they?

It takes time before you can read patterns real time. I would recommend using at least two time frames for reference. It also takes time to be able to tell what is actually there and not what you thing may be there. Once you can read charts, you will have to develop a viable trade plan and test...

Not sure where the "2% edge" came from but if I only had a 2% edge, I would go into wood working.

You are a long way from concern about a demo account. First, you have a great deal of learning to do. If you are successful and most aren't, it will likely take years, a number of months if you are a quick learner with talent and great discipline. You may not like to read but I would suggest...

Different strokes for different folks. Day trading is good, sometimes are better than others but it is good.

Hurricane, if the appropriate time and effort is put into studying price behavior, the fog eventually lifts. At such time, one knows what price is more likely to do and can build a trade plan around those expectations. It will then come down to consistently correct behavior. The tendency is to...

Support/Resistance comes in many forms. Among them are prior pivots, moving averages, Fibonacci clusters, Gann square-outs, Elliot wave structure, volatility bands and .....trend lines. Every market has it's own personality and you need to determine how and what it reacts to and develop and test...

Turned out to be nice trading this morning.

Scatophagos is correct, price action is good but patterns are on steroids.

If you have to ask the question, it is likely best you sit out extreme volatility. I have been day trading for years but if signal bars in my time frames are too long for appropriate stop levels, I don't trade. If a market is simply too fast, I don't trade. I don't look to make (or lose) a...

:D

Don't know if it's manipulated and don't care. I find it to be a good instrument to trade. The only thing I know for sure is, I sure as hell can't manipulate it.

What Redneck said...

:D